Archive for the ‘Competitors’ Category

UPS Volume Down, Blames UPS Economy

Friday, March 28th, 2008

UPS blames the US Economy - and not its customer service - for a recent downturn in shipping volume. There are now signs that the economy is sliding further, as volumes decrease further and UPS issues another warning that it may miss its earnings goal. Its main competitors - FedEx ...

FedEx Employee Arrested While Stealing from UPS Truck

Saturday, February 23rd, 2008

Now this doesn't happen every day. A guy walking around with a pay stub in his pocket from UPS rival FedEx was recently arrested on a tip from a citizen as he broke into UPS trucks to steal packages with an accomplice. Apparently, one acted as the lookout while the ...

DHL CEO Klaus Zumwinkel Under Investigation for Tax Evasion

Thursday, February 14th, 2008

UPS and FedEx (to a lesser extent - having just dealt with its own tax issues) must really be singing a merry little tune at what looks like the beginning of the end for competitor DHL. German prosecutors are looking into whether or not DHL CEO Klaus Zumwinkel cheated on ...

UPS Earnings Take Nose Dive

Friday, February 1st, 2008

UPS's profits took a nose dive in the 4th quarter of 2007 - to the tune of $6.1 billion dollars - with the company blaming employee benefit package-related expenses and more competition from FedEx, DHL and the USPS.

Reports: FedEx May Buy “All or Part” of DHL’s US Operations

Saturday, January 26th, 2008

Reports continue to surface that seem to indicate that FedEx may indeed be trying to buy all or part of rival DHL. For FedEx, this would be another aid in helping it compete with United Parcel Service.

DHL: We’re Not Going Anywhere… and We’re Not Selling Out to FedEx

Friday, January 25th, 2008

A DHL spokesman says parent company Deutsche Post World Net has no plans to sell its U.S. Express delivery service to its Memphis-based rival FedEx Corp. "There is no question about our exiting the U.S. business, a withdrawal can be completely ruled out," DHL spokesman Jonathan Baker said in a ...

UPS to Increase Freight Rates by 5.4%

Tuesday, January 15th, 2008

United Parcel Service Inc. said Friday its freight unit will increase rates on noncontractual shipments across the U.S and Canada by an average of 5.4 percent, effective Feb. 4. The hike applies to minimum charge, less-than-truckload and truckload rates. Late last year, FedEx announced a 5.5% general rate increase at ...

ABX Enters Air Freight Market to Compete with UPS, Others

Monday, January 14th, 2008

We never realized just how dangerous it can be to deliver a FedEx package until we watched Tom Hanks crash-land in "Cast Away." But flying your own fleet of giant jets all over the world is just part of the delivery business nowadays. And it's a very competitive part for ...

DHL to Offer Shipping Services through Walgreens Stores

Thursday, January 10th, 2008

It is being reported today that DHL will soon begin offering shipping services at Walgreens drug stores nationwide to compete with the UPS Store. The "DHL Shipping Spot" will be staffed by Walgreen employees at photo counters, DHL said. The kiosks are expected to be in place in stores nationwide ...

IRS Says FedEx Owes $319 Million in Back Taxes

Monday, December 24th, 2007

Fedex Corp said on Friday that the Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million for 2002. The IRS is auditing similar issues for 2004 through 2006, ...