Tag: FedEx

FedEx calls for greater flying rights

Posted by | Nov 15, 2006 | |

Express cargo carrier Federal Express has called on the Hong Kong government to provide more fifth-freedom rights to US air cargo operators to run freighter services between Hong Kong and other northeast Asian cities.

“The Hong Kong government has opened up more of the skies in the past few years, but it needs to speed up more bilateral talks with foreign countries in the future,” said Clifton Chua, FedEx Express, managing director for Hong Kong, Macau and Philippines. FedEx Express is a subsidiary of FedEx Corp.

In October 2002, Hong Kong and the United States agreed to expand passenger and air cargo services under a pact which set the stage for a large increase, in three phases, in US airline rights to provide all-cargo services between Hong Kong and third countries, also called fifth-freedom rights. Opportunities have opened up for US carriers under the pact, but some restrictions on frequencies and routes still remain.

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FedEx drops Airbus order and goes with Boeing

Posted by | Nov 7, 2006 | |

FedEx Express, which is based in Memphis, Tenn., canceled its order for 10 Airbus A380 superjumbo jets and went with 15 Boeing 777 long-range aircraft.

The FedEx Corp. Tuesday said in a statement that “significant delays” in the A380 deliveries prompted the shift to the U.S. aeronautics giant.

Besides ordering 15 airborne freighters, each of which carries a list price of around USD236 million, FedEx also obtained an option for another 15 Boeing 777 aircraft.

“The availability and delivery timing of this aircraft, coupled with its attractive payload range and economics, make this choice the best decision for FedEx, its customers, shareowners and employees,” said FedEx Chief Executive Frederick Smith.

FedEx Express continues to be Airbus’ largest wide-body airplane customer and will add new and used Airbus wide-body aircraft to its fleet. Six new A300-600 aircraft are scheduled to join the FedEx fleet in 2007.

The 777 is the world’s largest twin-engine cargo aircraft with a range of more than 6,100 nautical miles and a revenue payload capacity of 171,000 pounds. FedEx expects to take delivery of four of the 777 aircraft in calendar year 2009, eight in 2010 and the remaining three in 2011.

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eBay proves virtual gold mine for Postal Service

Posted by | Nov 6, 2006 | |

Carol Johnson, of Centennial, laughs loudly when asked by telephone how she ships the products she sells on eBay.
“That’s what I’m doing right now,” she says.
“Fifteen of my items ended (their auctions) last night, and I’m wrapping them up.”
Johnson, as it turns out, is the quintessential eBay seller: She ships mostly via the U.S. Postal Service but uses United Parcel Service and Federal Express on occasion, especially for large items.
eBay has been a boon to shipping companies, expanding business for the likes of the Postal Service, UPS, FedEx and others.
Says eBay spokeswoman Catherine England: “We’re definitely a big contributor” to the U.S. package shipment industry.
The U.S. Postal Service is the clear shipper of choice and that’s helped resuscitate a flagging mail- delivery operation.
Postmaster General John Potter says eBay shippers have generated more than USD1 billion of postage since the two started working closely together more than two years ago.
“We’re huge with them, and we appreciate being with them,” says Al DeSarro, the Colorado spokesman for the Postal Service.

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Postal dept's FDI move fails to deter foreign investors

Posted by | Nov 6, 2006 | |

The postal department’s proposal to cap foreign direct investment (FDI) in courier services and make small parcels and letters the monopoly of India Post has failed to deter the interest of foreign investors in this booming sector.

While the Overseas Courier Services Company of Japan has firmed up plans to invest here, existing foreign players like Fedex and DHL are also pumping in additional investments.

Overseas Courier Services of Japan recently won the Foreign Investment Promotion Board (FIPB) nod to invest in the country on condition that the clearance would be subject to government’s policy decisions on the sector.

Fedex is now pumping USD30m more through an acquisition to beef up its business here while DHL is planning significant investments in the next couple of years. It is expected that other international players would also take interest since the current signal from the government is that there is no going back on liberalising this sector. Confusion had arisen over FDI in courier services after the postal department proposed that foreign investment ceiling in the sector should be brought down to 49% from the existing level of 100%.

Citing India Post’s universal service obligation (USO), the postal department had called for an amendment to the Indian Post Office Act to give exclusive rights to the government-owned service for carriage and delivery of letters all across India.

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FedEx Express to increase net average shipping rates 3.5 percent in 2007

Posted by | Nov 3, 2006 | |

FedEx Corp. will increase the net average shipping rate for FedEx Express by 3.5 percent, which is composed of a 5.5 percent average increase in standard list rates, offset by a 2.0 percentage point reduction in its fuel surcharge. The new rates will be effective Jan. 1, 2007 and apply to U.S. domestic and U.S. export express package and freight shipments.

The fuel surcharge also now will be levied on some transportation-based surcharges such as Residential and Delivery Area surcharge for all domestic shipments and for those U.S. export and U.S. import FedEx Express shipments paid by U.S. payers.

Additional changes will be made to other FedEx Express surcharges effective Jan. 1, 2007. The details of these surcharges will be available on fedex.com by Nov. 10, 2006.

FedEx also will add a new dimensional weight system for oversized, large FedEx Ground shipments. If the dimensional weight is greater than the actual weight, dimensional weight will apply to FedEx Ground shipments that are three cubic feet (5,184 cubic inches) or greater. A FedEx Ground dimensional weight customer aid will be available on fedex.com to assist customers. This will be effective Feb. 5, 2007.

FedEx Ground rates also will increase for 2007. These changes will be announced later this year.

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