Tag: FedEx

China air sector could grow by 10 percent

Posted by | Mar 19, 2007 | |

China’s aviation industry could expand by up to 10 percentage points above current growth rates if central controls are eased, the Centre for Asia Pacific Aviation (CAPA) said.

‘Double-digit air traffic growth is a certainly possible in an economy growing by 8-10 pct annually, but controls over fares, routes, aircraft purchases, airport charges, fuel supply and distribution services are keeping China’s aviation market from achieving its full potential,’ CAPA’s executive chairman Peter Harbison said in a report.

The report added that the current situation is unlikely to change soon.

Total domestic deregulation was attempted in the mid 1990’s with disastrous results on airline profitability and after the arduous airline consolidation efforts of the first part of this decade central controls will likely be maintained for the foreseeable future, the consultancy said.

‘An unfortunate by-product of these controls is that they may delay the advent of genuine domestic LCCs (low-cost carriers) in China’s market until the end of the decade,’ Harbison said, adding that China’s nascent independent private airline sector will find the going tough in this environment and will largely remain confined to serving niche roles.

Meanwhile, China Southern needs to quickly find a partner for its freight business or risk getting left behind, particularly with FedEx moving to Guangzhou, where China Southern is based, by 2008, CAPA said.

It added that China Eastern also needs a strategic investor to help turn around its struggling operation in the highly competitive Shanghai market.

CAPA also said that foreign investment in China’s airport sector is expected to gain momentum in 2007, led by Changi Airport International’s breakthrough agreement in Nanjing.

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USPS partners with eBay

Posted by | Mar 17, 2007 | |

The U.S. Postal Service, which has lost many customers to cyber communication, is increasing online appeal by strengthening its eBay association.
More than 75 area eBayers attended seminars Friday at the Gary main post office on Martin Luther King Drive, learning how they could use the post office to ship CDs, books, antiques and other wares.
Cynthia Norfolk, USPS customer relations head for Gary said three seminars drew occasional sellers as well as online business runners: “Our attendees were seniors, young people, first-time buyers and sellers … some with some experience. We’re really pleased. This is the first one here in Gary.”
Norfolk said catering to the eBay segment has become a national trend for the company, which has actual eBay teams.
While people can relay messages via texting or e-mail, Norfolk said the U.S. Postal Service intends to remain a leader of delivering goods bartered online.
They, of course, contend with FedEx and UPS competition, but “We’re easier. We have delivery stops everyday. We have carrier pickup and free shipping materials,” she said.

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FedEx appoints new management at ANC Express

Posted by | Mar 16, 2007 | |

Following the acquisition of ANC Holdings Ltd in December 2006, FedEx Express has announced a new leadership team at ANC Express.

Current group operations director Michael Holt will become the new chief executive officer as of April 1, 2007. He replaces Mark Gittins who retires. FedEx Express veteran Trevor Hoyle will move to ANC to lead operations succeeding Holt from April 5, 2007.

“It has been a privilege to lead ANC as we have grown and developed the company, including the preparation for our next exciting steps forward under FedEx ownership,” said Gittins.

Robert Elliott, FedEx Express president, Europe, Middle East, Indian subcontinent and Africa added: “Mark Gittins’ drive to create a profitable, customer-focused organisation is what made ANC Holdings Ltd such an attractive acquisition for FedEx. He has been an excellent chief executive officer and I wish him all the best for his retirement.”

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FedEx board adopts majority-voting standard for election of directors

Posted by | Mar 13, 2007 | |

FedEx Corp. announced that its board of directors has amended the company’s bylaws to adopt a majority-voting standard in uncontested director elections and a resignation requirement for directors who fail to receive the required majority vote. The amended bylaws also prohibit the board from changing back to a plurality-voting standard without the approval of our shareowners. The bylaw amendments are effective immediately and will apply to all future elections of directors.

Under the new majority-voting standard, a director nominee will be elected only if the number of votes cast “for” the nominee exceeds the number of votes cast “against” the nominee. Previously, directors were elected under a plurality-voting standard, in which candidates receiving the most votes were elected regardless of whether those votes constituted a majority. Plurality voting will continue to apply in contested elections.

If an incumbent director does not receive the required vote for reelection, the amended bylaws require the board of directors, within 90 days after certification of the election results, to accept the director’s resignation unless there is a compelling reason not to do so and to promptly disclose its decision (including, if applicable, the reasons for rejecting the resignation) in an SEC filing.

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Chirac gets deal to safeguard universal post services

Posted by | Mar 9, 2007 | |

The commission wants to open postal markets to unrestricted competition, forcing E.U. nations to withdraw state support for national postal services.
Proposals put forward by the commission would have forced France to unwind its unlimited guarantee for all liabilities held by La Poste, which makes the company a low-risk borrower. The country’s 17,000 post offices would also have had to share the market with global mail carriers like TNT and Deutsche Post AG (DPW.XE), as well as express carriers like United Parcel Service Inc. (UPS) and FedEx Corp. (FDX).
France was one of the fiercest critics of the reforms, arguing the moves would crush La Poste and threaten services in small towns. Competitors would cherry pick the most profitable businesses, such as city deliveries, and neglect rural regions, it said.
The commission’s current proposal calls for prying opening the E.U. postal market by 2009.
While the E.U. heads of state and government Friday gave general backing to the commission’s plan, they shied away from endorsing the 2009 timeframe and kept open a wide window for France to keep protecting La Poste’s monopoly.
The leaders called for “further liberalization of the postal markets, while ensuring the financing of an efficient universal service.”

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