Tag: Courier/Express/Parcels

FedEx Corp. elects Steve Loranger, ITT chairman, as new director

Posted by | Sep 25, 2006 | |

Shareowners of FedEx Corp. today elected Steven R. Loranger, chairman, president and chief executive officer of ITT Corporation, to the corporation’s Board of Directors for a one-year term. The Board of Directors has appointed Loranger as a member of its Audit committee.

Before being named to his current position at ITT Corporation, a global, multi-industry engineering and manufacturing company, Loranger was executive vice president and chief operating officer of Textron, Inc., a global aircraft, industrial and finance company. Before joining Textron, Loranger held various executive positions at Honeywell International Inc. and its predecessor AlliedSignal, Inc., a technology and manufacturing company, including president and chief executive officer of Honeywell’s Engines, Systems and Services division. Loranger served as an officer and pilot in the United States Navy from 1975 to 1981. Loranger is a Phi Beta Kappa graduate of the University of Colorado, where he earned bachelor’s and master’s degrees in natural science.

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Board approves plan to replace narrow-body aircraft fleet with Boeing 757-200 aircraft

Posted by | Sep 25, 2006 | |

FedEx announced today a USD2.6 billion, multi-year program to acquire and modify nearly 90 Boeing 757-200 aircraft to replace FedEx Express’s narrow-body fleet of Boeing 727-200 aircraft. Subject to identification of suitable 757 aircraft to purchase and the successful negotiation of agreements to purchase such aircraft, FedEx Express expects to bring the new aircraft into service during the eight-year period between calendar year 2008 and 2016.

Compared to the 727 aircraft, the 757 has a 20 percent greater payload capacity, and has an approximately 25 percent lower operating cost per pound. Replacing the older 727 aircraft with the more fuel efficient and quieter 757 aircraft will have the effect of significantly reducing operating costs over time and providing better aircraft utilization efficiencies. In addition, the program will help to reduce greenhouse gas emissions and airport noise. The program is expected to have very positive financial benefits upon completion and although startup costs will be incurred, they will not materially affect earnings. The capital impact of the program on the current fiscal year was included in the company’s recent first quarter earnings release. The total FedEx capital spending forecast for fiscal 2007 remains at USD3.0 billion.

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Spanish parcels carrier Azkar extends national network

Posted by | Sep 22, 2006 | |

Azkar, one of Spain’s leading parcels and freight transport operators, has extended its nationwide network with the opening of two new distribution centres.

The company has strengthened its presence in the Basque region with a new distribution centre at Zubieta, near to Lasarte (Guipúzcoa). Substantially larger than its previous site in the area, the new facility covers 10,550 sqm on a plot of land covering 30,034 sqm.

Azkar said it has invested euro2.6 million in building and fitting out the warehouse, which has 89 docking bays, 38 for heavy vehicles and another 51 for local collection and delivery vehicles. The new centre is also fitted out with modern sorting systems and has capacity to handle more than 7,500 packages per hour. There are 2,600 pallet positions for logistics activities.

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Deutsche Post to shift road cargo business into logistics division

Posted by | Sep 22, 2006 | |

Deutsche Post AG said it will shift its road cargo business, with about 4.0 bln eur in annual sales, to its Logistics division from the Express division.

The company said the move will make Deutsche Post more transparent for investors because the Express division’s business activities will be easier to compare with competitors.

The realignment means all air, sea and road cargo forwarding businesses will be grouped within the Logistics division.

In addition, the Express division will be led by one member of the management board instead of two.

John Mullen will head the division, while Peter Kruse will depart and become a special representative of chief executive Klaus Zumwinkel.

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Global management structure of Deutschen Post World Net aligned

Posted by | Sep 22, 2006 | |

An alignment and strengthening of Deutsche Post World Net’s global management structure was announced by CEO Dr. Klaus Zumwinkel. All Air-, Sea- and Road-Cargo forwarding businesses will be grouped within the Logistics division. The Express division will be lead by one member of the management board instead of two.

With the integration of Exel into the Logistics division progressing well, now the road cargo business (Freight) with revenues of around 4 billion Euros will be separated out of the Express division and brought into the Logistics division as an own subdivision. With a central management of the European road cargo business the market position of DHL can be strengthened and further revenue potential can be realised. A triple-digit-million Euro worth of transport volume can be awarded to the Freight subdivision, which has so far been purchased by the Logistics division externally.

Management responsibility for the completed Logistics division is with board member John Allan. Dr. Peter Kruse leaves the management board in best mutual agreement and will assume a new role in the group as a special representative of the CEO. John Mullen now heads the Express division globally.

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