The U.S. Postal Service said Tuesday that it will eliminate 10,000 more jobs this fiscal year, on top of the 15,000 positions it has cut in the last six months. Facing a projected deficit of more than $3 billion in the 2002 fiscal year, which will end Sept. 30, the Postal Service developed a reorganization plan and asked Congress to let it raise rates faster and give discounts to large mailers.
Read MoreThe woes that have beset the airline industry following the tragic events on 11 September have not spared the French air freight market.
National carrier Air France experienced further severe disruption on its US services.
On new year ‘s eve, its Paris/Washington flight was forced to make an emergency landing after the discovery of a suspicious substance onboard.
However, the airline has rebounded following the signing of the long sought after US Open Skies agreement.
Read MoreThe US customs authorities are planning to reduce the number of tore ign seaports from which loaded containers can be shipped to the LS to only ten hubs worldwide. The measures are designed to prevent terrorists from smuggling arms or weapons of mass destruction into the country by sea.
Read MoreGerman appliance manufacturer Miele has entered into a product distribution agreement with Exel Direct, the big-ticket product fulfillment business unit of global supply chain provider Exel.
Read MoreThere is no issue more critical to the future of commerce than managing global supply chains, which is why the future of UPS is bright, the company’s chairman and CEO said today. And that, Eskew added, is why UPS has been migrating “to a complete supply chain solutions company … a company that makes it as easy for a customer to ship a package or manage a supply chain from Iowa to India as it is from Iowa to Indiana.” The company said it expects improving revenue trends and earnings increases in the low-teens. Among the factors contributing to the estimate are an expected 50-to-60 percent improvement in the profitability of UPS’s international package delivery business and a gain in profitability of approximately $100 million in its non-package segment this year.
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