Tag: USA

Contrasting outlooks from UPS, FedEx a factor of competition, analysts say

Posted by | Jan 12, 2005 | |

FedEx Corp.’s strength in next-day air deliveries and improvements in its ground business helped it post a more positive outlook for the quarter that includes the holiday shipping season than larger rival UPS Inc., analysts say.

Atlanta-based UPS warned Tuesday that its fourth-quarter earnings would fall short of previous estimates because of higher operating costs and weaker than expected domestic package volume from Christmas to New Year’s Day. FedEx, based in Memphis, Tenn., issued a statement saying its business remained strong over the holidays and it would meet its earnings goals.

“They’re tough competitors; one may be benefiting at the other’s expense,” Arthur Hatfield, an analyst with Morgan, Keegan & Company Inc. in Memphis, said Wednesday.

Read More

UPS delivers a downgrade after bad Christmas period

Posted by | Jan 12, 2005 | |

United Parcel Service, the package delivery giant, yesterday cut its forecast for fourth-quarter earnings, blaming lower-than-expected volume and stormy weather during the peak Christmas period. The profit warning punctured the optimism that has surrounded the express delivery industry in recent months, which had benefited from a growing US economy and surging trade with Asia.
However, FedEx, the largest package delivery company after UPS, said it had experienced “a strong holiday season” and reaffirmed its existing profit guidance. UPS portrayed its problems as a short-term blip and reaffirmed its “positive” outlook for this year. UPS said fourth-quarter earnings-per-share were now expected to be 75-76 cents, down from an earlier guidance of 83-87 cents.

Read More

FedEx reaffirms earnings guidance for third quarter

Posted by | Jan 11, 2005 | |

FedEx Corporation today reaffirmed its previous guidance of USD 0.90 to USD 1.00 per diluted share for the third quarter ending February 28, 2005. “FedEx experienced a strong holiday season,” said Alan B. Graf Jr., executive vice president and chief financial officer. “We continue to see favorable US and global economic conditions and demand for all of our transportation services is strong.”

Read More

USPS Governors Elect Leaders

Posted by | Jan 11, 2005 | |

The Governors of the US Postal Service today elected James C. Miller III of Virginia to be chairman and Alan C. Kessler of Pennsylvania to be vice chairman for 2005. Governor Miller, a former Director of the U.S. Office of Management and Budget, was appointed a Governor in April 2003. He has broad government, private sector and academic experience and serves as Chairman of The CapAnalysis Group, an economic, financial and regulatory consulting firm associated with the international law firm Howrey Simon Arnold & White. Governor Kessler is a Philadelphia attorney and partner in the firm of Wolf, Block, Schorr and Solis-Cohen, LLP, with substantial experience in the defense of class-action litigation, including securities, antitrust, toxic tort and civil rights cases. He was appointed a Governor in November 2000 and serves as Chairman of the Strategic Planning Committee.

Read More

FedEx Custom Critical launches surface expedite services for Mexico

Posted by | Jan 10, 2005 | |

FedEx Custom Critical, a subsidiary of FedEx Corp. is expanding its portfolio to include surface expedite services to and from Mexico. This service provides customers with time-specific freight deliveries to and from Mexico, the United States and Canada. FedEx Custom Critical provides the transportation services for the U.S. and Canadian portions of these shipments, with premium carriers in Mexico handling the exclusive-use transit south of the US border. “Extending our surface expedite capabilities into Mexico adds another dimension to the solutions we can offer our customers,” said Virginia Albanese, vice president of service for FedEx Custom Critical.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest