Tag: USA

UPS tries to boost delivery to investors Parcels group has struggled to integrate acquisitions and justify its strategy since going public

Posted by | Nov 28, 2006 | |

There have been few better investments than the Dollars 100 of borrowed cash that Jim Casey, a 19-year-old entrepreneur, used to buy twotelephones and a fleet of bicycles in 1907.

Nearly a 100 years later, the messenger service he founded from a tiny Seattle office has grown into the world’s largest parcel courier, with a market capitalisation of Dollars 85bn and operations in more than 200 countries. But as United Parcel Service approaches its centenary, the group’s investment appeal is no longer so clear.

In the seven years since UPS went public, its shares have struggled to gain momentum, rising 30 per cent compared with a near tripling in those of FedEx, its biggest rival.

Asked at an investor conference this month whether UPS would have been better remaining private, Scott Davis, chief financial officer, replied: “No comment”.

Investors’ lukewarm attitude towards UPS, known as “Big Brown” after the colour of its trucks, in part reflects the sluggish growth of its mature domestic business, which has lost market share to FedEx. But the biggest source of caution is the group’s expansion beyond parcels into a broader range of supply chain services.

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DHL launches North America trade lane initiative

Posted by | Nov 28, 2006 | |

DHL today announced a new program that will streamline cross-border shipping in North America.

DHL’s North America Trade Lane initiative represents a new way of looking at the rapidly changing needs of cross-border shippers in North America. DHL developed the program to help customers better address the ever-changing needs of global commerce. To that end, DHL is adapting its networks, infrastructure and services to better match customers’ evolving supply chains. The program includes:

– enhancements to DHL’s facilities, fleet and other infrastructure, including new International Gateways and expanded “Border Operating Centers” (BOC);

– additional bilingual customer service representatives to help customers navigate the regulatory aspects of cross-border shipping; and

– additional representatives to help customers with cross-border shipping solutions.

Canada and Mexico together represent nearly USD300 billion a year in export business to the United States, and are the first- and third-largest trading partners for the U.S., respectively. The U.S. is also the leading trading partner for each country.

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UPS CapitalSM expands role in small business lending

Posted by | Nov 28, 2006 | |

Continuing its commitment to small businesses, UPS CapitalSM, the financial services arm of UPS, has become one of the nation’s top lenders under the government-guaranteed 7(a) loan program of the U.S. Small Business Administration (SBA).
For the SBA’s fiscal year ended Sept. 30, 2006, UPS Capital Business Credit, a unit of UPS Capital, facilitated 304 SBA 7(a) loans valued at USD190.7 million. That activity puts UPS Capital Business Credit among the SBA’s top 15 lenders as measured by dollar value. Compared with fiscal 2005, UPS Capital Business Credit’s SBA activity in 2006 increased more than 22 percent in both the number and dollar value of loans facilitated.

UPS can offer solutions to small businesses that combine financial services with the company’s core package shipping and supply chain capabilities. One beneficiary of this comprehensive portfolio is TrueWave, LLC, a producer of high-end audio equipment under the brand name Wadia.

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Shippers prepare for the seasonal rush of packages

Posted by | Nov 27, 2006 | |

UPS plans to ramp up its Inland Empire operations for the shopping season.

The package shipper will hire 900 additional workers for its San Bernardino, Ontario, Riverside, Temecula, Barstow, Blythe, Victorville and Yucca Valley operations, UPS spokeswoman Page Dossey said.

DHL will deliver more than 2 million packages on its peak day in the United States, Dec. 20.

DHL hired hundreds of part-time package handlers to help meet the holiday demand, said John Cameron, DHL USA executive vice president of operations, in a Nov. 21 release. DHL added 300 daily truck routes and 63 new domestic flights a week to its regular network schedules for the holiday rush.

DHL employs 300 people at its 262,000 square-foot, USD70 million West Coast distribution center located at March Air Reserve Base in Riverside.

FedEx will extend employee hours to meet the holiday package delivery demand, spokesman Matt Ceniceros said in a previous interview.

FedEx likely will hire a small number of temporary package handlers for its ground operations to meet the holiday demand, he said.

Headquartered in Memphis, Tenn., FedEx employs more than 260,000 people.

FedEx will handle 9.8 million packages on Dec. 18. That will be the most packages FedEx has handled on a single day since it was founded in 1973.

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DHL expands operations in Charlotte, North Carolina

Posted by | Nov 27, 2006 | |

DHL today announced plans to expand its Charlotte, NC operations by moving to larger facilities located near Charlotte International Airport and U.S. Customs.

The 52,000 square-foot site, located at 4925 Sirona Drive, Suite 300, Charlotte, NC 28273 combines the now-integrated operations of DHL Danzas Air & Ocean and Exel Freight Management, each of which previously did business at separate locations in Charlotte. Open for business December 4, the new facility will house DHL Global Forwarding’s Charlotte-based air and ocean freight forwarding, customs brokerage and warehousing operations. The new site will be more than twice the size of the company’s current operation.

By being situated closer to the airport and customs facilities DHL will be able to expedite shipment handling and collection of air and ocean shipments moving to and from the United States, as well as the processing and clearance of customer goods entering the country. Charlotte is the company’s only station in the Carolinas to handle both international air and ocean consignments.

The new site will also have 38,000 square feet of warehouse space–more than twice the capacity of the existing building.

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