Tag: UPS

China’s couriers take on the big players

Posted by | Nov 2, 2004 | |

Low-cost Chinese delivery companies are increasingly trying to take on global express carriers such as DHL and FedEx in China. Companies such as Golden Monkey Express, a Beijing delivery service, are strengthening their international network and beefing up services at home. Pony Express, which is also based in Beijing, even boasts an online track-and-trace service through a partner company. China Post’s EMS service and global express groups such as DHL, FedEx and UPS still handle the bulk of international shipments in and out of China. However, as foreign executives look to the domestic Chinese market, the low-cost delivery services are said to be making their mark. “(China has) this exploding market of little players . . . We’ve got a lot of very small, very aggressive people entering the market,” John Mullen, chief executive for Asia Pacific at DHL Express said.

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UPS Announces Rates For 2005

Posted by | Oct 28, 2004 | |

UPS today announced package shipping rate adjustments and a change in the fuel surcharge that will take effect on Jan 3 2005. Rates for UPS Ground, UPS Next Day Air, UPS 2nd Day Air, UPS 3 Day Select and US international services will increase 2.9 percent. UPS Hundredweight Service, an alternative to that offered by less-than-truckload carriers, will increase by 5.9 percent, producing rates still half those of most major LTL carriers. There will be no changes to most UPS retail rates offered at nearly 3,600 locations of The UPS Store. Beginning in January, UPS will reduce the fuel surcharge currently applied to UPS Next Day Air, UPS 2nd Day Air and UPS 3 Day Select and international services by setting a maximum cap of 9.5 percent.

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UPS reports solid 3rd quarter earnings as package business grows worldwide

Posted by | Oct 21, 2004 | |

UPS today reported solid third quarter growth with revenues rising 7.7% and net income increasing 20.4%. Total worldwide average daily volume increased by 445,000 packages per day to 13.7 million, a 3.4% increase. Total international export package volume grew 13.2%, while UPS Supply Chain Solutions posted strong growth with revenue up 10.1%. “The reach and reliability of our global package delivery network is unmatched and we’re attracting new business as a result,” said Scott Davis, UPS’s chief financial officer. “We’re seeing double-digit export growth in every region of the world with strong profit increases to match.”

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Building Brown Bigger

Posted by | Oct 11, 2004 | |

Showing the kind of force it exerts on the logistics market, UPS bought up one of North America’s largest freight operators and raised new questions about how far consolidation of service providers will go and what the parcel giant’s increasingly large competitors will do to respond.

UPS bought Menlo Worldwide Forwarding, the $1.9 billion integrated and forwarding business that once carried the Emery Worldwide name around the world, from CNF for what appeared to be a fire sale equivalent of $260 million. With barely a financial dent to a balance sheet that includes more than $4.5 billion in cash and cash equivalents, UPS moved to fill a gap in its own heavy freight services and freed CNF from a financially struggling business that has distracted the company from its successful and growing Con-Way regional LTL operation.

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