FedEx Express delivered a shipment of COVID-19 vaccines on 15 August to the Government of the Republic of Korea on behalf of the U.S. Government. The FedEx team loaded and transported the time- and temperature-sensitive vaccine shipment from Memphis, Tenn. U.S. to Incheon International Airport and then on to their final destination in South Korea. FedEx …
by Editor The Supervisory Board of PostNL intends to reappoint Pim Berendsen for a new term of four years as Chief Financial Officer and member of the Board of Management at the annual general meeting of shareholders (AGM) in 2022.Jan Nooitgedagt, Chair of the Supervisory Board, said: “We’re very pleased that Pim is available for a new term at …
by Editor Austrian Post has reported improved first half year revenue. Ongoing high parcel volumes in H1, continuing letter mail decline Parcel volumes in Austria +20 %, Turkey +24 %, CEE +21 % Letter mail volumes –3 %, direct mail items +2 % H1 2021 revenue increase of +28.4 % to EUR 1,260.4m (+12.0 % excl. Aras Kargo) Mail +3.0 % to EUR 608.2m Parcel & Logistics +70.7 % to …
by Editor The U.S. Postal Service has announced its financial results for the 2021 third quarter ended June 30, reporting a net loss of approximately $3.0 billion, compared to a net loss of approximately $2.2 billion for the same quarter last year. Excluding the combined effects of non-cash workers’ compensation adjustments due to fluctuations in discount rates and …
by Editor The United States Postal Service has filed notice with the Postal Regulatory Commission (PRC) regarding a temporary price adjustment for key package products for the 2021 peak holiday season. This temporary rate adjustment is similar to one in 2020 that anticipated heightened peak-season package and shipping demand, which typically results in extra handling costs. The planned peak-season pricing, …
by Editor Both Airbus and Boeing assemble jets in China, largely political moves to help them capture a share of the huge domestic marketBut with China’s C919 passenger jet set for certification later this year, they will have to get used to sharing the narrow-body plane market Amanda Lee in Beijing+ FOLLOW Published: 8:00pm, 8 Aug, 2021Why you …
by Editor WASHINGTON, DC — The below remarks are as prepared for delivery by Postmaster General and CEO Louis DeJoy during the open session meeting of the Postal Service Board of Governors on Aug. 6, 2021. “Good morning. Thank you, Chairman Bloom. Let me add my welcome to all here on-line. I join Governor Bloom in recognizing our …
by Editor Jeremy LottFri, August 6, 2021, 11:00 AM·5 min read As Congress deliberates on a bill to put the United States Postal Service on a better financial footing, competitor UPS is lobbying furiously to make things more difficult for its old nemesis. The Postal Service has lost money every year since 2009, but a recent bright …
by Editor Two of the newly confirmed members of the U.S. Postal Service’s Board of Governors spoke out Friday against Postmaster General Louis DeJoy’s plan to slow delivery of first-class mail. But the board took no steps to stop or even modify the 10-year plan despite the concerns expressed by the board members and regulators. Ronald Stroman, …
by Editor By Paul PageAug. 6, 2021 2:13 pm ET PRINT TEXT Listen to articleLength5 minutes A.P. Moller-Maersk A/S reported robust earnings helped by a frenetic global shipping market, announced it bought two e-commerce logistics companies together valued at nearly $1 billion, and mapped out more, potentially larger acquisitions. Maersk, the world’s largest container shipping line by capacity, said …
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