UPS Chief Davis Sees Holiday Volume Up 7.5% as Shipper Adds China Flights

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 25, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Chief Davis Sees Holiday Volume Up 7.5% as Shipper Adds China Flights - Bloomberg

    United Parcel Service Inc. expects to handle 430 million packages globally between Thanksgiving and Christmas and has added flights in China to meet surging export demand, Chief Executive Officer Scott Davis said.

    The projected volume for the peak holiday season marks a 7.5 percent increase from a year earlier, when the world’s largest package-delivery company had one fewer shipping day. Retailers surveyed by UPS anticipate holiday sales rising about 3 percent, Davis said today in a Bloomberg Television interview.

    “Our customers are cautiously optimistic,” Davis said. “It doesn’t sound great, but last year we were flat, and the year before that we were minus 4 percent.”

    UPS has added flights in Hong Kong and Shanghai to take advantage of a jump in exports from China, and it has about 30 aircraft leased for the holiday season, the same as last year, Davis said. Exports from Asia jumped 34 percent in the third quarter, Atlanta-based UPS said yesterday.