Express – Page 6
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News
UPS attempts to offload more than 100 pilots due to weaker demand levels
UPS is offering severance packages to hundreds of pilots as the express giant reacts to lower demand levels.The company said that the move comes as it regularly assesses operations and makes adjustments accordingly."As part of our effort to efficiently manage our airline, we are offering a voluntary separation benefit to ...
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NewsUPS reaches agreement with unions to avert strike action
Copyright: UPSUPS and the Teamsters union have come to a tentative agreement over new pay and working conditions.The express giant had been facing potential strike action by around 340,000 union members when the current agreement expires on July 31.However, the two groups yesterday announced the "historic" agreement, which includes more ...
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Blow to FedEx as pilots vote down latest pay offer
FedEx pilots have voted against the latest contract offer from bosses at the express giant.The pilots yesterday rejected a tentative agreement with the company by a vote of 57% to 43%.The agreement includes a 30% pay increase and a 30% increase to the pilots’ legacy pension.In June, the deal was ...
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UPS talks with unions set to resume as strike action looms
Talks between UPS and union representatives are set to resume next week with potential strike action less than two weeks away.The express giant urged quick action to finalise a deal with the Teamsters union saying that members would not work beyond July 31 when the current deal is due to ...
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NewsDHL Express and Linklaters team up on SAF
Source: DHL ExpressDHL Express and law firm Linklaters are partnering on the use of sustainable aviation fuel (SAF) to reduce emissions generated by air shipments in Asia and UAE.The law firm adopted firmwide carbon reduction targets to meet by April 2030 - approved by the Science-Based Targets Initiative (SBTi) - ...
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UPS faces strike action in the US as talks collapse
UPS is facing the threat of strike action by its US workers after marathon talks with union representatives collapsed.The express giant and the Teamsters union yesterday accused each other of walking away from talks over a new contract for 340,000 full- and part-time workers.Workers represented by the union have already ...
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NewsDHL Express to expand in Estonia with new airport complex
Picture: Tallinna LennujaamDHL Express Estonia is developing a new logistics facility at Tallinn Airport as its current building cannot handle growth expectations.The express firm has signed a 15-year cooperation agreement with airport operator Tallinna Lennujaam to develop a new 7,260 sq m complex with a fully automated sorting system in ...
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FedEx to ground more planes as profits come under pressure
Express giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter of the year due to "demand weakness and cost inflation".In a results call, FedEx Corporation president and chief executive Raj Subramaniam said that the company had retired 18 aircraft, including 12 ...
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NewsDHL Express plans new airside Helsinki facility
Copyright: AVIA Real EstateDHL Express Finland will open a new €100m facility at Helsinki Airport in response to growing demand.The facility is due to be completed in the second half of 2025 and will allow DHL aircraft parked on the apron to be reached directly from the building.It will measure ...
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FedEx union leaders approve pilot deal
The FedEx Master Executive Council (MEC), the governing body of the FedEx unit of the Air Line Pilots Association, Int’l (ALPA), have approved a tentative pilot contract reached with the express airline last month.The tentative contract agreement, which was reached on May 30, will now go to a membership ratification ...
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DHL Express adds GoGreen Plus in Hong Kong
DHL Express has announced the launch of a new service that will allow customers in Hong Kong to reduce associated with shipments through the use of Sustainable Aviation Fuel (SAF).GoGreen Plus service is available through the MyDHL+ online portal and is made possible through the express firm's SAF partnership with ...
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NewsEtihad Cargo and SF Airlines link up networks
Source: Etihad CargoEtihad Cargo and China-based express carrier SF Airlines have signed a Memorandum of Understanding (MoU) to link their respective networks.The MoU will see the two carriers operate flights via their two hubs starting in April. Etihad said the tie-up would enable it expand its reach into China with ...
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FedEx to consolidate operating companies to cut costs
Express giant FedEx has unveiled plans to consolidate its various divisions as part of efforts to generate cost savings of $4bn.The company intends to bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into the Federal Express Corporation, becoming a single company operating a "unified, fully integrated ...
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NewsNo signs of the end of globalisation... yet
A recent study released by DHL Express and New York University’s Stern School of Business appears to show that globalisation has yet to go into reverse contrary to many people's expectations.The report measures globalisation by looking at flows of trade, capital, information and people to create a global connectedness index.The ...
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FedEx raises expectation as cost cutting continues
FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue.For the quarter ending February 28, the parcels giant reported a 5.9% year-on-year revenue decrease to $22.bn, operating income was down 24.5% to $1bn and ...
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NewsUPS expands at Changi Airport as it targets e-commerce
Source: UPS. Photo: RENDY ARYANTO/VVS.sgUPS has expanded its operations hub at Changi Airport as it looks to meet growing e-commerce demand following the pandemic.The hub has been increased in size by 25% to allow the company to process 40% more import packages. Export processing capacity meanwhile is boosted by 45%, ...
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NewsChallenge Group facilitates fashion
Photo: Challenge GroupChallenge Group has been busy supporting some of the world’s top fashion designers during February – the month when four of the world’s most prominent fashion weeks take place.“Milan, New York, and China Fashion weeks are routine staples in our annual Challenge Air Cargo operations,” said Or Zak, ...
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NewsDHL Express to offer SAF service for shipments
Source: DHL ExpressDHL Express has launched a new service that will allow customers to reduce carbon emissions associated with their shipments through the use of Sustainable Aviation Fuel (SAF).The GoGreen Plus service allows customers to tailor the CO2e reduction they want to achieve and the amount of SAF they use ...
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NewsFedEx adds new sorting tech at Stansted
Source: FedEx ExpressFedEx Express Europe has implemented new package sorting technology at its Stansted Airport facility in the UK to help meet rising demand.FedEx said the new automated scanning and sorting technology "speeds up the flow of exports through the site’s operations".Around 80% of shipments bound for international markets are ...
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FedEx predicts soft peak season for e-commerce in Europe
Express giant FedEx is predicting a soft peak season for e-commerce volumes in Europe due to economic pressures.The company said that last year it shipped more than 11m e-commerce parcels across Europe, which was 15% up on an already strong 2021, but this year volumes are expected to drop.Karen Reddington, ...