Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the strategy has proven to be a winner.
Read MoreAmtrak Express Parcels has completed the integration of Nightspeed, the overnight parcel carrier that it acquired in 2005. With the amalgamation of all of Nightspeed’s depots into an expanded Amtrak network, it is the first time in the UK that two parcel networks have been integrated. The move has seen Amtrak increase its turnover to GBP100 million, add 8500 customer accounts and secure jobs within the industry.
Read MoreWith testy union-management relations, declining mail volumes and customer disenchantment, the new man will have a very full in-tray. After almost five months, one of the most high profile, if hugely challenging, roles in the State-owned sector has been filled.
Carrying an annual remuneration package of EUR351,000, the chief executive’s job at An Post goes to a man with relatively limited experience of the State sector. Donal Connell (53), replaces a veteran of the semi-state sector, Donal Curtin, who spent most of his career with the Electricity Supply Board (ESB). The lack of semi-state baggage carried by the new man probably has both advantages and disadvantages.
Read MoreTNT is positioning itself to capitalise on expected 20 per cent annual growth in Asia’s clinical trial market over the next five years.
TNT’s new director of clinical life sciences for Asia, Lim Bee Koong, has been tasked with spearheading TNT’s push. A life sciences industry veteran with more than 10 years experience, Ms Lim will oversee an area that includes China, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam.
Read MoreManagers at DHL Express have claimed that the company is losing up to (pounds sterling) 2m a month.
Sources blame rising costs and customer restlessness and say several large, long-standing accounts have been lost.
There has been little evidence of the proposed integration between the domestic and DHL International operations going ahead, they say.
The comments are made this week in response to Motor Transport’s story last week about a pay and bonus freeze for managers.
Read MoreA new chief executive of An Post is expected to be named today by the board of the company following a long search for Donal Curtin’s successor.
A selection committee, made up of board members, has made a unanimous recommendation which will be brought to the board today by chairwoman Margaret McGinley. The Department of Communications is also expected to be informed of the appointment.
Read MoreFedEx said it remained optimistic about the economic outlook after solid growth in US and international markets helped the express delivery group lift fourth- quarter net profits by a better-than-expected 27 per cent. Fred Smith, chairman and chief executive, said he saw no sign of weakening in the economy, brushing off concern that rising interest rates and high energy prices could stifle growth.
Mr Smith’s upbeat comments followed similar remarks last week by US rail industry executives, suggesting that the transportation sector, an important bellwether of economic growth, remained in a bullish mood.
Read MoreThe Post Office today announced plans to install an extra 500 free-to-use automated teller machines (ATMs) in its branches – on top of the 1,000 it had already committed to roll out within the next five years.
Alan Cook, Managing Director of Post Office Ltd, said the expansion in free-to-use ATMs underlined the Post Office’s vision to be a universal provider of free cash access for its customers.
The Post Office, under an agreement with its financial services partner, Bank of Ireland, announced last summer that 1,000 free-to-use ATMs would be installed in the network. The Post Office also confirmed its intention to withdraw from its involvement with third party fee-charging ATM suppliers.
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