Filed in FedEx
Tuesday, March 29, 2011
FedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.
Monday, March 28, 2011
Spurred by customer demands, FedEx subsidiary FedEx Express announced it has opened up a new China-based station in Suzhou in the Jiangsu Province, which is the company’s third station in Suzhou.
Thursday, March 17, 2011
Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.
Thursday, March 10, 2011
Parcel shippers that turn to third-party consultants (3PCs) to help them navigate myriad facets of pricing and rate structures from industry bellwethers FedEx and UPS may eventually find themselves having to fend for themselves when talking dollars and cents with these companies if a Department of Justice (DOJ) investigation finds that FedEx and UPS are colluding to adopt a policy of declining to negotiate with 3PCs acting on behalf of shippers.
Thursday, February 24, 2011
Rob Martinez, president and CEO of Shipware Systems Corp., Jerry Hempstead, president of Hempstead Consulting, and David Ross, transportation and logistics director for Stifel Nicolaus equity research, engage in a free-flowing exchange of views on price trends, service enhancements, and operational strategies being implemented in the parcel express sector.
Wednesday, February 23, 2011
In response to customer demand, FedEx subsidiary FedEx Express said this week it is adding new services focused on earlier delivery of freight shipments.
FedEx said that its FedEx subsidiary has officially completed the acquisition of the logistics, distribution, and express businesses of India-based AFL Pvt. Ltd. and its affiliate Unifreight India Pvt. Ltd. The deal was originally announced by FedEx in November.
Friday, February 18, 2011
Following the introduction of the FAA Reauthorization and Reform Act of 2011, H.R. 658 by the leadership of the House Transportation and Infrastructure Committee last week, the bill was approved by the committee this week by a 34-25 margin.
Posted on 02/18 at 10:06 AM
Air Cargo •
Air Freight •
Tuesday, February 15, 2011
Citing severe winter storms and higher-than-expected fuel prices FedEx said this week that it’s projected fiscal third quarter earnings have been impacted by roughly $0.25 per share.
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Monday, February 14, 2011
Last week, the leadership of the House Transportation and Infrastructure Committee introduced legislation designed to reform Federal Aviation Administration (FAA) programs, set policies and priorities for United States aviation systems, and create jobs through infrastructure improvements.
Posted on 02/14 at 10:01 AM
Air Cargo •
Air Freight •