UPS reported (14-Apr-2010) a 7% year-on-year increase in consolidated revenue for the three months ended 31-Mar-2010 on the back of an 18% increase in International Package volume and a 14% increase in Supply Chain and Freight. The carrier also raised its guidance, expecting its full year adjusted diluted earnings to increase from the USD2.70 to USD3.05 per share forecast provided in Feb-2010 to USD3.05 to USD3.30 per share. UPS is scheduled to release its 1Q2010 results on 27-Apr-2010. [more]
UPS increases 2010 guidance on solid increase in volumes
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California's Ontario International Airport Part 1: Change of ownership allows it to compete with LAX
Ontario International Airport has languished in the shadow of Los Angeles’ LAX for many years, prompting a growing call for separation from Los Angeles World Airports. At last the umbilical cord is about to be cut, and local city councils will be in control of its destiny.
But the difficulties that OIA has had to face will not all go away. They include a huge urban catchment area, where industry was hit hard by the recession and wages are low and, above all, an image that it is no more than a low cost facility without any real gravitas.
The ownership change opens the door, at least potentially, to private sector investment and management in the long run, but costs must be reined in and the bottom line improved first.
This report looks at present and future growth trends at the airport, local economic and airport statistics, how it matches up to competing airports across a range of metrics, at construction activities and in detail at the ownership issue.