Tag: North America

FedEx could lure private equity interest

Posted by | Jul 9, 2007 | |

FedEx Corp. could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron’s reported in its July 9 issue.

With an enterprise value of USD 35 billion, FedEx is valued at about six times expected fiscal 2008 earnings before interest, taxes, depreciation and amortization, or Ebitda.

The attraction for buyout firms would be the potential to cut capital expenditures to help finance a deal as well as the opportunity to turn around ailing retail unit FedEx Kinko’s.

Even without a buyout, which Barron’s said may not be imminent or even likely, FedEx shares should perform fine on their own, the investor weekly said.

FedEx shares, which are essentially flat this year, closed on Friday at USD 110.84.

Read More

Western Union Services Now Available at 263 Checksmart Financial Locations in 11 States Nationwide

Posted by | Jul 9, 2007 | |

The Western Union Company and Checksmart Financial announced today that Western Union services are now available at 263 Checksmart locations in 11 states nationwide.

Checksmart Financial, which formerly offered a competitor’s services, joins Western Union’s network of more than 305,000 Agent locations – including subsidiaries Orlandi Valuta and Vigo – in more than 200 countries and territories worldwide.

With the agreement, 227 Checksmart Financial locations will offer Western Union(R) Money Transfers, Western Union-branded money orders, and utility bill payments to select utilities. Seventeen Checksmart locations will offer Western Union Money Transfers and money orders, and 19 locations will offer money orders.

Checksmart Financial operates locations under the names Checksmart, Buckeye Checksmart, Express Payroll Advance, Southwest Check Cashing, Buckeye Title Loan and Cash 1 in Arizona, California, Florida, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Utah and Virginia. The majority of locations are open from 8 a.m. to 8 p.m. seven days a week, with some locations open 24 hours a day.

Read More

Groups seek end to USPS monopoly on mailboxes

Posted by | Jul 9, 2007 | |

A group of taxpayer and consumer advocates are calling for an end to the U.S. Postal Service’s monopoly on mailboxes.

In response to a Federal Trade Commission request for comment in the May 1 Federal Register, the group questions a rule that bars putting letters or packages in mailboxes without paying a fee to the Postal Service.

The rule “injects unnecessary nuisance, cost and inefficiency into simple acts of community communication,” the group writes in a June 29 letter to the FTC. The letter is signed by officials from the Consumer Postal Council, the National Taxpayers Union, Americans for Tax Reform and other groups.

Under the ban, private citizens cannot put neighborhood fliers or party invitations in boxes. And as online commerce grows, inability to receive private deliveries in mailboxes causes a mounting inconvenience, the letter says.

The FTC is expected to respond by August.

Read More

DHL partnership with Brazilian Cia.Maritima

Posted by | Jul 9, 2007 | |

DHL has partnered with Cia.Maritima, Brazil’s largest producer of high-end beachwear, for the U.S. debut of the label’s 2008 collection during the Mercedes-Benz Fashion Week Miami Swim shows.

DHL will provide its international delivery and logistics expertise to transport Cia.Maritima’s collection, which designer Benny Rosset debuted during Sao Paulo Fashion Week in June, from Brazil to Miami in time for its U.S. runway show debut on Wednesday, July 11th. DHL staff will also be on hand throughout the production with DHL “delivery men” removing the runway cover immediately before the start of show.

The partnership is the latest initiative in DHL’s multi-platform program to serve the unique needs of the fashion, apparel and retail industries. In January 2007, DHL became the Official Express Carrier and Logistics Provider of IMG Fashion’s U.S.-based fashion events. The relationship with IMG includes sponsorship of Mercedes-Benz Fashion Weeks in New York, Los Angeles and Miami.

In the U.S., dedicated DHL fashion staff in New York City offer services tailored to the industry such as sample room management, consolidation services and international vendor management. While DHL consolidation sweeps services combine shipments and reduce the number of consignments for DHL customers, DHL’s Import Express service allows fashion clients to navigate customs and government shipping regulations while ensuring critical deliveries arrive on time. With Import Express, shipments are handled by DHL from pickup outside the U.S. to delivery in the U.S., with all tracking, invoicing and single-currency payment through DHL.

Read More

DHL among top finalists at American Business Awards

Posted by | Jul 9, 2007 | |

DHL announced today it was recently selected as one of the four top finalists at the 2007 American Business Awards, known as the “Stevie Awards.” DHL received the award in the ‘Best Human Resources Team’ category, and was the only company recognized for its achievements in sales training.

More than 2,000 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories this year. DHL was recognized for its College Recruitment Express Training (CRET) program, an 11 week educational program for new DHL sales professionals that provides a ‘Fast Track’ program focused on product knowledge, selling skills, customer management and an experiential learning aimed at enabling sales representatives to develop winning customer solutions.

DHL presented a business case that illustrated its new CRET program not only had a 100 pct retention rate after the end of the first year, but that the graduates brought in significantly more package revenue than participants in previous programs. In addition to training on DHL’s business, industry, and market, CRET graduates learn soft skills such as listening, rapport-building, as well as identifying and understanding customer needs. The interactive program blends conventional learning methods with experiential activities that expose the participant to real-world customer situations.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest