Leading integrators DHL, TNT, FedEx and UPS need to reorganise their networks as a result of structural changes in the industry according to consulting firm Datamonitor. Despite severe cost cutting programmes, the four major integrators have all recorded a major drop in profi ts in the last quarter, largely due to significantly lower volumes as well as customers opting for cheaper alternatives, Datamonitor noted in anew report. “However, both DHL and UPS companies have gained some … [Read more...] about Leading integrators need to reorganise networks: Datamonitor
UPS
UPS, Shenzhen Customs MOU for 24/7 ops
UPS and the Shenzhen Customs authority have signed a memorandum of understanding (MOU) to seal the terms of their partnership at the soon-to-becompleted UPS intra-Asia hub, located at China’s Shenzhen International Airport. “We believe the new hub will greatly boost export developments in the Pearl River Delta region and increase the total volume of freight transportation and employment level,†said Shi Fushen, deputy director general, Shenzhen Customs Provincial HQ. … [Read more...] about UPS, Shenzhen Customs MOU for 24/7 ops
UPS opens first phase of Worldport expansion
United Parcel Service Inc. began operating the first phase of the US$1.1 billion Worldport expansion at Louisville International Airport last month. The first phase will allow UPS to expand its package-sorting capacity at the hub by 15 per cent, to 350,000 packages per hour, from 304,000 packages per hour. The second phase is scheduled to open in May 2010. A third phase will begin when the economy turns around and air freightshipping rebounds, the company said. When the total project is … [Read more...] about UPS opens first phase of Worldport expansion
UPS launches JV in Turkey
UPS has launched a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turkey and some portions of Central Asia. UPS will have a majority stake in the new venture, while Unsped Paket Servisi San ve Ticaret, its existing service agent in Turkey, will have a minority stake. “This joint venture will spearhead growth among our other service agents and … [Read more...] about UPS launches JV in Turkey
UPS sees net profit halved in Q2 from last year
UPS saw its net profit fall 49 per cent in the second quarter, to US$445 million with the company saying it expects the weak global economy to remain just as weak in the coming months. “The business environment in the third quarter should be similar to the second quarter,†UPS CFO Kurt Kuehn said. Overall revenue at UPS fell 16.7 per cent in the three months ending 30 June from the same period a year ago as volume across its domestic and international operations fell 4.7 per … [Read more...] about UPS sees net profit halved in Q2 from last year
Leading integrators need to reorganise networks: Datamonitor
Leading integrators DHL, TNT, FedEx and UPS need to reorganise their networks as a result of structural changes in the industry according to consulting firm Datamonitor. Despite severe cost cutting programmes, the four major integrators have all recorded a major drop in profits in the last quarter, largely due to significantly lower volumes as well as customers opting for cheaper alternatives, Datamonitor said in a statement. "However, both DHL and UPS companies have gained some significant … [Read more...] about Leading integrators need to reorganise networks: Datamonitor
