UPS pilots agree concessions
UPS, stung by tumbling demand for air package shipments, said its pilots union agreed to $131m in concessions during the next three years to avoid layoffs, report Bloomberg.
Read MoreYear: 2009
FedEx launches campaign over FAA bill
FedEx Corp will launch a campaign attacking main rival UPS over a bill in Congress that FedEx said amounts to a bailout for UPS, report Reuters.
Read MoreAPC Overnight launches magazine services
APC Overnight has launched a low-cost magazine delivery, report Logistics Manager.
Read MoreWhat the papers say about Royal Mail
What the papers say about Royal Mail
Read MoreIATA loss forecast increases to $9bn
The International Air Transport Association (IATA) revised its airline financial forecast for 2009 to a global loss of $9bn.
Read MoreRoyal Mail sale to be put on hold
The UK government’s plans to part-privatise the Royal Mail are to be put on hold pending an increase in the price bidders are willing are to pay, in what is likely to be seen as a significant concession to Labour rebels, reports the Guardian.
Read MoreDeutsche Bank in no rush to acquire Postbank
Deutsche Bank is not pursuing an accelerated takeover of Deutsche Postbank even though it has bought more shares in the retail bank in recent weeks, a source familiar with the matter told Reuters.
Read MoreRoyal Mail in threat to axe pension fund
The chairman of Royal Mail says he is ready to close the group’s final-salary pension scheme, one of the largest of its kind in Britain, if plans to part-privatise Royal Mail fail, reports The Times.
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