Tag: UPS

FedEx confident on timing of A380 delivery

Posted by | Jun 28, 2006 | |

FedEx has delivered a vote of confidence in Airbus’s troubled A380 superjumbo, saying it remains committed to the aircraft and expects its order to be completed on schedule.

Fred Smith, chairman and chief executive, said, while the latest delays to the A380 were “a source of concern”, FedEx had been assured its 10 aircraft would not be affected. “We’re confident,” he told the FT. “They have told us that ours are going to arrive on time.”

The comments followed Airbus’s warning that deliveries of the A380 passenger jet would be delayed by an additional six or seven months, prompting demands for compensation by airlines and causing at least one customer to rethink its order.

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UPS awarded contract to fly US mail

Posted by | Jun 28, 2006 | |

UPS today announced it had been awarded a three-year contract by the US Postal Service (USPS) to provide domestic air transportation of primarily First Class and Priority Mail.

Under the agreement, UPS initially will provide airlift of First Class and Priority Mail volume each week to and from 98 cities.

The contract, which includes an option for one two-year extension, expands an existing relationship between UPS and the USPS under which the company provides airlift for mail transportation between 16 cities. The contract will take effect on July 1.

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Alpine Air Express Awarded a New Contract with UPS

Posted by | Jun 26, 2006 | |

Alpine Air Express Inc. announced that its operating subsidiary Alpine Air, a leading provider of regional air cargo transport and logistics services, has been awarded a new contract by the United Parcel Service (UPS) to commence operation on July 17, 2005, servicing routes from Seattle to Kennewick and Walla Walla, Wash.

According to the company, the contract is part of its plan to diversify its client base, better use its aircraft assets and expand its routes to areas that are geographically compatible with the company’s future operations. Additionally, the company expects the contract to contribute significantly toward its continued profitability.

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Fuel surcharges help FedEx, rivals

Posted by | Jun 23, 2006 | |

Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the strategy has proven to be a winner.

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FedEx delivers strong results on solid growth

Posted by | Jun 22, 2006 | |

FedEx said it remained optimistic about the economic outlook after solid growth in US and international markets helped the express delivery group lift fourth- quarter net profits by a better-than-expected 27 per cent. Fred Smith, chairman and chief executive, said he saw no sign of weakening in the economy, brushing off concern that rising interest rates and high energy prices could stifle growth.

Mr Smith’s upbeat comments followed similar remarks last week by US rail industry executives, suggesting that the transportation sector, an important bellwether of economic growth, remained in a bullish mood.

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