United Parcel Service, the world’s biggest package delivery and logistics company, trumped market expectations with a 3.3 per cent fall in first-quarter net income to Dollars 563m, as international business offset weaker domestic demand.
Net earnings were Dollars 0.50 per diluted share, compared with Dollars 0.51 last time, and above analysts’ average forecast, compiled by Thomson/ First Call, of Dollars 0.47 per share.
Tibbett & Britten group North America has won a multi-million dollar contract with JC Penney, an American department store retail chain.
Read MoreAirborne Express Annual Report 2001
Read MoreDeutsche Post World Net (DPWN) is not negotiating to buy Airborne Express – for the time being. An IFW source said discussions reached due diligence stage recently before breaking down, a suggestion supported by a rise above US$20 in the carrier’s US share price last month from a low point of just $9 in October
Read MoreUPS Supply Chain Solutions has added an in-house parts planning team to the service parts logistics division of its UPS Logistics Group, to help customers more accurately forecast their need for parts logistics services.
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