Tag: UPS

US airlines bill seeks curb on foreign owners

Posted by | Jun 17, 2003 | |

Congress is considering legislation that would reinforce restrictions on foreign ownership of US airlines, in an attempt to ensure business for US carriers.

The Senate spending bill for the Federal Aviation Administration (FAA) includes language that would specify that US carriers should be controlled by US citizens.

The move comes as DHL Airways, part-owned by Deutsche Post, tries to convince the Department of Transportation (DOT) that it is not “effectively” foreign-owned. “If the present arrangement is allowed to stand, the Department of Transportation will set a precedent that allows foreign governments to compete with US companies for business which, by statute, is reserved to US carriers,” said Ted Stevens, the Alaska Republican who sponsored the language in the Senate bill.

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DOT begins review of DHL Airways

Posted by | Jun 17, 2003 | |

One month after Deutsche Post World Net announced plans to acquire the ground operations of Seattle-based Airborne Express Inc., shoe and apparel maker Nike Inc. informed United Parcel Service it was switching to the German delivery giant to move its European shipments.

According to UPS officials, Nike said it changed logistics companies because Deutsche Post offered rates 10 percent below those of UPS.

The loss of the $8-million account for standard, express and return logistics service adds fodder to the battle between global logistics integrators UPS, FedEx and Deutsche Post for global market share and access. And it reinforced the belief held by the U.S. integrators that Deutsche Post’s low package rates are being subsidized by its postal business and other state aid.

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UPS Jetair to offer trade finance

Posted by | Jun 14, 2003 | |

UPS Jetair Pvt Ltd — a 60:40 joint venture between United Parcel Service (UPS) and Jetair — is set to introduce an electronic payment facility that promises to simplify financial transactions in international trade.

The trade finance facility called Exchange Collect was developed by UPS — the largest package distribution company in the world. It reduces the risks of dealing with new or unknown customers, and ensures that an exporter receives payment within 10 days of delivery.

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Computerworld ranks UPS among best places to work in technology

Posted by | Jun 13, 2003 | |

In a significant jump from the previous year, UPS has been ranked No. 20 on the 2003 list of “Best Places to Work in IT” by Computerworld magazine.

The ranking, up from No. 60 in 2002, cited UPS for increased employee satisfaction, proper training and development and the use of modern technologies that offer employees exciting challenges. The magazine published the results in its June 9 issue.

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UPS to buck economic trend and expand in Japan

Posted by | Jun 12, 2003 | |

Despite the current volatility of the economic climate, United Parcel Service Inc., the world’s largest package delivery company, will actively expand operations in Japan, according to the head of UPS Asia Pacific Region. Although the domestic economy has been in the doldrums for some 10 years, Kenneth Torok, president of UPS Asia Pacific Region, believes it will rebound.

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