Tag: UPS

UPS 1st quarter shows strong 16percent income gain

Posted by | Apr 21, 2005 | |

Paced by its growing international package operation, UPS today reported a strong 16.2% gain in net income for the first quarter of 2005. Consolidated revenue for the three months ended March 31, 2005, rose 10.8% to USD9.89 billion, reflecting in part the addition of revenue from the recently acquired Menlo Worldwide Forwarding. International package revenue climbed 13% while US package revenue rose 2.8%. Operating profit rose 13.8% to USD1.39 billion compared to USD1.22 billion for the prior-year period. International operating profit jumped 25.6% to USD348 million, while US domestic operating profit increased almost 13% to USD1.03 billion.

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UPS Supports Comprehensive Postal Reform Legislation

Posted by | Apr 20, 2005 | |

Following passage of comprehensive postal reform legislation by the House Government Reform Committee, UPS has announced its support of H.R. 22 and committed to work toward final passage in Congress.

The Postal Accountability and Enhancement Act of 2005 mandates significant reform measures to move the Postal Service toward sound financial footing while enhancing regulatory oversight. Last year, the House Government Reform Committee’s Special Panel on Postal Reform and Oversight held numerous hearings with key stakeholders in the mailing industry to develop comprehensive postal reform legislation.

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UPS supports comprehensive postal reform legislation

Posted by | Apr 13, 2005 | |

Following passage of comprehensive postal reform legislation by the House Government Reform Committee, UPS has announced its support of H.R. 4341 and committed to work toward final passage in Congress.

The Postal Accountability and Enhancement Act of 2004 mandates significant reform measures to move the Postal Service towards sound financial footing, while enhancing regulatory oversight. The House Government Reform Committee’s Special Panel on Postal Reform and Oversight held numerous hearings with key stakeholders in the mailing industry over the past year to develop comprehensive postal reform legislation.

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International express giants rush to Shenzhen market

Posted by | Apr 12, 2005 | |

The international express industry in Shenzhen, a city bordering on Hong Kong, has seen a booming prospect since some 30 home and international express companies including Fedex Express, DHL-Sinotrans, UPS, TNT, rushed to the local market.

The Shenzhen Airport has gradually become an international express logistics center in southern China, said Wang Huicheng, head of the Shenzhen Airport Customhouse.

The number of international expresses via the Shenzhen Airport Customs Monitoring Center totaled 18.899 million pieces last year, weighing 153,000 tons and valuing 10.65 billion yuan, ranking first in China for three consecutive years. UPS, one of the world’s four express giants, chartered airplanes in Shenzhen Airport for international express delivery for the first time starting from April 11, and it plans to have 24 flights a week. The takeoff of a chartered airplane means a keener competition among worlds express giants in Shenzhen.

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Four largest package-delivery carriers in US 2004

Posted by | Apr 7, 2005 | |

Here are revenue and market-share figures in the ground business segment for the four largest package-delivery carriers in 2004:

Here are revenue and market-share figures in the ground- business segment for the four largest package-delivery carriers in 2004: Figures are in thousands

Revenue Market Share
UPS $17,409,000 73.3%
FedEx $4,265,000 18%
USPS $1,242,096 5.2%
DHL $819,000 3.5%
Total $23,735,096 100%

Figures are in thousands

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