Tag: USA

DHL continues expansion of North American Network

Posted by | Dec 16, 2004 | |

DHL today announced the location of its new West Coast distribution facility in Riverside, California. DHL will spend USD65 million in the lease and development of the new hub as part of a USD1.2 billion North American network expansion program launched by the company in June 2004. Recently, the company also announced the buildout of an expanded DHL Air & Ground Hub in Wilmington, Ohio, and the addition of seven new Regional Sort Centers that will be opened this year.

“DHL promised to be a strong alternative to the duopoly of FedEx and UPS, allowing customers to do business more quickly, efficiently and competitively,” said Fred Beljaars, executive vice president for operations, DHL Americas. “The new West Coast Distribution facility is the latest element of our USD1.2 billion investment program to expand and enhance DHL’s North American service network.”

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FedEx reports strong revenue and earnings growth in second quarter

Posted by | Dec 16, 2004 | |

FedEx Corp. reported the following consolidated results for the second quarter:
revenue of USD7.33 billion, up 24% from USD5.92 billion the previous year, operating income of USD600 million, up from USD183 million a year ago operating margin of 8.2%, up from last year’s 3.1% and net income of USD354 million, up from USD91 million the previous year. “We have very strong momentum across our business segments,” said Frederick W. Smith, chairman, president and chief executive officer. “Global and U.S. economic conditions remain favorable, and businesses are replenishing inventories and investing at a healthy pace. The demand for FedEx services is strong and we are highly optimistic about our growth and profitability during the second half of our fiscal year.”

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ACLI’s key postal privatisation issues outlined, Japan

Posted by | Dec 16, 2004 | |

The American Council of Life Insurers (ACLI) announced today it has submitted to the government of Japan a ten-point review of issues it sees as critical to the privatization of Japan Post’s insurance business.

Under an initiative put forth by Prime Minister Koizumi, the Postal Privatisation Preparatory Office (PPPO) is currently drafting legislation for early 2005 Diet consideration to move Kampo, the world’s largest life insurer, into the private sector after decades of government ownership. Japan Post’s other major businesses — savings bank giant Yucho and the postal delivery business, would also be privatised. Meanwhile, a new corporation for the network of post offices would be established.

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U.S. wants Japan Post to have equal footing with private firms

Posted by | Dec 10, 2004 | |

The United States urged Japan on Friday to ensure that Japan Post will have an equal footing with private companies in express mail delivery, postal savings and insurance businesses after the state-backed entity is privatized, a U.S. government trade official said.

The official said it is important that the postal entity establish “a truly level playing field between Japan Post and its competitors in the insurance, banking and express delivery markets.”

The U.S. government made the request to the Japanese government when the two sides held working-level talks in Tokyo from Wednesday to Friday.

The talks are part of bilateral dialogue under the U.S.-Japan Regulatory Reform and Competition Policy Initiative. It is a key component of the Japan-U.S. Economic Partnership for Growth, launched in 2001 by Prime Minister Junichiro Koizumi and U.S. President George W. Bush.

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Lockheed Martin wins USD26M U.S. Postal Service order

Posted by | Dec 9, 2004 | |

Lockheed Martin said Thursday that it has been awarded a USD26 million deal by the U.S. Postal Service to provide the agency with 1,200 wide field of view cameras. The cameras will be used for reading bar codes and optical characters at post offices nationwide.

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