UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year ’08 profit
Courier & Mail
Paramount Air to launch d2d cargo service
Paramount Air to launch d2d cargo service Chennai-based Paramount Airways is planning to launch a door-to-door cargo service under its own brand. "We are going to launch an all emcompassing cargo division. It will be for door-to-door cargo service and will be introduced under the brand name 'Paramount'," Chairman of the airline M Thiagarajan told PTI. The airline currently transports about 100 tonnes per day of cargo and capacity will be expanded to about 300 tonnes a day by the end of the next … [Read more...] about Paramount Air to launch d2d cargo service
UPS reports full-year '08 profit
UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year '08 profit
US small-business optimism revealed in UPS survey
Despite the steady stream of grim economic news, a large majority of US small-business owners are optimistic about their company's financial future, according to two nationwide surveys sponsored by UPS. In the first UPS Business Monitor United States, conducted between September and October last year, 91 per cent of small-business owners or managers said they expect their company to be in the same or better financial shape in a year than it is today. A follow-up survey, conducted in mid-December … [Read more...] about US small-business optimism revealed in UPS survey
Dubai World subsidiary forms mail JV
Middle Eastb sedholding company DubaiWorld has announced arecently-formed subsidiary of its Economic Zones World(EZW) business relatingto the mail activities of EZPost FZE. In a statement issued late last week, the group stated that EZ Post FZE had signed a joint venture agreement with Postaplus, said to be the first licensed private postal operator in the Middle East, to form EZ Post FZCO “in a step aimed at consolidating its various mail room operations”. It said EZ Post FZE and … [Read more...] about Dubai World subsidiary forms mail JV
HK Post new fast courier to Asia/ Europe
Hongkong Post has introduced a new Speedpost service - Next Flight Out (NFO) - which it says offers same-day, earliest, delivery to major Asian and European cities. The postal agency said the new service had been jointly developed with Hong Kong based carrier Cathay Pacific Cargo and RPX Limited to off er customers "a personified speedy courier solution for delivery of their highly timesensitive items". "Through this business collaboration with Cathay Pacific Cargo and RPX, the Speedpost … [Read more...] about HK Post new fast courier to Asia/ Europe