Tag: USA

Goodbye, stamp vending machines: Post office phasing out aging equipment.

Posted by | Oct 19, 2006 | |

Postage stamps can be purchased by mail, at the supermarket, even from many bank cash machines. But there’s one place you won’t be able to get them in a few years – vending machines at the post office.

The U.S. Postal Service plans to eliminate its 23,000 vending machines by 2010, the agency said in a recent internal memo.

The vending machines aren’t the only changes that are under way. The postal service is also removing many of those freestanding blue mailboxes where people can drop letters.

Postal spokeswoman Yvonne Yoerger yesterday confirmed the vending machine decision, first reported by Linn’s Stamp News.

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UPS volume grows in third quarter, 1,200 jobs to be eliminated

Posted by | Oct 19, 2006 | |

United Parcel Service Inc. has credited a 5 percent spike in global small package volume for its increase in net income in the third quarter.
Atlanta-based UPS (NYSE: UPS) also announced a new five-year partnership with the Italian Post to deliver the Italian post office’s international express volume. Financial terms were not disclosed.

For the third quarter, UPS had net income of USD1.04 billion on USD11.7 billion in revenue, compared with net income of USD953 million on USD10.6 billion in revenue in the third quarter of 2005. Earnings were 96 cents a share, compared with earnings of 86 cents a share in the third quarter of 2005.

Daily U.S. ground volume increased 3.6 percent in the third quarter, while average daily volume for Next Day Air rose 1 percent and deferred air volume climbed 3.4 percent. Total international package volume grew 19.9 percent.
“UPS is moving forward with confidence,” said Mike Eskew, UPS chairman and CEO. “Our small package business continues to show strength across all segments and we are taking the steps necessary to put our supply chain business on the right track after a disappointing performance.”

In other news, Reuters reports Thursday the UPS will cut 1,200 jobs from its freight forwarding division this quarter. This move will save the package shipper about USD100 million next year.

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DHL agrees to buy 49 percent stake in Polar Air Support Services

Posted by | Oct 17, 2006 | |

DHL, the express delivery arm of Deutsche Post, has agreed to buy a 49 per cent stake in US-owned Polar Air Cargo to strengthen its presence in the trans-Pacific parcel and freight markets.

The deal represents a challenge to UPS and FedEx, the US express delivery groups, which currently dominate the tightly regulated market between Asia and the US.

DHL has a large parcel network in Asia and is also investing heavily in the US but before yesterday’s deal it lacked its own air capacity between the two markets.

Demand for trans-Pacific express delivery services is increasing sharply as trade between the US and China soars.

In return for its Dollars 150m investment in Polar, DHL will secure guaranteed capacity on the airline’s routes across the Pacific for up to 20 years.

“This key strategic partnership ensures we can meet the rapidly rising demand for air cargo capacities between the US and Asian destinations,” said John Mullen, chief executive of DHL’s express division.

UPS and FedEx each have more than 20 weekly flights between the US and China and the routes have become a powerful source of growth.

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DMA's 2006 'Power of Direct Marketing' Reports

Posted by | Oct 17, 2006 | |

Despite a US economy that shows signs of decline in some key areas, growth is predicted in direct marketing (DM) expenditures, sales, ROI, and employment through 2007, as reported in The Power of Direct Marketing, the Direct Marketing Association’s (DMA) annual forecast of direct marketing’s economic impact on the US economy, including advertising expenditures and sales. The 2006 edition of the DMA report, which has been ongoing since 1995, was released today.

The USD166.5 billion in DM advertising expenditures marketers are predicted to lay out in 2006 represents a solid 6 percent gain over 2005 spending. According to the report, marketing expenditures this year were part of a strong rebound from Hurricanes Katrina and Rita, after these storms postponed expenditures in many economic sectors from late 2005 into the first half of 2006.

The growth rate in DM expenditure through 2007 is expected to moderate further to 5.2 percent, translating to USD175.2 billion in direct marketing spending for 2007, according to DMA’s report.

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Atlas Air Worldwide Holdings and DHL to form strategic partnership

Posted by | Oct 16, 2006 | |

Atlas Air Worldwide Holdings, Inc. (AAWW), leading provider of global air cargo services, announced today that its subsidiary, Polar Air Cargo Worldwide, Inc., has executed a letter of intent for DHL to acquire a 49% equity interest, including a 25% voting interest, in the scheduled-service business of Polar Air Cargo, Inc. (Polar), in exchange for USD150 million in cash.

The proposed transaction includes a strategic 20-year commercial arrangement that will ensure DHL access to aircraft capacity in key global markets, while providing the AAWW companies with a valuable, long-term customer and potential revenue stream in excess of USD3.5 billion over the full-term of the agreement, although there are certain early termination rights at five-year intervals. In addition, DHL will have access to available additional aircraft capacity from AAWW’s subsidiary Atlas Air, Inc. (Atlas).

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