Federal Express Corp. has added Iraq to its global network, offering door-to-door pick up and delivery for shipments in and out of the cities of Baghdad, Basra and Mosul. “Iraq has the potential to be one of the fastest growing economies and will require integrated end-to-end transportation solutions,” said Hamdi Osman, regional vice president, FedEx Middle East, Indian Sub-Continent and Africa.
Read MoreCongress is considering legislation that would reinforce restrictions on foreign ownership of US airlines, in an attempt to ensure business for US carriers.
The Senate spending bill for the Federal Aviation Administration (FAA) includes language that would specify that US carriers should be controlled by US citizens.
The move comes as DHL Airways, part-owned by Deutsche Post, tries to convince the Department of Transportation (DOT) that it is not “effectively” foreign-owned. “If the present arrangement is allowed to stand, the Department of Transportation will set a precedent that allows foreign governments to compete with US companies for business which, by statute, is reserved to US carriers,” said Ted Stevens, the Alaska Republican who sponsored the language in the Senate bill.
Read MoreThe uproar in the United States about who is pulling the strings behind DHL Airways and Deutsche Post’s proposed purchase of Airborne Express has a familiar timbre to it.
As is often the case, politics, especially the politics of profit making, makes for strange bedfellows. Arch-rivals Federal Express (FedEx) and United Parcel Service (UPS), whose names are dirty words in the oppositions’ Memphis and Atlanta headquarters, have banded together to block what they see as a sinister incursion into their USD30 billion domestic air cargo market by the subsidiaries of the German postal giant.
Read MoreFedEx Express announced that an operational agreement with its Portuguese Global Service Participant, Rangel, has been extended to May 2010. Rangel Expresso S.A has been the exclusive, authorized representative of FedEx in Portugal since 1999.
Read MoreFedEx Express on Tuesday introduced a low-emission, hybrid electric-powered delivery vehicle that could become a standard medium-duty delivery truck for the carrier. The new vehicle will decrease particulate emissions by 90 percent, reduce smog-causing emissions by 75 percent and increase fuel efficiency by 50 percent, according to FedEx Express, a subsidiary of FedEx Corp.
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