2LT
No idea what's goin' on.
- Joined
- Aug 8, 2003
- Posts
- 242
News for 'FDX' - (American wins mail contract)
Sep 21, 2006 (Fort Worth Star-Telegram - McClatchy-Tribune Business News
via
COMTEX) -- FORT WORTH -- American Airlines signed a five-year deal to deliver
mail for the U.S. Postal Service on Wednesday, more than a year after posting
the worst record for on-time delivery among mail carriers.
The deal is worth up to $500 million over the life of the contract and will
support up to 450 jobs nationwide. It will make American the No. 2 mail carrier,
after FedEx.
"This is a great opportunity for American, and we're really happy to be carrying
mail, especially given our long history," said Gerard Arpey, American's chief
executive, at a news conference at the airline's Fort Worth headquarters.
American's history with the mail service dates to 1926, when Charles Lindbergh
flew a contract mail route between St. Louis and Chicago for a predecessor
company of American.
But in February 2005, the Postal Service briefly halted American's mail
delivery, after the airline posted the worst record for on-time delivery in the
industry.
The service was resumed, but American remained on probation while it upgraded
its cargo and shipping systems to improve its record.
Arpey called Postmaster General Jack Potter and told him that he was embarrassed
by the company's performance.
"He told me he wanted a chance to prove that American could do better," Potter
said.
Today, the airline's delivery system has been completely re-engineered with new
technology, Arpey said.
Last year, the Postal Service paid U.S. airlines $728 million for carrying
international and domestic mail, according to the U.S. Department of
Transportation. American's share was $102 million.
Some airlines either lost their mail contracts or elected not to bid, including
United Airlines, Northwest Airlines and Southwest Airlines.
In addition to American, carriers that still deliver mail include Continental
Airlines, JetBlue Airways, US Airways, Midwest Airlines, Sun Country Airlines
and ATA Airlines.
------
Trebor Banstetter, 817-390-7064 [email protected]
By Trebor Banstetter
Copyright
(c) 2006, Fort Worth Star-Telegram, Texas
**********************************************************************
As of Sunday, 09-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-13-2006 for AMR @ $23.12.
As of Sunday, 09-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-13-2006 for FDX @ $105.75.
For more information on Comtex SmarTrend® Alert, contact your market data
provider or go to CSTADirect.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright © 2004-2006 Comtex News Network, Inc. All rights reserved.
-0-
SUBJECT CODE: FT
Source: Comtex Wall Street News
Sep 21, 2006 (Fort Worth Star-Telegram - McClatchy-Tribune Business News
via
COMTEX) -- FORT WORTH -- American Airlines signed a five-year deal to deliver
mail for the U.S. Postal Service on Wednesday, more than a year after posting
the worst record for on-time delivery among mail carriers.
The deal is worth up to $500 million over the life of the contract and will
support up to 450 jobs nationwide. It will make American the No. 2 mail carrier,
after FedEx.
"This is a great opportunity for American, and we're really happy to be carrying
mail, especially given our long history," said Gerard Arpey, American's chief
executive, at a news conference at the airline's Fort Worth headquarters.
American's history with the mail service dates to 1926, when Charles Lindbergh
flew a contract mail route between St. Louis and Chicago for a predecessor
company of American.
But in February 2005, the Postal Service briefly halted American's mail
delivery, after the airline posted the worst record for on-time delivery in the
industry.
The service was resumed, but American remained on probation while it upgraded
its cargo and shipping systems to improve its record.
Arpey called Postmaster General Jack Potter and told him that he was embarrassed
by the company's performance.
"He told me he wanted a chance to prove that American could do better," Potter
said.
Today, the airline's delivery system has been completely re-engineered with new
technology, Arpey said.
Last year, the Postal Service paid U.S. airlines $728 million for carrying
international and domestic mail, according to the U.S. Department of
Transportation. American's share was $102 million.
Some airlines either lost their mail contracts or elected not to bid, including
United Airlines, Northwest Airlines and Southwest Airlines.
In addition to American, carriers that still deliver mail include Continental
Airlines, JetBlue Airways, US Airways, Midwest Airlines, Sun Country Airlines
and ATA Airlines.
------
Trebor Banstetter, 817-390-7064 [email protected]
By Trebor Banstetter
Copyright
(c) 2006, Fort Worth Star-Telegram, Texas
**********************************************************************
As of Sunday, 09-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-13-2006 for AMR @ $23.12.
As of Sunday, 09-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-13-2006 for FDX @ $105.75.
For more information on Comtex SmarTrend® Alert, contact your market data
provider or go to CSTADirect.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright © 2004-2006 Comtex News Network, Inc. All rights reserved.
-0-
SUBJECT CODE: FT
Source: Comtex Wall Street News
