Tag: FedEx

Schenker of Canada to Launch New Courier Services Division

Posted by | Sep 24, 2007 | |

Schenker of Canada Limited today announced the coming launch of its new Courier Division with Kathy Kropf at the helm as Director. The Courier Division will officially launch later in Q4 of this year.

Ms. Kropf brings many years of logistics and transportation expertise to her new role. Most recently, she was Managing Director, Canadian World Wide Sales at FedEx Canada. As Director of Schenker’s new Courier Division, Ms. Kropf will plan and oversee the completion of the company’s offering in this critical part of the market.

Schenker’s Courier Division compliments the company’s growing suite of solutions for its customers. Combined with its strong credentials and partnership with Canada’s leading courier companies, which facilitate end-delivery, Schenker will provide a complete door to door transportation and logistics service. With the recent integration of BAX Global now complete, Schenker provides solutions for skid and package shipments. In fact, Schenker is the only company offering trans-border, domestic and international service with both heavy weight and courier integrated services.

From 1995 to 2007, Ms. Kropf held progressively more responsible positions with FedEx Canada, culminating in her Managing Director role which she held for over four years. Working with many Fortune 500 customers, Ms. Kropf was directly responsible for the strategic planning, execution and performance of the Canadian World Wide division. Prior to that role, Ms. Kropf was employed with FedEx Ground and Roadway Express.

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FedEx figures mark end to boom times

Posted by | Sep 24, 2007 | |

FedEx’s recently released First Quarter results seem to indicate a clear end to the boom that has driven the parcel carrier forward over the past five years, as the US slips into period of low or no growth.

At the corporate level FedEx reported revenue up year-on-year 8pct at USD 9.20billion. Both operating and net income were up 4pct but operating margin was down 0.4pct at 8.8pct. FedEx’s management attribute this fall in profits to a tougher market for Less than Trailer Load in the US.

The Express business is comparatively buoyant driven by its international business which grew in volume terms by 6pct. US traffic however shrank by 1pct. FedEx Express as a whole had a revenue of USD 5.89 billion in the quarter up 4pct year-on-year, whilst margins and income both strengthened.

The ‘FedEx Ground’ business had a strong quarter fuelled by the continued success of its ‘Home Delivery’ and commercial services. Here revenue jumped 14pct with operating income increasing 19pct to USD 190million. Margins have hit 11.7pct. The only issue in this otherwise strong business is changes to its supplier network in California, which FedEx insist will not affect costs.

The big problem area of this quarter was the LTL business in FedEx Freight. Revenue was strong over the quarter reporting an increase of 22pct, but operating income crashed downwards by 30pct, with operating margin almost halving at 8.5pct down from 14.8pct. This appears to indicate that FedEx is having to cut prices to gain volume in its expanded network, suggesting that it is not just the economy that is responsible for lower profits

The problem of Kinko’s has also not been solved with the senior management indicating that they are determined to hold onto the loss making print shop company despite no sign of a turn around in its fortunes.

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Business Post integrates its mail

Posted by | Sep 21, 2007 | |

Express Parcels and Mail is to become the brand name for Business Post’s express parcels and mail service. Previously the name only covered the group’s thriving postal business, but the decision has been taken to merge its parcels service under the UK Mail umbrella, as part of its integration strategy. Chief executive Guy Buswell is quick to explain that the firm is not dropping its parcels business: “Mail can mean anything these days. We think we can do better in parcels by changing…

Head of group marketing Nigel Proctor explains that the change links in with the company’s integration strategy, but without substantial cost: “We’re a private organization – the money has to be invested in the customer,” he says, adding that the group also wanted to “seize the opportunity” to remove the FedEx logo embossed on Business Post vehicles – a hangover from the FedEx contract Business Post lost after the US parcels giant purchased ANC late last year. “We don’t want to start the confusion [that it’s a rebranding]. The change is more around the integration,” Proctor says.

Subtle changes already in place, including single invoices and group tender processes, are helping the group to present a more integrated front, he adds. Business Post is also looking to relaunch the group website next month. But Proctor adds that while the intention is to “appear more joined up to the customer; it is going to be a long exercise”. The next step is to look more closely at group operations, he adds.

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Union: FedEx may pay drivers up to USD 33M

Posted by | Sep 21, 2007 | |

The Teamsters union said Friday FedEx Corp. may pay up to USD 33 million in incentives to delivery drivers in California, but a company spokesman says it hasn’t discussed the value of any payments with the union.

The incentives are designed to prompt California single-route drivers to take on more routes or sell existing ones. FedEx spokesman Maury Lane said the company and the Teamsters didn’t discuss the monetary value of the incentives.

Thursday, the package delivery company said the proposed incentives were in response to ‘current regulatory and legal uncertainty in California,’ which involve a dispute over the company’s drivers serving as independent contractors, rather than company employees.

The union said it’s also sponsoring a shareholder proposal at FedEx Corp.’s annual meeting on Monday that seeks to split the roles of chief executive and chairman, in an effort ‘to assure board independence and better corporate governance.’

Both roles are currently held by Fred Smith.

‘The proposal is based in part on the board of directors’ failure to instruct management to fully disclose the liabilities and potential financial impact of a major change in the FedEx Ground business model,’ the union said in a statement.

A spokesman for the union did not immediately return a call for additional comment.

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FedEx Freight Opens Addition to Support Growth

Posted by | Sep 21, 2007 | |

FedEx Freight East Inc. of Harrison held a grand opening Friday for its USD 12 million, 90,000-SF North Tower addition.

Gov. Mike Beebe, state and local officials and community leaders attended the opening of the expansion, which brings the existing facility to 303,645 SF.

Larry Miller, president and CEO of FedEx Freight, said the expansion would provide work areas for up to 500 employees as the company grows over the next few years.

When FedEx bought American Freightways Inc. from founder Sheridan Garrison in 2001, there were approximately 900 employees at the Harrison facility. Today there are more than 1,450 employees.

“The expansion of our facility in Harrison will provide the room we need as we continue our role as a leading provider of less-than-truckload services in the United States,” said Miller.

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