Tag: USA

Cash Flow from Operations for FedEx Reaches Eight Year High

Posted by | Jul 18, 2006 | |

CashFlowNews.com reports that Cash Flow from Operations for FedEx Corporation (NYSE:FDX) for its quarter ended May 31, 2006 was $1,457,000,000, a 26% increase over the year earlier same quarter when FedEx generated USD1,157,000,000 in Cash Flow from Operations.
FedEx has generated thirteen consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a eight year high. For FedEx’s twelve months ended May 31, 2006 Cash Flow from Operations was USD 3,676,000,000, compared with USD3,117,000,000, a 17.9% increase over the comparable year earlier twelve months. Cash Flow from Operations for the most recent twelve months also reached a eight year high. The shares of FedEx were recently trading at USD108.82 which is within 10% of their ten year high of USD120.01 on May 5, 2006.

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DHL Appoints New Senior VP, Humanitarian Affairs

Posted by | Jul 17, 2006 | |

DHL Americas, a Plantation, Fla., package delivery company, said it has appointed Dan Ludwig to the position of senior vice president to oversee the carrier’s newly created office of Humanitarian Affairs and Emergency Management.

Ludwig will lead a team responsible for providing direction and support across business units for DHL planning, preparation and response to all emergencies, including natural disasters. He also will work with government organizations and DHL, partners, including the United Nations and local civil entities, on emergency planning and response.

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U.S. Postal Service transforms Human Resources to meet the demands of the Information Age

Posted by | Jul 17, 2006 | |

The U.S. Postal Service focus of using the latest technology to make customer transactions quick, easy and convenient is now being extended to its employees. The Postal Service is replacing its existing outdated human resources technology with a fully-integrated system to streamline, standardize and automate HR processes. Once fully implemented, the new system—called PostalPEOPLE—will be the largest of its kind anywhere.

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New global business organization to be created

Posted by | Jul 17, 2006 | |

Postmaster General Jack Potter has announced that a new Global Business organization will be created and Paul Vogel has been named its first senior vice president and managing director. Potter also has selected Anthony (Tony) Pajunas to serve as vice president, Network Operations.

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FedEx, UPS subpoenaed in US cargo probe

Posted by | Jul 14, 2006 | |

FedEx Corp. and United Parcel Service Inc. said on Friday they received grand jury subpoenas as part of a global probe by the U.S. government into possible criminal violations of antitrust laws in the air cargo transportation industry.

The U.S. package delivery companies said they do not believe they are targets of the investigation, which has drawn in Air France-KLM, British Airways Plc, Deutsche Lufthansa AG, Scandinavian airline SAS, Luxembourg-based Cargolux Airlines International and Air Canada’s parent, ACE Aviation Holdings Inc.

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