Klaus Zumwinkel said he expects the company’s U.S. operations to begin turning a profit in 2005. During a meeting with The Wall Street Journal and Dow Jones Newswires, Zumwinkel said the German mail and parcel company doesn’t have to boost its market share any further in the U.S. to turn a profit.
Read MoreUPS once again has been rated the “World’s Most Admired” company in its industry in a Fortune magazine survey, and also ranked in the Top 10 among the world’s companies on all nine of the attributes evaluated. The recognition marks the sixth consecutive time UPS has been ranked the “World’s Most Admired” in its industry by Fortune. It follows a similar ranking announced earlier this week in which UPS was rated “America’s Most Admired” company in its industry for the 21st consecutive year.
Read MoreUPS Supply Chain Solutions, a business unit of UPS, has been named “Company of the Year” by The Traffic Club of New York for its leadership in the logistics and transportation industries.
“UPS Supply Chain Solutions has made a lasting impression on the logistics community as it has been instrumental in moving our industry forward,” said Kevin Murphy, the club’s president. “This award is a fitting tribute to the accomplishments it has made and to where it is leading the logistics and transportation industries.”
Read MoreFedEx Corp. was honored today as one of the Top 10 most admired companies in the world by Fortune magazine. It is the company’s third consecutive year to finish in the Top 10 on Fortune’s “Global Most Admired” list, and follows FORTUNE’s recognition of FedEx as one of the Top-10 “America’s Most Admired” companies last week for the third consecutive year. Earlier this month, FedEx was rated seventh, its highest-ever ranking, in the Harris Interactive/ Reputation Institute’s annual corporate reputation survey published in The Wall Street Journal. FedEx is one of the only companies to rank this highly in all three reputation surveys and the only transportation company to be included in the Top 10 in all three reputation surveys.
Read MoreIn a letter to Senate Governmental Affairs Committee Chairman Susan Collins, the General Accounting Office (GAO) agreed with her assessment that comprehensive — not incremental — postal reform is needed to ensure the US Postal Service’s future viability.
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