UPS CEO Davis earned $5.6m in 2008 total compensation
UPS CEO Scott Davis was paid $5.6m in total compensation last year, more than double his $2.64m in 2007 total compensation when he was CFO, according to the company’s proxy statement.
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South African postal service defies the crunch
SA Post Office expects to see another year of profitability, despite the economic crisis.
Read MoreFormer FedEx executives to lead Warehouse86
Former FedEx Kinko’s executives Ken May and Bill Doherty have landed back in Memphis as partners at reverse logistics provider Warehouse86 Ventures LLC.
Read MoreRoyal Mail: privatisation of strategic interest
Plans to part-privatize Royal Mail are attracting strong interest in its parcel division, which focuses on the more resilient road and home delivery market sectors. It currently holds an estimated 7% share in the European express market and is well positioned given the current economic climate, making it an interesting target for companies wanting to increase their footprint in these growth areas.
Read MoreParcelnet joins first Europe-wide home delivery service
The delivery specialist, now renamed ‘Hermes’, is the UK arm of a pan-European home delivery (and returns) network being built by Germany’s Hermes Logistik Gruppe. JD Williams and Land’s End have become the first to sign up.
Read MoreRoyal Mail packet product deregulation rejected
An application by the Royal Mail to deregulate a number of business packet products and introduce a new pricing structure outside Condition 21 of its license has been rejected by postal regulator Postcomm.
Read MoreUnion: Executive bonuses paid from compo savings
A union has claimed that injured Australia Post employees are allegedly being forced back to work early, and that savings in compensation payments are being used to fund bonuses for senior executives.
Read MoreDeutsche Post strike T-Systems deal
Deutsche Post has sold four of its 11 data centres to T-Systems including 250 employees as part of its restructuring of the IT division, according to German magazine Manager-magazin.
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