FedEx has said it will ask its shareholders to approve removing the company’s supermajority voting requirements at a September 2006 meeting. The supermajority provision is required for actions such as merger approval, amending fair price provisions and changing the board into classes with staggered terms.
Read MoreDHL has announced significant enhancements to its suite of domestic Next Day Air products though a major expansion of its service coverage across the U.S. DHL is also enhancing its money back guarantee for DHL Next Day 10:30 AM and DHL Saturday Delivery services.
DHL’s portfolio of Next Day Air products includes DHL Next Day 10:30 AM, DHL Next Day 12:00 PM, and DHL Next Day 3:00 PM — complemented by DHL Same Day service for the most time-critical shipments. DHL is the only U.S. express delivery provider with the flexibility to offer both 10:30 AM and 12:00 PM delivery service options.
Read MoreThe US Postal Service filed for its first Negotiated Service Agreement based on encouraging a mailer to increase its use of First Class mail. The USPS seeks a three-year agreement with Washington Mutual Bank covering First-Class Mail for the bank’s credit card services. The request was made to the Postal Rate Commission on Wednesday. An NSA is a contract between the postal service and a company, providing customized pricing incentives based on the company’s mail operations. According to the filing, the USPS estimates it will benefit by USD 46.3 million over the life of the NSA.
Read MoreDescribing the nation’s roads, ports, railroads and airports as the backbone of global trade, UPS’s chief executive officer today warned that America was taking a chance with its future by neglecting its infrastructure. “What’s shocking, quite frankly, is the inability of our transportation infrastructure to keep up with the normal day-to-day stresses imposed upon it,” said UPS CEO Mike Eskew. “Our highways, waterways, railroads and aviation networks are simply not keeping up with ordinary demands. Eskew, in addressing the Houston Forum, said business leaders had to help Americans understand that their jobs and standard of living depend on a US economy that today depends on global trade. People may not like to build new roads or add runways to airports, but the American economy risks stagnation without continued investment and infrastructure expansion, he said.
Read MorePackage shipping firm DHL Express Americas named Charles Brewer, a longtime company executive overseas, as executive vice president of U.S. air products and services in an effort to help bolster its ailing U.S. business. DHL said Brewer has been with the company 21 years, recently managed its operations in Malaysia and also held senior jobs in the Asia-Pacific region and the United Kingdom. Express Joint CEO John Mullen said Brewer brings to his U.S. position “a track record of success at DHL in markets overseas.” Parent Deutsche Post recently said its fourth-quarter earnings were weighed down by DHL’s U.S. performance, where the express operation that was ramping up against market leaders FedEx and UPS lost customers after merging two separate air hubs last September into its Wilmington, Ohio, facility. DHL subsequently said it will directly take control of the inter-city trucking operations that were formerly managed by ABX Air, the company that provides most airplanes used by DHL Express and operates its package-sort hubs.
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