Tag: USA

UPS Trade Direct expands shipping options to Europe

Posted by | Mar 22, 2006 | |

UPS today announced it had completed the rollout of UPS Trade Direct Air and Ocean services to facilitate export shipments from the United States and Canada to Europe. UPS Trade Direct services streamline the supply chain by making it easy to move goods through customs that are destined for multiple locations but transported in one shipment. Trade Direct eliminates the need for client distribution centers in the receiving country for breaking apart freight shipments, minimizing handling and carrying costs. This latest expansion follows the successful implementation of the service in 2004 along other major routes. UPS launched Trade Direct services outbound from Europe to the United States in January 2005 as well as inbound from Asia to Europe in June 2005.

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FedEx reports strong revenue and earnings growth; operating margins improve across all transportation segments

Posted by | Mar 22, 2006 | |

FedEx Corporation today reported earnings of USD1.38 per diluted share for the third quarter ended February 28, compared to USD1.03 per diluted share a year ago, a year-over-year increase of 34%. Highlights from the consolidated results for the third quarter include: revenue of USD8.00 billion, up 9% from USD7.34 billion the previous year, operating income of USD713 million, up 29% from USD552 million a year ago and net income of UD428 million, up 35% from UDS317 million the previous year. “FedEx continues to deliver strong results by providing outstanding customer service around the world and by crisply executing our strategy of balancing volume and revenue growth with cost containment to improve our margins,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “With our broad portfolio of services, FedEx is uniquely positioned to take advantage of continued growth in the global economy.”

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Analysts expect higher FedEx results

Posted by | Mar 17, 2006 | |

FedEx Corp., in the midst of expanding in Asia, will report quarterly results next week that Wall Street analysts expect will be an improvement from a year ago despite high gasoline and jet fuel prices. The company will report its fiscal 2006 third-quarter results on March 22. According to Thomson First Call, analysts expect the shipping company to earn USD1.30 a share, with a range of estimates from USD1.24 to USD1.35 a share. Revenue is expected to reach USD8.03 billion. Last year, the company brought in USD7.34 billion in sales during the quarter and earnings of USD1.03 a share, according to First Call.

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US Postal Service 'mailing online' goes global

Posted by | Mar 16, 2006 | |

USPS customers using NetPost’s Mailing Online now can send mail internationally. Mailing Online, a printing and mailing service, combines the speed of the Internet with the effectiveness of traditional mail. Mailing Online offers an array of printing and mailing options to customize orders including printing, folding, inserting, addressing, and applying the postage to each piece. This year, the US Postal Service expanded delivery options for Mailing Online to include international addresses. Delivery had been limited to domestic addresses. Customers now only have to add a “country field” to their address lists before submitting the final mail piece and complete address database.

“Many small business owners are expanding into foreign markets or offering products overseas. Giving customers the option of sending the direct mail pieces they create through Mailing Online overseas is one more way the Postal Service is responding to the needs of our customers,” said Nick Barranca, Vice President, Product Development.

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ABX Air notified of intent to reduce hub services

Posted by | Mar 16, 2006 | |

ABX Air, Inc. announced today an agreement with its major customer, DHL, that will reduce the range of services provided by ABX Air under the Hub and Line-haul Services Agreement during 2006, and provides a framework for negotiating other potential terms in the Hub Services Agreement and the Aircraft, Crew, Maintenance and Insurance Agreement. Specifically, ABX Air and DHL have agreed that: DHL will take over responsibility for the over-the-road truck line-haul network ABX Air currently manages for DHL; DHL will not require ABX Air to operate or manage its Allentown hub after a new facility opens at that location in the third quarter of 2006; ABX Air will have an opportunity to earn additional performance incentives beyond the existing contractual incentives in its ACMI Agreement and Hub Services Agreement if it can achieve very significant cost reductions in 2006; and ABX Air and DHL will undertake negotiation of additional modifications to the Hub Services Agreement and the ACMI Agreement to create greater risk/reward metrics for performance under these agreements.

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