Tag: FedEx

New FedEx distribution center

Posted by | Jun 16, 2007 | |

The South Brunswick Planning Board approved what will soon become a new Federal Express distribution center last week.

The owner of the property, Matrix Development Group, will now begin construction on a 213,000-square-foot distribution center for the delivery company. Currently, the property is the site of a small office building that will be demolished when the tenant’s lease runs out in 2011, which will prompt Phase II of the development, adding 52,000 additional square feet of space.

An application for a 407,400-square-foot warehouse on the tract was approved in July. The plan proposed last week will shrink the already approved warehouse by almost 200,000 square feet to meet FedEx’s needs.

A principal with Matrix, Kenneth Griffin, said that after approval, the company began seeking tenants for the building and eventually struck a deal with FedEx. The delivery company needed a new distribution facility, which has different design needs than an ordinary warehouse, and plans for a new application were created. Griffin said the location was ideal for the company due to its proximity of Exit 8A on the New Jersey Turnpike.

In the first phase, the facility will employ 344 people, 111 of which will be van drivers. The second phase will bring 183 extra employees. The building will use porous pavement in a little less than 10 percent of its employee parking lot in order to control stormwater.

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Technology keeps reshaping Postal Service

Posted by | Jun 15, 2007 | |

The competition starting heating up for the Postal Service in the 1990s, when the Internet and e-mail became a household feature and private package delivery services started becoming more popular, such as UPS, FedEx and DHL.

USPS has kept up with its competition by offering more convenient services like Click-and-Ship, where postage can be paid for and shipping labels printed from your home computer. The package can be picked up at your home with free delivery confirmation letting the sender track the package, says Antonio Ruiz, Sebastian Post Office Officer-in-Charge.

A reduction in business, especially its core product or single-piece first-class mail and a slowing in growth of all first-class mail, Breckenridge says, also made the USPS review its business strategies.

Reasons for dwindling Post Office business includes many new and convenient features that computers offer, such as:

• personal bill pay, i.e. a lot fewer bills traveling through “snail” mail;

• online banking and bank statements, i.e. a lot fewer bank statements and other banking correspondence in the mail;

• other statements being offered through e-mail, i.e. insurance;

• Internet shopping, i.e. merchandise comes directly from a store or manufacturer, eliminating the need to be sent via mail from person-to-person

• and e-mail, i.e. a lot fewer hand-written letters and cards.

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FedEx plans to add more India flights

Posted by | Jun 15, 2007 | |

FedEx will increase flights to India in response to growing demand as the country’s air express and cargo markets take off, a senior executive said.

The US integrator expects manufacturing industries such as cars, telecoms and pharmaceuticals to grow in India, foresees rising demand for consumer goods, and believes that improved transport infrastructure will boost the express sector, Michael Mühlberger, FedEx vice president operations Central and Eastern Europe, told the Air Cargo Europe conference at the Transport Logistic fair in Munich this week.

Mühlberger pointed out that poor road connections were playing a role in driving the domestic air express market, but even as road infrastructure improved, air express flights would remain necessary to the distances between the sub-continent’s economic centres.

Ram Menen, head of Emirates Cargo, told the conference that Dubai and Singapore would continue to act as air cargo gateways to India in the future with multiple services to Indian cities due to the poor condition and insufficient capacity of the country’s road and air infrastructure. The USD 14 billion Indian logistics market is growing at about 7% a year, and had excellent growth prospects due to the country’s strong economic growth and demographic structure, he added.

Tom Hoang, Boeing regional director, said that Europe, the Far East and the Middle East were the main air cargo import and export destinations for India. The Indian domestic air cargo market would grow at about 9% a year over the next 20 years, he predicted.

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FedEx unveils new Canadian headquarters, service center

Posted by | Jun 15, 2007 | |

FedEx Freight Canada, unveiled on Thursday its Canadian headquarters as part of an aggressive growth plan.

FedEx Freight Canada also officially unveiled a 48-dock Toronto service center.

“This new facility establishes a strong base from which FedEx Freight Canada will quickly expand its operations across the country,” FedEx Freight Canada vice president and general manager Grant Crawford said in a statement. “From British Columbia to Nova Scotia, we offer (less-than-truckload) customers the service excellence and reliability they’ve come to expect from the FedEx brand.”

FedEx Freight Canada began operations in February offering less-than-truckload and cargo services both within Canada and across the U.S. border.

The subsidiary of the Memphis-based shipping and package service was created from an acquisition last year of Watkins Motor Lines and Watkins Canada Express.

FedEx Freight Canada already operates pickup and delivery services in Vancouver, Winnipeg, Calgary, Montreal and London, Ontario, with plans to add service centers in Ottawa, Cambridge, Edmonton, Halifax and Quebec City.

FedEx Freight Canada also plans to expand facilities in Winnipeg and Calgary.

The corporation already operated a Canadian small package delivery service not related with its freight division.

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United Parcel Service Ranks No. 43 on the 2007 Fortune 500

Posted by | Jun 13, 2007 | |

United Parcel Service ranks no. 43 on FORTUNE’s list of America’s largest corporations.

UPS was ranked No. 44 on the 2006 list. Its 2006 revenues were up 11.7 percent from the previous year; profits were up 8.6 percent from the previous year.

Other companies in the Mail, Package, Freight Delivery sector on this year’s Fortune 500 include: FedEx ranked No. 68.

Last year, Fortune 500 firms, which cover a large swath of the U.S. economy including 31 non-public companies, earned a record USD 785 billion, up 29 percent from 2005. “Put simply, American companies are enjoying the most sumptuously profitable period in the 500’s 53-year history,” said Shawn Tully, Fortune’s editor at large. “Virtually every conceivable force, from mild labor costs to a falling dollar to soaring productivity, has favored big companies.”

The Fortune 500 ranks companies based on revenues. New York boasts the most Fortune 500 firms this year with 57 companies, while Texas and California took the No. 2 and 3 spots, with 45 and 22 headquarters respectively.

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