Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
UPS
UPS names Canavan new president of UPS Airlines.
UPS has named Brendan Canavan, a 33-year UPS veteran, the new president of UPS Airlines. Canavan replaces Mitch Nichols, who was promoted to senior vice president of transportation and engineering. Most recently, Canavan served as president of UPS Asia Pacific for the past two years. Based in Singapore, Canavan was responsible for all UPS operations in the region. … [Read more...] about UPS names Canavan new president of UPS Airlines.
UPS opens Hangzhou healthcare facility
UPS has announced the official opening of its new healthcare facility in Hangzhou, China. The move represents a major expansion of its Asia healthcare distribution network. "China represents one of the most important markets for UPS and our customers," said Jim Barber, UPS International president. "To capture this growth of consumer demand in healthcare, as well as increase presence in China, we are investing in bringing the best-in-class solutions to our customers." The Hangzhou facility … [Read more...] about UPS opens Hangzhou healthcare facility
UPS: Continued slow growth for 2011
UPS: Continued slow growth for 2011 United Parcel Service (UPS) posted a third-quarter consolidated net income of US$1.04 billion, up five per cent from $991 million year-over-year. UPS chairman and CEO Scott Davis attributed the results to a “deceleration in exports from Asia and a challenging global economic environment.” Operating revenue rose eight per cent to $13.2 billion from $12.2 billion while operating expenses increased 9.2 per cent to $11.55 billion, producing an … [Read more...] about UPS: Continued slow growth for 2011
Cargo fire suspected in crash of UPS freighter
Investigators looking into last week's crash of a United Parcel Service Inc. (UPS) B747-400 freighter in Dubai are zooming in on the possibility that a fire started in the cargo hold touching off a chain of events that led to the aircraft to crashing into an uninhabited portion of military compound in the Emirate. The freighter approached the airport too fast and too high to attempt a landing, cruised overhead and short66ly afterward crashed, killing both pilots. The cockpit was reportedly … [Read more...] about Cargo fire suspected in crash of UPS freighter
New UPS distribution centre in Calgary
UPS has announced the opening of its new $30 million distribution centre at the Calgary International Airport (YYC), to provide businesses with direct access to the US and international markets. The facility will be central to the continued growth of Alberta's economy, allowing local businesses to tap into global growth markets such as China, India and Mexico, UPS said. "The rise of middle classes in China and India offers great potential to businesses in the Calgary area," said Mike Tierney, … [Read more...] about New UPS distribution centre in Calgary
