Tag: USA

US Postal Service security still lacking, government report finds

Posted by | Nov 16, 2004 | |

Thousands of keys are missing from former employees at one postal site, and gates are unlocked at others, the government said Tuesday in a report detailing security gaps at major mail centers. A report by the US Government Accountability Office said efforts have been made to make postal facilities more secure, but security still lags at many of the nation’s 373 core mail centers. The US Postal Service agreed with the report and promised to refocus its efforts. “We still have room for improvement at many facilities,” the Postal Service’s chief operating officer, Patrick Donahoe, wrote to the GAO after receiving the agency’s report. Investigators with the GAO visited 13 core facilities and found problems ranging from open entry gates to employees not wearing badges. Core sites include processing and distribution centers, bulk mail centers and operations at airports.

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Growth is costly for DHL

Posted by | Nov 15, 2004 | |

While the air-express industry waits to see how DHL’s huge expansion effort affects the U.S. market for expedited cargo, the impact on DHL is becoming more evident. DHL parent Deutsche Post World Net announced larger-than-expected losses in the Americas, where the company is mounting a $1.2 billion challenge to FedEx and UPS. Deutsche Post followed the disappointing financial results by announcing a management shakeup.

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DOT orders FedEx to repay USD29 million

Posted by | Nov 12, 2004 | |

FedEx Corp. is challenging an order by the US Department of Transportation to repay USD29 million of the federal money it received after the 2001 terrorist attacks, a spokesman said Friday. The Air Transportation Safety and System Stabilization Act provided financial relief to US air carriers after the Sept. 11, 2001, attacks. FedEx was paid USD101 million under the act in 2002. But a review by the Department of Transportation determined that the company was only entitled to USD72 million and it wants FedEx to repay the rest. “We will vigorously challenge this,” FedEx spokesman Jess Bunn said. “We’ve already started looking at various ways to appeal this decision.”

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More UPS freight forwarding buys possible – CFO

Posted by | Nov 10, 2004 | |

United Parcel Service Inc. Chief Financial Officer Scott Davis said on Wednesday future acquisitions in the freight forwarding arena are possible in coming years. Davis said on a Webcast of a transportation conference held by Citigroup’s Smith Barney unit that UPS was always looking to fortify its network by, for example, adding domestic freight forwarding capacity in the United States.

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DHL streamlining to impact ABX Air revenues

Posted by | Nov 10, 2004 | |

ABX Air, the one-year-old air cargo airline spun off from courier Airborne Express following the merger with DHL in 2003, said it expects to lose USD86 million to USD96 million in gross revenue in 2005 as a result of route restructuring by primary customer DHL. Airborne was forced to spin off its in-house airline to comply with U.S. corporate citizenship laws for owning domestic airlines. DHL retained ABX as its main air carrier, along with Astar Air Cargo, formerly DHL Airways. DHL notified ABX that it no longer would require airlift on 22 routes provided by 26 aircraft. Seven of the 26 aircraft are to be removed from service in January, with the remaining 19 aircraft removed by the end of 2005. The projected revenue reductions include money the airline made from marking up expenses to operate its planes. ABX said annual net income would take a hit in the range of USD800,000 to USD1.5 million.

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