UPS Unveils Exciting Expansion in Services for Global Shippers;
24 May 2002. UPS has announced the acquisition of 7 regional Brokerage & Forwarding operators in parallel to the Fritz acquisition
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UPS Teamsters Vote to Strike
The Teamsters voted overwhelmingly to strike if contract negotiations fail with United Parcel Service Inc.
Preliminary results show 93 percent of the UPS Teamsters who voted during weekend balloting support a walkout if an agreement is not reached, union spokesman Bret Caldwell said
Read MoreTaiwan Express, Cargo: Upbeat Forecast
Major air cargo and express multinationals in Taiwan have given upbeat forecasts for their businesses this year. Firms with operations in Taiwan including DHL Corp. (X.DHL), Federal Express Corp., United Parcel Service Inc. (UPS) and TNT Global Express, Logistics & Mail said in the first quarter on average their business grew 30%. They added business is expected to grow 25% in the second quarter and rise between 35%-40% in the third and fourth quarters. The firms said the reason for the upbeat outlook stems from a warmer economic relationship across the Taiwan Strait as Taiwan firms send orders to their China plants for production.
Read MoreYamato Transport (Japan) Has Record Year
Yamato Transport Co, Japan’s top parcel delivery firm, posted a record net profit for the business year just ended thanks to its growing home delivery service and said it would mail in another record for 2002/03.
Read MoreUPS Annual Report 2001
UPS Annual Report 2001
Read MorePost & Parcel Magazine
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