Tag: FedEx

UAE Express delivery firms to continue rapid growth

Posted by | Oct 13, 2007 | |

Express delivery and logistics companies in the Middle East would continue to enjoy a double-digit annual growth in their business in the coming few years as regional economies remain healthy, a senior industry official said.

“In the last five years the business has grown at a rate not seen in the past,” said Hamdi Osman, senior regional vice-president of express delivery firm FedEx.

He said among the key drivers of the business have been the re-export trade and sea-air cargo in the UAE.

“All of us are enjoying a double-digit growth,” Osman told Gulf News.

He said that an economic slowdown in the United States could have an impact on the industry’s pace of growth in the UAE.

FedEx’s express delivery business in the region grew by 20 per cent and air cargo soared by eight per cent last year, Osman said.

“The ground transport segment is the next frontier of growth,” he said.

Within the six-nation Gulf Cooperation Council (GCC) bloc, movement of cargo has been slowed by a lack of effective customs coordination.

Osman said it is “not a perfect scenario” on the UAE-Saudi Arabia border.

The company has a fleet of 800 vehicles in the GCC, including about 100 in the UAE.

FedEx plans to set up a large facility in Dubai Logistics City (DLC), a key part of Dubai World Central project that will create the Middle East’s biggest logistics and transportation hub in Jebel Ali.

Osman said the company is waiting for more details of how the goods are going to be moved between the existing Dubai airport and the proposed Jebel Ali airport.

A 500,000 square foot site has been proposed for FedEx in the area.

DLC has attracted some of the industry’s biggest players, including express operator Aramex, forwarding and logistics firm Danzas, logistics service providers Kuehne+Nagel and Panalpina.

By 2008 the zone expects to lease more than six million square meters of land.

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FedEx filing hints at plan to build USD 87 M hub in Toledo area

Posted by | Oct 5, 2007 | |

In another indication that it plans to remain in the Toledo metropolitan area, package shipper FedEx Ground yesterday applied for tax abatement to build a new regional hub in Perrysburg Township.

The company would move from its present location in South Toledo to a planned USD 87 million facility on a parcel east of the Buck Road and I-75 interchange.

Under its application submitted yesterday to Wood County, FedEx Ground is asking for a 100 percent tax abatement on improvements to the property in Perrysburg Township.

A spokesman for Toledo Mayor Carty Finkbeiner said the move would be good for FedEx, Toledo, and the township because of a proposed joint economic development agreement that would allow for water and sewer services and tax-sharing.

Currently, FedEx’s local terminal is on Reynolds Road near Angola Road. It has about 400 employees, according to its application.

FedEx’s application says it plans to spend USD 48 million on new construction and USD 39 million on equipment as well as USD 73,000 on furniture and fixtures.

Work on the project would begin in November and end in June, 2009.

The application states that FedEx would create 31 new full-time and 91 new part-time jobs over the first three years, with total new wages of USD 2.9 million.

The existing annual payroll is 152 full-time employees and 259 part-time employees, paid a total of USD 9.2 million a year.

Nationally, FedEx Ground is undergoing a USD 1.8 billion expansion.

FedEx Ground’s income tax is said to yield about USD 200,000 a year for Toledo.

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FedEx selects Newport for new central coast center

Posted by | Sep 28, 2007 | |

FedEx will start operations in and out of Newport, serving a region from Pacific City to Yachats, bringing in thousands of pounds of correspondence and packages to customers located here.

“We are really pleased FedEx has selected Newport,” said Airport Manager Dennis Reno. “FedEx has been a great group of folks with which to work, and we’re well underway in getting facilities ready for them. Expanded overnight services have been a priority for this airport and this area for some time, and I know folks are going to be pleased to have expanded FedEx service available here.”

FedEx’s new central coast operations center will be one of 30 new locations nationally.

FedEx is hiring staff to serve its new central coast operations center, primarily in delivery and shipping positions. “The potential for new job creation here is wonderful news,” said Economic Development Alliance of Lincoln County board chair David Green, a vice president with West Coast Bank. “Making it easier for area manufacturers and other businesses to send packages and correspondence internationally in rapid fashion is terrific. Several local companies have told us how much they’ve wanted expanded FedEx service here, and this is another part of making the ‘business climate’ of the Central Coast as vibrant as possible, which can be a challenge for rural economies such as ours.”

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Fedex and DHL lead customer surveys for transportation and warehousing in Mexico

Posted by | Sep 24, 2007 | |

A recent market study conducted by InfoAmericas included telephone interviews with 50 manufacturing company executives in Mexico City, Monterrey, Guadalajara and San Luís Potosí (22 percent of them decision makers for logistic providers contracting) revealed that, in Mexico, the “top-of-mind” leaders for transportation and warehousing companies are FedEx, followed by DHL and K+N tied for second, and UPS in third place. Respondents mentioned DHL most frequently as a second alternative, followed by FedEx and the duo K+N & UPS.

Branding managers measure top-of-mind awareness as an indicator of positioning within specific target market. Being the first brand mentioned by potential consumers surveyed is a good indication of an intention to purchase goods or services from the mentioned company.

Inadequate infrastructure limits Mexico’s competitiveness and impedes the functional integration of productive chains, from raw materials to finished and delivered products. Interviewees ranked standard government built (free) roads as the worst Mexican transportation infrastructure mode (6.2) followed by and railroads (6.5), well behind the better-scoring toll highways (8.0) and air and sea ports (7.9), both of which are privately built and managed.

Equally compelling and much less costly is the call to open up Mexican domestic trucking to international ownership, presently barred under the auspices of the NAFTA. Cross border logistics in Mexico have achieved their efficiency levels thanks to the investments by players like UPS, FedEx and DHL as well as YRC, K&N, Panalpina, and others. Their technology and global best practices are essential to raising competitiveness. They have been a shot in the arm to Mexico’s cross-border sector – now they are needed in Mexico’s domestic trucking market.

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FedEx Corp. elects Gary Loveman as new Director

Posted by | Sep 24, 2007 | |

Shareowners of FedEx Corp. today elected Gary W. Loveman, Chairman, President and Chief Executive Officer of Harrahs Entertainment, Inc., a provider of branded casino entertainment, to the corporations Board of Directors for a one-year term. The Board of Directors has appointed Loveman as a member of its Audit and Information Technology Oversight committees.

Gary is a highly welcome addition to our Board of Directors, said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. We look forward to benefiting immediately from his leadership experience and keen insight.

Before joining Harrahs Entertainment in 1998, Loveman was an associate professor of business administration at the Harvard University Graduate School of Business Administration. Loveman was awarded a Ph.D. in economics from the Massachusetts Institute of Technology and a B.A. in economics from Wesleyan University. He serves on the board of directors of Harrahs Entertainment and is an outside director of Coach, Inc.

At its annual meeting today, shareowners also reelected the other thirteen director nominees, each for a one-year term: Frederick W. Smith, James L. Barksdale, August A. Busch IV, John A. Edwardson, Judith L. Estrin, Philip Greer, J.R. Hyde, III, Shirley A. Jackson, Steven R. Loranger, Charles T. Manatt, Joshua I. Smith, Paul S. Walsh and Peter S. Willmott.

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