Tag: Worldwide

Epps Retires as President of The UPS Foundation. Lisa Hamilton named successor

Posted by | Feb 14, 2007 | |

UPS announced the appointment of Lisa Hamilton, a Public Affairs manager in Washington, D.C., as the next president of The UPS Foundation, succeeding the retiring Evern Cooper Epps.

Hamilton will take the reins of The UPS Foundation in March. A native of Atlanta, she earned a BS degree in Commerce from the University of Virginia and a Juris Doctor degree from the University of Michigan. She has been with UPS for 10 years and before her current post, served as The UPS Foundation’s program director.

Founded in 1951 and based in Atlanta, The UPS Foundation donates more than USD 45 million annually to charitable organizations worldwide. The UPS Foundation’s major initiatives include programs that support global volunteerism, literacy programs and hunger relief. In recent years, the company has focused on expanding its philanthropy and volunteer programs outside the United States in tandem with the company’s business expansion.

Epps, a native of Detroit, joined UPS 32 years ago and has served as president of The UPS Foundation since 1998. Only the fourth president in the Foundation’s 55-year history, she has guided the organization through a period of significant growth and change.

During her tenure, The UPS Foundation focused its giving into three primary areas: volunteerism, hunger and literacy.

Read More

DHL will go ‘All the way’ in its new India push

Posted by | Feb 11, 2007 | |

DHL, the international express and logistics brand, has big-beam plans for the new-tiger markets of India and the Asia-Pacific Rim. Part and parcel of these ambitions is its new Asia-Pacific-specific ad campaign that the company will be unwrapping soon here, with the tag line: “All the way”. This replaces their ad sign-off: “No one knows Asia-Pacific like we do.”

The three TV spots called “CEO,” “Patience” and “Waiting” are created by Ogilvy & Mather, Singapore, and aims to deliver three edges for the DHL brand: easy to deal with, knowing and rewarding DHL customers, and innovative products and services.

Read More

USPS reports first quarter results

Posted by | Feb 9, 2007 | |

USPS reported a Fiscal Year 2007 first quarter loss of USD2.7 billion due to the accelerated funding of retiree health benefits mandated by the Postal Accountability and Enhancement Act signed into law on Dec. 20, 2006. The law requires the Postal Service to substantially fund its share of these benefits by 2017. Operationally, the Postal Service would have otherwise achieved a net income of USD1.2 billion, in line with its first quarter financial plan.

Revenue for the first quarter (ending December 31, 2006) was USD19.7 billion, an increase of 6.4 percent over the first quarter last year. This increase was driven by a 2.3 percent increase in mail volume. Standard mail volume grew by 4.9 percent. First-Class Mail volume for the quarter was virtually flat in relation to the first quarter the previous year.

Total Factor Productivity (TFP) increased by 1.9 percent over the first quarter of last year-the highest in the last eight quarters. TFP measures the relationship between workload and resource usage. The first quarter gain in productivity was driven by larger than expected growth in revenue and volume.

The new postal law eliminates the escrow previously required under Public Law 108-18 and reduces USPS payments into the Civil Service Retirement System (CSRS). The USD3 billion in cash – that the Postal Service placed in a federally mandated escrow account in FY 2006 – is now designated to fund retiree health benefits. Generally Accepted Accounting Principles (GAAP) dictate the USD3 billion be reported as an expense in the quarter in which the law was enacted.

Read More

UPS board boosts dividend

Posted by | Feb 8, 2007 | |

The Board of Directors of UPS citing its confidence in the company’s financial position and prospects for growth, today increased the quarterly dividend to USD0.42 per share from USD0.38 per share on all outstanding Class A and Class B shares.

The dividend is payable March 6, 2007, to shareholders of record on Feb. 20, 2007.

UPS now has increased its dividend five times in the past four years, doubling the quarterly payout from the USD0.21 per share declared in February 2003. UPS has either increased or maintained its dividend every year for more than three decades.

The Board also voted to increase to USD2 billion its authorization for the repurchase of Class A and Class B shares.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


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.

Subscribe to the Magazine

 

Pin It on Pinterest