UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year '08 profit
UPS
US small-business optimism revealed in UPS survey
Despite the steady stream of grim economic news, a large majority of US small-business owners are optimistic about their company's financial future, according to two nationwide surveys sponsored by UPS. In the first UPS Business Monitor United States, conducted between September and October last year, 91 per cent of small-business owners or managers said they expect their company to be in the same or better financial shape in a year than it is today. A follow-up survey, conducted in mid-December … [Read more...] about US small-business optimism revealed in UPS survey
UPS said to be cuting NCA loose in favour of ANA
UPS is said to be teaming up with All Nippon Airlines (ANA), as it cuts its links with Nippon Cargo Airlines (NCA). According to press reports from Japan, the agreement between the two calls for ANA to carry cargo to Asian destinations for the integrator, while UPS gives the carrier space on its flights to North America and Europe. UPS currently has a similar deal with NCA, which is due to expire at the end of March, when the partnership with ANA is due to begin. "Due to changes in the business … [Read more...] about UPS said to be cuting NCA loose in favour of ANA
UPS plans new Calgary express hub
Express carrier UPS plans to open a new distribution center at Calgary International Airport in October, 2009. The company's Canada subsidiary will construct a C$26-million, 150,000-square-foot distribution facility to handle import, export and Canadian domestic shipments. The center will allow UPS to double its package processing capability for growing volume moving through Alberta province. Since 2003, UPS has seen a 60-per cent increase in the volume of orders from the greater Calgary area, … [Read more...] about UPS plans new Calgary express hub
UPS ups rates by average 4.9%
US-based freight forwarder UPS will increase its domestic and ex-US freight costs between six and seven per cent from January next year. The general rate increase for packages will average around 5.9 per cent for 2009. Packages bound for destinations outside the US will have an average increase of 4.9 per cent. The rate hike for air express and international shipments is based on a 6.9 per cent rise in the base rate, less a two per cent decline in the air and international fuel surcharge … [Read more...] about UPS ups rates by average 4.9%
India: Cargo carriers may get to do own Indian handling
India’s civil aviation ministry may allow cargo carriers like Blue Dart and UPS to do their own ground handling at airports. Th is is a result of a recent representation by Blue Dart, the country’s largest operating cargo carrier, against a new ground handling policy which will come into effect in airports from 1 January, 2009. The representation criticised the proposed policy, saying it ignores the needs of express cargo services which require special handling and would only be … [Read more...] about India: Cargo carriers may get to do own Indian handling
