Some say Airborne (ABF ) is the third horse in a two-horse race between United Parcel Service and FedEx. Indeed, as No. 3 in the express delivery business, Airborne is way behind: In 2000, Airborne’s sales were $3.3 billion, vs. $29.7 billion at UPS and $18.2 billion at FedEx. But that could change: Air-cargo sources whisper that Germany’s DHL Worldwide Express has held informal talks with Airborne about acquiring a minority stake.
Read MoreUSPS needs to be “corporatized”
Read MoreUPS is to pour more than US$100m ( t117m) into expanding its Cologne hub, despite protests from environmentalists. A UPS spokesman said: “The building is being expanded to position us for the future. We are more than doubling the sort capacity from 60,000 to 135,000 packages an hour.”
Read MoreUnited Parcel Service Inc (Atlanta, GA) will expand its mail pickup service to approximately 30 major US cities by mid-2002. It introduced the service in Dallas, TX, and Atlanta, GA, in spring-2001. UPS is taking advantage of US postal rules that give customers mailing a minimum of 500 pieces at once a discount on first-class rates. UPS collects enough letters to get a discount of two cents for each 34-cent stamp. The savings are passed on to customers, but UPS charges them about $2 for each sack of mail it picks up
Read MoreUnited Parcel Service could find itself $1.8 billion richer, after a federal appeals court overturned a 1999 ruling that said UPS illegally used offshore companies as tax shelters, sending the case back to U.S. Tax Court
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
