Tag: FedEx

More FedEx flights to China and rising travel demand likely to keep lid on airline losses, IATA says

Posted by | Sep 1, 2006 | |

FedEx Express has been granted permission by the U.S. Department of Transportation to start additional weekly flights to China, bringing its total to 30, The Associated Press reported from Memphis, Tennessee.

The additions, which will go into effect next March, will allow FedEx Express to operate more all-cargo flights to and from China than any other U.S. airline.

FedEx this year announced a $400 million agreement to bolster its presence throughout Asia by taking full control of a 50 percent joint venture begun in 1999 with Tianjin Datian W. Group.

The joint venture handles international package shipments to and from China, and FedEx’s partner, which goes by the name DTW Group, also operates a domestic delivery network with 89 locations in cities across China.

FedEx said it hoped to complete the acquisition during its 2007 fiscal year, which began in June. The operation will become part of FedEx Express, the company said.

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Peter Yin Vice-president, customer experience division FedEx Express

Posted by | Sep 1, 2006 | |

Based in Hong Kong, Mr Yin will be responsible for the development and execution of the division’s customer experience strategies and for overseeing all call centre operations in the Asia-Pacific. In his previous role as vice-president for the North Pacific region, Mr Yin was responsible for planning, organising and implementing all corporate strategies and operations across Korea, Japan, Taiwan and Guam. He joined FedEx in 1984.

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FedEx Express and ALPA Announce Tentative Labor Agreement

Posted by | Aug 27, 2006 | |

FedEx Express, a unit of FedEx Corp. (NYSE:FDX), and the Air Line Pilots Association, Int’l. (ALPA), the collective bargaining representative for FedEx Express pilots, jointly announced today that they reached a tentative agreement (TA) on a new labor contract on Saturday evening. Negotiations have been conducted under the guidance of the National Mediation Board since October 2005 and both parties acknowledged the Board’s support.

The new agreement is subject to review and finalization of contract language, which is expected to be completed shortly. Terms of the tentative agreement are not being released as they first must be reviewed and approved by the FedEx ALPA Master Executive Council (MEC). If approved, the TA will be subject to a ratification vote by about 4,700 FedEx pilots and if ratified, the four-year contract would become amendable in 2010.

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US FedEx signs up Vietnam postal company

Posted by | Aug 22, 2006 | |

FedEx, the express delivery company, Monday appointed a Vietnam Post and Telecommunications Group (VNPT) affiliate as an authorized agent in Vietnam.
Under the three-year contract, Post Office Express Joint Stock Company (PCN) will mostly handle air cargo services for the US-based company which has had a presence in Vietnam for over a decade.

Dang Thi Bich Hoa, chairwoman and general director of PCN, said the cooperation between a global parcel service provider and a leading Vietnamese express delivery company (80 percent of the domestic market) would mean convenient services for clients.

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US FedEx Corp. board declares quarterly dividend

Posted by | Aug 18, 2006 | |

The Board of Directors of FedEx Corporation have declared a quarterly cash dividend of USD0.07 per share on FedEx Corporation common stock. The dividend is payable October 1, 2004 to stockholders of record at the close of business on September 10, 2004.

FedEx Corp. provides customers and businesses worldwide with the broadest portfolio of transportation, e-commerce and business services. With annual revenues of USD25 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.

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