Tag: FedEx

FedEx Express Believes in the Potential of Small and Medium Businesses in Santa Catarina and Launches the PyMEx Program in the State

Posted by | Apr 13, 2008 | |

FedEx Expres launched its PyMEx program in the Santa Catarina State, after its success in São Paulo. Created in 2005, the program consists of a series of benefits such as seminars, workshops, discounts, etc. for the small and medium exporters to connect them to the global market.
FedEx Express Latin America and Caribbean services more than 50 countries and territories and employs more than 3,400 people committed to total customer satisfaction. FedEx Express LAC has acted as a pillar of growth for the region and continues its commitment through the FedEx PyMEx Membership program, the first initiative to partner with small and medium exporters by offering innovative ways to access the global marketplace.

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UPS & FedEx eye overseas growth

Posted by | Apr 10, 2008 | |

With the U.S. economy waning and its outlook for recovery uncertain, the shipping industry, too, is eyeing overseas growth opportunities to offset tough times at home.

But while bellwethers like UPS Inc. and FedEx Corp. seek to reduce their dependency on the wobbly domestic economy, they still cannot afford to stop focusing on their core U.S. operations, analysts say.

UPS cut its first-quarter earnings forecast because of higher fuel costs, a weakening U.S. economy and reduced domestic package volume.

Last month, reported a 6 percent drop in third-quarter earnings and said a slow economy and high fuel prices are expected to continue cutting into profits. It predicted fourth-quarter earnings would be lower than a year ago and its earnings growth would be limited in the next fiscal year.

The company said that by 2010, it intends to increase to 40 percent the percentage of its operating income that comes from its international and supply chain/freight operations. That compares to 32 percent last year.

In turn, it intends to reduce from 68 percent to 60 percent the percentage of its operating income that comes from U.S. domestic operations. UPS is eyeing China, India and Europe for growth opportunities.

FedEx, meanwhile, said last month that it is depending heavily on its ongoing growth overseas. Sales at the company’s cargo airline saw double-digit growth recently primarily because of growth in international express shipments.

But analysts who follow UPS and FedEx said the shippers will still need to rely on their home market in years to come.

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Business Post Group: Pre-close period trading update

Posted by | Apr 9, 2008 | |

Business Post Group plc issued the following pre-close period trading update for the year ended 31 March 2008.

Group revenues for the financial year increased by 10.1pct on the previous year. Excluding the revenues from the FedEx contract, which terminated on 30 April 2007, underlying Group revenue increased by 16.5pct.

The company continues to see good growth in the B2B parcels business which represents around 80pct of parcels revenues. In B2C, which represents 15pct of the parcels business, the company is seeing an improving trend of performance.

Revenues in our Mail business, UK Mail, increased by some 50pct on the previous year, derived from both new contract wins and substantial further business from existing customers. The company claims to handle some 10pct of all mail collected in the UK.

Revenues in Specialist Services are now recovering with the fourth quarter showing growth.

The courier business, now trading under the UK Mail brand, has recently won a number of new same-day contracts.

The Group has maintained strong revenue growth, both during the fourth quarter and for the year as a whole. The overall performance is in line with the Board’s expectations.
Business Post Group plc will report its preliminary results for the year ended 31 March 2008 on 21 May 2008.

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USPS: Online shipping discounts coming in May

Posted by | Apr 7, 2008 | |

For the first time ever, the U.S. Postal Service is offering discounts based on volume, as well as other incentives including online discounts, for Express Mail, Priority Mail and other shipping services, effective May 12, according to the USPS. These rate changes are now possible due to a change in federal law, enabling the Postal Service to better compete in the shipping market, said Steve Rifai, director of marketing for Endicia, an Internet postage service and an approved licensed vendor of the USPS.

“Before, you could negotiate rates, say, with FedEx, but you couldn’t with the post office because the rates were set by its over-site committee,” said Rifai. “Now with the new law, the post office can act as a competitive organization, so it has much more flexibility in setting prices.”

With the new rates going into effect May 12, the good news for e-tailers is that the post office is offering discounts for those who use online shipping tools.

Postal service shipping products are currently priced by a “one price fits all” approach — customers pay the same price per piece regardless of the number of packages sent or the method of payment. Beginning May 12, customers will be able to take advantage of commercial volume pricing, minimum volume rebates, online price breaks and other pricing incentives.

For overseas shipping, Rifai said there are additional discounts for e-tailers using online methods. Merchants will get an eight-percent online discount on Express Mail International, a five-percent online discount for Priority Mail International and a 10-percent reduction on Global Express Guaranteed.

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FedEx Express named “Business Superbrand”

Posted by | Apr 7, 2008 | |

Business Superbrands has named FedEx Express as one of the UK’s top ten business brands in the Business Superbrands 2008 list.

Selected as a Superbrand for its commitment to both its customers and its staff, this achievement is an outstanding reflection of the strength of the FedEx Express brand and its brand values, with the ranking based on quality, reliability and distinction. FedEx Express was chosen following a selection process which included tapping into the views of an independent and voluntary council of experts and over 1500 business professionals, the latter surveyed by research agency YouGov.

As a Business Superbrand, FedEx Express is the only company representing the transportation industry in the top 20, demonstrating the strength of the FedEx brand.

Business Superbrands is a unique initiative from the Superbrands organisation, the global branding arbiters. Business Superbrands is in its eighth year and has become a key barometer on the performance of brands across a wide variety of sectors.

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