Tag: USA

USPS headed for USD1.8 billion loss this year

Posted by | Feb 23, 2006 | |

The US Postal Service expects to lose USD8 billion by the end of its fourth quarter, in part because of surprisingly weak Standard mail volume.
“We see very little growth in Standard mail volume [right now], [but] we are hoping to get it back up to the 3 percent growth level that it did last year,” Richard J. Strasser Jr., USPS chief financial officer and executive vice president, said at yesterday’s quarterly Mailers’ Technical Advisory Committee meeting. From Oct 1 to Jan 31, the USPS planned for a Standard mail increase of 4.7 percent; theactual increase, however, was 1.5 percent. As for other mail classes, Priority Mail rose 7.5 percent; Express Mail, 5.5 percent; Package Services, 4.1 percent; and Periodicals saw no change. First-Class mail was the only category to drop in volume: down 1.6 percent.

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DHL expands footprint in The Big Apple

Posted by | Feb 22, 2006 | |

DHL announced today plans to enhance its foot-courier network within New York City by building a new facility on New York’s West Side. The USD10.4 million investment includes the leasing and retrofitting of an existing building near Times Square to serve DHL customers throughout New York’s Upper West Side and Midtown business district. DHL has the largest foot-courier network of any major US express delivery company operating in New York City. This network is comprised of three facilities serving Manhattan from the Financial District, Murray Hill on the East Side and Times Square on the West Side. Approximately 65 percent of DHL’s delivery volume within Manhattan is handled by foot-couriers. By leveraging couriers on foot within New York City, DHL is able to reduce the deployment of vehicles, decrease emissions and fuel consumption, and help mitigate urban traffic congestion.

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Deutsche Post World Net starts "DHL Innovation Initiative" with IBM, Intel, Philips and SAP

Posted by | Feb 22, 2006 | |

Under the leadership of Deutsche Post World Net, IBM, Intel, Philips and SAP have agreed on a strategic partnership called “DHL Innovation Initiative”. The companies, which all have global presence, plan to advance the development and introduction of new technologies for the logistics industry. The initiative is aimed at making supply chains more efficient by uniting the flow of information and physical goods through increased automation, visibility and improved collaboration among trading partners. To achieve this, the partners have decided to pool their logistics, technology and IT expertise.

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On Wall Street, UPS lags archrival profit margins, pilot talks cited

Posted by | Feb 21, 2006 | |

UPS officials take a decidedly disinterested public stance toward the price of their company’s stock. Chief Executive Mike Eskew says he checks the price occasionally but views Wall Street’s ups and downs as a distraction from his job of managing the Sandy Springs delivery giant “for the next quarter-century, not the next quarter.” But it’s hard not to notice that archrival FedEx has outperformed UPS on the New York Stock Exchange for five of the last six calendar years. UPS issued its first public stock in late 1999 at UD50. Shares shot to almost USD76 in the first two days of trading, then settled in the high USD60s. Since then, UPS shares have had three losing years and three gainers. They closed last week at USD76.25. FedEx has been a steadier growth stock, posting annual gains in all but one year since 2000. During that time, shares have climbed from about USD40 a share to over UD100, closing Friday at USD105.05. In the past six months, FedEx shares climbed almost 25 percent while UPS rose 5.4 percent. Art Hatfield, transportation analyst at Morgan Keegan & Co. in Memphis said investors lately are concerned about UPS’ ability to expand profit margins as well as stalled pilot contract talks.

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FedEx and Austrade launch new initiative to promote Australian exports

Posted by | Feb 21, 2006 | |

FedEx Express and the Australian Trade Commission (Austrade), have signed a two-year alliance agreement to expand trade between Australia and the United States. The agreement leverages the expertise of both FedEx and Austrade in order to make expert resources available and connect Australian and US businesses that wish to import and export. “This is an exciting development for Australian businesses,” said Geoff Gray, Austrade Senior Trade Commissioner (USA). “By combining our resources, FedEx and Austrade will make it easier for Australian and US companies to develop commercial relationships. This alliance will also help promote the benefits of the Australia-United States Free Trade Agreement to US and Australian companies and generate further interest in trade between the two countries.

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