DOCSLIB.ORG

Fedex 2016 Annual Meeting of Stockholders – September 26, 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fedex 2016 Annual Meeting of Stockholders – September 26, 2016 FedEx 2016 Annual Meeting of Stockholders – September 26, 2016 Frederick W. Smith Chairman, President & CEO, FedEx Corp. All right. Ladies and gentlemen, it’s precisely 8:00 in the morning of 26 September 2016. Welcome to the Annual Stockholders Meeting of FedEx Corporation. As I think most of you know, I’m Frederick Wallace Smith, Chairman of the Board and CEO of FedEx Corporation. We appreciate the interest of the stockholders who have come to the meeting and we thank you for being here. This meeting is being webcast live. I would also like to welcome our stockholders who have joined us via that webcast. Let me begin by introducing the other members of the FedEx Board of Directors. As I call your name, please stand and be recognized. Jim Barksdale, John Edwardson, Marvin Ellison, Chris Inglis, Kim Jabal, Shirley Jackson, Brad Martin, Joshua Ramo, Susan Schwab, David Steiner and Paul Walsh. As you may know, Gary Loveman, who has been a member of our Board of Directors since 2007, has retired from the Board effective today. We thank Mr. Loveman for his service and dedication to FedEx and wish him well. Joining me on stage are Christine Richards, our Executive Vice President, General Counsel and Corporate Secretary who will act as secretary of the meeting; John Ruocco, Assistant Vice President and Senior Relationship Manager of Computershare Trust Company, our transfer agent who has been appointed and duly sworn as Inspector of Election. Representatives of Ernst & Young are also present and available to answer appropriate questions that you may have of them as auditors of the Company’s fiscal year 2016 financial statements. As each of you entered the meeting room this morning you were given a copy of the agenda and the annual meeting guidelines. The meeting will be conducted in accordance with the agenda and those guidelines. If you have not received copies of the agenda and guidelines, please raise your hand and copies will be brought to you. I’ll now call the meeting to order. Ms. Richards will report on the giving of notice of the meeting and the presence of a quorum. Christine P. Richards EVP, General Counsel & Secretary, FedEx Corp. Mr. Chairman, I have a complete list of the holders of record of the Company’s common stock at the close of business on August 1, 2016, who are entitled to vote at this meeting. The list is arranged in alphabetical order and indicates the number of shares held by each stockholder. It was prepared and certified by Computershare Trust Company, the Company’s transfer agent for the common stock. I also have received an affidavit of a representative of Computershare which states that on August 15, 2016, the Notice of Annual Meeting, the Proxy Statement, the Proxy, the 2016 Annual Report and a postage prepaid return envelope were mailed to the stockholders of record as of August 1, 2016. A tabulation of the proxies received from shareholders indicates that a majority of the shares outstanding on the record day are represented at this meeting and a quorum is present. Frederick W. Smith Chairman, President & CEO, FedEx Corp. Thank you Ms. Richards. A copy of the affidavit will be filed with the records of this meeting. The polls for each proposal are now open at 8:03 AM Central Time, 26 September 2016. Proposals to be considered today are listed on the agenda and in the proxy materials previously distributed. If you have already submitted your proxy, your shares will be voted accordingly. If there is any stockholder present who has not yet voted and wishes to do so, please hold up your hand so we may distribute ballots. If you have previously voted by a proxy, please do not fill out a ballot unless you wish to change your proxy vote. Anybody in that category? 1 Since there are none—I don’t have to even go through this next one, do I? Good. The first matter to be taken up is the election of directors. Twelve directors are to be elected today. A nominee will be elected to the Board of Directors if the number of votes cast for such nominee’s election exceeds the number of votes cast against such nominee’s election. If elected, each nominee will serve as a director until the 2017 Annual Meeting and until his or her successor is duly elected and qualified. The nominees are as follows: James L. Barksdale, John A. Edwardson, Marvin R. Ellison, John C. Inglis, Kimberly A. Jabal, Shirley Ann Jackson, R. Brad Martin, Joshua Cooper Ramo, Susan C. Schwab, Frederick W. Smith, David P. Steiner and Paul S. Walsh. The next item of business is the proposal to approve, on a non-binding basis, an advisory resolution on named executive officer compensation as follows: Resolved, that the compensation paid to FedEx’s named executive officers as disclosed in the Company’s Proxy Statement for the 2016 Annual Meeting of Stockholders pursuant the to the compensation disclosure rules of the Securities and Exchange Commission, including the compensation discussion and analysis, the accompanying compensation tabled and the related narrative discussion is hereby approved. Male Speaker: (Inaudible). Frederick W. Smith Chairman, President & CEO, FedEx Corp. No, I think we go through all of these—is that not right? And then we’ll take questions on the proposals. Male Speaker: Okay, thank you. Frederick W. Smith Chairman, President & CEO, FedEx Corp. The next item of business is the ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending May 31, 2017. The fourth item of business is the consideration of a stockholder proposal regarding a lobbying activity and expenditure report. I will now ask a qualified representative of the proponents to present the proposal. Please limit the presentation of your proposal to three minutes. First please identify yourself, the institution you represent and the number of shares. Louis Malizia Clean Yield Asset Management, International Brotherhood of Teamsters General Fund and Newground Social Investment Mr. Chairman, my name is Louis Malizia and I’m presenting this proposal on behalf of Clean Yield Asset Management and the International Brotherhood of Teamsters General Fund. Frederick W. Smith Chairman, President & CEO, FedEx Corp. And the number of shares? Louis Malizia Clean Yield Asset Management, International Brotherhood of Teamsters General Fund and Newground Social Investment I believe it’s - I’m sure in the statement. I’ll get back to that. 2 Frederick W. Smith Chairman, President & CEO, FedEx Corp. Well, listen, you’ve been here before and we trust you so we’re going to— Louis Malizia Clean Yield Asset Management, International Brotherhood of Teamsters General Fund and Newground Social Investment I’m not … Frederick W. Smith Chairman, President & CEO, FedEx Corp. I ASSUME you’re a shareholder. Go ahead. Louis Malizia Clean Yield Asset Management, International Brotherhood of Teamsters General Fund and Newground Social Investment I’m not positive the Clean Yield’s numbers. Frederick W. Smith Chairman, President & CEO, FedEx Corp. That’s all right. Go ahead. Louis Malizia Clean Yield Asset Management, International Brotherhood of Teamsters General Fund and Newground Social Investment Mr. Chairman, we believe FedEx has a strong corporate responsibility record demonstrated by the actions of the Company taken on environmental, social and governance issues. Unfortunately, with respect to transparency of its lobbying activities, FedEx is not displaying leadership, a situation our proposal seeks to rectify. This year’s Proxy currently tells investors where to find its lobbying expenditures each quarter on a Senate database, but there are significant gaps in what that database reveals. What we can piece together from the public record is the following. In the last 10 years FedEx has spent over $128 million on lobbying, according to the Center for Responsive Politics. To date in this year alone FedEx has spent nearly $3 million, is the 20th largest lobbyist among the more than 3,000 organizations tracked by the widely regarded Center for Responsive Politics. These figures are not complete. They do not include state lobbying expenditures where disclosure is uneven or absent all together, although it is public information that our Company spent over $0.5 million lobbying in California alone in 2014 and 2015. These are significant expenditures from the corporate treasury. What did we spend our time and money lobbying for or against? Why not describe it to investors? FedEx does not disclose trade association payments used for lobbying, even though the Proxy Statement notes that accounting procedures are in place to record and monitor these expenditures for the organizations. It would be simple to add a list of trade associations to whom you pay significant dues and fees, such as the US Chamber of Commerce and the American Trucking Association and disclose the amount of the payment and the percent of that payment that is spent on lobbying. This would render a far more thorough picture of FedEx’s lobbying priorities than the partial and misleading that currently constitute this company’s disclosure. We believe the ATA stance on misclassification of workers and the Chamber’s anti-union efforts correlates to the company’s high legal costs associated with FedEx Ground misclassification lawsuits as well as court defeats in National Labor Relations Board challenges. Are these organizations leading FedEx down a treacherous and ill-advised path? Again, we cannot evaluate the extent of the company’s financial and lobbying commitment because of the lack of transparency. 3 FedEx is a board member of the US Chamber of Commerce, the country’s largest lobby.
Load more

Recommended publications
  • GRAZIELA ROSSI GOMES Revisão Final
    PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO GRANDE DO SUL FACULDADE DE ADMINISTRAÇÃO, CONTABILIDADE E ECONOMIA MESTRADO EM ADMINISTRAÇÃO E NEGÓCIOS GRAZIELA ROSSI GOMES AS RELAÇÕES ENTRE ESTRATÉGIAS E COMPETÊNCIAS ORGANIZACIONAIS NA CONSTRUÇÃO DA TRAJETÓRIA DA FEDEX Porto Alegre 2013 GRAZIELA ROSSI GOMES AS RELAÇÕES ENTRE ESTRATÉGIAS E COMPETÊNCIAS ORGANIZACIONAIS NA CONSTRUÇÃO DA TRAJETÓRIA DA FEDEX Dissertação apresentada como requisito parcial para a obtenção do grau de Mestre pelo Programa de Pós-Graduação em Administração, da Faculdade de Administração, Contabilidade e Economia, da Pontifícia Universidade Católica do Rio Grande do Sul. Orientadora: Profª. Drª. Grace Vieira Becker Porto Alegre 2013 Dados Internacionais de Catalogação na Publicação (CIP) G633r Gomes, Graziela Rossi As relações entre estratégias e competências organizacionais na construção da trajetória da FedEx / Graziela Rossi Gomes. – Porto Alegre, 2013. 184 f. : il. Diss. (Mestrado em Administração) – FACE, PUCRS. Orientadora: Profª. Drª. Grace Vieira Becker. 1. Administração de Empresas. 2. Competência (Administração). 3. Administração – Estratégias. 4. Logística (Administração). I. Becker, Grace Vieira. II. Título. CDD 658.4 Ficha Catalográfica elaborada por Vanessa Pinent CRB 10/1297 “A viagem da descoberta consiste não em achar novas paisagens, mas em ver com novos olhos.” Marcel Proust AGRADECIMENTOS Tal qual a trajetória da FedEx, minha jornada neste processo não teria sido possível sem o apoio emocional, profissional e financeiro de diversas pessoas. Assim, dedico esta pesquisa às pessoas mais importantes na minha vida, meu marido e meu filho. Ao meu marido, pelo apoio incondicional, pelo ombro amigo, pelos conselhos e incentivos constantes, mesmo nos momentos mais difíceis. Ao meu filho, que mesmo sem compreender meus momentos de ausência, foi sempre meu grande motivador.
    [Show full text]
  • P R Market Achievements History
    PRODUCT The French Tennis Open, watched by an FedEx International Priority® (IP) estimated three billion TV viewers and 113 A time-definite, customs-cleared, door-to-door television channels throughout the world, is an delivery service. Shipments with a maximum excellent platform to promote the FedEx brand. weight per piece of 68 kg (50 kg inbound in Egypt) FedEx’s association with the global sports like can be delivered to 215 countries worldwide tennis closely reflects FedEx’s core values of between one and three days following pick-up. precision, anticipation and service. FedEx® 10 kg and 25 kg Box In Egypt, some country specific offers are A convenient service solution with a flat rate provided during festivals and holiday seasons, like for items weighing up to 10 kg and 25 kg (over Eid, Ramadan, Mother’s Day and Valentines day, for these weights shipments incur a per kilogram shipments being dropped off at any of the FedEx charge). This service provides an enhancement World Service Centers in the country. to International Priority service, allowing customers to use specific FedEx packaging for BRAND VALUES their IP shipments across the world. By inventing the overnight delivery category, undergraduate at Yale University. The company FedEx International Economy® (IE) FedEx® Express has revolutionized the promise initiated operations in April 1973, when a fleet of A time-definite, customs-cleared service for of tomorrow and simplified the coordination 14 Falcon jets delivered 186 packages to 25 US inbound shipments. This door-to-door package of space and time. Its standard operating cities. This small operation was the beginning of service is for shipments containing single pieces procedures have changed the world’s ideas about a new era in global transportation that was to weighing 68 kg (50 kg inbound in Egypt) or efficiency and reliability.
    [Show full text]
  • Strategic Report for Fedex Corporation
    Strategic Report for FedEx Corporation Mitch Amsler Jed Cullen JC Erdmenger April 14, 2010 FedEx Corporation Table of Contents Executive Summary ........................................................................................... 3 Company Overview ............................................................................................ 4 History ............................................................................................................... 4 Business Model ................................................................................................. 7 Competitive Analysis ....................................................................................... 10 Internal Rivalry ................................................................................................ 10 Supplier Power ................................................................................................ 11 Buyer Power .................................................................................................... 12 Threat of New Entrants ................................................................................... 12 Substitutes and Complements ........................................................................ 13 SWOT ................................................................................................................ 14 Strenghts ......................................................................................................... 14 Weaknesses ...................................................................................................
    [Show full text]
  • Form 10-Q Securities and Exchange Commission Washington, D.C
    FORM 10-Q SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED February 28, 2001, OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________. Commission file number: 1-15829 FEDEX CORPORATION (Exact name of registrant as specified in its charter) Delaware 62-1721435 (State of incorporation) (I.R.S. Employer Identification No.) 942 South Shady Grove Road Memphis, Tennessee 38120 (Address of principal (Zip Code) executive offices) (901) 818-7200 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Common Stock Outstanding Shares at March 30, 2001 Common Stock, par value $.10 per share 297,109,218 FEDEX CORPORATION INDEX PART I. FINANCIAL INFORMATION PAGE ITEM 1: Financial Statements Condensed Consolidated Balance Sheets February 28, 2001 and May 31, 2000 ................................. 3-4 Condensed Consolidated Statements of Income Three and Nine Months Ended February 28, 2001 and February 29, 2000 5 Condensed Consolidated Statements of Cash Flows Nine Months Ended February 28, 2001 and February 29, 2000 .........
    [Show full text]
  • Fedex TNT Express Call Transcript – April 7, 2015
    FedEx TNT Express Call Transcript – April 7, 2015 A. Mickey Foster Vice President - Investor Relations, FedEx Corp. Good day and thank you for joining the call to discuss our announcement that FedEx Corporation has entered into a definitive agreement to acquire TNT Express. This call is being broadcast from our website, and the replay and podcast will be available for about one year. Joining us on the call today are members of the media. During our question-and-answer session, callers will be limited to one question in order to allow us to accommodate all those who would like to participate. If you’re listening to the call through our live webcast, you’re welcome to submit your question via email or as a message on StockTwits.com. For email, please include your full name and contact information with your question and send it to our [email protected] address. To send a question via StockTwits.com, please be sure to include $FDX in the message. Preference will be given to inquiries of a long-term strategic nature. I want to remind all listeners that FedEx Corporation desires to take advantage of the Safe Harbor provisions of the Private Securities Litigation Reform Act. Certain statements in this conference call may be considered forward-looking statements within the meaning of the Act. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For additional information on these factors, please refer to our press releases and filings with the SEC.
    [Show full text]
  • Fedex Corporation 2001 Annual Report Fedex Corporation
    FedEx Corporation 2001 Annual Report FedEx Corporation 2001 Annual Report FedEx Corporation Time-definite, global express package and freight delivery Small-package ground services, including FedEx Home Delivery Regional less-than- truckload freight services Exclusive-use, expedited, door-to-door delivery Consolidated sales, Customs brokerage and marketing and trade facilitation solutions technology support Only FedEx could create an industry, then 28 years later, grow into so much more than an “overnight” success. Today, only FedEx offers dedicated networks for express, ground, freight, expedited delivery and unique trade services – when customers need greater choice and flexibility in managing their supply chains. Only FedEx delivers industry-leading, on-time service levels – when time is literally money. Only FedEx provides the right level of information intensity – when information about the package is still as important as delivery of the package itself. In FY01, only FedEx had the vision to acquire American Freightways – one of the nation’s premier regional, less- than-truckload freight carriers. With the acquisition, we formed FedEx Freight to oversee both American Freightways and Viking Freight. During a period of challenge and change, only FedEx remains focused on a unique business model – to operate each company independently, focused on the distinct needs of each customer segment, but also to compete collectively, leveraging our greatest strengths, the power of the FedEx brand and information technology. That’s why FedEx continues to deliver value for our shareowners, meaningful solutions for our customers and continued opportunity for our employees. 1. Financial Highlights 2. Message from the CEO 6. Message from the CFO 7.
    [Show full text]
  • United States Securities and Exchange Commission Form
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ፤ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2003. OR ፬ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-15829 FEDEX CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 62-1721435 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 942 South Shady Grove Road Memphis, Tennessee 38120 (Address of Principal Executive Offices) (ZIP Code) Registrant's telephone number, including area code: (901) 818-7500 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ፤ No ፬ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
    [Show full text]
  • United States Securities and Exchange Commission Form
    Page1of2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended May 31, 2002. OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF1934 For the transition period from to . Commission file number 1-15829 FEDEX CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 62-1721435 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 942 South Shady Grove Road, Memphis, Tennessee 38120 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (901) 818-7500 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
    [Show full text]
  • Results: Keep What's Good, Fix What's Wrong, and Unlock Great Performance
    KEEP WHAT’S GOOD, FIX WHAT’S WRONG, AND UNLOCK GREAT PERFORMANCE GARY L. NEILSON & BRUCE A. PASTERNACK RESULTS NEW YORK Copyright © 2005 by Booz & Company Inc. Org DNA Profiler is a servicemark of Booz & Company Inc. All rights reserved. Originally published in the United States by Crown Business, an imprint of the Crown Publishing Group, a division of Random House, Inc., New York. Crown Business is a trademark and the Rising Sun colophon is a registered trademark of Random House, Inc. Library of Congress Cataloging-in-Publication Data Neilson, Gary L. Results : keep what’s good, fix what’s wrong, and unlock great performance / Gary L. Neilson and Bruce A. Pasternack.—1st ed. Includes bibliographical references and index. 1. Organizational change. 2. Decision making. 3. Organizational effectiveness. 4. Management by objectives. 5. Performance. I. Pasternack, Bruce A. II. Title. HD58.8.N446 2005 658.4'06—dc22 2005009527 ISBN 13: 978-1-4000-9839-2 ISBN 10: 1-4000-9839-4 Printed in the United States of America Design by Robert Bull 10 9 8 7 6 5 4 3 2 1 First Edition Praise for Gary L. Neilson and Bruce A. Pasternack’s Results: “Whether a minion, manager, or monarch in your organization, Results is a thoughtful and well-researched tool that will help you understand the DNA of your company. Do you plan with the precision of a military machine or play it by ear? Can you turn on a dime or with the aplomb of an oil tanker? Whatever the size of your business, and wherever you play in it, you’ll find something of interest and use in this book.” —Stephen Carter, CEO of Superior Essex and former CEO of Cingular Wireless “Bad management is like the weather—everyone likes to talk about it, but it’s hard to get anyone to actually do anything about it.
    [Show full text]
  • Memphis Freight Infrastructure Plan
    Memphis Freight Infrastructure Plan Prepared For: Greater Memphis Chamber October 19,2009 Report Title Here Contact Information Joseph Waldo Senior Consultant 610-490-2636 [email protected] Table of Contents INTRODUCTION AND EXECUTIVE SUMMARY...............................................................................................5 CHAPTER 1: MEMPHIS IN THE GLOBAL SUPPLY CHAIN..............................................................................................7 CHAPTER 2: MEMPHIS FREIGHT INFRASTRUCTURE INVENTORY.................................................................................9 CHAPTER 3: MEMPHIS FREIGHT INFRASTRUCTURE EVALUATION.............................................................................10 CHAPTER 4: MEMPHIS FREIGHT INFRASTRUCTURE RECOMMENDATIONS.................................................................11 FUTURE DEVELOPMENTS..........................................................................................................................................12 MEMPHIS INFRASTRUCTURE PLAN RECOMMENDATIONS BY STATE.........................................................................14 STAKEHOLDER INTERVIEWS FOR THE MEMPHIS INFRASTRUCTURE PLAN ................................................................15 MEMPHIS IN THE GLOBAL SUPPLY CHAIN ..................................................................................................16 THE GLOBAL ECONOMIC PICTURE ...........................................................................................................................16
    [Show full text]
  • October, 2006
    CoverINT 9/22/06 3:52 PM Page 1 WWW.AIRCARGOWORLD.COM OCTOBER 2006 INTERNATIONAL EDITION 20072007Air Cargo World AirportsAirportsAir Cargo World DirectoryDirectory U.K. Shipping • Europe Airports • Capacity Pique Project5 9/19/06 4:06 PM Page 1 Why are Cargo Carriers Choosing Hartsfield-Jackson Atlanta International Airport? Connectivity To The World Hartsfield-Jackson's Advantages Include: • Geographic Location - An ideal climate and healthy economy have made Atlanta an ideal entry and distribution point • Low Operating Cost - Landing fees and other operating costs are among the lowest of major U.S. gateways • No Operational Challenges - Such as curfews and slots • Connectivity - Enabling shippers to connect cargo to the world - air service between Latin America, North America, Europe, Asia, Africa and the Caribbean More Direct Flights To & From More U.S. Cities Than Any Other Gateway For more information, please call (404) 209-2945 ext. 2332 or visit us on the Web at: www.atlanta-airport.com 01TOCINT 9/22/06 3:49 PM Page 1 INTERNATIONAL EDITION October 2006 CONTENTS Volume 9, Number 8 REGIONAL REPORTS ‘07 Airport 10 North America Guide FedEx Express and UPS have 2525 In two sections, the latest new contract settlements in edition of the World Airports hand, and patience and cargo Directory features U.S. air- profitability played a big role in ports by state as well as air- reaching the agreements ports by country in Europe, Asia, South America and the 12 Europe Middle East. British Airways World Cargo sees a ‘need for speed’ in the handling process of premium products • Europe Flat 16 Pacific A drop in Korean exports is not slowing expansion plans of United Korean Air as the airline takes 17 Kingdom its growth strategy deeper into Cargo operators are ex- China ploring ways to revive a sag- ging British export market.
    [Show full text]
  • Fedex Corporation, Reliability Is the Most Significant Factor for Manufacturers When They Selected a Transportation Carrier
    FedEx Corporation Recommended Book : The FedEx brand name is synonymous with express package delivery. When a company or individual needs to send a package in a quick and timely manner, they say “FedEx it.” Kamélia Bouguetof Zakaria Idiri Anthony Marchelek Thomas Guidez 2 TABLE OF CONTENTS 1. DEFINITION OF LOGISTIC p.5 2. INTRODUCTION OF THE COMPANY p.5 3. FEDEX SYPPLY CHAIN SOLUTION p.7 3.1 What is a supply chain ? p.7 3.2 FedEx Express p.8 3.3 FedEx Ground: FedEx Home Delivery p.8 3.4 FedEx Freigh p.8 3.5 FedEx Trade Network p.8 3.6 FedEx Services p.9 3.7 FedEx Supply Chain Services (subsidiary) p.9 3.8 FedEx customs critical p.9 4. THE AIMS OF FEDEX LOGISTICS p.10 5. DEFICIENCIES STEPS OF A SUPPLY CHAIN p.10 6. WAREHOUSING STRATEGY OF FEDEX p.10 6. 1 What is a warehouse? p.10 6.2 Worldwide logistics distribution centers of FedEx p.11 6.3 FedEx regional distribution centers p.11 6.4 Example of RDC p.12 6.5 Operations and benefits p.12 6.6 Example trough turn-around-time p.12 6.7 Express replenishment p.14 6.8 Centralized Versus Decentralized warehousing analysis p.14 6.9 Inventory management p.14 7. TRANSPORTING STRATEGY p.15 7.1 What is lean transportation? p.15 7.2 Lean transportation of FedEx p.16 7.3 FedEx Lean Transportation Going Forward p.18 8. FEDEX, DIFFERENT MEANS OF TRANSPORT p.18 8.1 Airplane p.18 8.2 Trucks p.18 8.3 Ships p.19 8.4 FedEx Multimodal Transport p.19 9.
    [Show full text]