Representatives of U.S. Postal Service managers say a new pay-for-performance system is working and that an added emphasis on midyear reviews is one positive effect of the program.
Officers of the National Association of Postmasters of the United States and the National League of Postmasters say that all postal managers received interim reviews this year.
Read MoreCashFlowNews.com reports that EBITDA for FedEx Corporation for its quarter ended May 31, 2004 was USD1,042,000,000, a 27percent increase over the year earlier same quarter when FedEx generated USD822,000,000 in EBITDA. FedEx has generated thirty-four consecutive quarters of positive EBITDA. EBITDA for the most recent quarter also reached a eight year high.
Read MoreUnited Parcel Service Inc, which has seen double digit growth in China in the past three years, is aiming to become the first US airline to set up a hub on the mainland.
A landmark aviation deal set to be signed by the US and China tomorrow will allow US carriers to establish hubs in China provided they meet certain requirements, including 72 weekly flight movements in and out of the country.
Read MoreUpdate on USPS’ European Parcel Delivery Contract
Read MoreThe labour union representing United Parcel Service’s 2,500 pilots on Thursday said the world’s largest package carrier had been “overly optimistic” about resolving a long-running contract dispute and that a near-term resolution was not in sight.
Last month, UPS and the Independent Pilots Association announced they would seek a federal mediator after nearly two years of talks had failed to produce an agreement.
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