Tag: North America

DHL considers U.S. future

Posted by | Jan 16, 2008 | |

Deutsche Post will likely unveil plans for its problem-plagued DHL business in the United States on March 6, say analysts.

When the German parent company releases its earnings report, losses are expected for the express unit which lags behind UPS and FedEx in the U.S. market.

In December, Bear Stearns called for the German parent company to “back away from U.S. domestic express.” In last month’s report, Bear Stearns analyst Andrew Beh called on Deutsche Post management to “reconsider its strategy to become a global express operation offering international and domestic service in all major markets under an integrated brand and service umbrella.”

This month another investment analyst, Morgan Stanley, also made a rare direct call for a DHL pull out, saying Deutsche Post needed to make the move in order to make its own financial projections.

Deutsche Post and DHL say they remain committed to their U.S. operations.

“The U.S. is an important market in our commitment to offer a truly global service network,” DHL said in a statement. “As the world’s leading Express and Logistics company, the U.S. is strategically important to the Group both as a stand-alone market and as a high-performance extension of our global service platform.”

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USPS adopts new standards for undeliverable-as-addressed mail from abroad

Posted by | Jan 15, 2008 | |

The US Postal Service has implemented new standards to recover the cost of handling undeliverable-as-addressed items posted from abroad with a US return address. The change took place January 14.

In the past, the USPS provided the return service without charge. Now, to recover the cost of handling these mailpieces, the new regulations will allow the USPS to collect the applicable First-Class Mail International rate.

If an item has been mailed in a foreign country by or on behalf of a US resident or US-based firm, and the foreign postage rate applied to the item is less than the US domestic rate, then the USPS will have the right to collect the applicable postage.

Essentially, this is putting down in writing something that the Universal Postal Union, a specialized agency of the United Nations, put into effect in 1999, said Yvonne Yoerger, spokeswoman for USPS.

She added that, since then, it has been up to individual countries whether they wanted to follow the practice or not. In the US, for example, the practice has not been applied consistently. “We want to get a handle on how significant this is for us,” she said.

The USPS is currently collecting data on how much money it stands to save from the change, according to Obataiye B. Akinwole, USPS classification specialist. “We know that it is an issue, we’re just looking to see how big an issue it is now,” he said.

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Survey: FedEx's Smith among top CEOs (US)

Posted by | Jan 14, 2008 | |

FedEx Corp. Chairman, President and CEO Frederick W. Smith is among America’s best Chief Executives, according to Institutional Investor magazine.

Smith was named the best CEO in the airfreight and surface transportation category for the second consecutive year in the magazine’s survey.

The magazine surveyed portfolio managers, analysts and other investment professionals and asked them to name the best CEOs in their sectors.

Around 900 people at 425 institutions responded with first, second and third place votes in each of the sectors with which they were familiar.

“A common trait exhibited by many of the winners is experience managing through crises, scandals and turnarounds,” the company stated in a release.

Based in Memphis, FedEx Corp. provides transportation, e-commerce and business services through several divisions, including FedEx Ground, FedEx Freight, FedEx Kinko’s and FedEx Global Supply Chain Services.

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Kraft Foods expands business with DHL as its primary US express carrier

Posted by | Jan 14, 2008 | |

DHL announced that Kraft Foods has renewed and expanded its contract with DHL as its primary US express carrier. DHL will provide US express shipping services for Kraft Foods.

With annual revenues of more than USD 34 billion, Kraft Foods markets a broad portfolio of brands such as Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Nabisco cookies and crackers; Jacobs coffees and Milka chocolates.

DHL will provide express services for Kraft’s letters and small package shipments, including pickup and delivery of food product samples, point-of-sale advertising, inter-office documents and payroll, and product-sampling items – for Kraft vendors, plants, distribution centers, and its corporate offices.

DHL has also been chosen by Kraft Foods as a provider for US ground delivery and international express services.

“Kraft has been a valued partner for nearly 20 years,” said Charles Brewer, Executive Vice President of Sales, for DHL. “We are seeing many of the largest multi-national companies enhance their operations by leveraging DHL’s flexibility, customer-focused commitment, and ongoing US network enhancements.”

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