Tag: Worldwide

US FedEx dares to keep the status quo

Posted by | Oct 20, 2005 | |

Go behind the scenes at some of Manhattan’s top restaurants and the revolutionary impact of FedEx can be found staring straight back at you – in the clear, glistening eyes of truly fresh fish.

Thanks to the company’s global delivery network, gourmet chefs are increasingly bypassing the traditional fish market and sourcing their best fish directly from individual fishermen thousands of miles away.

Turning business models upside down in this way is something the express parcel carrier does quietly all the time. When Apple sold one million new iPod nano music players in 17 days last month, the customised models bought online barely saw the inside of a warehouse but were fed directly from factories in China into the FedEx delivery system.

The efficiencies made possible by such low-inventory supply chains even play a key role in the flexibility and resilience of the US economy – most recently lauded by Alan Greenspan, chairman of the Federal Reserve.

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UPS earnings jump 23% on 18% revenue growth

Posted by | Oct 20, 2005 | |

Led by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS today reported a 17.9% increase in revenue and an adjusted 22.9% increase in diluted earnings per share. For the three months ended Sept. 30, 2005, earnings per diluted share were USD 0.86 compared to the USD 0.78 reported in the prior year. Adjusting for a tax credit that positively impacted earnings in 2004’s third quarter, diluted earnings per share rose 22.9%, up from USD 0.70 a year ago. “This has been a great quarter of growth for UPS,” said Mike Eskew, UPS chairman and CEO. “We have tremendous momentum right now in the US and around the world and we see it continuing.”

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US FedEx chief warns on EU over-regulation

Posted by | Oct 20, 2005 | |

Rigid labour markets and excessive red tape are deterring US investment in Europe and pose a “huge danger” to the continent’s economy, Fred Smith, chief executive of FedEx, has warned.

Restrictive regulations and heavy social obligations on employers made US companies, including FedEx, cautious about expanding across the Atlantic. “Most US CEOs are particularly worried about the continued proliferation of regulations that come out of the EU,” Mr Smith said.

While it is uncommon for such views to be voiced publicly, they are shared by many US chief executives who are increasingly in favour of higher-growth opportunities in Asia and the US.

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UK Royal Mail not ready for full sale, but 20percent to go to staff

Posted by | Oct 19, 2005 | |

Royal Mail is not in a state fit for a full-scale privatisation, its chairman told MPs yesterday as he confirmed plans for employees to be given a 20 per cent stake in the business.

Allan Leighton said that the postal group’s Pounds 4 billion pension deficit and its need for a Pounds 2 billion investment made it unsuitable for a sale.

In a submission to the Trade and Industry Select Committee, Royal Mail said that its pensions deficit made it technically insolvent. However, Mr Leighton said that new plans for Royal Mail’s structure would make it a model that other large public organisations would follow.

His comments come as Sir George Bain is close to completing a report into Royal Mail that is expected to pave the way for a stake in the business to be given to Royal Mail’s 180,000 employees. He said: “This is a commercial entity. Everyone thinks it is a public service, but it is not.”

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Deutsche Post says regulator has approved its 2006 price changes

Posted by | Oct 19, 2005 | |

Deutsche Post AG said the Federal Networks Agency has approved new mail delivery prices with effect from Jan 1, 2006.

Smaller-sized domestic letter prices will drop to 0.90 euros from 0.95 euros, while large-sized domestic letter prices will increase to 1.45 euros from 1.44 euros.

Standard sized letters sent to European destinations will rise to 0.70 euros compared to 0.55 euros. Letters sent to other international destinations will cost 1.70 euros versus 1.55 euros.

In all, Deutsche Post has 45 price categories depending on the letter size and destination.

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