Tag: USA

FedEx, UPS want Deutsche Post, DHL execs held in contempt

The trans-Atlantic dispute among the world’s package delivery giants over the ownership of DHL Airways has grown even nastier. FedEx Corp. and United Parcel Service have asked the administrative law judge overseeing the case to hold the chief executives of Deutsche Post World Net and DHL International in contempt for refusing to comply with the judge’s order to testify about their relationship with DHL Airways, a U.S.-based cargo airline with approximately 34 aircraft. Deutsche Post and DHL, in turn, have asked the judge to quash the subpoenas ordering Klaus Zumwinkel, chief executive of Deutsche Post, and Uwe Doerken, chief executive of DHL International, to testify.

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Why we need serious postal reform (US)

President Bush recently named a nine-member commission to study reform of our Postal Service-the first time a U.S. President has done so since the Johnson Administration. Businesses and consumers relying heavily on the mail-concerned about recent rate increases-are hoping for some dramatic changes, but fear they will get only tinkering. Gene Del Polito, president of the Association for Postal Commerce, recently told Catalog Age he expects the commission “is not going to make revolutionary recommendations.” He said the committee seems likely to take a cautious path “that preserves the Postal Service as a federal institution but trims its sails.”

Bolder and braver changes would make far more sense, however. At some point in the not-too-distant future the Postal Service’s structure will have to change dramatically. It can be altered deliberately now, by design, or chaotically down the road, by default. The President’s commission enjoys a rare opportunity; let’s hope its leaders grab their chance.

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DHL Airways sale won't close today

The sale of DHL Airways to an investor group led by the carrier’s chief executive will not close today as the airline had previously announced. Ray Lutz, vice president for business development and strategic planning at the carrier, said, “We’re doing everything we can to make it happen. A lot of stuff has to be done, and a lot of people are working very diligently.” Lutz declined to forecast when the sale will be completed, saying, “I don’t have a timetable for you.”

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FedEx Corp. Reports Record Revenue and Earnings; Fourth Quarter Net Income Increases 19 Percent

FedEx Corporation today reported earnings of USD 0.92 per diluted share for the quarter ended May 31, compared to USD 0.78 per diluted share reported last year.
FedEx Corp. reported the following consolidated results for the fourth quarter: revenue of USD5.83 billion, up 8% from USD5.42 billion the previous year, operating income of USD492 million, up 18% from USD416 million a year ago, net income of USD280 million, up 19% from last year’s USD236 million. Total average daily package volume at FedEx Express and FedEx Ground grew a combined 5% year over year for the quarter, due to continued strong growth at Ground and in international express shipments.

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UPS Service Guarantee Fact Sheet

UPS’s service guarantee underscores the trust and reliability UPS has built among businesses around the globe for more than 95 years. And today, thanks to advancements in integrated technology into UPS’s operations and customer-facing applications, UPS’s reliability is at its highest ever. This is particularly noteworthy considering UPS delivers more than 13.3 million packages each day.

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