Tag: USA

FedEx first-quarter earnings up 3 pct to 1.58 USD per share; issues FY warning

FedEx Corp reported earnings of 1.58 USD per share for the first quarter, up 3 pct compared to 1.53 a year ago.

The company said revenue was 9.2 bln USD, up 8 pct from 8.55 bln USD the previous year, and operating income was 814 mln USD, up 4 pct from 784 mln USD a year ago.

Net income was 494 mln USD, up 4 pct from last year’s 475 mln USD.

However FedEx said it expects earnings to be 1.60-1.75 USD per share in the second quarter, compared to 1.64 USD a year ago.

‘While the U.S. economy is growing at a moderate pace, recent financial market volatility and high energy costs have increased the uncertainty surrounding the near-term economic outlook, and weakness in the housing sector continues,’ said Alan Graf, FedEx’s chief financial officer. ‘As a result of this weaker than anticipated economic environment, particularly its impact on the LTL freight market, we have reduced our earnings forecast by four percent for the full year.’

For the full year, the company now expects earnings of 6.70-7.10 USD per share. The capital spending forecast is 3.5 bln USD, of which FedEx said approximately 70 pct is targeted for growth. ‘However, management is reviewing the timing of capital outlays, which could result in lower spending for the year.’

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Pitney Bowes makes ten-best list for green efforts

Pitney Bowes Management Services has been selected as one of the Top 10-ranked outsourcing vendors for environmental stewardship, according to a recent Brown-Wilson Group independent study of industry decision makers and analysts. PBMS also ranked first in the category of Document Processing Outsourcing.

The efforts of the company’s task force have resulted in the installation of better insulation and climate-control hardware and the use of more energy-efficient and better quality lighting.

The company is also in the final stages of an eco-friendly world headquarters renovation. After completing the first two of five phases, 193 tons of demolition and construction debris has been recycled. At this rate, by the end of phase five, 450 tons of debris will have been saved from the landfills and recycled instead.

Pitney Bowes has a history of environmental consciousness. In 2006 Pitney Bowes purchased renewable energy certificates (RECs) to offset 17 percent of the electricity consumed annually by the company’s corporate office facilities in the United States and United Kingdom.

Pitney Bowes is a founding member of the Green Power Market Development Group, a collaboration of 12 leading US corporations and the World Resources Institute united to building corporate markets for renewable and eco-friendly energy.

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Neopost launches comparison tool

Neopost, provider of mailing and shipping solutions, is now offering online shipping through an agreement with UPS and the US Postal Service.

Neopost will provide its customers with a new multi-carrier online shipping application that lets users compare shipping options.

The tool was designed for businesses that average two or more packages per day.

“This is an excellent example of ways UPS’s easy-to-use shipping technologies can complement the applications and product offerings of other companies,” said Diana Hatcher, a UPS spokesperson.

Representatives from Neopost and USPS did not respond in time for comment.

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Direct Marketing Services – Industry Profile

The direct marketing services industry includes about 3,700 companies with combined annual revenue of over USD 11 billion. Major companies include Harte-Hanks, InfoUSA, RR Donnelley & Sons, and Acxiom. The industry is relatively fragmented: the 50 largest firms account for 46 percent of industry revenue.

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Postmaster General champions value of mail on national broadcast

From leveraging cutting-edge technology to conducting national elections, mail matters to American consumers and businesses and finding ways to make mail more valuable is invaluable to the future of the U.S. Postal Service.

That’s the message Postmaster General John E. Potter shared with more than 14,000 customers and Postal Service officials gathered at more than 150 sites to participate in National PCC Day today. The Postal Customer Council™ is a network of community-based business mailers and representatives of the U.S. Postal Service, who gather regularly to share ideas and resources to create a closer working relationship. On both the national and local levels, Postal Customer Councils (PCCs) work to continually improve service and communications.

The Intelligent Mail Barcode is one way the Postal Service is leveraging technology to provide greater value and ease to business mailers, he said. Intelligent Mail barcodes provide a wealth of information to mailers, including the ability to track mail end-to-end. More than 200 mailers are using the barcode, according to Potter. Earlier this month, the Postal Service recorded a major milestone: the one billionth barcode was scanned. One out of every 100 pieces of mail sorted daily now contains the Intelligent Mail Barcode — and use of the barcode is entirely voluntary at this time.

Potter was joined during the broadcast by Georgann Dustan of the Elections Division of Multnomah County, OR, who praised the security of the mail and Postal Service infrastructure that helped make voting by mail a success in her state, and by John Greco, president and chief executive officer of the Direct Marketing Association. Greco estimated that marketers will invest more than USD 55 billion on direct mail this year.

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