Tag: FedEx

FedEx to open Asia-Pacific Hub in Guangzhou

Posted by | Jul 11, 2008 | |

FedEx Corporation says its Asia-Pacific transport center is to complete construction in the Guangzhou Baiyun Airport at the end of July 2008, citing a report.

Covering a land area of about 1.634 million square meters east aside of the airports eastern runway, the hub is FedEx’s biggest one in Asia-Pacific, composed of a service zone and a flight zone. And the service zone has passed regulatory review to start business on July 9.

It is equipped with an emergency electricity generating system, capable of resuming power supply eight to 14 seconds after power cut. Its distribution center is designed with first-class lightning protection, and is able to resist eight to whole gale as well as strong earthquake.

The transport base is expected to have a daily throughput of 1,823 tons, including 179,000 express parcels. And local officials hope that it would lure more investors into Guangdong Province.

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Global integrators keep driving up fuel surcharges for air express

Posted by | Jul 11, 2008 | |

Top express companies including DHL, FedEx, UPS and TNT have further increased their fuel surcharges for air express shipments in July as a result of dramatically rising oil prices around the world.
DHL Express hiked its US air express and international fuel surcharge to 34 pct for the 29 June – 2 August period compared to 30 pct in June and 27 pct in May.
In Europe, DHL currently has an air express surcharge of 20 pct, up from 18.5 pct in June and 17.5 pct in May. In Asia Pacific, DHL’s fuel surcharge has risen from 21.5 pct in May and 23.5 pct in June to 26.5 pct in July.
FedEx Express increased its fuel surcharge for US domestic, import and export shipments to 32.5 pct for the July 7 – August 3 period from a previous 28 pct in June and 25 pct in May. In Europe, Middle East, India and Africa (EMEA), the FedEx fuel surcharge was hiked to 20 pct for July 7 – August 3 from 18 pct in June and 17 pct in May.
In Asia, where its surcharges vary by country, the July export shipment fuel surcharge in Singapore is 24.5 pct, up from 22 pct in June and 20.5 pct in May. The import shipment fuel surcharge for July is 26.5 pct, up from 24 pct in June and 22.5 in May. In Hong Kong, the FedEx fuel surcharge for exports and imports is 24.5 pct for July, up from 22 pct in June and 20.5 pct in May.
UPS has increased its US domestic and international air express fuel surcharge to 32.5 pct effective July 7 from the previous 28 pct applied in June and the 25 pct charged in May. In Europe, UPS hiked its fuel surcharge for express and expedited shipments to 20 pct from July 7 onwards from the previous level of 18.5 pct in June and 17.5 pct in May. In Asia, the UPS package service fuel surcharge went up to 24.5 pct on July 7 from 22 pct in June and 20.5 pct in May.
TNT Express increased its European fuel surcharge to 21.5 pct for the June 30 – 3 August period from 20 pct in June. In the UK, where it has different fuel surcharges, the global express surcharge went up to 13 pct in July from 11.5 pct in June. The separate UK domestic and economy express surcharge increased to 6.5 pct in July compared to the June and May figure of 5.5 pct. In the rest of the world (excluding the Americas), the TNT surcharge is at 27 pct for July compared to 23 pct in June. In North America, its fuel surcharge rose to 34.5 pct in July from 30 pct in June.

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FedEx Hybrid-Electric Fleet Passes Two Million Miles

Posted by | Jul 10, 2008 | |

FedEx Express, announced that its hybrid truck fleet has surpassed 3.2 million kilometers, or more than two million miles of revenue service.

On average, the FedEx Express hybrid vehicles improve fuel economy by 42 percent, reduce greenhouse gas emissions by approximately 30 percent and cut particulate pollution by 96 percent.

With 10 new hybrid vehicles to be introduced into its European operations in June, FedEx Express is making strategic investments in projects that will help drive the development of new innovative technologies for the industry.

FedEx is committed to effective environmental management through investment in new technology and making its infrastructure and operations more efficient.

The FedEx Express hybrid vehicles are part of a broader sustainable transportation strategy, which includes the use of cleaner-technology vehicles, efficient-sized vehicles, optimized route restructuring and new fuel-efficient aircraft. In addition, FedEx Express is a founding member of CAREX, an association which promotes the development of a high-speed freight rail network within Europe, using existing rail links to deliver express cargo to Europe’s major trade points, thus reducing noise and carbon emissions.

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FedEx launches Express Your Vote initiative for the upcoming 2008 Presidential election (U.S)

Posted by | Jul 9, 2008 | |

FedEx Express announced its support of Express Your Vote, an initiative of the Overseas Vote Foundation (OVF), a nonprofit, nonpartisan organization dedicated to ensuring an estimated six million overseas Americans have the ability to effectively participate in the federal electoral process.

With FedEx supporting this initiative, Americans abroad in 89 countries will be able to access express delivery of their absentee ballots between September 15 – October 29 of the 2008 election year.

The innovative Express Your Vote program will provide American voters abroad the convenience of online shipping, track and trace capabilities, and proactive proof of delivery through the Overseas Vote Foundation Web site, which has been developed with the latest advanced automation solutions from FedEx.

Statistics from the U.S. Election Assistance Commission’s 2006 Uniformed and Overseas Citizens Absentee Voting Act Report” indicated that the third most common reason for ballots being rejected and not counted was because the ballots were returned to local election offices after the deadline.

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Integrator share prices slump as oil prices soar

Posted by | Jul 8, 2008 | |

Stock prices of top express companies including DHL parent Deutsche Post World Net, TNT, UPS and FedEx have fallen dramatically over the last six months, primarily due to rising oil prices and worsening economic conditions.

DPWN has experienced the most dramatic fall. Its June 30 share price of EUR 16.60 represented a 17.5 pct fall on the previous month and a 28.5pct slump compared to January 2, 2008.

TNT shares also fell sharply by 14.5pct to EUR 21.72 as of June 30 compared to one month earlier, and ended the first half of 2008 with an overall decrease of 22.2pct. Despite the completion of a EUR 500 million share buyback programme, its stock price was negatively impacted by the weaker economic environment, rising oil prices and a Q1 profit drop of 17.7pct.

UPS suffered a share price drop of 14.1pct to USD 61.47 as of June 30 compared to the previous month. The six-month drop in the share price was slightly lower at 12.5pct. In Q1, the slowing US economy and unprecedented increase in the cost of fuel along with additional charges for aircraft retirement and redundancies caused lower-than-expected US package volume and an accelerating contraction in the use of premium air products which resulted in a double-digit drop in profit.

FedEx is also suffering from the triple impact of soaring fuel prices, the weak US economy and financial charges causing its shares to fall by 14.5pct to USD 78.79 as of June 30 compared to May 30. It had the lowest half-year share price fall of the “Big Four” with 8.55pct.

Trying to compensate for higher fuel costs, the four integrators increased their air fuel surcharges dramatically to the 20pct – 30pct range last month as soaring oil prices drove up operating costs.

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