Tag: USA

Teamsters, DHL in Tentative Labor Deal

Posted by | Feb 28, 2008 | |

The Teamsters union has reached a tentative labor agreement with DHL Express, a unit of Deutsche Post, the two sides said on Wednesday.

“This agreement is truly historic,” Brad Slawson, chair of the Teamsters national negotiating committee, said in a statement. “It is the first new national master agreement negotiated in the transportation sector in decades.”

The deal will be reviewed by the Teamsters and DHL members, who will then vote on it. The Teamsters said the deal would cover thousands of DHL employees nationwide.

“”We’re pleased that the parties have reached a tentative agreement and look forward to its ratification,” said DHL spokesman Richard Gibbs.

DHL has around 20,000 employees in the United States.

The company has struggled to make headway in the U.S. market, which is dominated by United Parcel Service Inc and FedEx Corp.

Most of the UPS work force is unionized, while only FedEx’s pilots currently have union representation.

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Atlas Air Worldwide Holdings, Inc. Reports record annual earnings

Posted by | Feb 28, 2008 | |

Atlas Air Worldwide Holdings, Inc. announced record annual earnings in 2007, reflecting ongoing improvement in aircraft utilization due to proactive asset management, sustained operational execution, the positive impact of Continuous Improvement initiatives, and increased military and commercial charter demand. These positive measures more than offset the negative impact of record fuel prices on the Scheduled Service segment in the second half of the year. 2007 results also reflect significant reductions in AAWW’s net interest expense and effective income tax rate.

For the full year ended December 31, 2007, AAWW posted net income of USD 132.4 million, or USD 6.17 per diluted share, more than double 2006 levels, on revenues of USD 1.563 billion. Operating income of USD 154.8 million and pretax income of USD 132.7 million included a nonrecurring gain of USD 3.5 million on the disposal of aircraft and engines.

For the quarter ended December 31, 2007, AAWW reported net income of USD 50.7 million, or USD 2.35 per diluted share, on revenues of USD 442.8 million. Operating income of USD 70.7 million and pretax income of USD 66.7 million included a nonrecurring gain of USD 2.5 million on the disposal of surplus aircraft engines.

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Atlas Air Expands Service with DHL

Posted by | Feb 27, 2008 | |

Atlas Air Worldwide Holdings Inc. said on Wednesday it expanded its service with DHL Express, adding two more 747s under a three-year contract.

The air freight company will start the service on March 29. Another six of Atlas’ 747s are slated to provide express service for DHL starting on Oct. 27.

Atlas, which did not provide financial terms of the agreement, plans acquire three 747s to meet added demand from DHL and others.

Once the DHL service begins, “we will no longer be exposed to the commercial risk of filling the aircraft, the yield risk of pricing the freight that is on the aircraft, or the related risk of fuel and fuel-price escalation,” Chief Executive William J. Flynn said in a statement.

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DHL Inks 175,000-SF Build-to-Suit Deal with AMB

Posted by | Feb 27, 2008 | |

AMB Property Corp.’s largest global customer recently signed a build-to-suit lease in Houston. DHL Global Forwarding, an entity of Deutsche Post World Net, will occupy 175,000 square feet at AMB IAH Logistics Center II.

AMB is developing AMB IAH Logistics Center II on a site close to Houston Intercontinental Airport (IAH). The project is on the main road of IAH’s future master-planned international air cargo terminal. The developer said the land could support another 150,000 square feet of additional development.

DHL’s parent company, Deutsche Post World Net, has leased more than 3.8 million square feet from AMB as of December of last year.

AMB said it is building momentum in the Houston market, noting its purchase of an approximately 1 million-square-foot airport-proximate portfolio and a build-to-suit facility for Agility it started developing last summer. Agility’s Project Logistics division will occupy 253,000 square feet at AMB IAH Airfreight 7, which is also close to IAH and the Port of Houston.

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Teamsters reach tentative agreement with DHL (U.S)

Posted by | Feb 27, 2008 | |

The Teamsters union has reached a tentative labor agreement with DHL Express, a unit of Deutsche Post, the two sides said on Wednesday.

“This agreement is truly historic,” Brad Slawson, Chair of the Teamsters national negotiating committee, said in a statement. “It is the first new national master agreement negotiated in the transportation sector in decades.”

The deal will be reviewed by the Teamsters and DHL members, who will then vote on it. The Teamsters said the deal would cover thousands of DHL employees nationwide.

“”We’re pleased that the parties have reached a tentative agreement and look forward to its ratification,” said DHL spokesman Richard Gibbs.

DHL has around 20,000 employees in the United States.

The company has struggled to make headway in the U.S. market, which is dominated by United Parcel Service Inc and FedEx Corp.

Most of the UPS work force is unionized, while only FedEx’s pilots currently have union representation.

Read More

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