Tag: USA

FedEx Express flies 12 new flights to China

Posted by | Oct 26, 2004 | |

FedEx Express, an operating union of FedEx Corp. announced on October 21 that it would fly new flights to China, and expand its business scope in China as well. FedEx Express remarked that this activity aimed at further consolidating its global leading position in express services sector, and enabling itself to own the most flights to China among all American express companies. FedEx Express has submitted an application to the US. Department of Transportation for opening another additional 6 flights by 2006, to bring the total to 29. It also prepares to bring Guangzhou into the global express network and the express network in the Asia-Pacific region.

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FedEx downplays threat to Philippine hub

Posted by | Oct 25, 2004 | |

FedEx last week said it was untroubled about the status of its Asia hub following statements from the Philippines government concerning the renegotiation of its air services agreement with the US. The Philippine government is said to believe the existing arrangements, which give almost complete freedom for US cargo airlines to operate services through some airports in the country, are unfair to Philippine airlines. A FedEx spokeswoman told IFW: “We don’t expect any changes. That would be a big step back in time. The reason we have a hub at Subic Bay is because we have open skies there. We have an agreement to operate there until 2010 and the freedom to operate air services there is a part of that.” Talks this summer to further expand air services between the two countries broke down when Philippine representatives refused US requests to allow “seventh freedom” flights for US cargo carriers.

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UPS reports solid 3rd quarter earnings as package business grows worldwide

Posted by | Oct 21, 2004 | |

UPS today reported solid third quarter growth with revenues rising 7.7% and net income increasing 20.4%. Total worldwide average daily volume increased by 445,000 packages per day to 13.7 million, a 3.4% increase. Total international export package volume grew 13.2%, while UPS Supply Chain Solutions posted strong growth with revenue up 10.1%. “The reach and reliability of our global package delivery network is unmatched and we’re attracting new business as a result,” said Scott Davis, UPS’s chief financial officer. “We’re seeing double-digit export growth in every region of the world with strong profit increases to match.”

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FedEx rebrands Parcel Direct as FedEx SmartPost

Posted by | Oct 21, 2004 | |

FedEx Corporation today announced a new brand identity for recently acquired national parcel consolidator Parcel Direct – FedEx SmartPost(SM). The New Berlin, Wisconsin-based subsidiary of FedEx Ground, the small-package ground delivery unit of FedEx Corporation, will begin operating under the new brand immediately. “Rebranding Parcel Direct as FedEx SmartPost allows us to leverage the considerable power of the FedEx brand in the emerging parcel consolidator market,” said T. Michael Glenn, executive vice president, FedEx Corporation. “The name also aptly describes a smart, cost-effective way to deliver packages to residences using the delivery strengths of the United States Postal Service.” FedEx SmartPost operates a low-cost network specifically built to tender low-weight, less time-sensitive packages into the US Postal Service system, typically at the local post-office level, for final delivery to residences.

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