Tag: FedEx

FedEx scrapping four flights a week from Manchester to US

Posted by | Sep 8, 2008 | |

FedEx is cutting services from Manchester Airport just a year after its widely-publicised introduction.

Four direct flights a week between FedEx’s super hub in Memphis and Manchester on a wide-bodied Boeing MD 11 aircraft are to be scrapped and replaced with feeder flights to Stansted on a much smaller ATR 72 aircraft.

Last year, the company took out advertisements at poster sites and in the business press with the strapline “From the M66 to Route 66 by 10.30 next day”, but the changes to the service mean that businesses in Manchester will no longer benefit from next-day deliveries of larger freight goods to the US.

Services for smaller packages, under 68 kilos, will not be affected by the changes but some customers in the Manchester area may have earlier cut off times to deliver their packages to FedEx depots.

FedEx said none of its 84 employees in Greater Manchester would be losing their jobs as a result of the shake-up, but two workers at the airport were being relocated to the Manchester depot.

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International air express fuel surcharges stable as oil prices sink

Posted by | Sep 5, 2008 | |

DHL, FedEx, UPS and TNT are keeping their fuel surcharges for air express shipments generally stable in September against a background of falling oil prices, CEP-Research analysis shows. In recent months, fuel surcharges had risen rapidly to the constantly increasing fuel prices.

However, fuel costs are now sinking again due to the weakening demand for oil products over the past four weeks, the news agency Reuters reported. The decreasing demand for oil products is reported to be due to rising concerns about the continuously worsening economy.

The four leading express carriers calculate their fuel surcharges based on indexes showing the previous month’s oil price level and announce them in advance for the following month. The surcharges thus reflect the oil prices of two months ago and do not fully reflect the current sharp downward trend in oil prices.

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Integrator stocks fluctuate amid takeover speculation, market slowdown and high oil prices

Posted by | Sep 4, 2008 | |

Shares of TNT, UPS, FedEx and DHL parent Deutsche Post World Net have fluctuated dramatically over the last two months due to a mix of factors including takeover speculation, the impact of the economic slowdown and rising oil prices, a CEP-Research analysis showed.
TNT, UPS and FedEx ended August showing increases compared to the end of June after repeated speculation during July and August that UPS and FedEx were each in talks with TNT over a possible acquisition. The reported deals followed the recent economic downturn and rising fuel costs that have hit the demand for package deliveries and led to a revival of merger discussions.
TNT shares were up 13.29pct to EUR 25.50 as of August 29 compared to 26 June.
The two US integrators, FedEx and UPS, have also been impacted by the takeover rumours with their shares rising over the last two months, although other factors such as the US downturn and the strong rise in fuel prices also played major roles in the share performance.
FedEx experienced a moderate share price increase of 5.71pct as of August 29 compared to the end of June.
DPWN shares were negatively impacted during the last two months by rising oil prices and worsening economic conditions as well as by the widespread reports about the restructuring of the DHL Express US business, and political opposition to the planned Wilmington hub closure in particular. The company’s shares dropped by 4.98pct to EUR 15.85 as of August 29 compared to two months previously.

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Strong growth of express cargo volumes at Marseille airport (France)

Posted by | Sep 4, 2008 | |

Express cargo volumes at Marseille airport grew strongly by 14.3 pct to 18,000 tonnes in the first six months of the year due to extended operations by express carriers.

Marseille is France’s leading airport after Paris for express cargo with TNT, Chronopost, DHL, TAT Express and Europe Airpost located at the site and FedEx and Ciblex also operating there. The positive development in express cargo volumes at Marseille airport is due to the carriers’ extended operations at the airport.

Overall, Marseille airport handled nearly 12,700 tonnes of freight during the first half of 2008, which is an increase of 7.9 pct compared to the first half of last year. Traditional freight decreased by 15 pct to 3,700 tonnes compared to the first half of 2007.

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FedEx Freight and BP Solar complete second solar power installation (U.S)

Posted by | Sep 4, 2008 | |

FedEx Corp. and BP Solar announced the completion and activation of a second project together: a solar system for a FedEx Freight distribution center in Fontana, California. The 269 kW (kilowatt) rooftop solar array utilizes BP Solar modules.

FedEx is committed to integrating the use of renewable technologies into its operations. FedEx Express built and operates a solar-powered hub in Oakland, California, that produces power equivalent to that used by more than 900 homes during the daytime. FedEx will be adding solar to its Cologne, Germany hub when it opens in 2010. FedEx also operates the largest fleet of commercial hybrid trucks in North America, which improve fuel economy by 42 percent, reduce greenhouse gas emissions by approximately 30 percent and cut particulate pollution by 96 percent.

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