United Parcel Service today announced it expects first quarter earnings to be in the range of 49 to 51 cents a share, which compares to earnings of 56 cents a share in the same period last year
Read MoreEmery Worldwide Airlines (EWA) appears to be losing its legal battle to overturn a decision by the US Postal Service (USPS) to switch over to using FedEx as its main provider of domestic air transport for postal express shipments later this year without putting the business out to competitive tender
Read MoreFedEx Corp. said earnings slid five percent in the third quarter, and warned that “market conditions have deteriorated” more than was expected just a few months ago.
Read MoreDHL Worldwide Express is setting up an airline in the United Kingdom. According to Terry Nord, DHL’s global network transportation director, the move is being driven by increased customer demand and will help the company “maintain our position as having the most advanced air express fleet in the world”.
Read MoreProfits at FedEx fell 5 per cent in the fiscal third quarter as demand for express package-delivery services slumped amid a broad slowdown in the US economy
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