Tag: UPS

DOT order limits scope of DHL inquiry

Posted by | Jul 31, 2003 | |

The U.S. Department of Transportation issued a decision that had something for everyone in the controversial DHL Airways case, which pits the world’s express giants against each other. In a victory for Deutsche Post World Net, owner of DHL International, the DOT ordered the administrative law judge conducting the inquiry to focus solely on the current ownership of DHL Airways, now Astar Air Cargo.

But in a victory for FedEx and United Parcel Service, the DOT dismissed Astar’s motion to terminate the entire proceeding.

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UPS wants to sign confidential NVO contracts

Posted by | Jul 28, 2003 | |

United Parcel Service has filed a petition seeking the right to sign confidential contracts for its ocean delivery services, a move that strikes at the heart of the 1998 Ocean Shipping Reform Act. In its petition to the Federal Maritime Commission, which under OSRA has broad authority to review and grant such exemptions, UPS argues that its request for confidential contracting is consistent with the legislative intent of the law.

Under current law, companies that own vessels are permitted to engage in confidential contracting. However, companies like UPS that are classified for the purposes of ocean transport as non-vessel operating common carriers, must make their rate structure known through the publication of tariffs.

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Sinotrans and UPS joint venture

Posted by | Jul 25, 2003 | |

Sinotrans Ltd, a Chinese freight forwarder, will procure a 50 percent stake in a joint venture with United Parcel Service.

Sinotrans said it will pay US$652,200, through its 70 percent-owned unit Shanghai-listed Sinotrans Air Transportation Co Ltd (Sinoair), for the stake from its controlling shareholder, state-run, China National Foreign Trade Transportation Group, Corp.

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Garmin International buys UPS subsidiary for US$38 million

Posted by | Jul 25, 2003 | |

Garmin International Inc., in its first major acquisition, said on Thursday that it had agreed to buy a subsidiary of United Parcel Service Inc. for $38 million in cash.

UPS Aviation Technologies Inc. designs and makes communication, navigation and surveillance products for the general aviation and air transport industries. The company, based in Salem, Ore., employs about 150 people, including 50 engineers.

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UPS 2Q – comments

Posted by | Jul 22, 2003 | |

Please find our initial thoughts on UPS quarter just reported as well as a grid comparing volume and yield growth by product vs. last quarter and our expectations for the quarter.

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