All UPS articles – Page 5
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News
Five forwarders continue to lead online sales charge
Freight forwarders have improved their ability to provide instant quotes digitally, but this is led by the same group of five companies with others lagging behind.The latest annual mystery shopper report from booking portal Freightos showed that its research showed that more than 25% of digitally requested quotes were provided ...
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UPS sees revenues and profits increase as vaccine operations get underway
UPS posted increased revenues and operating profits in the fourth quarter of 2020 last year, as it started to transport coronavirus vaccines around the globe in the same period.The company's fourth-quarter 2020 consolidated revenue increased to $24.9bn, a 21% increase from the same period 2019.Adjusted net income was $2.3bn, 26.4% ...
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Hope Consortium adds more forwarders to Covid-19 vaccine distribution efforts
More freight forwarders have joined the Hope Consortium, a UAE-based public-private partnership, to support the distribution of Covid-19 vaccines across the globe.The latest partners are Bolloré Logistics, CEVA Logistics, DB Schenker, DHL, FedEx Express, MICCO Logistics, RSA Global and UPS.The collaboration of leading freight forwarders continues to "cement the credibility ...
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Forwarders say new US cargo security programme is a quick fix
US forwarders have warned that plans for a new US air cargo security programme could be a quick fix benefiting only a select few.Last Wednesday, the US Transportation Security Administration (TSA) met with air cargo stakeholders to outline proposals for a new security regime in line with incoming International Civil ...
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Supply chains set to swing into action as Europe approves vaccine
European pharma supply chains are set to swing into action after the European Medicines Agency approved the use of the Pfizer-BioNTech vaccine.Express giant UPS said its cold chain storage and transportation competencies are ready and on standby to assist with deliveries throughout Europe."With our UPS Healthcare campus and freezer farms ...
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NewsUS cargo carriers fly US Covid-19 vaccine shipments following FDA approval
FedEx, United, American and UPS are among the airlines flying the first wave of US Pfizer-BioNTech Covid-19 vaccine doses following approval by the US Food and Drug Administration.After months of preparation and close planning with Pfizer, other healthcare companies, and federal and state officials, the first Covid-19 vaccines are now ...
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NewsPilot Freight Services names newest board member
Logistics provider Pilot Freight Services has appointed Teresa M Finley to its board of directors.Finley currently serves as a senior advisor to Boston Consulting Group, a global management consulting firm, where she provides transportation and logistics expertise.Finley has more than 30 years of experience in the industry and most recently ...
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NewsUPS ramps up dry ice production ahead of Covid-19 vaccines
Stirling ULT25 NEU Portable Ultra-Low Temperature Freezer 4Express firm UPS is ramping up its dry ice production capability as part of efforts to prepare for the launch of Covid-19 vaccines over the coming months.The company said that its UPS Healthcare division now can produce up to 544kgs of dry ice ...
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NewsVietjet and UPS team-up on Asian flights
Vietjet and UPS have entered an agreement to leverage each other’s global and regional networks.The agreement provides Vietjet with access to flights on UPS’s international freighter network from Asia, while the US express firm will be able to utilise Vietjet services within Vietnam, Thailand and the wider Asia region.The partnership ...
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NewsUPS names newest members elected to its board of directors
Russell Stokes, UPS board of directorsUPS has revealed the names of its newest elected members to its board of directors.Effective immediately, Kate Johnson, president at Microsoft US, and Russell Stokes (pictured), president and chief executive of GE Aviation Services and chair of GE Power Portfolio, join the board.Johnson joins UPS' ...
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Union urges action as coronavirus cases rise among UPS pilots
UPS pilot unions are warning that a spike in Covid-19 cases amongst members could impact the company's performance during peak season.It is believed that more than 100 UPS pilots have recently contracted the virus.Following UPS president Carol Tomé expressing concern about a spike in Covid-19 cases among the company's pilots ...
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News
Asian volumes boost UPS in Q3
Strong outbound demand from Asia helped fuel a 15.9% increase in third quarter 2020 consolidated revenues for UPS to $21.2bn.The US-headquartered global parcels and logistics giant saw third-quarter consolidated average daily volume increase 13.5% year over year, while operating profit was $2.4bn, up 11% compared to last year’s third quarter.Said ...
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NewsUPS outlines iPhone launch operation
Employees on the ramp at Worldport move a pallet of iPhone and iPad shipmentsExpress firm UPS has outlined the steps it took at its WorldPort hub in order to prepare for the lunch of the new Apple iPhone 12, iPhone 12 Pro and iPad Air .UPS said Worldport, the company’s ...
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News
2020 in numbers: The year of freighters and preighters
The airfreight sector had just come out of its worst year for traffic in a decade, driven by weak global trade, with a 3.3% fall in freight tonne-kilometres (FTKs) during 2019, when the Covid-19 pandemic struck.Demand began to plummet in March, with a fall of almost 28% in April, before ...
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NewsUPS names new members of board of directors
Eva Boratto, UPS board memberUPS has named the two newest members to be elected to its board of directors: Eva Boratto, chief financial officer and executive vice president of CVS Health; and Wayne Hewett, former chief executive of Klöckner Pentaplast Group and Arysta LifeScience Corporation.Boratto and Hewett will join the ...
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UPS takes delivery of its latest B747 freighter
UPS has taken delivery of its latest B747-8 freighter as it continues to expand its all-cargo fleet.The aircraft (N622UP) is the express carrier's 17th of the type with 12 more due to be delivered to the express giant.UPS said that it expects to take delivery of three more of the ...
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NewsUPS makes changes to senior management team
UPS has announced changes to its senior management team. The company has appointed Nando Cesarone into the role of president, US operations, and Scott Price as president, UPS International.Cesarone formerly held the position of president, UPS International, in which he led the company's operations in more than 220 countries. Prior ...
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News
Better than expected results for UPS in Q2
US parcels and logistics giant UPS saw “better than expected” financial results in 2020’s second quarter as consolidated average daily volume surged to a record 20.9% growth.Second-quarter 2020 consolidated revenue increased to $20.5bn, a 13.4% increase from the same period 2019.Adjusted net income was $1.9bn, 8.8% above the same period ...
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Boeing confirms the end of its iconic B747
Boeing has confirmed that its Boeing 747 programme will come to end in 2022, bringing to an end the popular freighter model.The airframer said that it would continue to manufacturer the iconic aircraft at a rate of 0.5 per month until 2022, when the final aircraft will be built.Boeing had ...
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NewsTop 25 cargo airlines 2019: FedEx retains the top spot as Qatar climbs
FedEx was last year the world's busiest cargo airline despite volumes remaining flat on a year earlier, while Qatar moved into second place and UPS was up to third, according to IATA's World Air Transport Statistics (WATS) report. (See end of report for full chart).Last year was a tough 12 ...