The Board of Directors of UPS, citing the company’s performance in 2003 and its continued positive outlook for 2004, have increased the quarterly dividend from 25-cents per share to 28-cents per share on all outstanding Class A and Class B shares. The increase is the second dividend boost in the past 12 months. Since February 2003, the quarterly dividend has increased 33%, from 21-cents per share.
Read MoreFedEx have named Cathy Ross chief financial officer for FedEx Express, replacing Tracy G. Schmidt.
“Cathy’s career has been characterized by clear demonstrations of leadership skill and by consistent achievement of results,” said David J. Bronczek, FedEx Express president and CEO. “Her contributions have significantly aided the company.”
Read MoreParcelforce Worldwide has introduced a range of new services to improve the all-round collection and delivery experience for its business customers across the UK. The move follows a successful restructure of the business that has driven up its quality of service to its highest level for a decade and cemented its position as one of the UK’s leading providers of express, time-guaranteed delivery services. Parcelforce Worldwide, which consistently delivers 98 per cent of items on time, has invested in its web, tracking and customer enquiry operations to give its thousands of business customers even greater access to its range of services.
Read MoreFedEx Corporation today announced it has completed the USD2.4 billion acquisition of Kinko’s, Inc. from Clayton, Dubilier & Rice, Inc., which previously owned the majority of Kinko’s outstanding shares. “FedEx and Kinko’s share a similar heritage, culture and commitment to superior service, and together we will give our customers even greater access to the global marketplace,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “This combination will allow us to increase access to FedEx shipping services and capitalize on key business trends, including cost-effective corporate outsourcing, digital document management and connectivity for the mobile professional. At the same time, this acquisition is consistent with our long-term financial goals and will help FedEx continue to deliver shareholder value.”
Read MoreFedex Chairman, at today’s hearing before the House Government Reform Committee Task Force on the Postal Service, said that FedEx supports modernization and transformation of the United States Postal Service. He said the current regulatory framework must be reshaped to protect and promote a universal postal service suited to the needs of citizens in the Information Age.
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