Tag: Worldwide

FedEx bites the bullet as margins tighten

Express companies are a reliable bellwether of economic health. In difficult times, their customers either reduce shipments or switch to slower, less expensive modes. And if further evidence were needed of the slowdown in the US economy and its increasing impact on the rest of the world, then fourthquarter figures from FedEx provide it.

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Expanding reach of La Poste

Spain and India are the latest countries to extend ties with La Poste after Correos y Telegrafos agreed to increase its cooperation with the French, and Paris became the hub of an Indo-European parcel venture. Alberto Nunez Feijoo, general manager of Correos y Telegrafos, and Martin Vial, chairman of the La Poste group, have both pledged to “enhance their cooperation in order to consolidate their joint position in the Spanish express parcels market”, said La Poste in a statement.

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