A very mixed quarter for UPS

• David Harris
• February 5, 2015
• Express, News, Strategy

UPS reported fourth-quarter net income down 61.2% y-o-y to $453 million, despite a 6.1% increase in revenue to $15.90 billion. Reported operating profit for the quarter was down 60.5% to $754 million. The dramatic drops in net income and operating profit were the result of a combination of two one-time charges totaling $692 million, and […]

UPS 3Q volumes up across the board

• David Harris
• October 27, 2014
• Express, News

UPS reported third-quarter net income up 10.7% y-o-y to $1.21 billion as total revenue rose 5.7% to $14.29 billion. Operating profit for the quarter was up 8.3% to $1.95 billion. The chart at right shows the company’s financial and operational results for both the third quarter and the year through 30 September. What jumps out […]

At Cargo Facts, 11 of the top 20 carriers in the world

• JJ Hornblass
• September 18, 2014
• Aircraft, Capacity & Demand, Carriers, Conversions, Express, Strategy

Many of the world’s top cargo carriers will be attending the 20th annual Cargo Facts Symposium next month. Among the carriers already signed up are: AirBridge, Atlas Air, Cargolux, Delta, DHL, Emirates, Etihad, FedEx, LATAM. Lufthansa, and UPS. That according to analysis of registrations released today. The Cargo Facts Symposium will take place Oct. 22-24 in Miami […]

UPS package volumes rise 7%

• David Harris
• July 29, 2014
• Express, News

A 7.2% increase in average daily package volume drove strong second-quarter operational performance for UPS. Total revenue for the quarter was up 5.6% to $14.27 billion, but the company took a one-time charge of $665 million (related to post-retirement health-care benefits), which drove net income down 57.6% y-o-y to $454 million, and operating profit down […]

A new CEO for UPS

• David Harris
• June 6, 2014
• News

UPS Board Appoints David Abney CEO, Scott Davis Remains Chairman Upon Retirement The UPS Board of Directors today announced that it has named David Abney, currently the company’s Chief Operating Officer, as its new Chief Executive Officer and appointed him to the Board of Directors. Scott Davis, 62, who has served as the company’s Chairman […]

What next for Global Supply Systems?

• David Harris
• April 9, 2014
• Carriers, Strategy

UK-based Global Supply Systems (GSS), in which Atlas Air Worldwide Holdings is a 49% stakeholder,  was formed in 2002 in order that British Airways World Cargo could continue to ACMI lease freighters from Atlas, while staying compliant with UK law. GSS dry-leased three 747-400Fs from Atlas, and operated them on an ACMI basis for BA […]

N402UP – the First 757-200PF to Fly

• David Harris
• March 17, 2014
• Video

A brief look back today, as we see N402UP (msn: 23724) arriving at Boeing field on a spring evening. This aircraft was chronologically the second 757 freighter ever built, but by happenstance became the first to fly, on August 11th, 1987, and the first to be delivered, on Sept. 17, 1987. A little over a […]

UPS 767s Get Blended Winglets

• David Harris
• April 24, 2013
• Video

Change is coming to UPS’ 54-strong fleet of 767-300ERFs – and you can see that change in this dramatic photo of N304UP (msn: 27242) lifting off from Seattle’s Boeing Field just as the sun is setting on its way to Louisville as UPS flight 981. The change is, of course, the massive Aviation Partners blended […]