Tag: North America

Gloomy e-mail for US post

The inexorable rise of e-mail is putting the strain on the Amercian postal
service USPS, which is considering reducing its delivery service from six to
five days a week. In a statement before the House of Representatives earlier
this month, William Henderson, the postmaster general, blamed the “explosive
growth in commmunications technology” for USPS’ difficulties

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UPS Income Drops, Plans for Slowdown

United Parcel Service Inc.said on Thursday its first-quarter operating earnings fell 14 percent, and warned that second-quarter profits would be at the low end of estimates due to the weakened economy.

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United Airlines and Delta post heavy Q1 losses

Two of the big three US carriers, United Airlines and Delta Air Lines, posted heavy first-quarter losses on Wednesday. They were hit by the effects of the slowing US economy and labour disruption.

UAL, the parent company of United, reported a net loss of $313m, or $5.97 per share, in the first three months of the year, compared with a loss of $99m last year. Delta, meanwhile, reported a loss of $133m, or $1.11 per share, compared with a profit of $216m in the same quarter last year.

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