Tag: USA

FedEx Corp. net income increases 27% in fourth quarter; operating margin continues to rise

Posted by | Jun 21, 2006 | |

FedEx Corp. reported the following consolidated results for the fourth quarter:
revenue of USD 8.49 billion, up 10% from USD 7.72 billion the previous year, operating income of USD 927 million, up 25% from USD 740 million a year ago, operating margin of 10.9%, up from 9.6% the previous year and net income of USD 568 million, up 27% from last year’s USD 448 million. “FedEx posted record financial results in the fourth quarter and full year, as we ended our fiscal 2006 in an environment of solid economic growth in the US and in international markets,” said Frederick W. Smith, chairman, president and chief executive officer. “We remain optimistic about the global economic environment for fiscal 2007 and our ability to effectively manage our business. We will remain firmly focused on making every customer experience outstanding, profitably growing our business and seeking new opportunities to serve our customers.”

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TNT extends logistics contract with US Ford

Posted by | Jun 20, 2006 | |

TNT Logistics North America has extended its contract with US Ford Motor Company for the delivery of logistics services for the F-series truck plant in Kansas City, USA, TNT Logistics said on June 20, 2006. The extended contract between TNT Logistics and Ford, which have been cooperating since 2002, expires in 2009. TNT is the biggest supplier of logistics services for Ford in Kansas City, TNT said. The logistics company is responsible for the sequencing and transportation from three facilities encompassing more than 200,000 sq m of warehouse space.

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17th Annual State of Logistics Report. Embracing Security as a Core Business Function

Posted by | Jun 19, 2006 | |

During 2005, the U.S. economy slowed slightly from last year’s pace, while the
growth in its business logistics system was unparalleled. Our business logistics
costs were $1,183 billion and rose from 8.8 to 9.5 percent of our nominal Gross
Domestic Product (GDP). This is an increase of $156 billion over 2004, almost
double last year’s rise and the largest year-to-year change since we started this
model. (Figure 1) This level is also an all-time high for logistics costs. It
represents an increase of 15.2 percent over 2004. The overall economy
continued to expand in 2005 as growth occurred in almost every sector. Freight
volumes climbed higher than the previous record level.
Domestic freight transportation, in terms of tons of freight transported, has grown
over 20 percent in the last decade and is expected to increase another 65 to 70
percent by 2020. Growth in international shipments is predicted to outpace the
expansion in domestic shipments, with some estimates pegged above 85
percent.

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A survey of logistics: Chain reactions

Posted by | Jun 17, 2006 | |

Delivery companies are consolidating

“WE ARE competing with giants,” says Fadi Ghandour. The Jordanian businessman has first-hand experience of consolidation in the logistics business. He is chief executive of ARAMEX International, which began life as the Middle East partner of a number of American delivery companies. Partnerships and alliances allow operators to link with others to provide services in places where they have no operations of their own. All went well until 2003, when DHL bought Airborne Express, ARAMEX’s chief partner in America. The deal gave DHL a way to compete in the backyard of UPS and FedEx. But for ARAMEX it meant its link to the crucial American market was cut.

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