For airlines already reeling from the financial and traffic fallout from September 11, there was little comfort from the most dependable of their businesses, the U.S. Postal Service.
Industry experts say the U.S. combination airlines got about $635 million from the USPS for mail traffic in the fiscal year ending Sept. 30, 2000
Royal Mail has launched a new charter air
service dedicated to transporting its mail to Germany. The Stansted to Hahn
flight will be operated by Channel Express using a Boeing 737-300, the
carrier said in a statement. Scheduled passenger flights are normally used
to carry the postal operator’s international mail.
“We believe that FedEx Ground package volume will grow approximately 9% and that yields will increase about 6%, similar to first-quarter growth rates,” FedEx chief financial officer Alan Graf said.
But in its first detailed disclosure of how the attacks have affected its business, FedEx said it expects second-quarter U.S. air express shipments to be down 11% from a year earlier, and international express to fall 5%.
Until now, FedEx had said it was unable to quantify the attacks’ effects. Most of its rivals, including top package deliverer United Parcel Service Inc., have warned of lower package volume, higher costs and weaker profits.
Read MoreSchneider Logistics Inc., logistics provider in the US, and Hellmann Worldwide Logistics in Germany, are creating a strategic alliance that will advance the service offerings of both companies
Read MoreThe Panalpina Group have extended its global network again, setting up national operating organizations in Hungary and the Czech Republic.
Read More
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