FedEx to invest $1.6bn after strong results
FedEx to invest $1.6bn after strong results
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UPS Japan to begin direct shipping service to U.S.
UPS Japan Co have announced that it will launch a small-lot direct maritime shipping service to the U.S. on July 1.
The company will jointly implement the Trade Direct Ocean service with a joint venture between United Parcel Service Inc. (UPS) and Suzuyo & Co.
Read MoreGeopost France hopes to deliver bigger margin
Geopost, the holding company which contains all of the parcel service subsidiaries of the French post office, La Poste, has announced that it is aiming for an operating margin of 4 per cent this year, with an operating profit of just under 100m euros. In 2003, its margin amounted to 3.6 per cent, up from 2.7 per cent in the previous year. Turnover rose 5.2 per cent, to 2.19bn euros.
Read MoreUPS files new EU complaints over Deutsche Post practices
European Union regulators recently received two more complaints from United Parcel Services Inc against Deutsche Post World Net AG for the alleged hoarding of state funds and monopoly. The filing urges outgoing antitrust head Mario Monti to launch formal inquiries on Deutsche Post, but EU officials have not begun any official investigations to date.
Read MoreUnited pallet doubles up
The United Pallet Network is to double the size of its Melton Mowbray hub after growing volume by 52% in the past year. The network put the growth down to the success of its reduced “Volume” tariff for consignments of four or more pallets and it is now moving up to 1,800 pallets a night. Managing director Andrew Spencer says: “We’ve found the tariff, at a heavily rebated scale, extremely useful in attaining freight that operators would usually run directly themselves.” At its annual conference last weekend the network told members it is to introduce central billing next year for efficiency reasons and told of the successful launch of its member debt protection fund UPN Safeguard in April. The network has taken on 23 new members in the year, most recently South Humberside-based John Reid Trucking and Freight Movement in Newport.
Read MoreABM Security Services Awarded Contract with the United States Postal Service
ABM Security Services, Inc., a wholly-owned subsidiary of ABM Industries Incorporated, has been awarded a multi-year, multi-million dollar national contract with the Unites States Postal Service. The contract covers security guard services for more than 60 postal service facilities located in 20 states across the country and includes more that 300 security personnel.
Read MoreGerman Deutsche Post to merge three subsidiaries
Deutsche Post, the German postal service, is planning to merge three of its subsidiaries, Euro Express, Danzas and DHL. The integration of these subsidiaries forms part of the company’s Star programme, with which the company is aiming to increase its profit to 3.6bn euros by 2005. This corresponds to a rise of 1.4bn euros over a period of three years. The subsidiaries are to be merged to form a new company called Deutsche Post Euro Express Verwaltungs GmbH.
Read MoreLiberalized postal market begins to impact on Polish Post
Polish Post is slowly feeling the breath of the competition on the back of the neck, as the market was partially liberalized on May 1. It will be further opened at the beginning of 2006 and become fully liberalized in 2009. “I forecast that we will mainly compete with the German and Dutch post offices, which are the largest operators in Europe. Even worse, they will focus on the most lucrative segments of the market, such as large cities,” said PP’s general director Tadeusz Bartkowiak.
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