Tag: USA

FedEx Significantly Improves Less-Than-Truckload (LTL) Services

Posted by | Jan 16, 2008 | |

FedEx Freight has improved its service in key U.S. markets and FedEx National LTL now provides long-haul shippers with improved on-time service reliability after re-engineering its network, FedEx Freight, an operating company of FedEx Corp. announced today.

FedEx Freight is a provider of regional next-day, second-day and extended LTL freight services, and has cut transit times in half ” from two days to next day ” from the Las Vegas area to Oakland, San Jose, Sacramento, Bakersfield and other large cities in Central California, and from Vancouver, British Columbia into the U.S. Pacific Northwest.

FedEx Freight has accelerated delivery from three days to two days in many other cities. Overall, FedEx Freight has helped its customers who depend on fast-cycle logistics by improving service standards in more than 1,000 U.S. lanes in the past year.

FedEx National LTL, provider of long-haul LTL services, has adopted a strictly scheduled line-haul operation to enhance reliability. Like FedEx Freight, FedEx National LTL employs advanced information systems that support internal planning and provide shipment visibility to customers. These improvements benefit customers with planned inventory replenishment. FedEx National LTL was created in September 2006 when FedEx acquired the business assets of the former Watkins Motor Lines.

In addition to expanding its domestic portfolio through FedEx National LTL, FedEx Freight is enhancing its Canadian service offerings with FedEx Freight Canada.

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DHL considers U.S. future

Posted by | Jan 16, 2008 | |

Deutsche Post will likely unveil plans for its problem-plagued DHL business in the United States on March 6, say analysts.

When the German parent company releases its earnings report, losses are expected for the express unit which lags behind UPS and FedEx in the U.S. market.

In December, Bear Stearns called for the German parent company to “back away from U.S. domestic express.” In last month’s report, Bear Stearns analyst Andrew Beh called on Deutsche Post management to “reconsider its strategy to become a global express operation offering international and domestic service in all major markets under an integrated brand and service umbrella.”

This month another investment analyst, Morgan Stanley, also made a rare direct call for a DHL pull out, saying Deutsche Post needed to make the move in order to make its own financial projections.

Deutsche Post and DHL say they remain committed to their U.S. operations.

“The U.S. is an important market in our commitment to offer a truly global service network,” DHL said in a statement. “As the world’s leading Express and Logistics company, the U.S. is strategically important to the Group both as a stand-alone market and as a high-performance extension of our global service platform.”

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US Postal Service needs more autonomy

Posted by | Jan 16, 2008 | |

The U.S. Postal Service is hurt more than it is helped by its status as a government entity, the Federal Trade Commission said in a study released on Wednesday.
Federal constraints, such as restrictions on the postal service’s ability to manage its labor force and configure its network, increase its costs by an estimated USD 330 million to USD 782 million a year, the FTC found.
The FTC report recommended that Congress reduce constraints on the postal service, narrow the scope of its monopoly, and make the postal service’s competitive products division a separate corporate entity.
The service does enjoy a monopoly on the delivery of items such as personal letters, bills and advertisements.
The postal service also benefits from being exempt from certain state and local requirements such as taxes and licensing, it said. The FTC estimated the value of these implicit subsidies range from USD 39 million to USD 117 million a year for the postal service’s competitive products operations.
Overall, the FTC said the postal service’s government- related benefits and restrictions hurt the entire competitive mail industry by distorting the market.
Legal constraints cause the postal service to use more resources to create its products, but the higher costs are partially masked from consumers by the service’s legal advantages.
These distortions mean more resources are used to produce the current volume of mail products than is necessary.
The postal service, which handled 212 billion pieces of mail and earned nearly USD 75 billion in fiscal 2007, has struggled in recent years because of increased competition from commercial rivals such as FedEx Corp and United Parcel Service Inc and because of the growing use of the Internet.

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USPS adopts new standards for undeliverable-as-addressed mail from abroad

Posted by | Jan 15, 2008 | |

The US Postal Service has implemented new standards to recover the cost of handling undeliverable-as-addressed items posted from abroad with a US return address. The change took place January 14.

In the past, the USPS provided the return service without charge. Now, to recover the cost of handling these mailpieces, the new regulations will allow the USPS to collect the applicable First-Class Mail International rate.

If an item has been mailed in a foreign country by or on behalf of a US resident or US-based firm, and the foreign postage rate applied to the item is less than the US domestic rate, then the USPS will have the right to collect the applicable postage.

Essentially, this is putting down in writing something that the Universal Postal Union, a specialized agency of the United Nations, put into effect in 1999, said Yvonne Yoerger, spokeswoman for USPS.

She added that, since then, it has been up to individual countries whether they wanted to follow the practice or not. In the US, for example, the practice has not been applied consistently. “We want to get a handle on how significant this is for us,” she said.

The USPS is currently collecting data on how much money it stands to save from the change, according to Obataiye B. Akinwole, USPS classification specialist. “We know that it is an issue, we’re just looking to see how big an issue it is now,” he said.

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Survey: FedEx's Smith among top CEOs (US)

Posted by | Jan 14, 2008 | |

FedEx Corp. Chairman, President and CEO Frederick W. Smith is among America’s best Chief Executives, according to Institutional Investor magazine.

Smith was named the best CEO in the airfreight and surface transportation category for the second consecutive year in the magazine’s survey.

The magazine surveyed portfolio managers, analysts and other investment professionals and asked them to name the best CEOs in their sectors.

Around 900 people at 425 institutions responded with first, second and third place votes in each of the sectors with which they were familiar.

“A common trait exhibited by many of the winners is experience managing through crises, scandals and turnarounds,” the company stated in a release.

Based in Memphis, FedEx Corp. provides transportation, e-commerce and business services through several divisions, including FedEx Ground, FedEx Freight, FedEx Kinko’s and FedEx Global Supply Chain Services.

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