FedEx Corp said its ground shipping unit will grow for ‘a long time to come’ as businesses shift to the lower-cost delivery option and the company expands its coverage to all US addresses this year.
FedEx chairman Fred Smith also said business activity is picking up in Asia, where many US technology companies have their manufacturing facilities, as well as in Europe and the US.
Read MoreFrom July 1, Vietnam would divide the post and telecoms sector into two separate groups, following a trial in 11 provinces. The plan will improve the quality of telecoms services and reduce fees. Currently, revenues from telecoms services are being used to subsidize postal services.
Read MoreJapan Postal Workers’ Union (Zentei) and All Japan Postal Labor Union (Zenyusei) are hammering out the final details of a plan for an equal merger by March, the Nihon Keizai Shimbun reports in its Saturday edition. The unions plan to join forces to cope with the growing trend toward management streamlining ahead of next April’s launch of the public postal corporation. Inasmuch as Zentei and Zenyusei are solid supporters of the Democratic Party of Japan and the Liberal Party, respectively, their integration is likely to influence how the two opposition parties struggle together as allies. Assuming the merger goes through, the new union would be the third-largest in Japan.
Read MoreJapanese Posts Minister Toranosuke Katayama Friday indicated proposed legislation could be revised to make it easier for private firms to launch mail delivery services.
Read MoreTNT Express Worldwide (Philippines) Inc. said yesterday it posted a 12-percent growth in revenues in the first quarter of the year despite a 30-percent decline in its biggest market, the electronics sector.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
