Monthly Archives: November 2017

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USPS reports fiscal year 2017 results

Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. 5 Expense for the annual payment due September 30, 2017, calculated by OPM, to amortize the unfunded CSRS retirement obligation as of September 30, 2016, the date of the most recent available information. 7 Represents the annual portion of the normal cost payment due September 30, 2017, attributable to revised actuarial assumptions a

By | 2017-11-13T23:53:00+00:00 November 13th, 2017|companies|0 Comments

DHL announces additional €335 million expansion of its strategic Central Asia Hub in Hong Kong to bolster regional trade

This expansion brings DHL's commitment to this strategic hub to over €520 million, making it the largest infrastructural investment by DHL Express in Asia Pacific to date. Marks DHL’s total commitment in this strategic hub at over €520 millionWith an expected 50% increase in annual throughput, the expanded Central Asia Hub will further boost the company’s global multi-hub strategyDHL Express, the world’s leading international express services provider, today announced a €335 million expansion plan for its Central Asia Hub (CAH), in partnership with the Airport Authority Hong Kong. This expansion brings DHL’s commitment to this strategic hub to over €520 million, m

By | 2017-11-13T23:53:00+00:00 November 13th, 2017|companies|0 Comments

DHL Freight invests in new freight hub in Hanover

In the future, around 260 employees will take care of day-to-day scheduling and consolidation for the company’s European freight network from the new site. State-of-the-art transshipment facility to be built at the Hanover Airport Business Park in Langenhagen63,000 square meter site conforms to current environmental standardsDHL Freight, one of the leading providers of road freight services in Europe is making an eight-figure investment in the construction of a state-of-the-art freight hub at the Hanover Airport Business Park in Langenhagen. In the future, around 260 employees will take care of day-to-day scheduling and consolidation for the compan

By | 2017-11-12T23:53:00+00:00 November 12th, 2017|companies|0 Comments

Ford appoints DHL to manage the global inbound supply of prototype parts

Under the contract, DHL Supply Chain will manage the movement of prototype parts from suppliers to Ford’s R&D locations around the world. Ford Motor Company has awarded a new contract to DHL, to provide freight management services under its Lead Logistics Partner solution. Under the contract, DHL Supply Chain will manage the movement of prototype parts from suppliers to Ford’s R&D locations around the world.This new contract builds on a long-standing relationship between Ford and DHL, where the LLP model has been implemented for the inbound supply to manufacturing of its production cars across Europe and Asia. DHL has been appoint

By | 2017-11-12T23:53:00+00:00 November 12th, 2017|companies|0 Comments

UPS Delivers Holiday Wishes

US 11/13/17Atlanta, GAAnnual #WishesDelivered campaign makes wishes come true and benefits charitiesThe sky’s the limit for a pre-teen pilot taking flight after UPS (NYSE: UPS) granted the aspiring aviator wings for a day during the launch of its annual Wishes Delivered campaign. With “Live’s Holiday Wish List,” viewers can submit their wishes for other people for the chance to have them fulfilled this holiday season. “Wishes Delivered is another way for UPS to make a difference in the communiti

By | 2017-11-12T23:53:00+00:00 November 12th, 2017|companies|0 Comments

FedEx to Deliver 200,000th Tree Supporting Trees For Troops

FedEx to Deliver 200,000th Tree to Military As Part of Trees for Troops InitiativeFedEx Corp. (NYSE: FDX) and the Christmas SPIRIT Foundation are again spreading holiday cheer to service members and their families with the Trees for Troops program, an initiative that delivers farm-grown Christmas trees to domestic and international U.S. military bases. Delivering Trees at Home and AbroadThis year, Trees for Troops kicks off Nov. 14 in Thorntown, Ind., as FedEx volunteers prepare nearly 250 real

By | 2017-11-09T23:53:00+00:00 November 9th, 2017|companies|0 Comments

UPS Commends Senate On Release Of Tax Reform Bill That Will Stimulate Economic Growth

US 11/10/17Washington, DCUrges House and Senate to work togetherUPS® (NYSE: UPS), a global logistics provider and leading advocate for tax reform, lauded Senate leaders on the release of the Tax Cuts and Jobs Act, a critical step in finding compromise on a tax structure that has not been updated in more than 30 years. About UPSUPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and dep

By | 2017-11-09T23:53:00+00:00 November 9th, 2017|companies|0 Comments

FedEx Freight Celebrates Opening of New Facility in Lexington

FedEx Freight Celebrates Opening of New Facility in LexingtonFedEx Freight celebrated the opening of its new service center in Lexington, Kentucky, on Friday. The center opened for operations in October with approximately 90 employees and replaced a facility located northwest of the current center. Lexington-based Setzer Properties is the developer of the new service center. The 86-door, 50,000-square foot center is strategically situated near New Circle Road (Kentucky Route 4) and showcases a f

By | 2017-11-09T23:53:00+00:00 November 9th, 2017|companies|0 Comments