USPS announce $1.9bn loss
Economic uncertainty continues to take a toll on the financial condition of the USPS, with 6 May’s announcement that it suffered a net loss of $1.9bn during its fiscal second quarter. Economic...
View ArticleRoyal Mail profits almost double
Royal Mail has seen its annual profits almost double, as all four parts of the business went into the black for the first time in 20 years. Royal Mail has seen its annual profits almost double, as all...
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Austrian Post reveal Q1 loss
Austrian Post has seen their total revenue for Q1 of 2009 drop by 2.4% (€14.7m) from the same period last year, to €595.2m Austrian Post has seen their total revenue for Q1 of 2009 drop by 2.4%...
View Article“Good progress” at Business Post
Business Post has made “good progress … despite the challenging trading environment”, after publishing their financial results for the last year. Business Post has made “good progress … despite the...
View ArticleSwiss Post announce Q1 drop
In the first quarter of 2009, Swiss Post generated Group profit of CHF 198m despite the difficult economic climate. In the first quarter of 2009, Swiss Post generated Group profit of CHF 198m despite...
View ArticleUSPS decline worsens due to delivery flaws
According to the unaudited numbers released by the USPS, the agency faces a net loss of $2.67bn year-to-date, reports DM News. According to the unaudited numbers released by the USPS, the agency faces...
View ArticleFedEx taking $1.2bn in charges
FedEx will take some $1.2bn in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses. FedEx will take some $1.2bn in...
View ArticleFedEx post fourth quarter results
FedEx Corp has reported a loss of $2.82 per diluted share for the fourth quarter ended May 31, including $3.46 per diluted share of previously disclosed charges. FedEx Corp has reported a loss of $2.82...
View ArticleCorreos results show decline
Spanish postal operator, Correos, has revealed gross profits of €107.1m for 2008 – 28.4% down on the previous year. Spanish postal operator, Correos, has revealed gross profits of €107.1m for 2008 –...
View ArticleGLS release latest results
General Logistics Systems released its 2008/9 results and despite tough economic conditions in the second half of the year the group continued to grow and invest in its European network. General...
View ArticleFuel surcharges help FedEx, rivals
NEW YORK (AFX) – Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the...
View ArticleUPS Board Sets Dividend
The Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and...
View ArticleExpeditors International Of Washington, Inc. EXPD's 8-K renders few surprises
EXPD released monthly 8-K. Yesterday EXPD released its 8-K in response to investor questions related to its 2Q:06 report on August 1st. There were no real surprises. Mgmt reported that strong air and...
View ArticleFedEx beating UPS in delivering stock growth
At first glance, United Parcel Service Inc. and FedEx Corp. seem alike. The two shipping giants compete for some of the same customers, and their operations are sensitive to trends in the world...
View ArticleTNT expects to earn Euro 1bn abroad
TNT Post expects a turnover of Euro 1bn from its European networks (eight countries outside the Netherlands) this year, according to the Financieele Dagblad. This is double the figure booked in 2005....
View ArticleEmirates Post reports 30% profit increase in 2008
Emirates Post Group announced a 30% increase in net profits for last year. According to preliminary results, in 2008 the group’s net profit rose to Dh247m. The company has said it will increase the...
View ArticleInterview with Allan Leighton
Having safely delivered Asda into the hands of Wal-Mart, he famously quit the top job at the superstore to 'go plural'. His non-exec backlist features lastminute and Leeds United, and his current CV...
View ArticleFedEx Corp. Announces Stock Repurchase Program
FedEx Corp. Announces Stock Repurchase Program From BUSINESS WIRE, September 24th, 2001 MEMPHIS, Tenn., Sep 24, 2001 (BUSINESS WIRE) — FedEx Corporation (NYSE: FDX) today announced that its Board of...
View ArticleLETTER: Royal Mail fiasco is all down to EU ruling
Sir – The destruction of the Royal Mail was referred to three times in the Western Daily Press on Tuesday. Your leading article rightly points to the disastrous affect on post offices when the...
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