Tag: UPS

UPS 1st quarter earnings rise 24percent on strong revenue growth

UPS has reported an 11.3percent increase in revenue and a 24percent gain in net income for the first quarter, reflecting strong results in all three business segments. Scott Davis, UPS’s chief financial officer, pointed to three highlights for the quarter including an increase in average U.S. ground and air volume of nearly 600,000 packages a day, or 5percent; a doubling of international profit to USD269 million, and double-digit revenue growth in the UPS Supply Chain Solutions unit.

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Blasting US Express Barriers

The U.S. International Trade Commission found that in addition to postal competition, U.S. express delivery companies are impeded abroad by unfair postal competition, inefficient customs practices, costly restrictions and tough barriers against entering new markets in the first place.”We believe this study, which highlights the importance of reducing foreign barriers to express delivery services, now can be used by U.S. negotiators in ongoing and future trade negotiations to obtain strong commitments for our industry,” UPS spokesman David Bolger said.

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Pharmaceuticals – Chilled from start to finish

Monitoring the necessary temperature throughout a drug’s total life cycle has become critical to the movement of pharmaceuticals, especially clinical trial products.
Regulatory policies worldwide increasingly require manufacturers to produce complete audit trails recording where a drug was made, with what ingredients, where it was stored and for how long, and where, when and how it was delivered.

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UPS highest in delivery customer satisfaction

UPS ranks highest in business customer satisfaction for domestic air, ground and international delivery, according to the J.D. Power and Associates 2004 Small-Package Delivery Service Business Customer Satisfaction Study(SM). This study is based on 913 telephone interviews with shipping managers and other business personnel at U.S. businesses that have at least 10 employees at a specific location and spend USD10,000 or more annually to ship small packages (up to 150 lbs.). UPS performs particularly well in all three segments in the areas of shipping and delivery, delivery drivers, delivery tracking and communication.

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Express industry welcomes release of ITC study

The Air Courier Conference of America (ACCA) welcomed the release of a study on the express delivery services industry by the U.S. International Trade Commission (ITC). The report concluded that U.S.-based express delivery services suppliers encounter a range of trade barriers in foreign markets and that initiatives such as postal reform, trade negotiations, and improvements in customs practices could improve the industry’s competitiveness in foreign markets.

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