Tag: Courier/Express/Parcels

UPS board boosts dividend, stock buyback authorization

Posted by | Aug 14, 2003 | |

The Board of Directors of UPS has approved a second increase in six months in the company’s quarterly dividend, raising the cash payout from 21-cents to 25-cents per share on all outstanding Class A and Class B shares.
The latest increase amounts to a 19% boost. Since the beginning of 2003, the Board has increased the quarterly dividend by 32%, up from 19-cents per share.

The dividend is payable Sept. 9, 2003, to shareholders of record on Aug. 25, 2003.

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FedEx adds Iraq in global network map

Posted by | Aug 14, 2003 | |

FedEx Express has announced the addition of Iraq to its global network. FedEx Express will offer door-to-door pick up and delivery for shipments in and out of the cities of Baghdad, Basra and Mosul.

Apart from serving Iraq’s business community, the FedEx Express international network will assist in the transportation of humanitarian aid into the country, including working with Water Missions International and International Aid.

“Iraq has the potential to be one of the fastest growing economies and will require integrated end-to-end transportation solutions,” said Mr Hamdi Osman, Regional Vice-President, FedEx Middle East, Indian Sub-Continent and Africa.

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U.S Airborne shareholders approve DHL merger

Posted by | Aug 14, 2003 | |

Airborne Inc has said that shareholders at its annual meeting voted to approve its USD1.05 billion takeover by DHL. Airborne said that at least 30.9 million, or 88.4%, of the votes were cast in favor of the transaction. Germany’s Deutsche Post owns DHL, the world’s biggest overnight shipper, which has agreed to buy Airborne, the nation’s third-largest airfreight shipper.

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Matsushita assists distribution plan for UPS U.S. deliveries

Posted by | Aug 13, 2003 | |

Matsushita Electric Industrial Co. said it has created, with United Parcel Service Inc., a distribution system for U.S.-bound electronic components. The new system will enable Matsushita to deliver its parts to its more than 250 U.S. corporate clients within three days after an order is placed, compared with the current five to six days, a Matsushita spokesman said.

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Spanish MRW Turnover Up to 207.2 Mln Euro H1 2003

Posted by | Aug 13, 2003 | |

Spanish express courier MRW, in Catalonia region, northeastern Spain, generated a turnover of 207.2 mln euro ($233.3 mln) for the first half of 2003, an 11.9 pct year-on-year increase, the company said on August 13, 2003.

The company opened 13 new franchises and their total number rose to 676 at the end of June 2003. MRW increased the number of logistics platforms by two newly built reaching a total of 24 at the end of June 2003.

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