According to the Japanese paper ‘Nihon Keizai’, UPS is planning an important
extension of its own network in Japan. The paper reports that the integrator intends to create up to 30% more jobs in Japan next year.
Paced by record international performance, UPS today reported solid gains in both revenue and net income for the fourth quarter.
The quarter also saw several non-recurring items, the most notable of which involved the final settlement of a tax dispute with the Internal Revenue Service.
Read MoreCiting the US economic recovery as the wild card in its global business, United Parcel Service projected little improvement in the first quarter of 2003.
The brightest spot for the world’s largest package deliverer remains its non-US business, which has seen operating profits more than double in the fourth quarter to $154m. That compares with a 9.1 per cent fall in operating profits in the US.
Read MoreUPS has signed an agreement with Chinese cargo airline Yangtze River Express Airlines Co. that will expand its service network in China.
The deal provides regular flights to link UPS’s gateway in Shanghai with the major Chinese cities of Beijing, Qingdao, Xiamen and Guangzhou. UPS already operates daily flights from Shanghai to major destinations in the U.S., Europe and Asia.
Read MoreUnited Parcel Service has signed an agreement with a new Chinese all-cargo carrier to handle packages for UPS within China.
The first route, expected to begin service on Thursday, will connect Shanghai with Xiamen and Guangzhou. The aircraft, a 737-300 aircraft formerly owned by Lufthansa, will then return to Shanghai.
“It’s going to let us improve delivery times by up to a day for exports out of China,” UPS spokesman John Flick said Monday.
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