Tag: North America

IRS withdraws tentative assessment from FedEx

Posted by | Oct 22, 2008 | |

On October 22, 2008, the Internal Revenue Service (“IRS”) withdrew its tentative assessment of tax and penalties for the 2002 calendar year (USD 319 million plus interest) against FedEx Ground Package System, Inc. (“FedEx Ground”), a wholly owned subsidiary of FedEx Corporation, relating to the classification of FedEx Ground’s owner-operators for federal employment tax purposes. The IRS is continuing its employment tax audit of FedEx Ground for the 2002 calendar year. We are engaged in discussions with the IRS audit team regarding this matter. We continue to believe that FedEx Ground’s owner-operators are independent contractors and that no loss is probable in this matter.

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USPS adds Express Mail hold for Pickup to usps.com (U.S)

Posted by | Oct 22, 2008 | |

Express Mail packages can be held at Post Offices for pickup, giving customers both the peace of mind of secure delivery and the convenience of picking up their packages when it best fits their schedules. And now, customers can choose Express Mail Hold For Pickup service through Click-N-Ship on usps.com.
Hold For Pickup, previously available for Express Mail purchased at Post Offices and at Automated Postal Centers (APCs), is now also available for online shippers. A Hold For Pickup package is shipped directly to a Post Office, instead of being left at the recipient’s address. The package is then held at the Post Office until picked up anytime during office hours, at the time most convenient for the recipient.
The sender selects Hold For Pickup when preparing an Express Mail shipment through Click-N-Ship, and identifies which of the 31,000 participating Post Offices nationwide should receive and hold the package for the recipient.

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SkyPostal Networks Launches New Cross-Border Internet Shopping Facilitator

Posted by | Oct 22, 2008 | |

SkyPostal Networks, Inc.announced its launch of a new parcel logistics service under the PuntoMio brand (www.puntomio.com). PuntoMio.com offers online international shopping assistance with U.S. e-tailers, and provides international transport, customs clearance and delivery to cross-border shoppers.
SkyPostal President and CEO, Albert Hernandez, said, “In line with our growth strategy, we are leveraging our established private postal network to enter the parcel post market by facilitating cross-border Internet shopping. The worldwide parcel market has been growing 8 pct per year to 6.5 billion items in 2007. The economical parcel post service offered by the national posts lacks interconnectivity between the world’s Posts. It does not provide a visible and seamless merchant-to-consumer cross-border service as provided by the costly private express couriers like FedEx and UPS. PuntoMio.com combines proven B2C logistics know-how, mail delivery network and catalog marketing experience to offer on-line merchants the opportunity to market their products to international customers without the inherent risks associated with cross-border parcel delivery.

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Earnings Preview: UPS

Posted by | Oct 21, 2008 | |

UPS reports third-quarter earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Hit by the economic downturn, the Atlanta-based company was expected to post a lower profit for the July-September period, compared to the same timeframe a year ago.

UPS’ shipping business within the U.S. in particular has been affected. When it released its second-quarter earnings in July, UPS lowered its outlook for the full-year. The current fourth quarter includes the traditionally busy holiday shipping period.
The company remains confident in its plans for future growth. UPS, also known as United Parcel Service, has said it has been working to cut costs.
UPS also is working out a contract to carry some air packages for DHL, the struggling U.S.-based express shipping unit of German postal service Deutsche Post AG. UPS, when it announced the proposed collaboration on May 28, predicted that the deal, when completed, will add up to USD 1 billion in annual revenue for the company.
Executives have said UPS also is interested in expanding its international package business. Asia and Europe are of particular interest to the company, executives have said. Besides the potential UPS-DHL deal, UPS has not announced any further deals in recent months.

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Canada Post signals changes for postal delivery

Posted by | Oct 21, 2008 | |

UNI’s Canadian affiliate, CUPW has advised that Canada Post has told the union that it is to introduce a technology update programme, called “Modern Post”. A central part of Canada Post’s “Modern Post” automation program is the new delivery model for letter carriers and Mail Sorting Centres. The main points of this new model include:
• 80pct of letter carrier routes in major urban areas to be affected, as well as about 35pct of all RSMC routes.
• About 90pct of letter-sized mail will be sequenced to line of delivery by machines in plants.
• Two or three letter carriers will use each A-62 case in shifts to sort the rest of the letter mail, flats, and packets.
• 80-85pct of letter carrier routes would be motorized where the new “Delivery Model” is in place.
• Motorized letter carrier routes would deliver all items for their delivery area, including parcels.
• Foot routes will remain in high density areas, generally the downtown core of cities with MSC parcel delivery in these areas.

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