Tag: Worldwide

FedEx Freight, FedEx National LTL announce general rate increase

Posted by | Dec 28, 2007 | |

FedEx Freight, a U.S. provider of regional next-day and second-day less-than-truckload (LTL) service, and a subsidiary of FedEx Corp., will implement a 5.48 percent general rate increase (GRI) effective January 14, 2008. Additionally, FedEx National LTL, the long-haul LTL company, will implement a commensurate increase for its general rates.

Rates for other operating companies within FedEx Corp., specifically FedEx Express and FedEx Ground, are not affected.

In 2007, FedEx Freight improved service standards in key markets throughout the U.S., and reduced transit times in more than 1,000 transportation network lanes. Additionally, FedEx National LTL re-engineered its network to provide long-haul shippers with higher levels of reliability and certainty. FedEx National LTL was created in September 2006 when FedEx acquired the business assets of the former Watkins Motor Lines.

Carey also noted that FedEx Freight and FedEx National LTL have taken a leadership role in the purchase of safe and more environmentally sensitive equipment. “It’s our goal to take necessary steps to benefit our employees, customers and the communities in which we live and work.”

The GRI increase will apply to interstate and intrastate traffic, and certain shipments between the United States and Mexico and Canada. Various additional adjustments will include minimum and accessorial charges, as well as adjustments in fuel surcharges and select lanes and service areas.

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FedEx Corp. Reports second quarter earnings

Posted by | Dec 20, 2007 | |

FedEx Corp. reported earnings of USD 1.54 per diluted share for the second quarter ended November 30, compared to USD 1.64 per diluted share a year ago.

Second Quarter Results

FedEx Corp. reported the following consolidated results for the second quarter:
• Revenue of USD 9.45 billion, up 6pct from USD 8.93 billion the previous year
• Operating income of USD 783 million, down 7pct from USD 839 million a year ago
• Operating margin of 8.3pct , down from 9.4pct the previous year
• Net income of USD 479 million, down 6pct from last year’s USD 511 million
Operating margin declined primarily due to the net impact of substantially higher fuel costs and continued weakness in the U.S. economy, which is limiting demand for the company’s U.S. domestic express package and lessthan-truckload (LTL) freight services. Last year’s second quarter results included USD 0.25 per diluted share net impact of costs associated with the pilot labor contract, mostly offset by the benefits from the timing of net fuel impacts and Hurricane Katrina insurance proceeds.
Total combined average daily package volume in the FedEx Express and FedEx Ground segments grew 8pct year over year for the quarter, due to growth in ground and FedEx International Priority (IP) shipments and an increase in international domestic express shipments resulting primarily from recent international acquisitions.

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Pitney Bowes Acquires Two Software Companies In Location Intelligence Market

Posted by | Dec 17, 2007 | |

Pitney Bowes Inc. announced today that it has recently made two acquisitions of international software companies to expand the company’s capabilities and geographic presence in the field of location intelligence.

The first acquisition is Encom Holdings Pty Ltd, located in Sydney, Australia. Encom was founded in 1984 and has been a leading reseller of Pitney Bowes MapInfo location intelligence technology for many years, with a particular focus on the mining and drilling industries. Encom serves more than 1,000 clients worldwide.

The second acquisition is of the software distribution unit of Acxiom France, located in Asnies-sur-Seine, France. Acxiom has been the exclusive distributor of PB MapInfo technology in France since 1989. In addition to offering several of PB MapInfo’s software products to the French market, Acxiom provides its own geomarketing and data analytics products, as well as other geographic data and professional services. Acxiom’s key customers are large organizations in both the private and government sectors in France.

“These acquisitions are consistent with our strategies to broaden our software capabilities and to grow our international revenues,” said Pitney Bowes President and CEO Murray Martin. “We see literally a world of opportunity in the location intelligence market, and we intend to pursue it aggressively. Businesses and government agencies worldwide are just beginning to understand the importance of location-assisted decision-making to their everyday operations.”

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Post Office Networks Abroad

Posted by | Dec 14, 2007 | |

This information was collected as part of the background for Postcomm’s work on the future role of the UK’s network of Post Office branches. It provides a brief overview of the common issues faced by post office networks abroad and how governments and postal operators have tackled them.
Covers: Austria / Australia / Belgium / Canada / Denmark / Finland / France / Germany / Republic of Ireland / Italy / Japan / Netherlands / Norway / New Zealand / Portugal / Spain / Sweden / Switzerland / UK / USA
P:LibraryPostalPostComm Formal DocumentsPost Office networks abroad Dec03.pdf

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