Author: Archive

FedEx Corp. Reports Record Revenue and Earnings; Fourth Quarter Net Income Increases 19 Percent

Posted by | Jun 24, 2003 | |

FedEx Corporation today reported earnings of USD 0.92 per diluted share for the quarter ended May 31, compared to USD 0.78 per diluted share reported last year.
FedEx Corp. reported the following consolidated results for the fourth quarter: revenue of USD5.83 billion, up 8% from USD5.42 billion the previous year, operating income of USD492 million, up 18% from USD416 million a year ago, net income of USD280 million, up 19% from last year’s USD236 million. Total average daily package volume at FedEx Express and FedEx Ground grew a combined 5% year over year for the quarter, due to continued strong growth at Ground and in international express shipments.

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UPS Service Guarantee Fact Sheet

Posted by | Jun 24, 2003 | |

UPS’s service guarantee underscores the trust and reliability UPS has built among businesses around the globe for more than 95 years. And today, thanks to advancements in integrated technology into UPS’s operations and customer-facing applications, UPS’s reliability is at its highest ever. This is particularly noteworthy considering UPS delivers more than 13.3 million packages each day.

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China Post's IPO not ready

Posted by | Jun 24, 2003 | |

China Post, or the National Postal Bureau (NPB), has submitted to the State Council, China’s cabinet, its proposal to list its branches in six most profitable regions overseas. Analysts suggest the listing could raise USD500 million. The firm would use the huge pool of funds to prop up its business and compete with the increasing number of privately run rivals in the booming market.

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UK Royal Mail to cut lorry journeys

Posted by | Jun 24, 2003 | |

The Royal Mail said its lorry journeys will be cut from 8,500 a day to 2,500 under its plans for a more efficient distribution network, reducing its carbon dioxide emissions by 30%.

There would be no job cuts at the main rail/road sites at Willesden in north London, Wishaw near Glasgow and Warrington, Cheshire, and there would be no new job losses anywhere in the Royal Mail.

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Teliasonera and IBM to provide communications for Sweden Post

Posted by | Jun 24, 2003 | |

TeliaSonera and IBM sign agreement to provide communications solution for Swedish Post Office

TeliaSonera has signed an agreement with IBM to upgrade the Swedish Post Office’s (Posten) existing systems for telephony and data communications. The agreement is for a six-year period and is valued is calculated at approximately SEK 1.2 billion.

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Unions urge rethink on plan to scrap UK mail by rail

Posted by | Jun 24, 2003 | |

Union leaders today urged the Government to halt a controversial move to stop transporting mail by rail, warning of a “disaster” for jobs and the environment.

Communication and rail unions joined forces with Labour MPs to launch a campaign to save mail trains, which the Post Office plans to phase out in a bid to save GBP90 million a year.

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Rat catcher is still on the scent of growth – corporate profile of Rentokil Initial

Posted by | Jun 23, 2003 | |

RENTOKIL, rat catcher to the Queen, has a new boss. James Wilde has the difficult task of taking over the reins from Sir Clive Thompson, the famous “Mr 20 per cent” who delivered unprecedented growth levels at the company for most of his 20 years in charge.
Wilde’s task is not easy: Rentokil is the number one pest control business in the world and cleans more washrooms than any other group in the world. It also provides more education and training centres around the world than anyone else and supplies more tropical plants to the world’s workplaces than any other company. Some might say there is only one direction for the company to go from here.

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TNT Express upgrades eastern European service

Posted by | Jun 23, 2003 | |

TNT Express last week began flying its own aircraft into Bucharest as part of an upgrade of its eastern Europe services. The move extends cut-off times from Liege by two hours and the aircraft arrives an hour earlier in the Romanian capital.

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