Tag: USA

International air express fuel surcharges stable as oil prices sink

Posted by | Sep 5, 2008 | |

DHL, FedEx, UPS and TNT are keeping their fuel surcharges for air express shipments generally stable in September against a background of falling oil prices, CEP-Research analysis shows. In recent months, fuel surcharges had risen rapidly to the constantly increasing fuel prices.

However, fuel costs are now sinking again due to the weakening demand for oil products over the past four weeks, the news agency Reuters reported. The decreasing demand for oil products is reported to be due to rising concerns about the continuously worsening economy.

The four leading express carriers calculate their fuel surcharges based on indexes showing the previous month’s oil price level and announce them in advance for the following month. The surcharges thus reflect the oil prices of two months ago and do not fully reflect the current sharp downward trend in oil prices.

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UPS celebrates new hub opening (U.S)

Posted by | Sep 5, 2008 | |

UPS executives and local dignitaries officially dedicated a large, state-of-the-art package sorting hub to support ground operations in Louisville.

The 258,390-square-foot sorting and distribution facility, known as the Louisville Centennial Hub, employs more than 1,100 people and houses approximately 180 delivery vehicles with room for future expansion.

UPS built the new ground hub after deciding to expand its Worldport global air hub. Ground operations had been located in a facility on Ashbottom Lane adjacent to the airport but that land was needed for the air hub’s expansion. The Centennial Hub was built on a 54-acre site on Air Commerce Dr.

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USPS looks to change Move Update requirements

Posted by | Sep 5, 2008 | |

New proposed changes to the US Postal Service’s Move Update program would require businesses to update their bulk-mailing lists every 95 days, instead of the current 185 days.

The proposed new standard, which pertains to Standard or First-Class Mail pieces, would take effect on November 23. It is intended to reduce costs and waste from undeliverable bulk mail 50 pct by 2010, the USPS said.

According to the USPS, an estimated 9.7 billion pieces of undeliverable-as-addressed (UAA) mail are received every year, costing around USD 2 billion to process.

Companies that fail to comply can be charged 7 cents for each piece of mail in a mailing. Previously, there were no fines for mailings that had a considerable amount of undeliverable mail.

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DHL pulls plug on March Air Reserve Base-Hong Kong flight

Posted by | Sep 4, 2008 | |

A DHL flight linking Riverside and Hong Kong cargo will take off and land at Los Angeles International Airport instead starting Oct. 26.

The shift will leave DHL with an average of four daily flights at March Air Reserve Base. DHL landed at the airport in 2005 and had eight daily flights at its height.

A pending agreement with shipping competitor UPS could eventually leave DHL without any flights at its 262,000-square- foot Riverside hub.

The route was considered an international flight, DHL’s only foreign-bound flight from March, because it concluded in Hong Kong after connecting in Alaska.

That leaves DHL with a handful of late-night domestic flights that face an uncertain future at the company’s Inland hub.

Riverside County Supervisor Bob Buster said the developer’s master plan and DHL’s cutbacks could give commission members a second chance to take a broader look at what makes good business sense and be more aggressive in seeking landing fees and revenues from the companies that land at March.

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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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