UPS third quarter net profit up 3.7pc to US$1.08 billion

UNITED Parcel Service (UPS) recently announced a net profit increased of 3.7 per cent in the third quarter of this year.

Driven by the strong overseas demand and the good performance in the supply chain and cargo transportation department, the net profit of UPS in the third quarter grew to US$1.08 billion from last year's $1.04 billion, UPS said in a company statement.

While total revenue of the company increased 4.7 per cent to $12.21 billion in the third quarter, up from last year's $11.66 billion, the report said.

Although the economic growth of the United States slowed down, UPS's small package delivery business improved with revenue rising to $7.55 billion and international package delivery revenue climbing to $2.53 billion, the report said.

BALtrans expect 40pc growth in the Netherlands in 2007

HONG KONG's freight forwarding and logistics group BALtrans is forecasting that its operations in the Netherlands will grow 40 per cent growth in turnover and freight volume in 2007.

The optimist outlook comes on the back of achieving the largest increase in revenue in the current International Air Transport Association (IATA) league table of Dutch airfreight agents, said a company release. BALtrans Netherlands' performance in 2006 enabled it to jump 48 places from number 71 to the 23rd spot in the Dutch rankings.

"This is a tremendous achievement of which we are very proud. It symbolises recognition both from the market and our airline service partners, and was the direct result of the sheer hard work of the entire BALtrans Netherlands team," said Michel Loots, BALtrans regional managing director.

"After such a positive start, we are very optimistic that we can maintain our fast growth with the support of the growing BALtrans worldwide network, said the company release."

BALtrans Netherlands started in October 2005 and the company now employs 45 in at its Amsterdam and Rotterdam facilities, which include a total of 7,500 square metres of warehouse space.

In addition to its main airfreight forwarding business, BALtrans Netherlands provides ocean forwarding, LCL groupage, and third-party logistics services, which focus on providing urgent ship spares to a number of major shipowners.