Tag: UPS

FedEx, UPS Challenge May Slow Deutsche Post's U.S. Expansion

Posted by | Aug 26, 2003 | |

Deutsche Post AG’s expansion in the USD50.2 billion U.S. ground and air parcel delivery market may be slowed by a regulatory review sought by United Parcel Service Inc. and FedEx Corp., which dominate the U.S. market.

A U.S. judge today begins a hearing to determine whether Astar Air Cargo Inc., a Miami-based airline that flies for Deutsche Post’s DHL unit, violates a law barring foreign control of a carrier. UPS and FedEx lobbied for the Transportation Department hearing, required by a law signed by President George W. Bush four months ago. The judge’s decision, due by Dec. 1, may result in Deutsche Post having to change the way it does business in the U.S.

A win by UPS, the world’s largest package-delivery company, and FedEx, the largest overnight-delivery company, would slow or raise costs for Deutsche Post’s advance in the U.S., the biggest delivery market, said Brian Clancy, principal at MergeGlobal Inc., a freight-consulting firm in Arlington, Virginia.

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Vietnam Post and UPS set up joint venture

Posted by | Aug 20, 2003 | |

Vietnam’s largest telecom business, the Vietnam Post and Telecommunications Corporation (VNPT), and the United Parcel Service Inc (UPS) of the United States have signed a contract to form a joint venture.

Under the contract, the two sides will jointly deliver information, goods and funds to over 200 countries and territories worldwide covered by the UPS global service network. For the time being, Vietnam will be included in the UPS global air delivery network.

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UPS board boosts dividend, stock buyback authorization

Posted by | Aug 14, 2003 | |

The Board of Directors of UPS has approved a second increase in six months in the company’s quarterly dividend, raising the cash payout from 21-cents to 25-cents per share on all outstanding Class A and Class B shares.
The latest increase amounts to a 19% boost. Since the beginning of 2003, the Board has increased the quarterly dividend by 32%, up from 19-cents per share.

The dividend is payable Sept. 9, 2003, to shareholders of record on Aug. 25, 2003.

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Matsushita assists distribution plan for UPS U.S. deliveries

Posted by | Aug 13, 2003 | |

Matsushita Electric Industrial Co. said it has created, with United Parcel Service Inc., a distribution system for U.S.-bound electronic components. The new system will enable Matsushita to deliver its parts to its more than 250 U.S. corporate clients within three days after an order is placed, compared with the current five to six days, a Matsushita spokesman said.

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