Tag: UPS

UPS have announced the launch of Quantum ViewSM Manage, a technology application that allows UPS small package shippers to more easily monitor package movements within their supply chains and use that information to improve service to their customers. Quantum View Manage is a Web-based application that allows shippers to view shipment information for multiple accounts without a tracking number – easily seeing when a package is processed, in transit or when it arrives – or if and why it is delayed.

Led by strong volume gains both in the United States and overseas and significant margin improvement within its international operation, UPS has reported a 19% jump in adjusted net income for the fourth quarter after excluding certain items that affect the year-ago comparison. The quarter’s performance capped a record year for volume. UPS delivered 3.44 billion packages in 2003, or an average 13.64 million per day.

UPS has said that fourth-quarter sales improved from last year as the recovering economy led to greater demand for the shipping giant’s services.

Shares of UPS closed up 7 cents at USD72.51.
Fourth-quarter earnings totaled USD856 million, or 75 cents per share, down from its year-ago profit of USD1.5 billion, or USD1.32 per share. The year-ago fourth quarter included a net gain of USD832 million as a favorable settlement with the IRS offset a restructuring charge. Excluding items, UPS earned USD670 million, or 59 cents per share, in last year’s equivalent period.