Tag: USA

DHL Express employees ratify Teamster national labor agreement

Posted by | May 2, 2008 | |

DHL Express U.S. employees represented by the International Brotherhood of Teamsters voted to ratify a new, historic national labor agreement between the Teamsters and DHL yesterday. The national agreement’s approval, following three weeks of voting among the affected employees’ groups, puts in place a five-year deal between the express package delivery company and the Union that represents the vast majority of its employees who handle customer shipments.

The new national collective bargaining agreement applies to practically all DHL’s unionized operations nationwide. The deal provides for increased operational flexibility that allows DHL to enhance labor resources management and improves its competitive position. It also provides for annual wage and benefit increases for DHL’s Teamster-represented workforce.

The agreement, covering approximately 10,000 DHL employees, also signifies a new chapter in the relationship between DHL and the Teamsters, which has steadily evolved since DHL acquired Airborne, Inc., in 2003.

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Postal Service Wins White House Environmental Awards

Posted by | May 1, 2008 | |

Five U.S. Postal Service environmental initiatives have been recognized by the Office of the Federal Environmental Executive, part of the White House Council on Environmental Quality. Two initiatives received the prestigious 2008 Closing the Circle Awards and three received honorable mentions. Since the inception of the program in 1996, the Postal Service has won 39 awards.

The Postal Service’s Vendor Partnership for Envelope Reuse initiative won the Closing the Circle Award for “Waste/Pollution Prevention — Civilian.” This program encourages customers, vendors and business partners to reuse and recycle mailing products. The Postal Service partnered with three companies — MailAgain, Abitibi Paper Retriever, and Ecoenvelope — to create reusable envelopes and make recycling easier for our customers.

Winning the Closing the Circle Award for “Environmental Management Systems — Civilian” was the Postal Service’s Environmental Performance Track Initiative. This award recognizes the organization’s increased participation in EPA’s Performance Track Program in its Northeast and Western Areas. The Performance Track Program acknowledges and drives environmental excellence by encouraging facilities with strong environmental records to go above and beyond their legal requirements.

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FedEx and UPS eye U.S. slowdown

Posted by | May 1, 2008 | |

Package shipping giants FedEx Corp and United Parcel Service Inc are walking a narrow path between expanding their businesses overseas and scaling back in the United States, where the economy has slumped.

But industry analysts say the two rivals should be able to weather a short-term slowdown without hefty drops in profits, with only a prolonged U.S. downturn presenting a serious threat.

Recessions push companies and individuals to rein in expenses, which includes package shipping. But revenues are not the only wild card for UPS or FedEx profits. The record surge in fuel prices for trucks and airplanes is another.

Like many U.S. transport companies, UPS and FedEx have been routinely passing on higher fuel costs to customers. But in a recession, such surcharges are just one more reason for customers to cut shipments.

Rising fuel costs also present big challenges to the shippers just in managing cash flows and hedging.

While Graf says FedEx has leeway in allocating its capital expenditures, growing markets like China remain a priority.

FedEx’s total capex spending should be about USD 3 billion for the fiscal year beginning on June 1, he said.

As part of its expansion plans, FedEx will open a new air hub in Guangzhou, China, in 2009.

At UPS, overseas spending that includes the booming China market will also remain core to its strategy in 2008 and 2009.

UPS’s new airport hub in Shanghai will open this year.

In their latest quarters, net profit declined 12 percent at UPS and fell 7 percent at FedEx. Both cited the sluggish state of the U.S. economy and high fuel costs.

Both companies still derive about three-quarters of their business from the United States, said Morningstar analyst Keith Schoonmaker.

The good news, highlighted by both, was growth in international package shipments, including a boost from rising U.S. exports on the back of the weak U.S. dollar.

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