Tag: Courier/Express/Parcels

FedEx Ground to increase 2007 rates 4.9 percent

Posted by | Dec 4, 2006 | |

FedEx Corp. today announced that it will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent. The new rates and surcharge changes will be effective Jan. 1, 2007.
The announced increase is in addition to other changes to FedEx Express, FedEx Ground and FedEx Home Delivery surcharges. These changes include an adjustment to the fuel surcharge for FedEx Ground shipments which will be assessed on additional applicable transportation-related surcharges.
FedEx Corp. previously announced an increase to the net average shipping costs for FedEx Express by 3.5 percent, which is composed of a 5.5 percent average increase in standard list rates, offset by a 2.0 percent point reduction in its fuel surcharge. These rates are also effective Jan. 1, 2007 and apply to U.S. domestic and U.S. export packages and freight.
FedEx also previously announced a new dimensional weight system for oversized, large FedEx Ground shipments. If the dimensional weight is greater than the actual weight, dimensional weight will apply to FedEx Ground shipments that are three cubic feet (5,184 cubic inches) or greater. A FedEx Ground dimensional weight customer aid is available on fedex.com to assist customers. This will be effective Feb. 5, 2007. Complete details on the FedEx Ground and FedEx Home Delivery surcharge changes will be available at www.fedex.com on Dec. 8, 2006.

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Worldport Project’s Diversity Goal Again Set at High Level

Posted by | Dec 4, 2006 | |

When UPS opened its WorldportSM international air hub here in September 2002, it marked the culmination of the largest construction project in UPS’s history. It also produced a remarkable opportunity for Minority and Women Business Enterprise (MWBE) firms because of a commitment by UPS to involve them in the project.

Today, as UPS prepares to start a massive expansion of Worldport, the company once again has set a goal of awarding to minority and women contractors at least 20% of the USD250 million it expects to spend on general construction. That goal is in addition to UPS’s determination to involve minority and female firms in securing components from Original Equipment Manufacturers (OEM).

UPS set an identical goal for the original construction of Worldport, ultimately awarding USD98 million to minority and female firms. The new expansion project, which calls for the first phase to open in 2009, will be completed in 2010.

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British CEP market consolidates further

Posted by | Dec 1, 2006 | |

The fragmented British courier, express and parcels market looks set for a new wave of consolidation following this week’s GBP 210 million acquisition of independent parcels carrier Target Express by Rentokil Initial, parent holding of leading player City Link. The deal makes City Link into a top competitor to DHL, TNT and UPS in the domestic next-day parcels market.

Growth in Europe’s second-largest express and parcels market has slowed over the last year, especially in the domestic sector. The market is forecast to grow only moderately at about 3% over the next few years. At the same time, the traditionally fierce price-based competition in Britain and higher operating costs, especially fuel costs, have combined to put pressure on profit margins. These factors have hit smaller, domestically-focused companies in particular, and opened up new opportunities for mergers and acquisitions.

There have already been several important transactions in the UK in recent years. UPS improved its domestic market position with the acquisition of Lynx Express last year, while Amtrak Express Parcels broadened its portfolio through the takeover of Nightspeed. DHL had earlier jumped to become market leader with the acquisition of the Securicor Omega Express business, while GeoPost had acquired Parceline and Interlink Express.

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UPS to increase air freight capacity

Posted by | Dec 1, 2006 | |

United Parcel Service Inc. expects to increase its air freight capacity and save millions of dollars in fuel costs, with new cockpit technology that makes pilots more aware of a plane’s surroundings, a UPS executive said.

The system called SafeRoute, developed by ACSS, a joint venture between defense companies L-3 Communications Holdings Inc. of the U.S. and Thales SA of France, allows pilots to cruise in to the landing strip reducing fuel burn, noise, and noxious emissions as well as increasing the frequency of arrivals.

The system gives pilots access to data created by a new generation of transponders that provide a continuous feed of information about an aircraft’s position. Current transponders, by contrast, provide that information only when it’s requested.

UPS, the world’s largest package delivery company, expects to be able to save initially USD3 million to USD4 million a year in fuel costs, by reducing unnecessary miles flown on landing approaches.

The company also expects to increase arrivals at its key Louisville hub, which is undergoing a USD1 billion expansion, to up to 57 landings an hour, about 10 more than currently, Lee said.

UPS is readying its fleet of Boeing planes for the system and expects to begin implementing on a full-scale in August.

UPS expects the initial introduction of the system to take three to five years.

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UPS to open 150 access points in next five years

Posted by | Dec 1, 2006 | |

United Parcel Service (UPS) will set up 150 access points (UPS Store) in India in the next five years.
US Under Secretary for International Trade Franklin L Lavin unveiled company’s plan to open 150 UPS Stores over next five years here today, while speaking on the first anniversary of the UPS Stores in India.

UPS will rework their India operations once they get rights to set up and operate a hub in Shanghai from 2007 from the Chinese government, said UPS’ Vice President, Public Affairs( Asia Pacific Region), Steven R Okun.

Currently the company is operating eight freighter services from Mumbai through their MD 11 aircraft.

The US Under Secretary, who is currently in India to lead an US business delegation in the just concluded US-India Business Summmit said,”The operations of UPS Stores across India will be a positive step for the booming Indian economy.” UPS opened their second access point in Delhi recently and will be opening their access points in Pune and Bangalore shortly, said Jetair’s CEO, Mahiyar M Sadri.

UPS has a tie-up with Jetair Private Ltd, general sales agent (GSA) for Jet Airways, to augment their supply chain network in India

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