Daily Archives: March 16, 2016

FedEx Corp. Reports Strong Adjusted Third Quarter Earnings

FedEx Corp. Reports Strong Adjusted Third Quarter EarningsMEMPHIS, Tenn., March 16, 2016 … FedEx Corp. (NYSE: FDX) today reported adjusted earnings of $2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of $2.03 per diluted share a year ago. These benefits were partially offset by weaker operating results at FedEx Freight and FedEx Ground. Without adjustments, FedEx reported earnings of $1.84 for the third quarter compared to $2.18 per diluted share last year. This year’s quarterly consolidated earnings have been adjusted for expenses related to certain legal matters ($0.61 per diluted share) and the pending acquisition of TNT Express ($0.06 per diluted share). The outlook assumes moderate economic growth and excludes certain legal matters as well as any TNT-related costs or operating results.

By | 2016-09-02T06:22:01+00:00 March 16th, 2016|fedex, News, shippers, Shipping|0 Comments

USPS resumes mail service to Cuba

The types of mail customers in the U.S. can send to Cuba include First-Class Mail International items, such as postcards and letter size envelopes, First-Class Package International Service items, Priority Mail International Flat Rate Envelopes and Priority Mail International Small Flat Rate Priced Boxes. Postal Service is pleased to participate in the historic direct transportation of mail service with Cuba," said Postmaster General and CEO Megan J. Brennan. WASHINGTON — Today the United States Postal Service announced it resumed direct transportation of mail service with Cuba for the first time in more than 50 years. For more information about the Postal Service, visit usps.comand usps.com/postalfacts. A comprehensive list of mailing conditions to Cuba can be found in the International Mail Manual at: http://pe.usps.gov/text/imm/ce_017.htm#ep1416554.

By | 2016-09-07T00:03:26+00:00 March 16th, 2016|News, shippers, Shipping, usps|0 Comments