Tag: USA

UPS once again “America’s Most Admired”

Posted by | Feb 21, 2006 | |

UPS today was rated “America’s Most Admired” company in its industry in an annual survey conducted by FORTUNE magazine. The company also ranked in the Top 10 across all of corporate America in seven of the eight criteria used by the magazine to rank companies, including a No. 1 ranking for social responsibility for the third straight year. UPS was ranked No. 2 in the United States for “product quality.” It was rated No. 3 in each of the categories of “best use of assets” and “financial soundness.” And it ranked No. 5 for “people management;” No. 6 for “management quality,” and No. 9 for “long term investment.” In the FORTUNE rankings for the Delivery Industry, UPS was rated No. 1 with a composite score of 8.54 on a 10-point scale, almost six-tenths of a point ahead of its nearest competitor. UPS has been ranked No. 1 in its industry for 22 of the last 23 years.

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US postal depot unveils new solar upgrade

Posted by | Feb 19, 2006 | |

The US Postal Service has unveiled its new solar-powered plant at the San Francisco Processing and Distribution Center. The Delivering Clean Energy Project, a collaboration with Chevron, is estimated to save the Postal Service USD1.2 million annually in heating and lighting costs at one of its largest Northern California centers. The plant processes 7.5 million pieces of mail a day and is the Bayview district’s largest employer. “We do care about the environment,” said Thomas Day, the Postal Service’s senior vice president of government relations. “And we care, quite honestly, about saving money.” Day spoke at the Feb. 9 ceremony, along with representatives from the state and the US Environmental Protection Agency, before pulling down the ceremonial switch on a project that began implementation more than a year ago. The USD15 million project combined funds from projected energy savings (UD8.3 million), USD4 million from the Postal Service’s CFC refrigerant replacement program and a USD2.3 million rebate check from Pacific Gas & Electric Co. The state of California also gave alternative energy grants to the project.

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Deutsche Post delays US breakeven target

Posted by | Feb 16, 2006 | |

Deutsche Post, which owns the DHL express-delivery service, said Wednesday that it would take longer than it had expected to stem losses at its US operations, sending the stock down sharply. US operations will break even ”in coming years,” the company said. It had previously predicted operations there would break even in the fourth quarter of this year. The German postal service has spent about USD20 billion on acquisitions abroad over six years, including DHL Worldwide Express and Exel, in preparation for the expiration of its domestic mail-delivery monopoly as of 2008. Difficulties with Airborne’s integration and a new processing center have led to losses in the United States.

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Deutsche Post shares slump amid DHL concerns

Posted by | Feb 15, 2006 | |

Deutsche Post on Wednesday abandoned its break-even target for its struggling DHL package delivery arm in the US and said it would stop reporting separate results for the unit. The news led to a substantial sell-off of the stock. The German postal group, the world’s largest logistics company, has been plagued by problems, particularly over service levels, following its acquisitions of DHL and Airborne, a Seattle-based delivery company bought for USD1bn in 2002. It had promised to break even in the US by the last quarter of this year but on Wednesday it merely said that “[DHL] will continue its path towards break-even in the coming years”. It also said it would no longer break results down geographically because none of its rivals, such as FedEx and UPS, did. Shares in the German group, which loses its domestic postal monopoly next year and has been seeking to expand abroad to compensate, plunged 3.6 per cent, making them the biggest losers among Frankfurt’s blue-chip stocks. “If people were being mean, they could argue that Deutsche Post wants to hide the progress of the US operations,” said one German-based analyst. “It is definitely not an encouraging sign.”

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