Tag: UPS

FedEx, UPS subpoenaed in US cargo probe

Posted by | Jul 14, 2006 | |

FedEx Corp. and United Parcel Service Inc. said on Friday they received grand jury subpoenas as part of a global probe by the U.S. government into possible criminal violations of antitrust laws in the air cargo transportation industry.

The U.S. package delivery companies said they do not believe they are targets of the investigation, which has drawn in Air France-KLM, British Airways Plc, Deutsche Lufthansa AG, Scandinavian airline SAS, Luxembourg-based Cargolux Airlines International and Air Canada’s parent, ACE Aviation Holdings Inc.

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Big Four Turn Cautious on China's Domestic Delivery Market

Posted by | Jul 6, 2006 | |

DHL, FedEx, UPS, and TNT have slowed down their expansion in the Chinese domestic delivery market these days due to high costs.

FedEx, the world’s largest express delivery company, is reported to only operate international express delivery business in China for the moment.

US-based FedEx has become the main sponsor of Chinese Badminton Team from 2006 to 2008, when members of the team would wear sports clothes with words “FedEx” when participating in international games.

A principal at the market division of FedEx’s Asia-Pacific region explained that this move was aimed to further enhance its brand recognition among Chinese small and medium customers.

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Proposed USPS rate increases may influence express carriers' pricing

Posted by | Jul 1, 2006 | |

Earlier this year, the United States Postal Service (USPS) Board of Governors requested that the Postal Rate Commission (PRC) sign off on proposed increases for almost all of its domestic postage rates and fees, which would go into effect no sooner than May 2007.

The cumulative average of the proposed increases is 8.5 percent. Rates for priority mail and express mail would rise 13.8 percent and 12.5 percent, respectively. Parcel post rates would increase 13.7 percent.

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UPS, US pilots union reach contract deal

Posted by | Jun 30, 2006 | |

UPS Inc. and its pilots union have reached a tentative agreement on a new contract, which, if approved, would end a stalemate that dragged on for more than three years and included the pilots’ threat of a strike, the union said Friday.

The union said in a statement that the agreement would run through 2011 and must be ratified by the nearly 2,500 pilots at the Atlanta-based company.

Terms of the new contract include an hourly pay raise of 17.7 percent for top captains with at least 12 years of service and higher health care premiums paid by all pilots, according to a person who has seen the agreement but spoke on condition of anonymity because neither side has been authorized to release details.

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UPS, US Pilots Reach Accord in Contract Negotiations

Posted by | Jun 30, 2006 | |

The Independent Pilots Association (IPA) and UPS Airlines today announced a tentative agreement on a new labor contract.

The agreement provides for wage and pension improvements and a variety of changes to work rules. It also enables the company to reward its pilots in a responsible manner, maintaining the flexibility needed to serve customers and expand the business while remaining competitive.

Specific details of the accord will not be disclosed before the IPA presents the tentative contract to all UPS pilots. The contract must be ratified by a majority of UPS’s 2,700 pilots. According to the IPA, a vote by the pilots probably will be completed by mid-September.

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