Tag: UPS

UPS, FedEx turn to US post office

Posted by | Nov 6, 2003 | |

United Parcel Service and FedEx Corp. are taking advantage of a U.S. Postal Service discount for package consolidators to steal away some of the post office’s biggest customers. Atlanta-based UPS on Thursday launched UPS Basic, a low-cost delivery service that will have the U.S. Postal Service making final deliveries of some of its packages. The new program is targeting mail-order merchants, who are some of the post office’s biggest customers due to its cheaper rates compared to UPS or competitor FedEx Corp. FedEx, based in Memphis, has mounted a furious assault on the ground delivery market, and is in the middle of a test with the postal service with an eye to adding a low-end delivery offering.

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UPS Builds Platform for Profitable Growth

Posted by | Oct 30, 2003 | |

UPS expects to grow significantly next year and into the future because of a strategy of building capabilities to synchronize global commerce, company executives said. It is doing so by streamlining its domestic operations, extending the reach of its highly integrated international network and expanding its capability to manage complex supply chains. Earnings in 2004 should grow between 12-to-18%. By 2007, when UPS celebrates its 100th anniversary, all three of its operating segments should be delivering profit margins over 15%, said UPS Chief Financial Officer Scott Davis.

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UPS teams up with US Postal’s Parcel Select

Posted by | Oct 30, 2003 | |

United Parcel Service is to introduce a customised service combining its ground delivery service with the US Postal Service’s Parcel Select.

UPS will use Parcel Select for deliveries up to five pounds, primarily to rural or super-rural areas. After moving these packages through its ground network, UPS will identify those for delivery to the rural areas and hand them over to the local post office for final delivery.

Industry insiders have suggested that FedEx might announce a similar partnership soon.

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USPS, UPS plan rural offering

Posted by | Oct 29, 2003 | |

United Parcel Service will offer a customized service that combines its ground delivery service with the U.S. Postal Service’s Parcel Select, possibly resulting in lower rates for mailers using UPS.
UPS will use Parcel Select for deliveries up to five pounds, primarily to rural or super-rural areas. Customers will give their packages to UPS, which will move them through its ground network. UPS will separate out the packages that are to be delivered to the rural areas and turn them over to the local post office for final delivery.

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UPS reports nearly 28% jump in third quarter profit

Posted by | Oct 21, 2003 | |

United Parcel Service, the world’s largest shipping carrier, reported a nearly 28% jump in third-quarter profit on strong revenue, citing better domestic business, particularly in next-day air volume. The results beat Wall Street expectations.

Atlanta-based UPS said it earned $739 million, or 65 cents a share, for the three months ending Sept. 30, compared with a profit of $578 million, or 51 cents a share, for the same period a year ago.

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