Tag: USA

Airborne in talks with Deutsche Post

Posted by | Mar 24, 2003 | |

Airborne on Monday confirmed it was in talks with Deutsche Post on a deal that could be worth USD 1bn and see the German postal operator buy the the US’s third largest express delivery company’s ground operations for an undisclosed cash sum at a premium to the group’s current share price.

Airborne said that such a deal with DHL Worldwide Express, a subsidiary of Deutsche Post, would involve setting up an independent public company that would continue to be wholly owned by Airborne’s shareholders.

Read More

Service enhancements set for Global Express Mail delivery in Europe

Posted by | Mar 24, 2003 | |

Global Express Mail (GEM) customers can look for better service and more detailed and accurate tracking in eight additional European countries.

These improvements come as a result of expanded delivery of GEM — from six to 14 countries — by Royal Mail Group’s Pan-European parcel delivery company, General Logistics Systems (GLS).

According to James P. Wade, vice president, International Business, the Postal Service entered the agreement with Royal Mail to create a new model for package delivery in Europe — using a single delivery agent to improve delivery service and tracking while maintaining current rates.

Read More

Jury judgment sees FedEx pay $1.6m in US

Posted by | Mar 19, 2003 | |

A landmark $1.6 million jury judgment has been made against Federal Express Corporation for denying a cargo claim in bad faith. The jury awarded Power Standards Lab, a tiny manufacturer of electronic equipment in Emeryville, California, compensatory and punitive damages against FedEx.

Read More

FedEx Corp. Net Income Increases 23% in Third Quarter

Posted by | Mar 19, 2003 | |

FedEx Corp. reported the following consolidated results for the third quarter:
Revenue of $5.55 billion, up 10% from $5.02 billion the previous year, operating income of $269 million, up 14% from $237 million a year ago and net income of $147 million, up 23% from last year’s $120 million.
For the third quarter, FedEx Express reported revenue of $4.06 billion, up 8% from last year’s $3.78 billion and operating income of $133 million, down 8% from $145 million a year ago.

Read More

Dasburg, former Northwest CEO, to run US DHL Airways

Posted by | Mar 18, 2003 | |

John Dasburg, the former chief executive of Northwest Airlines Corp is taking to the skies again. DHL Airways, a closely held company that runs 40 aircraft from its Cincinnati/Northern Kentucky hub, on Tuesday named Dasburg chairman and chief executive, effective April 1. Dasburg, 60, will replace Joseph O’Gorman, who died in August. Roy Moulton has served as acting chairman at DHL, which provides all-cargo scheduled and charter services on a contract basis for DHL Worldwide Express.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

How ready do you feel for the de minimis changes coming in July?

Thank you for voting
You have already voted on this poll!
Please select an option!




View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest