Tag: UPS

Deutsche Post CEO Faces U.S. Challenge Amid Expansion

Posted by | May 6, 2003 | |

Deutsche Post AG Chief Executive Officer Klaus Zumwinkel’s plan to boost earnings by expanding the German postal service in the $65 billion U.S. delivery market may be dealt a blow by United Parcel Service Inc. and FedEx Corp. Zumwinkel, 59, in March offered USD1.05 billion to buy Airborne Inc. to establish a ground network in the U.S. and diversify revenue streams as earnings growth at home slows. The purchase by Deutsche Post, in which the German government has a 70% stake, needs U.S. regulatory approval and comes amid a Department of Transportation inquiry into complaints from rivals United Parcel and FedEx about German control of DHL Airways Inc. `The situation in the U.S is a problem for Deutsche Post,’ said Reinhard Niebuhr, who helps manage the equivalent of about USD5.6 billion at AMB Generali in Cologne, Germany. “The large competitors there are trying to push Deutsche Post out.”

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UPS Named ‘Most Innovative Company’ By American Business Awards

Posted by | May 1, 2003 | |

UPS received the inaugural American Business Award for “Most Innovative Company” for the technological advancements of its WorldportSM global air hub in Louisville, Ky. UPS was selected from 18 finalists for its outstanding leadership, innovation, perseverance, creativity, teamwork and integrity at companies of all sizes.

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UPS Ready For Your "House Calls"

Posted by | Apr 30, 2003 | |

UPS has become the first package delivery company to broadly offer occasional shippers working in small offices or at home same-day pickup service for ground parcels, not just air express. The new UPS service, named On-Call PickupSM, allows a busy business owner, for example, to use the Internet or telephone to schedule a pickup of any type package either on the same day or on a future date, should they be unable to leave the office. The service is priced economically and requires only that a customer use “MyUPS.com” on the Web to prepare the package.

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Franchisees Sue UPS Over Conversion to UPS Store

Posted by | Apr 29, 2003 | |

A group of Mail Box Etc. franchise owners have filed suit in California state court alleging that United Parcel Service Inc. is violating state franchise laws. Two years ago, UPS bought Mail Boxes Etc. and this year the Atlanta-based shipping company offered franchise holders discounts on shipping services if they would rename their outlets “The UPS Store” and agree to other operating changes. The suit filed April 25 in California Superior Court in Los Angeles alleges that UPS violated the California franchise investment law by failing to properly register the new franchise and provide store operators with a uniform franchise offering. It also alleges that UPS made “earnings claims” about The UPS Store without providing franchisees with the backup and disclosure required by California law.

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International and Non-Package Segments Drive UPS 1st Quarter Results

Posted by | Apr 22, 2003 | |

UPS today reported solid first quarter results driven by its international and non-package businesses, with both segments generating strong revenue growth and record-setting profits. For the quarter ended March 31, 2003, revenue totaled USD8.02 billion, up 5.8% from the USD7.58 billion reported during the prior-year period. Consolidated operating profit fell 0.2% to USD945 million. Net income increased 24.4% to USD611 million compared to the prior year’s USD491 million.

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