UPS today announced it had completed the purchase of Menlo Worldwide Forwarding, Inc., formerly a subsidiary of CNF Inc. “Menlo Worldwide Forwarding’s capabilities complement UPS’s ability to manage customers’ shipments of any size, anywhere and in virtually any time frame,” said Bob Stoffel, UPS senior vice president, Supply Chain Group. Menlo Worldwide Forwarding services soon will be sold under the UPS brand, he added.
Read MoreDeutsche Post World Net AG’s unit DHL said it is investing 65 mln usd in the development of two new logistics centres in the US west coast.
It said the two new centres will be in Riverside and in San Jose, both in California.
Read MoreAt 1.30am on Wednesday, managers at FedEx’s main US package handling facility at Memphis airport faced a difficult decision in the middle of their busiest week of the year. Parcel sorting was supposed to finish for the night at 2.07am, leaving enough time to get items to their final destination anywhere in North America before lunchtime. But two inbound FedEx aircraft from California were running late, meaning their cargoes risked being stranded in Tennessee.
“We have to weigh up the cost of leaving those packages behind against the cost of holding up the whole operation to wait for them,” said Marla Waldheim, a systems administrator. “If the outbound aircraft are held back too long, some might miss their landing slots and then the delays start rippling through the system.”
Read MoreFedEx, the package delivery giant, painted a rosy picture of the world economy yesterday when it announced a four-fold increase in second quarter net profits and increased its earnings guidance for the year.
Fred Smith, chairman and chief executive, reported “very strong momentum” across the company and said global and US economic conditions remained “favourable” as businesses replenished inventories and invested at a “healthy pace”.
Mr Smith said the Christmas retail season was looking strong with FedEx having handled 8.1m packages on its busiest day of the year last Monday – 1m more than last year and ahead of its 7.7m target. Rapid growth in e-commerce was among the factors behind FedEx’s strong performance as more people had goods delivered to their homes after ordering on the internet.
Read MoreDHL Express (USA), Inc., today announced new express and ground delivery rates and fee adjustments effective January 16, 2005.
In keeping with price adjustments applied throughout the express and parcel shipping industry, rates for DHL Domestic Air Express and International Express will increase an average of 3.4percent. DHL Ground Service rates will increase an average of 2.9percent. Rates for DHL@Home, the company’s expedited business-to-residence shipping service, will increase an average of 3.7percent.
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