Tag: USA

UPS earnings jump 23% on 18% revenue growth

Posted by | Oct 20, 2005 | |

Led by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS today reported a 17.9% increase in revenue and an adjusted 22.9% increase in diluted earnings per share. For the three months ended Sept. 30, 2005, earnings per diluted share were USD 0.86 compared to the USD 0.78 reported in the prior year. Adjusting for a tax credit that positively impacted earnings in 2004’s third quarter, diluted earnings per share rose 22.9%, up from USD 0.70 a year ago. “This has been a great quarter of growth for UPS,” said Mike Eskew, UPS chairman and CEO. “We have tremendous momentum right now in the US and around the world and we see it continuing.”

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US FedEx chief warns on EU over-regulation

Posted by | Oct 20, 2005 | |

Rigid labour markets and excessive red tape are deterring US investment in Europe and pose a “huge danger” to the continent’s economy, Fred Smith, chief executive of FedEx, has warned.

Restrictive regulations and heavy social obligations on employers made US companies, including FedEx, cautious about expanding across the Atlantic. “Most US CEOs are particularly worried about the continued proliferation of regulations that come out of the EU,” Mr Smith said.

While it is uncommon for such views to be voiced publicly, they are shared by many US chief executives who are increasingly in favour of higher-growth opportunities in Asia and the US.

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UPS set to report higher results, despite fuel costs

Posted by | Oct 14, 2005 | |

Fighting high fuel costs in the air and on the ground, UPS Inc. is still expected to report higher earnings next week when the shipper turns in its third-quarter results.

Analysts expect UPS to earn 86 cents a share, according to a consensus estimate from Thomson First Call. Revenue is forecast at USD10.369 billion. Last year, the company earned 70 cents a share, according to First Call.

Against the backdrop of high fuel prices, competition is not relenting on any front. When rival FedEx Corp. reported its first-quarter results in late September, the company raised its outlook for the fiscal year even though fuel remains volatile.

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Guaranteed expedited delivery from US to Pacific Rim now open to businesses

Posted by | Oct 11, 2005 | |

Business mailers can now benefit by using a date-certain, guaranteed delivery service to the Pacific Rim utilizing the cooperative efforts of the US Postal Service and five other world posts. Global Express Mail service with guarantee, which became available to non commercial mailers on July 25, 2005, was launched in an historic agreement among postal administrations for Australia, China, Hong Kong, Japan, the United States, and the Republic of South Korea. The introduction of this guarantee feature was an enhancement to the existing Global Express Mail service and was available, until now, to non commercial mailers only. “Global Express Mail with guarantee is an ideal solution for business mailers,” said Jim Wade, vice president of international business for the U.S. Postal Service. “It can help these commercial shippers conduct transactions in the Pacific Rim, an arena which continues to experience unprecedented growth in international trade,” he added.

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