Tag: FedEx Corp

FedEx, UPS want Deutsche Post, DHL execs held in contempt

Posted by | Jul 1, 2003 | |

The trans-Atlantic dispute among the world’s package delivery giants over the ownership of DHL Airways has grown even nastier. FedEx Corp. and United Parcel Service have asked the administrative law judge overseeing the case to hold the chief executives of Deutsche Post World Net and DHL International in contempt for refusing to comply with the judge’s order to testify about their relationship with DHL Airways, a U.S.-based cargo airline with approximately 34 aircraft. Deutsche Post and DHL, in turn, have asked the judge to quash the subpoenas ordering Klaus Zumwinkel, chief executive of Deutsche Post, and Uwe Doerken, chief executive of DHL International, to testify.

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FedEx Corp. Reports Record Revenue and Earnings; Fourth Quarter Net Income Increases 19 Percent

Posted by | Jun 24, 2003 | |

FedEx Corporation today reported earnings of USD 0.92 per diluted share for the quarter ended May 31, compared to USD 0.78 per diluted share reported last year.
FedEx Corp. reported the following consolidated results for the fourth quarter: revenue of USD5.83 billion, up 8% from USD5.42 billion the previous year, operating income of USD492 million, up 18% from USD416 million a year ago, net income of USD280 million, up 19% from last year’s USD236 million. Total average daily package volume at FedEx Express and FedEx Ground grew a combined 5% year over year for the quarter, due to continued strong growth at Ground and in international express shipments.

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FedEx offering return service

Posted by | Jun 2, 2003 | |

FedEx Corp. is expected on Monday to introduce FedEx Consolidated Return Service, a new service for direct marketers. Under the service, which is designed for retailers with more than 150 returns daily, customers can drop off an item to be returned at any FedEx World Service Center or FedEx Authorized Ship Center using a pre-authorized number provided by the merchant. Cost varies by weight and distance.

FedEx said consumers will benefit, because they can drop off items at any FedEx service center and receive credit promptly.

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Fedex plans Bahrain facility

Posted by | May 29, 2003 | |

FedEx Corp. will build a new state-of-the-art warehouse and distribution center in Bahrain. Scheduled to open in October, the facility and office building will be located at the Bahrain International Airport.

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Japan Post to send 45 staff to foreign firms for training

Posted by | May 20, 2003 | |

Japan Post plans to send 45 employees to internationally acclaimed corporations in the fields of mail, parcel and cargo delivery and financial services during a four-year period starting this fall, Japan Post officials said Tuesday. Japan Post is now asking such firms as FedEx Corp., Merrill Lynch & Co., both of the United States, ING Bank of the Netherlands, and Deutsche Bank and Deutsche Post of Germany to accept trainees from Japan, the officials said.

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