Tag: Courier/Express/Parcels

UPS delivers a downgrade after bad Christmas period

Posted by | Jan 12, 2005 | |

United Parcel Service, the package delivery giant, yesterday cut its forecast for fourth-quarter earnings, blaming lower-than-expected volume and stormy weather during the peak Christmas period. The profit warning punctured the optimism that has surrounded the express delivery industry in recent months, which had benefited from a growing US economy and surging trade with Asia.
However, FedEx, the largest package delivery company after UPS, said it had experienced “a strong holiday season” and reaffirmed its existing profit guidance. UPS portrayed its problems as a short-term blip and reaffirmed its “positive” outlook for this year. UPS said fourth-quarter earnings-per-share were now expected to be 75-76 cents, down from an earlier guidance of 83-87 cents.

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FedEx reaffirms earnings guidance for third quarter

Posted by | Jan 11, 2005 | |

FedEx Corporation today reaffirmed its previous guidance of USD 0.90 to USD 1.00 per diluted share for the third quarter ending February 28, 2005. “FedEx experienced a strong holiday season,” said Alan B. Graf Jr., executive vice president and chief financial officer. “We continue to see favorable US and global economic conditions and demand for all of our transportation services is strong.”

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FedEx Custom Critical launches surface expedite services for Mexico

Posted by | Jan 10, 2005 | |

FedEx Custom Critical, a subsidiary of FedEx Corp. is expanding its portfolio to include surface expedite services to and from Mexico. This service provides customers with time-specific freight deliveries to and from Mexico, the United States and Canada. FedEx Custom Critical provides the transportation services for the U.S. and Canadian portions of these shipments, with premium carriers in Mexico handling the exclusive-use transit south of the US border. “Extending our surface expedite capabilities into Mexico adds another dimension to the solutions we can offer our customers,” said Virginia Albanese, vice president of service for FedEx Custom Critical.

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Deutsche Post renames foreign mail service

Posted by | Jan 7, 2005 | |

The international letter services of Deutsche Post, the German postal service operator, will now also undergo a change of name in Europe, from Deutsche Post Global Mail to DHL Global Mail. Through the name change for its global activities, the group aims to increas the significance of DHL further as its international brand. Domestic and international letter services in Germany will continue to be operated under the name of Deutsche Post.

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