More packages sent by ground than air: UPS
Singapore - More customers are choosing the less expensive option and sending packages by ground than air, UPS said.
UPS said improving global economies has helped boost its first quarter profit and prospects for the rest of the year. First-quarter profits rose 33%.
However, the company is seeing higher demand in people sending packages by ground rather than air. The trend is expected to continue in the near future as more customers, amid tight budgets at home and at work, seek slower methods of delivery that are less expensive than faster methods like next-day air.
The company also restructured its business over the last 18 months, including axing jobs. UPS said it does not plan any significant hiring anytime soon, at least until the recovery is on more solid footing.
"We intend to sustain the reductions we have made and control all those cost items," said Kurt Kuehn, CFO of UPS.
Managing people? For HR and leadership strategy, Human Resources has it covered.
Get your marketing department up to speed with Asia's most read marketing site
- UPS Pte Ltd
UPS Pte Ltd Related Stories:
- UPS huddles up in the cold
- UPS makes SG leadership change
- Asian healthcare firms on global expansion
- UPS starts sending planes into Chengdu
- UPS, Merck extend pact globally
- UPS to launch new Guam-HK service
- UPS makes senior appts in Asia
- Bizarre HR: Stay fired, or we’ll sue
- UPS cargo plane searched for bomb
- UPS to open healthcare centre in SG
- UPS cuts planned pilot layoffs
- UPS names new SG MD
- Local SMEs to focus on attracting talent
- UPS offers green helping hand
- Supply chains in the pink
- UPS opens Shenzhen hub
- UPS expands Vietnam footprint
- UPS reports Q1 growth
- UPS launches widget to target SME sector
- TNT mulls mail spin-off