Tag: UPS

Courier services look to China to expand coverage

Posted by | Aug 3, 2004 | |

Companies in the U.S. are facing mature markets at home and are increasingly looking to the Chinese market to grow and remain competitive globally. According to FedEX, U.S. exports to China have grown by 75 percent over the past three years making the United States second only to Japan as China’s top trading partner. And European exports to China are also growing steadily.

DHL was the first international air express company to enter China in 1980, followed by FedEX in 1984, and UPS in 2000.

DHL’s partner Sinotrans is a licensed customs broker, covering 300 cities through 11 major gateways with about 37 percent of China’s market. In 2003, they invested USD200 million in China for a five-year program.

Read More

UPS settles Overseas Partners class action

Posted by | Aug 2, 2004 | |

United Parcel Service Inc. has agreed to provide vouchers to its customers to settle a consolidated class action lawsuit that alleged UPS overcharged shippers for excess-value package insurance written by a Bermuda-based company owned by UPS employee-shareholders.
Atlanta-based UPS was hit with 27 such lawsuits across the country after a U.S. Tax Court judge ruled in 1999 that Bermuda-based Overseas Partners Ltd. was a “sham” intended to divert taxable UPS income from the excess-value program. A panel of the 11th U.S. Circuit Court of Appeals later overturned the ruling, finding that OPL served a legitimate business purpose.

The class actions continued, though, after being consolidated before U.S. District Judge Richard Berman in New York. Judge Berman on Friday approved the terms of a settlement, under which UPS would pay no cash but would grant customers covered by the deal vouchers good for future UPS shipments.

Read More

UPS aims to set up first US carrier hub in China

Posted by | Jul 23, 2004 | |

United Parcel Service Inc, which has seen double digit growth in China in the past three years, is aiming to become the first US airline to set up a hub on the mainland.

A landmark aviation deal set to be signed by the US and China tomorrow will allow US carriers to establish hubs in China provided they meet certain requirements, including 72 weekly flight movements in and out of the country.

Read More

Union says UPS is too optimistic on talks

Posted by | Jul 22, 2004 | |

The labour union representing United Parcel Service’s 2,500 pilots on Thursday said the world’s largest package carrier had been “overly optimistic” about resolving a long-running contract dispute and that a near-term resolution was not in sight.

Last month, UPS and the Independent Pilots Association announced they would seek a federal mediator after nearly two years of talks had failed to produce an agreement.

Read More

UPS 2nd quarter earnings climb over 18 percent

Posted by | Jul 22, 2004 | |

UPS has reported an 18.2percent gain in net income for the second quarter on a 7.8percent increase in revenue with strong growth in its global small package business. In addition, the company raised its future guidance and expects full year 2004 earnings growth to approach 20percent.

Previously, the company’s guidance called for 2004 earnings at the upper end of a 12-to-18percent range.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest