FedEx have named Cathy Ross chief financial officer for FedEx Express, replacing Tracy G. Schmidt.
“Cathy’s career has been characterized by clear demonstrations of leadership skill and by consistent achievement of results,” said David J. Bronczek, FedEx Express president and CEO. “Her contributions have significantly aided the company.”
Read MoreFedEx Corporation today announced it has completed the USD2.4 billion acquisition of Kinko’s, Inc. from Clayton, Dubilier & Rice, Inc., which previously owned the majority of Kinko’s outstanding shares. “FedEx and Kinko’s share a similar heritage, culture and commitment to superior service, and together we will give our customers even greater access to the global marketplace,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “This combination will allow us to increase access to FedEx shipping services and capitalize on key business trends, including cost-effective corporate outsourcing, digital document management and connectivity for the mobile professional. At the same time, this acquisition is consistent with our long-term financial goals and will help FedEx continue to deliver shareholder value.”
Read MoreFedex Chairman, at today’s hearing before the House Government Reform Committee Task Force on the Postal Service, said that FedEx supports modernization and transformation of the United States Postal Service. He said the current regulatory framework must be reshaped to protect and promote a universal postal service suited to the needs of citizens in the Information Age.
Read MoreUPS Chairman, in written testimony to the House Government Reform Committee Task Force on the Postal Service said that he wanted “to call attention to the request that Congress enact postal reform to ensure that the Postal Service ‘operates appropriately in the competitive marketplace.’ This criteria is critically important to UPS, and it is essential to ensure fair competition in competitive markets, which include Package Services, Priority Mail, Express Mail, and International Mail. The timely and efficient distribution of core mail services, such as First-Class Mail, Periodicals, and Standard Mail, plays a vital role in this country and it is important that reform enable the Postal Service to be successful in this critical mission.”
Read MoreDHL CEO in written testimony to the House Government Reform Committee Task Force on the Postal Service said that “the Commission recommended that the Postal Service focus on its core strengths, particularly the first and last mile of its mail delivery stream, but, in other areas where Postal Service functions can be better and more efficiently performed by private sector companies, the Postal Service should outsource to the private sector.
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