UPS Airlines : 5X : UPS

UPS va mettre à pied au moins 300 pilotes

NEW YORK, 8 fév 2010 (AFP)Le groupe de messagerie américain UPS a annoncé lundi qu'il prévoyait de mettre à pied au moins 300 de ses quelque 2.800 pilotes d'avion, afin de réduire ses coûts.

Les deux géants du fret express renouent avec la croissance

FedEx et UPS relèvent la tête. La première a publié des résultats solides pour son troisième trimestre 2009, arrêté le 28 février, particulièrement dans le fret aérien international. Elle s’est ainsi autorisée à publier des estimations optimistes pour son quatrième trimestre. Le bilan de la seconde pour le quatrième trimestre a suivi la même tendance. Le secteur de la messagerie express étant un indicateur fiable de la tendance dans le transport aérien, les résultats des deux compagnies américaines ont de quoi réconforter ses acteurs et confirment les rapports identifiant les premiers signes de la reprise.

Le chiffre d’affaires du groupe FedEx a légèrement augmenté au troisième trimestre de l’année fiscale 2009-2010, gagnant 7% à 8,7 milliards de dollars. En revanche, les bénéfices opérationnels et nets ont enregistré d’importantes progressions, respectivement de 129% (à 416 millions de dollars) et de 146% (à 239 millions de dollars). La croissance est encore plus flagrante pour la division FedEx Express : si le chiffre d’affaires n’a gagné que 8% par rapport à l’année dernière (5,44 milliards de dollars), le bénéfice opérationnel a quasiment été multiplié par six à 265 millions de dollars.

FedEx explique que ce résultat a été rendu possible par le bon niveau des exportations, notamment vers l’Asie. En revanche, le secteur domestique américain montre toujours des signes de faiblesse, avec une croissance à peine perceptible de 1%. Elle estime donc que son chiffre d’affaires et ses bénéfices pour le quatrième trimestre 2009-2010 devraient encor s’améliorer.

UPS a fait le même constat au quatrième trimestre de son année fiscale 2009-2010. Constatant une diminution de son chiffre d’affaires, de son bénéfice et du volume moyen transporté chaque jour sur le marché domestique américain, elle a également observé une hausse de tous ces indicateurs sur le secteur international, notamment une augmentation de 11,8% du volume transporté, menée par l’Asie elle aussi. La compagnie américaine a donc revu à la hausse d’entre 17% et 32% ses prévisions de revenu par action. Elle prévoit également une reprise progressive dans le secteur, qui se caractérisera pas une amélioration de plus en plus nette au fur et à mesure que l’année avancera.

UPS posted second-quarter net income of $845 million, up 89.9% over a $445 million profit in the prior-year period, and noted that "strong export growth in all regions" with Asia leading the way helped to boost the bottom line.

Chairman and CEO Scott Davis said the impressive quarter was achieved despite "a mixed global economic environment."

He credited "superb execution" throughout its global delivery network and "the US domestic reorganization" for allowing it to achieve "better than expected results."

UPS in January announced a "streamlining" of its US domestic management structure, leading to the elimination of 1,800 management and administrative jobs this year.

He said the US reorganization, which included dividing the country into three delivery/shipping regions instead of five and "giving more autonomy to local operations," has been completed and already is yielding "significant network synergies" ([Vous devez être inscrit et connecté pour voir ce lien]).

UPS is considered a harbinger of the global economy's direction, and company executives did not paint an overly rosy picture in a conference call last week with analysts.

Consumer confidence remains weak, but business confidence is rising and particularly manifesting itself in growth in high-yield, air-reliant international shipping that benefits the Atlanta-based express operator, they said.

"We don't expect robust economic recovery," CFO Kurt Kuehn explained. "But we think even in this modest environment we can prosper and raise profits substantially."

UPS lifted its full-year earnings guidance 45%-50% to $3.35-$4.45 per share.

The guidance accounts for "slow economic growth in the US" and "uncertainty" in Europe, Kuehn noted.

Much of the company's confidence is based on its growing strength in Asia, where it continues its expansion via alliances with local operators ([Vous devez être inscrit et connecté pour voir ce lien]), a strategy Davis said is working well and will continue.

International package revenue jumped 23% year-over-year in the quarter to $2.77 billion as export growth rose 15% with Asian export growth up 40%.

Average international volume per day increased 19.8% to 2.18 million pieces. "We've seen international volume exceed 2 million per day for three straight quarters," Kuehn said, noting that business-to-business shipping is growing faster than business-to-consumer shipping.

Davis commented, "There's a pretty good consensus that this will be a business-led recovery and you'll continue to see industrial production lead the way."

UPS's total second-quarter revenue heightened 12.7% to $12.2 billion while expenses climbed 8.7% to $10.8 billion, producing
operating income of $1.4 billion, up 56.6% over an $895 million
operating profit in the year-ago period.

Separately, UPS Airlines signed a 10-year agreement with GE Aviation relating to MRO of 142 CF6-80C2 engines powering its MD-11, 747-400 and 767-300 aircraft.

The agreement is valued at approximately $1 billion over its life and extends an existing 15-year service agreement.

UPS makes unsolicited bid for TNT

United Parcel Service (UPS) confirmed last week that it is attempting to acquire TNT Express, the major European delivery operator that was spun off last year from Dutch mail services provider NLPost.

TNT, still 29.9%-owned by NLPost, rejected an unsolicited bid from UPS earlier this month. But UPS said in statement last week that it has made "a revised, increased and comprehensive proposal to acquire the entire issued share capital of TNT for €9 [$11.8] per share in cash." The revised offer values TNT at more than $6 billion.

"Discussions between the parties concerning this proposal are ongoing, although there is currently no certainty that any agreement will be reached," UPS stated. "Further details will be provided when appropriate."

Jeannot a écrit:UPS fait une offre non-amicale sur TNT

UPS makes unsolicited bid for TNT

United Parcel Service (UPS) confirmed last week that it is attempting to acquire TNT Express, the major European delivery operator that was spun off last year from Dutch mail services provider NLPost.

TNT, still 29.9%-owned by NLPost, rejected an unsolicited bid from UPS earlier this month. But UPS said in statement last week that it has made "a revised, increased and comprehensive proposal to acquire the entire issued share capital of TNT for €9 [$11.8] per share in cash." The revised offer values TNT at more than $6 billion.

"Discussions between the parties concerning this proposal are ongoing, although there is currently no certainty that any agreement will be reached," UPS stated. "Further details will be provided when appropriate."

[Vous devez être inscrit et connecté pour voir ce lien]

UPS to Purchase TNT Express for $6.8 Billion

United Parcel Service Inc. (UPS) reached an agreement to buy TNT Express NV (TNTE), Europ's second-largest express delivery company, after sweetening its bid to 5.16 billion euros ($6.8 billion).

UPS, the world’s biggest package-delivery company, will pay cash of 9.50 euros a share, the two companies said in a joint statement. The TNT Express management and supervisory boards recommend shareholders accept the deal, they said in the statement.

For Atlanta-based UPS, acquiring TNT will mean achieving roughly equal footing in Europe with [Vous devez être inscrit et connecté pour voir ce lien]’s DHL, the region’s biggest delivery operator. For TNT, the deal secures a higher value on the money-losing Dutch company than the 9 euros a share that directors turned down last month. Today’s deal is a 54 percent premium over the closing price of 6.18 euros on Feb. 16, the day before the talks were made public.

TNT [Vous devez être inscrit et connecté pour voir ce lien] at 9.35 euros in Amsterdam on March 16, giving the Hoofddorp, Netherlands-based company a market value of 5.08 billion euros, according to data compiled by Bloomberg. The [Vous devez être inscrit et connecté pour voir ce lien] has fallen 1.1 percent in the past year, compared with a 2.4 percent decline for Amsterdam’s AEX-Index.

UPS traded at $78.41 in [Vous devez être inscrit et connecté pour voir ce lien] for a $75.2 billion market value. It’s risen 9.5 percent in the past year, in line with a 9.8 percent gain for the [Vous devez être inscrit et connecté pour voir ce lien] and surpassing a 5.7 percent increase for [Vous devez être inscrit et connecté pour voir ce lien]

Deal Valuation

At 9.50 euros a share, the deal would value TNT at 13 times its last four quarters’ earnings before interest, taxes, depreciation and amortization, compared with a median of 10 times trailing Ebitda in nine other similar deals, according to data compiled by Bloomberg.

UPS has an AA- rating from [Vous devez être inscrit et connecté pour voir ce lien] and an Aa3 grade from Moody’s Investors Service. That’s the fourth-highest investment level in both cases.

UPS, known for its brown vans and trucks, has $13.3 billion in bonds and loan facilities outstanding, of which $2.3 billion falls due this year, according to [Vous devez être inscrit et connecté pour voir ce lien] compiled by Bloomberg. Its debt burden is the same size as a year ago, the data show.

The extra yield investors demand to hold UPS’s $1.5 billion of 3.125 percent bonds due in 2021 instead of Treasuries decreased 10 basis points this year to 60 as of March 16, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

J_Lag a écrit:Les motorisations par types :

Airbus A 300F4-622R : P&W 4158

McDonnell Douglas MD11F : P&W 4460

Boeing 757-24APF : P&W 2040

UPS and Rolls-Royce Sign Long-Term Services Agreement
Source: PRNewswire PRESS RELEASE

Publication date: 2006-06-06

CHANTILLY, Va., June 6 /PRNewswire/ -- Rolls-Royce, the world-leading provider of power systems and services, has signed a long-term engine services agreement with United Parcel Service Co., the world's largest package delivery company and a global leader in supply chain services.

The TotalCare(R) contract supports the engines for UPS' 40 RB211-535 powered Boeing 757 aircraft for 15 years and covers work which would not be performed by UPS's own maintenance program.

UPS has successfully operated its fleet of 535-powered 757 aircraft since 1992 and also operates 16 Boeing 727 aircraft powered by Rolls-Royce Tay 651 engines. .......******

Boeing 767-34AF(ER) : GE CF6-80C2B7F

Boeing 747-44AF(SCD) : GE CF6-80C2B1F

Boeing 747-45E(SCD) : GE CF6-80C2B1F

Boeing 747-4R7F(SCD) : GE CF6-80C2B1F