Tag: express freight

time:matters expands US domestic Sameday Air network

Growth in North America continues: time:matters Americas, Inc. has added eleven new airports to its US domestic Sameday Air network, thereby increasing the number of available stations to 100. These complement its existing portfolio and offer customers even more options and flexibility. At the same...

DHL Supply Chain appoints Hendrik Venter as CEO for Europe, ME and Africa

Hendrik Venter will take over as the new CEO DHL Supply Chain for Mainland Europe, Middle East and Africa on 1 October, 2019. Venter will succeed Oscar de Bok, who will take over the Board Department DHL Supply Chain as member of the Board of Management at Deutsche Post DHL Group in October. ...

FedEx reports profit fall in first quarter of fiscal year

FedEx has reported for the first quarter ending 31 August a profit of $745 million, compared with $835 million a year earlier, as a weakening global macro environment negatively impacted business. Revenue declined very slightly to $17.05 billion in the first quarter. FedEx said operating resu...

UPS invests in autonomous trucking company, tests self-driving tractor trailers

UPS' venture capital arm UPS Ventures has made a minority investment in autonomous driving company TuSimple. Together, both companies are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. This i...

Newman to replace the retiring Peretz as UPS CFO

UPS has appointed Brian Newman as chief financial officer (CFO) in place of the retiring Richard Peretz who leaves the role next month. Newman is currently executive vice president of finance and operations Latin America for PepsiCo, and will take over on 16 September 2019. He will join the U...

FedEx Express to invest an additional $450m in Memphis hub

FedEx is to make an additional $450 million investment in its FedEx Express World Hub in Memphis, Tennessee to meet future growth. The move will accelerate the modernisation and expansion project which was announced in March 2018 and now totals more than $1.5 billion. The FedEx World Hub, whi...

UPS reports strong second quarter results

UPS has reported that in the second quarter net income and revenue both rose strongly compared to the same quarter last year. Net income came in at $1.68 billion, up 13.5 per cent year-on-year (YOY) on the $1.48 billion in 2018, while revenue reached $18.04 billion, up 3.4 per cent YOY on the $1...

FedEx Express appoints SAB Express as provider in Saudi Arabia

FedEx Express has appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories. “SAB has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by Fe...

UPS survey finds e-commerce use high among B2B buyers in Asia Pacific

A study by UPS in Asia Pacific has found B2B buyers in the region are doing much of their purchasing online and at the same time relying heavily on offline relationships and seeking out solid after-sales service. Th 2019 UPS Industrial Buying Dynamics Asia Pacific Study surveyed more than 3,400...

UPS expands express freight services in Russia

UPS has expanded its UPS World Express freight and UPS Worldwide Express Freight Midday services in Russia. Customers located in nearly 2,300 postal codes in the Moscow, St. Petersburg, and Nizhniy Novogorod metropolitan areas will now benefit from enhanced access to UPS’s smart global logisti...

UPS makes investments in Asia Pacific, bolsters Shenzhen hub

In the first half of 2019 said it has made a raft of investments in Asia Pacific as part of its strategy to bolster economic development in the region - which is projected to account for 63 per cent of global GDP growth in 2019. These include upgrades to Shenzhen Asia Pacific Air Hub to increase...

FedEx introduces a new B767F into Europe on Dublin-London-Paris route

FedEx Express (FedEx) has introduced a new Boeing 767F freighter into its European fleet which it said gives Dublin businesses greater opportunity to trade globally due to the increase in capacity on the route it will operate. As part of its ongoing fleet modernisation strategy, the new freighte...

SF Airlines launches new route from Urumq to Almaty in Kazakhstan

Ever-expanding Chinese express freight operator SF Airlines has launched a new freighter route from Urumqi in China’s western Xinjiang province to Almaty. The move supports China’s ‘Belt and Road’ initiative according to news agency Xinhau and the operator’s first direct freighter serv...

Oscar de Bok appointed to the board of Deutsche Post DHL Group

The supervisory board of Deutsche Post has appointed Oscar de Bok - succeeding John Gilbert - as member of the board of management effect from 1 October, 2019. He was most recently chief executive officer (CEO) of DHL Supply Chain mainland Europe, Middle East and Africa. Gilbert has decided to l...

FedEx reports fourth quarter net loss of $1.97bn

FedEx has reported a net loss of US$1.97 billion for the fourth quarter (Q4) ending 31 May as the US-China trade dispute and weak trade demand impacted results. In the same quarter in 2018, the express freight firm achieved a net profit of $1.13 billion. Q4 operating income was down to $1.32 ...

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