UPS gained significant new business at the end of last year from competitor DHL’s announced withdrawal from the US domestic shipping market, but that wasn’t enough to offset a drop in package volume caused by the sagging economy. The company is going on a money saving campaign. The steps to reduce expenses were apparently well-received [...]
Any move by Washington to solve the current economic crisis with protectionist restrictions on free trade would hamper the US recovery, as well as harm freight and logistics companies, was stated by the CEO of the world’s largest transport company. ‘The future of the global economy depends upon a rational and open system of free [...]
Foreign express-delivery companies operating in China including DHL, FedEx, TNT and UPS are fighting new legislation they say will undermine their ability to compete in the market for delivering documents and packages domestically. A new provision in the draft version of China’s Postal Law forbids foreign companies from investing in the domestic letter delivery business. [...]
