Interview with Uwe R. Doerken, Chairman and CEO, DHL
Hear what Uwe R. Doerken has to say about DHL’s growth prospects, the Deutsche Post acquisition, internal re-structuring and cargo security
Read MoreTag: USA
Postal Service better off than expected after $1.2 billion loss this year
Thanks to an aggressive campaign of cost-cutting, including a major cut in staff, the Postal Service is finishing the fiscal year in better financial condition than anticipated.
Postmaster General John E. Potter said Friday the agency expects to finish the fiscal year this month with a $1.2 billion loss.
The post office had expected to lose $1.35 billion for the year, and at times after the terrorist attacks and anthrax-by-mail contamination, loss estimates threatened to reach several billion dollars.
In addition to the improvement this year, continued cost-cutting and the rate increase that took effect this summer are expected to push the post office into the black in 2003 with a profit of $600 million, he said.
Potter repeated his promise that postal rates won’t go up again until at least 2004.
Exel opens dedicated distribution center for Geneva Pharmaceuticals
Exel, the global provider in supply chain management, has opened a dedicated distribution center for Geneva Pharmaceuticals, one of the country’s largest generic pharmaceutical development and manufacturing companies. The new operation improves customer service by enabling product from Geneva’s pharmaceutical distributor network to be delivered within 48 hours.
Read MoreFedEx unit wins up to 327.6 mln USD contract from US Air Force
Fedex Corp unit Federal Express Charter Programs Teaming Arrangement is being awarded a 327.6 mln usd indefinite delivery and indefinite quantity contract to provide for international airlift services, according to a statement released on the Department of Defense website.
The Air Force can issue delivery orders totaling up to the maximum amount indicated above although actual requirements may necessitate less than that.
Solicitation began in March 2002 and negotiations completed July 2002.
DHL Airways responds to unfounded claims by competitors
DHL Airways, Inc. today filed its response with the Department of Transportation to the unfounded claims made by UPS and Federal Express concerning DHL Airways’s U.S. citizenship status.
“DHL Airways continues to satisfy unequivocally the statutory citizenship requirements applicable to U.S. airlines and we find the allegations made by our much larger competitors to be wholly without merit,” commented Steven Rossum, DHL Airways’s Senior Vice President and General Counsel.
Under federal law, a domestic airline must have at least 75 percent of its voting interest owned or controlled by U.S. citizens and at least two-thirds of such carrier’s board of directors and other managing officers must be U.S. citizens. The DOT has previously confirmed that DHL Airways satisfies each of these and other applicable requirements.
In 2001, DHL Airways completed a significant corporate and management restructuring, the purpose of which was to strengthen the carrier as a competitor and refocus the DHL brand in the U.S. Key elements of that restructuring included an increase in U.S. ownership of DHL Airways, the sale of the carrier’s ground operations to DHL Worldwide Express and the hiring of a new management team with extensive airline experience in the U.S. marketplace.
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