Tag: USA

US Postmaster General reiterates pledge to hold rates until 2006

Posted by | Sep 14, 2004 | |

Postmaster General John E. Potter said today that aggressive cost cutting has resulted in USD11 billion in expense savings over the last three years, enabling him to reiterate his commitment to maintain current postage rates until 2006. “The Postal Service will continue to focus on the strategies identified in our Transformation Plan*, and we will continue to deliver the plan’s commitments ahead of schedule,” said Potter, at the monthly Board of Governors meeting. Three years ago the Postal Service committed to take USD5 billion in savings and cost avoidances out of the annual spending by 2006. In the first three years, Potter said USD4 billion has been saved. He added he expects to save more than USD1 billion in 2005.

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FedEx completes acquisition of Parcel Direct

Posted by | Sep 13, 2004 | |

FedEx Corporation today announced it has completed the USD120 million acquisition of leading national parcel consolidator Parcel Direct from Quad/Graphics. With this acquisition, FedEx adds to its range of distinct, yet complementary, residential services, including FedEx Express and FedEx Home Delivery. Parcel Direct extends the unequalled FedEx portfolio to customers in the fast-growing e-tail and catalog industries who are looking for a cost-effective means of shipping low-weight, less-time-sensitive goods. “This acquisition adds another proven solution to our portfolio and offers customers even greater choice for residential shipping,” said Daniel J. Sullivan, president and chief executive officer of FedEx Ground. “I’m confident that we can build on the successful operating model put in place by Parcel Direct to quickly meet increasing customer demand.”

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A Chinese ‘takeaway’ – US-China freighter rights

Posted by | Sep 13, 2004 | |

The US-China freighter rights allocation just announced by the US Department of Transportation unfairly favours express operators, Northwest Airlines claimed last week. NWA Cargo, which currently flies three freighters a week into Shanghai, told IFW it was disappointed its allocation ignored the greater needs of the heavy cargo market. The DoT proposed allocating FedEx and UPS six weekly freighter flights each and a further six from March 2005. These would be in addition to the 11 and six respectively the two currently operate. NWA Cargo was offered three this year and three next. “NWA Cargo will continue to have substantially fewer frequencies than FedEx and UPS, despite the fact that the predominant demand in the US China market is heavy freight, ” the company said.
It declined to speculate on why the US government had favoured express operators, although FedEx and UPS are known to have a strong lobbying influence in Washington.

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Utah next for DHL expansion

Posted by | Sep 10, 2004 | |

DHL Worldwide announced plans Thursday to open a regional sorting facility in Salt Lake City. The USD3 million facility initially will employ 38 people, and serve destinations in Utah and parts of Idaho. The hub is part of DHL’s plan to invest USD1.2 billion to develop an integrated delivery system across North America. The company, a unit of Germany’s Deutsche Post World Net, opened a similar facility in Denver, both to serve as strategic east-west network links.
Five other sorting centers will be opened in as-yet undisclosed cities, a direct challenge to FedEx Corp. and United Parcel Service.

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UN Postal Authority’s snail mail races into profit for first time in decade

Posted by | Sep 9, 2004 | |

United Nations snail mail sprinted into the black in the first six months of 2004 after years of wallowing in red ink as the world body’s Postal Administration (UNPA) registered its first net profit since 1994 thanks to lowered operating costs and new marketing initiatives such as personalised stamps.

UNPA, which has been issuing stamps since 1951 for mailings from its various headquarters with themes devoted to peace, health, the environment and other global concerns, expects to maintain or even improve on the net profit of USD706,434 for the first half of this year as more new products are introduced.

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