Tag: UPS

Contrasting outlooks from UPS, FedEx a factor of competition, analysts say

Posted by | Jan 12, 2005 | |

FedEx Corp.’s strength in next-day air deliveries and improvements in its ground business helped it post a more positive outlook for the quarter that includes the holiday shipping season than larger rival UPS Inc., analysts say.

Atlanta-based UPS warned Tuesday that its fourth-quarter earnings would fall short of previous estimates because of higher operating costs and weaker than expected domestic package volume from Christmas to New Year’s Day. FedEx, based in Memphis, Tenn., issued a statement saying its business remained strong over the holidays and it would meet its earnings goals.

“They’re tough competitors; one may be benefiting at the other’s expense,” Arthur Hatfield, an analyst with Morgan, Keegan & Company Inc. in Memphis, said Wednesday.

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UPS delivers a downgrade after bad Christmas period

Posted by | Jan 12, 2005 | |

United Parcel Service, the package delivery giant, yesterday cut its forecast for fourth-quarter earnings, blaming lower-than-expected volume and stormy weather during the peak Christmas period. The profit warning punctured the optimism that has surrounded the express delivery industry in recent months, which had benefited from a growing US economy and surging trade with Asia.
However, FedEx, the largest package delivery company after UPS, said it had experienced “a strong holiday season” and reaffirmed its existing profit guidance. UPS portrayed its problems as a short-term blip and reaffirmed its “positive” outlook for this year. UPS said fourth-quarter earnings-per-share were now expected to be 75-76 cents, down from an earlier guidance of 83-87 cents.

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Major carriers increase US rates

Posted by | Jan 3, 2005 | |

Rate increases for United Parcel Service Inc., FedEx Corp. and DHL will take effect today. Rates for UPS Ground, UPS Next Day Air, UPS 2nd Day Air, UPS 3 Day Select and international services will rise 2.9 percent. UPS Hundredweight Service, an alternative to services offered by less-than-truckload carriers, will rise 5.9 percent FedEx, Memphis, will also increase its shipping rates today. The cost of its FedEx Express service will rise 2.6 percent. This includes a 4.6 percent increase in package and freight costs and a 2 percent decrease in its fuel surcharge. An indexed fuel surcharge was expected to be implemented yesterday for DHL’s DHL Ground and DHL@Home shipments. The fuel surcharge will be initially set at 2 percent.

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US Postal Service scores big in customers’ delivery comparisons

Posted by | Dec 30, 2004 | |

The US Postal Service – no stranger to measuring itself for performance success and customer satisfaction – took the lead in four informal parcel delivery tests conducted by postal customers this holiday mailing season. The “New York Times,” “Grand Rapids Press” (MI), KSLTV (UT) and KTVI (MO), within days of one another, conducted mailing comparisons among the US Postal Service, DHL, FedEx and United Parcel Service, measuring delivery time, quality and cost, shipping identical items ranging from coffee mugs and holiday ornaments to pecans within each test and using comparable classes of mail.

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UPS completes purchase of Menlo Worldwide Forwarding

Posted by | Dec 20, 2004 | |

UPS today announced it had completed the purchase of Menlo Worldwide Forwarding, Inc., formerly a subsidiary of CNF Inc. “Menlo Worldwide Forwarding’s capabilities complement UPS’s ability to manage customers’ shipments of any size, anywhere and in virtually any time frame,” said Bob Stoffel, UPS senior vice president, Supply Chain Group. Menlo Worldwide Forwarding services soon will be sold under the UPS brand, he added.

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