Tag: Courier/Express/Parcels

Federal Mediator calls for recess in UPS pilot talks

Posted by | Dec 23, 2005 | |

UPS today said the federal mediator in charge of negotiations between UPS and the Independent Pilots Association (IPA) has put the talks in an indefinite recess. In the NMB’s notification to the parties, the negotiations have been placed in an indefinite recess as of December 23, 2005. Although no future mediation sessions have been scheduled at this time, the mediator indicates both sides should “re-evaluate negotiating positions with respect to the remaining issues and prepare to bring the negotiations to a successful conclusion.” There can be no strike or work stoppage while the parties are in recess. UPS pilots are legally obligated under the Railway Labor Act to continue working under the existing contract during any recess.

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Court suspends Chronopost restructuring plan

Posted by | Dec 22, 2005 | |

The district court in Nanterre, near Paris, has suspended the restructuring plan of Chronopost, the express parcel subsidiary of the French post office, La Poste. The court found irregularities in the way in which the Chronopost works council was informed about the plan, which includes 540 job cuts.

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Deutsche Post plans acquisitions to expand in Central Europe

Posted by | Dec 22, 2005 | |

Deutsche Post AG plans to make additional acquisitions in Central Europe in order to expand its business in the rapidly growing region, Claude Begle, managing director of DHL Express Central Europe, told the Financial Times Deutschland. ‘We are determined to rapidly expand our Central European operations,’ Begle told the newspaper. Begle, who also serves as the chief operating officer for DHL Express Germany, declined to name any specific acquisitions targets. However, financial industry sources said Deutsche Post is close to acquiring two more parcel delivery firms.

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DHL announces rate hikes

Posted by | Dec 22, 2005 | |

DHL, following in the footsteps of rivals UPS, FedEx and the US Postal Service, announced it rate increases for 2006. Effective Jan. 2, rates for DHL@Home, the company’s expedited business-to-residence shipping service, will increase by an average of 6.5 percent. Rates for DHL Global Mail International will rise by an average 9 percent. A 7 percent increase for DHL Global Mail domestic will take effect on Jan 8. Jonathan Baker, a DHL spokesman, said the new rates are timed to coincide with new US postal rates scheduled to be implemented in mid-January. Rates for DHL Domestic and International Air Express will increase 5.5 percent, and DHL Ground Service will go up 3.9 percent, effective Feb. 5.

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FedEx net income surges 33 percent; annual earnings outlook raised

Posted by | Dec 21, 2005 | |

FedEx Corporation today reported earnings of USD1.53 per diluted share for the second quarter ended November 30, compared to USD1.15 per diluted share a year ago, an increase of 33%. FedEx Corp. reported the following consolidated results for the second quarter: revenue of USD8.09 billion, up 10% from USD7.33 billion the previous year, operating income of USD790 million, up 32% from USD600 million a year ago, operating margin of 9.8%, up from last year’s 8.2%, net income of USD471 million, up 33% from USD354 million the previous year. “Customer demand for our broad portfolio of transportation services, a disciplined pricing approach by FedEx and strong productivity gains led to a sharp improvement in our operating margins,” said Frederick W. Smith, chairman, president and chief executive officer. “FedEx is also benefiting from solid economic growth year over year in the US and Asian economies, which we expect to continue in 2006.”

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