Tag: USA

US Postal Service (USPS) gaining momentum in the B2C parcel market

Posted by | Jun 9, 2005 | |

The USPS often is overlooked as a competitive threat to UPS, but with 22% of the domestic ground package market, we believe it’s a force to be watched, especially given that the USPS is growing its parcel volumes once again, after a few years of decline. We should remember that the USPS is the low-price leader in many markets and so its improved service is putting pressure on UPS’s pricing in those lanes in which it competes, namely light-weight B2C. We believe the re-energized USPS management is attempting to find new ways to bemore efficient and to this end we believe it will be more aggressive in re-pricing its $1billion annual contract with FDX for providing the air line-haul for the USPS’s Priority Mail and Express Mail shipments. While we see potential margin pressure for FDX, the contract doesn’t expire until 2008 and thus we don’t see any near-term disappointment.

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Deutsche Post board member Appel says DHL seeks US, Asian acquisitions

Posted by | Jun 5, 2005 | |

Deutsche Post World Net AG board member Frank Appel told Die Welt in an interview to appear in tomorrow’s edition that its DHL unit wants to make acquisition in order to expand its logistics operations in the US and Asia.

‘We are talking about small to mid-sized companies with sales between 10-150 mln eur,’ Appel told the newspaper.
However, in Eastern Europe DHL wants to grow organically, he said.

Appel declined to comment on whether Deutsche Post wants to acquire UK logistics company Exel PLC.

‘That rumour has already been around for three years,’ Appel said. ‘I don’t know who keeps bringing that up.’

Appel confirmed that Deutsche Post is in talks to buy the remainder of KarstadtQuelle AG’s logistics operations.

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FedEx grants USD32m in options to executives

Posted by | Jun 3, 2005 | |

FedEx Corp. granted its Chairman, President and Chief Executive Officer Frederick W. Smith 250,000 stock options on June 1 with an exercise price of USD89.70 each, according to a federal filing late Thursday. David J. Bronczek, head of FedEx Express, and other officers were granted a total of 114,750 options at the same price. Kenneth Masterson, the company’s former general counsel, retired June 1 and entered into a two-year consulting agreement that includes tickets to Memphis Grizzlies games, a USD65,000 golf club membership and a gift from FedEx of a USD28,347 John Deere tractor . Shares of FedEx rose USD1.06 to USD91.25 Thursday.

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DHL to offer high performance residential parcel service in Japan

Posted by | Jun 1, 2005 | |

DHL Smart & GlobalMail has announced a new postal parcel shipping option into the fast-growing Japanese market through cooperation with Yamato Transport U.S.A., Inc., that cuts delivery times by 40 percent and adds new product features.

The product provides a delivery time of 6-7 days and includes customs clearance. The new parcel delivery service also offers additional features such as track and trace, and a returns notification service that informs customers about shipments that could not be delivered. It offers a unique solution for a broad variety of businesses shipping light and heavyweight items. Customers receiving parcels in Japan will be able to choose from six delivery time windows every day, including Sundays and holidays. Serving the increasing demand for a midrange-priced parcel delivery product in that market, the new parcel service is for dutiable and non-dutiable packets and parcels up to 55 lbs. (25 kilograms).

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FedEx Corp. Board declares quarterly dividend

Posted by | Jun 1, 2005 | |

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of USD 0.08 per share on FedEx Corporation common stock, an increase of USD 0.01 per share (an increase of 14.3 per cent) over the previous dividend payment. The dividend is payable July 1, 2005 to stockholders of record at the close of business on June 10, 2005.

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