ABM Security Services, Inc., a wholly-owned subsidiary of ABM Industries Incorporated, has been awarded a multi-year, multi-million dollar national contract with the Unites States Postal Service. The contract covers security guard services for more than 60 postal service facilities located in 20 states across the country and includes more that 300 security personnel.
Read MoreFedEx Corporation reported earnings of USD1.36 per diluted share for the fourth quarter ended May 31 including USD 0.01 of business realignment costs and a USD0.04 benefit from a nonrecurring reduction in the effective income tax rate. This compares to USD0.92 per diluted share a year ago, an increase of 48%. Earnings before business realignment costs and the tax benefit were USD1.33 per diluted share. “We have strong momentum in our business,” said Frederick W. Smith, chairman, president and chief executive officer. “Our entire portfolio of transportation services is experiencing strong demand, especially in ground, international express and regional less-than-truckload services. Another bright spot is the contribution of FedEx Kinko’s to our earnings. The company’s strategy of bundling its broad portfolio of services to customers is working very well.”
Read MoreUPS has announced it will begin deploying wireless technologies, including Bluetooth and Wi-Fi, to package facilities and drivers in Europe to ensure customers continue to have the most up-to-the-minute tracking information available at all times. The first part of the deployment will occur inside UPS sorting centers and hubs.
Read MoreThe U.S. Postal Service has been named one of the 50 Best Companies for Minorities for the fifth year in a row by leading business magazine FORTUNE. The Postal Service ranked sixth on the list this year. The rankings appear in the current issue.
“This is a great honor and I’m extremely proud of every employee of the Postal Service. Dedication to the values represented by diversity has helped us build an organisation that is stronger because of it,” commented Postmaster General John E. Potter.
Read MoreFedEx, UPS and American Airlines have welcomed the bilateral aviation agreement between the US and China, which extends through 2010, and provides 111 new weekly US-China flights for US cargo airlines. The US DoT will be responsible for allocating the new flights, the first of which will be available in August. The new agreement contains a key provision that allows US cargo carriers to establish hubs in China once specific criteria are met. The agreement also includes provisions for a 500% increase in cargo capacity between the two countries and underscores the increasing globalisation of commerce and benefits of bilateral trade.
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