Tag: UPS

Fedex and UPS expected to fight DHL-Airborne merger

Posted by | Mar 24, 2003 | |

FedEx Corp. and United Parcel Services are not expected to stand silently by while DHL Worldwide Express consummates its $1.05 billion takeover of Airborne.
FedEx and UPS have already pushed the Department of Transportation to look at the ownership of DHL. The companies claim that the DHL is really just an arm of the German government. “Both UPS and FedEx are going to object to DHL’s acquisition of Airborne’s ground base assets under the cover of regulatory and anticompetitive grounds,” said analyst Peter Jacobs, of Ragen MacKenzie, a division of Wells Fargo Investments,

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New UPS Service Accelerates Money Flow for International Trade

Posted by | Mar 11, 2003 | |

A new service announced today by UPS, UPS Exchange Collect, helps exporters and importers accelerate payments and reduce the risks associated with international trade transactions. UPS Exchange Collect is an easy-to-use, technology-based electronic payment option that synchronizes the movement of goods, information and funds between exporters and importers.

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Courier companies may be forced out of Mexico

Posted by | Mar 6, 2003 | |

Major express shippers like UPS, DHL and FedEx may be forced out of Mexico, reports Mexico City’s El Financiero. Mexican lawmakers are considering mandating that “natural or legal Mexican citizens” operate federal cargo, courier and express services and restricting foreign stakes in such companies. Public hearings should begin March 15.

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UPS Chairman appointed to US President's Export Council

Posted by | Feb 27, 2003 | |

Mike Eskew, the chairman and CEO of United Parcel Service, today was sworn in by President George W. Bush to the President’s Export Council.

“The President’s Export Council is the premier national advisory committee on international trade, and I know Mike Eskew will have a positive impact in his advisory role to the President,” stated Commerce Secretary Don Evans. “Twelve million American jobs depend on exports of goods and services. The President’s economic growth plan has set the course for a stronger economy that underscores the importance of trade to America’s economic growth and prosperity.”

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UPS to leave Mexico if new legislation passes

Posted by | Feb 26, 2003 | |

The US package delivery company, UPS (United Parcel Service), is considering the possibility of leaving the Mexican market if the proposed new Federal Transport Law is passed later this year. The legislation will ban foreign companies from participating this sector. UPS is currently lobbying among legislators, attempting to demonstrate that the costs of the new law will be higher than any benefits.

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