Tag: USA

Potter selects Ainsworth as Vice President

Posted by | Feb 5, 2007 | |

USPS Postmaster General Jack Potter announced the selection of Kathleen Ainsworth as Vice President, Delivery and Retail. In her new role, she is responsible for delivery, retail and vehicle operations involving nearly 37,000 Post Offices, stations and branches. Ainsworth began her career as a mail handler in Missoula, Montana, in 1974. She later served, among other positions, as San Francisco Division Controller, San Francisco District Post Office Operations Manager and Eastern Area Finance Manager. She was named Northern Ohio District Manager in 2000.

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USPS name Kingsley as Senior Vice President

Posted by | Feb 2, 2007 | |

Postmaster General Jack Potter announced today that Linda Kingsley, Vice President of Strategic Planning since 2003, will be serving in the new position of Senior Vice President, Strategy and Transition.

In her new role, Kingsley will retain responsibility for the development, coordination and tracking of plans and analyses that contribute to the establishment of the Postal Service’s strategic goals. In addition, with the recent enactment of the first comprehensive new postal law since 1970, Kingsley and her new organization have a lead role in identifying, planning and managing the timelines and processes necessary for the successful and timely implementation of the new law’s provisions. In this regard, the Strategy and Transition group will serve as the primary liaison among all functions with roles in this critical and complex process, contributing to maximum levels of integration, cooperation and success.

“The Postal Service has entered a period of accelerated transition. This will require flexibility, innovation and focus to continue achieving our transformation goals within the context of the significant changes required by the new postal law,” said Potter. “We have an enormous responsibility to do our part in achieving the law’s goals of putting the Postal Service on a firm financial footing for the future, preserving universal service at affordable rates, with price increases tied to the rate of inflation. Linda’s new position is intended to help us accomplish that.”

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UPS hits US 'bump in the road'

Posted by | Jan 31, 2007 | |

UPS has warned it faces a “challenging year” in the US as the slowing domestic economy puts the brakes on parcel shipments.
Shares in the group were down more than 3 per cent yesterday afternoon after it issued lower-than-expected earnings guidance for 2007 and said the year had started slowly in the US.
But Scott Davis, chief financial officer, remained “bullish” about the long-term outlook, predicting that the US slowdown would prove short-lived.
Mike Eskew, chief executive, said domestic weakness would be offset by continued strength in international business this year, predicting that global trade would remain robust.
Surging international shipments, particularly from Europe and Asia, helped lift fourth-quarter net profits by 7.5 per cent, in spite of weaker-than-expected US volumes in the peak shipping season before Christmas.
UPS has invested heavily in its international network over the past decade to take advantage of soaring cross-border trade and reduce dependence on the mature US market.
UPS is building a new Asian hub in Shanghai, China, and last year completed a Dollars 135m expansion of its European hub in Cologne, Germany, almost doubling capacity.
International revenues rose 10 per cent in the fourth quarter, compared with a 4 per cent increase in domestic business.

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UPS profit is up. Slower Growth Seen

Posted by | Jan 31, 2007 | |

United Parcel Service Inc. reported a 7.5 percent increase in fourth-quarter earnings yesterday, but said that profit growth would slow this year.

Shares of United Parcel fell 95 cents on the news, closing at USD72.70.
Net income rose to USD1.13 billion, or USD1.04 a share, from USD1.05 billion, or 95 cents, in the period a year earlier, the company said yesterday. Sales increased 5.6 percent, to USD12.63 billion.

United Parcel said profit growth would lag behind last year’s 11.2 percent rate because slowing industrial production would curb high-margin air shipments.

U.P.S.’s 2007 forecast calls for profit of USD4.10 to USD4.25 a share, compared with last year’s USD3.86. That would be an increase of 6.2 percent to 10 percent.

The company’s fourth-quarter results matched forecasts for earnings of USD1.04 a share, the average of 15 analyst estimates compiled by Bloomberg. Analysts had estimated 2007 earnings of USD4.30 a share.

“We are expecting the first half of the year to be somewhat flat,” the chief financial officer, D. Scott Davis, said. “It’s just a moderating economy that we expect to get back on trend by the end of 2007, early 2008.”

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