Tag: North America

Integrator stocks fluctuate amid takeover speculation, market slowdown and high oil prices

Posted by | Sep 4, 2008 | |

Shares of TNT, UPS, FedEx and DHL parent Deutsche Post World Net have fluctuated dramatically over the last two months due to a mix of factors including takeover speculation, the impact of the economic slowdown and rising oil prices, a CEP-Research analysis showed.
TNT, UPS and FedEx ended August showing increases compared to the end of June after repeated speculation during July and August that UPS and FedEx were each in talks with TNT over a possible acquisition. The reported deals followed the recent economic downturn and rising fuel costs that have hit the demand for package deliveries and led to a revival of merger discussions.
TNT shares were up 13.29pct to EUR 25.50 as of August 29 compared to 26 June.
The two US integrators, FedEx and UPS, have also been impacted by the takeover rumours with their shares rising over the last two months, although other factors such as the US downturn and the strong rise in fuel prices also played major roles in the share performance.
FedEx experienced a moderate share price increase of 5.71pct as of August 29 compared to the end of June.
DPWN shares were negatively impacted during the last two months by rising oil prices and worsening economic conditions as well as by the widespread reports about the restructuring of the DHL Express US business, and political opposition to the planned Wilmington hub closure in particular. The company’s shares dropped by 4.98pct to EUR 15.85 as of August 29 compared to two months previously.

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FedEx Freight and BP Solar complete second solar power installation (U.S)

Posted by | Sep 4, 2008 | |

FedEx Corp. and BP Solar announced the completion and activation of a second project together: a solar system for a FedEx Freight distribution center in Fontana, California. The 269 kW (kilowatt) rooftop solar array utilizes BP Solar modules.

FedEx is committed to integrating the use of renewable technologies into its operations. FedEx Express built and operates a solar-powered hub in Oakland, California, that produces power equivalent to that used by more than 900 homes during the daytime. FedEx will be adding solar to its Cologne, Germany hub when it opens in 2010. FedEx also operates the largest fleet of commercial hybrid trucks in North America, which improve fuel economy by 42 percent, reduce greenhouse gas emissions by approximately 30 percent and cut particulate pollution by 96 percent.

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UPS won't refund surcharge (U.S)

Posted by | Sep 3, 2008 | |

Bowing to high fuel prices, UPS will change its policies on parcel service guarantees next month and no longer include the fuel surcharge in its refunds to customers.
The shift effective Sept. 2 means UPS will only refund the basic charge and whatever other accessorial charges were included in the bill, including pickup and special service charges.
“While nothing changes the ability of our customers to request a refund of shipping charges, we do still make the delivery,” a UPS spokesman said. “So since we still make the delivery, including fueling the truck to get it there, we are going to stop refunding the fuel surcharge fee.”
UPS adds 10.25 percent to its ground parcel bills as a fuel surcharge and will raise that rate to 10.5 percent Sept. 1. The fuel surcharge for air and international package shipments is 34.5 percent.

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Bound printed matter mailings to be paid by permit only (U.S)

Posted by | Sep 3, 2008 | |

The US Postal Service will require all bound printed matter (BPM) mailings be paid by permit only as of September 11.

Postage payment for all BPM mailings, which include “carrier route, presorted, and non-presorted (single-piece) flats and parcels, regardless of volume,” will be limited to permit imprint, the USPS said.

As a result of this classification change, mailers will no longer be able to pay for postage with adhesive stamps, a customer-generated postage meter or PC Postage, according to the USPS. And, moving forward, BPM mailings will not be accepted at retail counters, in collection boxes or by carriers. Instead, mailers must deposit BPM mailings at the Post Office facility that issued them the permit.

Those who hold merchandise return service permit will be able to continue to pay non-presorted BPM prices on eligible items that are returned with a merchandise return service label.

The USPS filed notice with the Postal Regulatory Commission in March requesting this classification change. In July, the commission accepted the change, allowing it to go into effect.

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