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
UPS
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
UPS signs Shenzhen Customs agreement for new China hub
UPS and the Shenzhen Customs authority signed a memorandum of understanding (MOU) today to seal the terms of their partnership at the soon-to-be-completed 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 signs Shenzhen Customs agreement for new China hub
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 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 cent. But on … [Read more...] about UPS sees net profit halved in Q2 from last year
UPS launches new critical parts fulfillment system
UPS has announced the launch of a new Web-based system that manages global service orders and inventory for critical parts fulfillment. The UPS Post Sales Order Management System (OMS) allows companies located anywhere in the world to quickly assess their critical parts inventory, determine the most optimal routing strategy to meet customer needs, place orders online and track parts from the warehouse to the end user, UPS said in a statement. UPS said the new order management system was ideal … [Read more...] about UPS launches new critical parts fulfillment system
UPS expands its field stocking network in Asia
UPS announced plans this week to boost its global post sales service options by expanding its field stocking location (FSL) network in India and by establishing an Asia Post Sales Customer Support Centre in Clark, Philippines. UPS network of field stocking locations provides critical logistics support to companies that must respond quickly to customer service needs, such as high-tech electronic firms, the US-based express logistics company said. UPS will expand its presence in India with … [Read more...] about UPS expands its field stocking network in Asia
