Tag: North America

VeriFone, USPS contract worth up to USD 10M

Posted by | Jul 23, 2008 | |

VeriFone Holdings Inc. said it was awarded a multi-year dollar contract valued at up to USD 10 million to provide the U.S. Postal Service with electronic payment capabilities.

San Jose-based VeriFone will provide the countertop payment product with dual communications capabilities to provide both traditional dial modem and Internet-based connectivity for 18,000 to 20,000 customer windows.

VeriFone said it will develop a customer interface to a payment gateway that the U.S. Postal Service will operate to ensure it has access to the lowest cost credit and debit processing services.

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DHL selects DataCert's AIMS for manage legal services spend

Posted by | Jul 23, 2008 | |

DataCert, a provider of legal and IP spend and matter management solutions, has announced that DHL has chosen its advanced invoice management system to help the worldwide express delivery and logistics company simplify the legal invoice payment process and control its legal spend.

Using DataCert’s legal spend management software, DHL’s law firms and vendors can submit invoices in an electronic format. Line items that do not comply with DHL’s corporate billing guidelines will be corrected or flagged for further review. Advanced invoice management system (AIMS) will also guide each invoice through designated workflows and approval postings, creating a legal spend database.

This reportable database of comprehensive legal spend data will give DHL’s legal department the ability to analyze, forecast and reduce future spend.

Jon Olin, general counsel for Americas at DHL, said: “DHL selected AIMS for its ability to provide a substantial return on investment both financially and operationally. The actionable metrics produced by AIMS will help us develop an in-depth understanding of our legal spend and drive strategic business decisions regarding law department operations.”

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Earth Class Mail adds FedEx veteran to management team

Posted by | Jul 23, 2008 | |

After 24 years with FedEx, Chris Salvage has joined the team building the future of mail delivery as new VP of Operations

Earth Class Mail Corp announced Chris Salvage, a 24-year veteran of FedEx, as its new Vice President of Operations. The experience Salvage garnered by overseeing the daily delivery of 200,000 packages for more than a decade will help Earth Class Mail scale its online postal-mail service to meet larger volumes.

Salvage’s career in logistics, operations management, strategic planning, and business development with FedEx make him an ideal addition to Earth Class Mail. Managing a division of more than 1,000 employees has seasoned Chris for his role at the company that is building the future of postal-mail delivery.

We have seen increasing interest from large enterprises and European posts that have the potential to boost our mail volumes exponentially
“We have seen increasing interest from large enterprises and European posts that have the potential to boost our mail volumes exponentially,” said Ron Wiener, CEO and Postmaster General of Earth Class Mail. “With the team we now have in place, and this key addition of Chris Salvage, I’m confident we’re in a position to execute on the scale we envisioned.”

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UPS releases 2nd quarter results 2008

Posted by | Jul 22, 2008 | |

UPS reported a 6.7 pct revenue increase in the second quarter but an 18.3 pct decline in diluted earnings per share to USD 0.85 compared to USD 1.04 the prior year. Increasing fuel costs and a stagnant U.S. economy caused the earnings decline in both the U.S. Domestic and International Package segments.

In contrast, the Supply Chain and Freight segment posted a substantial improvement in profitability.
“Although operating conditions in the second quarter were challenging, UPS firmly believes the long-term growth fundamentals for our company and for our industry are very favorable,” said Scott Davis, UPS chairman and CEO. “We are helping our customers manage through this difficult period while doing everything we can inside UPS to adapt to current conditions.”

For the three months ended June 30, 2008, UPS delivered consolidated volume of 959 million packages, essentially unchanged from the second quarter last year. Revenue rose to USD 13.0 billion and revenue per piece increased 5.9 pct. Results were negatively affected by a 67 pct increase in fuel expense, a reduction in premium product volumes and weakness in U.S. imports.

The slow U.S. economy caused average daily volume in the United States to decline 1.3 pct in the quarter and also contributed to a more pronounced reduction in premium products than in the previous quarter. Volumes per day declined 6.1 pct for Next Day Air, 2.3 pct for deferred air and 0.7 pct for ground. Consolidated revenue per piece rose 3.1 pct, increasing for all services.

These factors, along with the rapid increase in fuel cost and the impact of the two-month lag in the application of the fuel surcharge, were responsible for the declines in second quarter operating results.
During the quarter, UPS and DHL announced they were working on a 10-year agreement through which UPS would provide air lift for DHL’s express, deferred and international volume within the U.S. and between the U.S., Canada and Mexico.

International results were negatively impacted by higher fuel costs, declining U.S. import volume and slower growth in premium services in the major regions of the world.

Export volume increased an industry-leading 10.2 pct, aided by the calendar effect of an early Easter, which boosted growth rates by approximately 2 pct. However, volume growth slowed significantly through the quarter.

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Earnings Preview: Economy weighs on UPS profits

Posted by | Jul 21, 2008 | |

Slowing U.S. economic growth and high fuel costs are expected to put a damper on United Parcel Service’s results for the April-June quarter. The Atlanta-based company lowered its earnings expectations for the quarter on June 23.

UPS predicted earnings per share for the second quarter, which ended June 30, would be within a range of 83 cents to 88 cents, compared with the 97 cents to USD 1.04 the company originally anticipated.

UPS is able to pass higher fuel costs on to customers in the form of a fuel surcharge on shipments. However, the surcharge increases have not kept pace with rapidly rising fuel prices. Meanwhile, UPS’ business has suffered amid the economic downturn in the U.S. The result has been lower-than-expected domestic package volume and customers making less use of premium air products.

UPS last month did not say what impact its lower expectations for the second quarter might have on its full-year results. But analysts have lowered their projections for UPS’ full-year results.

Wachovia Capital Markets analyst Justin Yagerman said in a research note last week that the U.S. economy will continue to be shaky for the rest of 2008, which will likely affect UPS’ results.

He also said that UPS’ international results going forward could be affected by slowing economic growth in Europe. Long-term, however, he said he remains bullish about UPS’ overall business prospects.

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