UPS eyes 20 percent growth in revenue
UPS eyes 20 percent growth in revenue
JAKARTA (JP): Express courier service company PT UPS Cardig
International expects to increase revenues by 20 percent in three
years on the back of the country's rising exports.
Company director Rachmat Atmadja said UPS Cardig, a joint
venture between Atlanta, United States-based United Parcel
Service (UPS) and local air transportation company PT Cardig Air,
was optimistic that Indonesian exports would continue to grow
despite a slowdown in the country's main export markets,
including the United States and Japan.
"The export growth will do good for our business," he told
reporters.
He however refused to give any figures of the company's
revenue.
According to the Central Bureau of Statistics (BPS), the
country's exports jumped 27.3 percent to US$62.02 billion in 2000
from $48.67 billion in 1999, but many analysts believe exports
would decline considerably as a result of the economic slowdown
in the U.S. and Japan.
UPS Cardig's technical advisor, Neil Bond said the company
would increase its flight frequencies this year to carry the
expected increase in delivery orders, but he refused to provide
any details.
At present, UPS Cardig's airplanes fly six times a week from
Jakarta to Singapore, and six times a week from Batam to Hong
Kong via Singapore.
It carries about 95 percent of the packages with its own
airplanes, with the remaining 5 percent transported by Garuda
Indonesia Airways, Singapore Airlines and Qantas Airways.
Bond said as part of service enhancement program, the company
would provide its customers with free software in the next two
months to enable them to monitor the delivery of their goods on
the UPS website through their own computers.
"That's part of our commitment to deliver the orders faster
without any flaws," he said, adding that the company would return
the fee paid by customers if it failed to deliver their goods on
time.
UPS Cardig, which was initially known as UPS Indonesia, was
established in 1996 as a marketing arm of UPS.
UPS Cardig is now co-owned by Cardig Air and UPS with 51
percent and 49 percent of shares respectively.
The company has 1500 corporate customers, mainly local firms.
(05)