Tag: UPS

UPS bets logistics business will be growth engine

Posted by | Sep 30, 2004 | |

United Parcel Service Inc. is betting its logistics group will be a major growth engine as it benefits from companies expanding abroad.

The company, known for its brown uniforms and trucks, has been expanding beyond its package delivery roots into logistics, using its network to help shippers navigate customs, manage traffic flows, reduce inventory to free up cash, warehouse parts and revamp distribution networks.

“More customers are global or global sourcing,” said Bob Stoffel, senior vice president of UPS Supply Chain Group, at a recent press briefing. “They want someone to manage it (the traffic).”

The company’s logistics business, which has grown to USD2.1 billion, or about 6 percent of total UPS revenue, is one of three prongs in the UPS growth strategy, Chief Executive Michael Eskew said at the briefing.

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A Chinese ‘takeaway’ – US-China freighter rights

Posted by | Sep 13, 2004 | |

The US-China freighter rights allocation just announced by the US Department of Transportation unfairly favours express operators, Northwest Airlines claimed last week. NWA Cargo, which currently flies three freighters a week into Shanghai, told IFW it was disappointed its allocation ignored the greater needs of the heavy cargo market. The DoT proposed allocating FedEx and UPS six weekly freighter flights each and a further six from March 2005. These would be in addition to the 11 and six respectively the two currently operate. NWA Cargo was offered three this year and three next. “NWA Cargo will continue to have substantially fewer frequencies than FedEx and UPS, despite the fact that the predominant demand in the US China market is heavy freight, ” the company said.
It declined to speculate on why the US government had favoured express operators, although FedEx and UPS are known to have a strong lobbying influence in Washington.

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Foreign express giants speed up expansion in China

Posted by | Sep 8, 2004 | |

International express magnates such as UPS, TNT, DHL and FedEx are speeding up to further explore the Chinese market as China opens up its domestic express business on December 18 of 2005.

United Parcel Service Inc. (UPS) currently runs six cargo flights from the United States to China a week. If winning approval from the US administration, UPS will be in a position to fly six new flights to Shanghai immediately and six new ones to Guangzhou next year. The new flights will allow UPS to connect Shanghai with Japan for the first time with non-stop service, and the 2005 flights will allow UPS to offer non-stop service from the U.S. to Guangzhou for the first time.

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UPS sees growth despite higher fuel costs, prices

Posted by | Sep 1, 2004 | |

United Parcel Service Inc. expects business to keep growing even as it passes higher fuel costs on to customers, its chief executive told a newspaper.
“So far we have detected no signs that business is declining,” Michael Eskew said in a interview to be published in Thursday’s Financial Times Deutschland.
Sales volume has not dipped, he said, even though UPS is passing on higher fuel costs directly to clients and airmail packages have become 7.5 percent more expensive to send. Rival Fedex told Reuters in an interview earlier this week that escalating fuel costs are no threat to its business as they are being offset by higher productivity and efficiency.

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