Maersk Logistics has been selected by IBM Corporation to enter into a three-year contract engaging Maersk Logistics to provide ocean freight forwarding services for the IBM Corporation.
Read MoreConsignia has announced the first stage of its recovery plan involving the restructure of the parcels business, rationalisation of transport operations giving combined cost savings of £460 million. Further management, support service and operational savings are also identified. 15,000 jobs will go, 13,000 through redeployment or redundancy. Consignia will restructure its loss making parcels and express business Parcelforce Worldwide, and make radical changes to its internal logistics and transport networks as the first moves in a three year renewal programme to cut costs by more than £1.2 billion and provide a secure long term foundation for the company and for universal postal services in the UK.
Read MoreGROWING demand for reduced transit times and later pick-ups in Europe has inspired FedEx to reconfigure its next-day Frankfurt to Memphis, USA, services.
FedEx Express, which claims to be the world’s largest express company, has started five weekly direct flights from its Frankfurt hub to its Memphis superhub.
The company has consolidated its current two daily A310 flights from Germany to other European gateways into the direct Frankfurt-Memphis service.
FedEx Corporation (NYSE: FDX) today reported earnings for the quarter ended February 28 of $0.39 per diluted share, up 5% from $0.37 per diluted share in last year’s third quarter.
The consolidated results for FedEx Corporation in the third quarter include:
Revenue of $5.02 billion, up 4% from $4.84 billion the previous year
Operating income of $237 million, up 24% from $191 million a year ago
Net income of $120 million, up 11% from last year’s $108 million
Summary of the current position o terminal dues and the recommended US position to the proposed UPU terminal dues system. Includes likely impact on prices for services to a number of countries.
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