Matsushita Electric Industrial Co. said it has created, with United Parcel Service Inc., a distribution system for U.S.-bound electronic components. The new system will enable Matsushita to deliver its parts to its more than 250 U.S. corporate clients within three days after an order is placed, compared with the current five to six days, a Matsushita spokesman said.
Read MoreThe judge overseeing a year-long legal battle between a once German-owned US cargo airline and the delivery giants FedEx and United Parcel Service has removed himself from the case after being accused of xenophobia.
Miami-based Astar Air Cargo, previously called DHL Airways, had charged in a motion that Administrative Law Judge Ronnie Yoder should step down because he had wildly exceeded his mandate and openly favoured FedEx and UPS in discovery and other matters.
In the document, Astar sought to disqualify the judge, accusing him of “deep-seated personal bias” and “xenophobia”.
Read MoreEGL, Inc. announced that it earned $6.5 million of net income for the three months ended June 30, 2003, compared to $938,000 in the second quarter of 2002. Diluted earnings per share for the quarter were $0.14 compared to diluted earnings per share of $0.02 in Q2-2002 and $0.06 in Q1-2003.
Read MoreAt its annual meeting this week in Seattle, Airborne Inc. will count shareholder ballots cast in the proposed merger between Airborne and Deutsche Post owned DHL. If approved, the merger will cause the spinoff of Airborne’s air arm, ABX Air, into a publicly traded company.
Read MoreA government case testing U.S. airline ownership limits that was prompted by complaints from UPS and FedEx has become so bitter and entangled that a judge is taking the matter behind closed doors, officials said on Monday.
Transportation Department Administrative Law Judge Ronnie Yoder has ordered that the Aug. 19 hearing on the ownership structure of Astar Air Cargo, formerly DHL Airways, be conducted in secret. A preconference hearing to set out a schedule for evidence and testimony for the upcoming proceeding will be held on Wednesday and will be open to the public, according to Yoder’s order issued late on Friday.
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