P & O makes logistics acquisition in the USA
LONDON (AFX) – P&O has agreed to buy certain refrigerated logistics assets from ProLogis for $70m.
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USPS Postmaster Potter says next rate hike will be "well into" 2004
With the United States Postal Service predicting a $600M profit for FY2003 and Postmaster General John Potter saying that the next postal increase will not be implemented until “well into”
With the United States Postal Service predicting a $600M profit for FY2003 and Postmaster General John Potter saying that the next postal increase
Read MoreFedEx Sees A Dot-Com Payoff
Investment and dot-com are almost mutually exclusive terms, but FedEx Corp. is spending money on FedEx.com and says the funds are yielding notable cost savings. FedEx.com, which gets about 4.5 million unique visitors a month, is saving the company $25 million each month, CIO Robert Carter said at a FedEx investors meeting Tuesday in New York. The site gets an average of 2.3 million package-tracking requests a day, which adds up to savings for the company because no FedEx employees need be involved.
Read MoreFedEx to spend $1.8B to expand unit's capacity
The FedEx Corporation will spend $1.8 billion to expand its small package carrier, FedEx Ground, by adding 10 hubs and enlarging 23 others, the company said yesterday. The project will increase the company’s capacity by the end of fiscal year 2009, to 4.8 million packages a day from 2.5 million.
Read MoreFedEx Unveils plan to nearly double ground volume capacity
FedEx Corporation, announced today a $1.8 billion, six-year expansion plan for its operating company, FedEx Ground, which will nearly double its daily package volume capacity from 2.5 million to 4.8 million by the end of fiscal year 2009.
The multi-phase plan includes the addition of 10 new and 23 expanded central distribution hubs, as well as the expansion or relocation of more than 300 existing facilities.
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