Tag: UPS

UPS is gaining momentum in 2nd quarter volume growth

Posted by | May 11, 2005 | |

Citing good momentum through the first five weeks of the quarter, UPS executives today said US domestic volume growth was “well ahead” of expectations for the second quarter and international export volume continued to climb at its expected double-digit rate. The gain in domestic volume follows a first quarter in which UPS reported significant international export package growth and a strong 16.2% gain in net income. UPS today said it continues to expect a strong 2005 with full-year net income growth of 16-to-20% over the adjusted USD2.90 reported for 2004.

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UPS to expand air freight network

Posted by | May 10, 2005 | |

As part of its expansion in the air freight business, UPS today announced plans to construct five regional freight hubs at airports across the country.
The regional facilities, when completed and brought on line next year, will support a main freight hub to be constructed in Louisville, Ky., home to the company’s main all-points air hub. The six facilities will form the backbone of an expansive air network for the movement of heavy freight for customers of UPS Supply Chain Solutions. The new facilities will be constructed in Ontario, Calif.; Rockford, Ill.; Dallas; Philadelphia, and Columbia, S.C. Those airports already serve as regional hubs for UPS’s separate small package network, meaning UPS jets are routinely flying in and out every day.

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UPS Board Sets Dividend

Posted by | May 10, 2005 | |

The Board of Directors of UPS today declared a regular quarterly dividend of 33-cents per share on all outstanding Class A and Class B shares. The dividend is payable June 1, 2005, to shareholders of record on May 16, 2005.

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UPS drivers receiving new wireless computers

Posted by | May 9, 2005 | |

UPS today announced the rollout of a new generation driver computer that can “talk” with four different wireless communication systems to speed tracking information to customers. There’s really nothing like it,” said Dave Barnes, UPS’s chief information officer. “This is a key component of a bigger system that we call Package Flow Technology. Our drivers are going to have all the information in their handheld computers to make even more reliable deliveries while driving fewer miles.”

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UPS adds slower US business mail service for lower rate

Posted by | May 4, 2005 | |

United Parcel Service business mail services unit Mail Innovations unveiled an integrated suite of mailing services that includes a new option to send non-urgent mail at a lower rate in exchange for less speedy delivery.
Called UPS Mail Logic, the service includes mail pickup, transport and processing to the U.S. Postal Service or overseas. For mail in the United States, UPS Mail Logic delivers at First-Class mail speeds plus one day.

Customers also can choose UPS Mail Logic Saver, which delivers mail in an average of six days. Mail sent with UPS Mail Logic Saver qualifies for a lower per-piece rate.

Domestically, UPS Mail Innovations typically handles mail pieces weighing less than 1 pound, including flats, bound printed matter, including catalogs and lightweight products such as CDs or books. Internationally, UPS Mail Innovations handles mail of all weights.

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