Advertisement
New Zealand markets open in 9 hours 20 minutes
  • NZX 50

    11,678.68
    -3.82 (-0.03%)
     
  • NZD/USD

    0.6134
    -0.0018 (-0.29%)
     
  • ALL ORDS

    7,935.70
    -99.20 (-1.23%)
     
  • OIL

    80.37
    +0.54 (+0.68%)
     
  • GOLD

    2,341.90
    -14.60 (-0.62%)
     

UPS Boosts Shipment Delivery Between Asia-Pacific & Australia

United Parcel Service UPS unveiled a significant enhancement in its delivery services, offering customers in leading Asia Pacific economies expedited delivery to and from Australia. This initiative comes with the launch of a new flight connecting UPS's intra-Asia hub in Shenzhen to the Sydney Kingsford Smith Airport.

Following the introduction of the new service, shipments picked up from customers in mainland China, Japan, South Korea, Taiwan, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Indonesia and Hong Kong can be delivered to Australia as early as the next business day. Conversely, Australian customers can expect expedited deliveries across the Asia Pacific region and even to Europe, also achievable within the next business day.

Wilfredo Ramos, president of UPS Asia Pacific, emphasized the significance of this advancement, stating, "From both the import and export perspective, most of Australia's top trading partners are in Asia Pacific, so we're delighted to be able to offer our customers faster delivery times across the region. Faster delivery can make all the difference for businesses looking for a competitive edge."

This move aligns with UPS' ongoing efforts to bolster its network and facility capabilities across Asia Pacific. Recent enhancements in countries such as Singapore, Japan, mainland China, Vietnam, South Korea, Hong Kong, and the Philippines underscore the company's commitment to strengthening its portfolio of integrated express, supply chain, and healthcare logistics services in the region.

ADVERTISEMENT

Improved delivery times to Australia from the mentioned Asia Pacific markets have taken effect for shipments picked up from Wednesday to Friday, starting Apr 3, 2024, excluding Western Australia. Similarly, next business day delivery from Australia to select destinations in Asia Pacific and Europe is already applicable to shipments picked up on Fridays starting Apr 5, 2024, excluding Western Australia.

UPS' expansion of faster delivery services signifies its dedication to meet evolving customer demands and solidifying its position as a leading logistics partner in the Asia Pacific region and beyond.

Zacks Rank

Currently, UPS carries a Zacks Rank #3 (Hold).

Investors interested in the broader Transportation sector may consider SkyWest SKYW and Air Lease AL. SkyWest presently sports a Zacks Rank #1 (Strong Buy) and Air Lease carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

SkyWest's fleet modernization efforts are commendable. Upbeat air travel demand also supports the company. The Zacks Consensus Estimate for SKYW’s 2024 earnings has improved 19.2% over the past 60 days. The stock has surged 204% in the past year.

SKYW has an expected earnings growth rate of more than 100% for 2024. The company delivered a trailing four-quarter earnings surprise of 128.02%, on average.

AL has an encouraging record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 20.15%. Continuous fleet growth bodes well.

Continued recovery in airline operations is driving lease demand, which bodes well for AL. The Zacks Consensus Estimate for 2024 earnings has been revised 25.8% upward over the past 60 days. The company has an expected earnings growth rate of 30% for 2024. AL shares have rallied 30% in the past year.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

United Parcel Service, Inc. (UPS) : Free Stock Analysis Report

Air Lease Corporation (AL) : Free Stock Analysis Report

SkyWest, Inc. (SKYW) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research