Author: Archive

FedEx to Acquire Watkins Motor Lines

Posted by | May 26, 2006 | |

FedEx Corporation today announced an agreement to acquire the less-than-truckload (LTL) operations of Watkins Motor Lines and certain affiliates for USD780 million, payable in cash. Heavyweight freight customers will benefit from the additional choice that this new, reliable and cost-effective solution will add to the FedEx Freight portfolio of services. Watkins Motor Lines, a privately held company headquartered in Lakeland, Fla., is a leading provider of long-haul LTL services. With over USD1 billion in annual revenue, Watkins will be rebranded FedEx National LTL and operate as a separate network within the FedEx Freight segment. The transaction is expected to close during the first quarter of fiscal 2007 and is subject to customary conditions, including government approvals. The acquisition is not expected to have a material effect on the fiscal 2007 financial results of FedEx.

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Parcelforce gets into the black

Posted by | May 25, 2006 | |

Parcelforce Worldwide has made its first operating profit in its 15 year history. It made an annual profit of (pounds sterling)5m on a turnover of (pounds sterling) 314m giving a return on sale of 1.6%. Last year Parcelforce lost (pounds sterling) 6m, according to the accounts released last week. The company says that it has seen growth particularly in the business to consumer market. Operating costs are 1.7% higher but this includes absorbing a 7% increase in volume. “The second half of the year saw an acceleration of unit cost improvements… strong improvements in vehicle and logistics costs have in part been offset by higher fuel costs and international conveyance costs as international volumes have risen,” the report says.

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Neopost works with FrankPay

Posted by | May 25, 2006 | |

Neopost, the pan-European mailroom equipment maker, has made its franking kit compatible with Parcelforce’s new service, FrankPay. FrankPay gives any franking machine user access to all domestic and international Parcelforce services via the web and lets them pay via their franking equipment. ‘This offers customers complete control of all their mail and express parcel costs from their franking machine,’ said a Neopost spokesman. The service also offers users a pounds 1 discount per parcel on normal Parcelforce tariffs.

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DHL dispatches increase 30% in Russia in 1Q2006

Posted by | May 25, 2006 | |

DHL dispatches increased 30% in Russia in 1Q2006 y-o-y, DHL Freight’s international automobile and railroad transportation rose 2 -fold, domestic – transportation 3 -fold, the company’s press service told SKRIN with reference to a press conference of Klaus Zumwinkl, BoD Chairman of Deutsche Post World Net, the main shareholder of DHL, held in Moscow on May 24, 2006.

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Chronopost International Portugal Q1 2006 Turnover Up 11.5 Pct Y/Y

Posted by | May 25, 2006 | |

Chronopost International Portugal, the local unit of French postal operator Chronopost International, generated a turnover of more than 7.8 mln euro (USD9.96 mln) in the first quarter of 2006, up 11.5 pct year-on-year, Portuguese economic news portal Agencia Financeira reported on May 24, 2006.
The number of orders processed by the company in the period exceeded 1.2 million, up 12 pct. The strong first quarter 2006 earnings results reinforced Chronopost International Portugal leading position among the private mail delivering companies in the country, the CEO for Portugal, Olivier Establet, said.

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Attendance levels improve 18% across UK Royal Mail

Posted by | May 25, 2006 | |

Sick absence has been cut significantly as postmen and women increased their attendance levels by 18% over the 2005-06 financial year, Royal Mail announced today. The latest improvement builds on earlier gains and underlines the success of a Royal Mail incentive scheme offering employees with a 100% attendance record the chance to win a new car in a draw. The winners of 39 Vauxhall Astras have been collecting their prizes, while 780 Royal Mail people won shopping vouchers. In total, nearly 56,000 employees did not miss a day at work during the 12 months to March 2006 and all have been sent a GBP150 holiday discount voucher as a “thank you” for their commitment.

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Japan Post's FY 2006 mail service to post 1st loss in 4 years

Posted by | May 24, 2006 | |

Japan Post said Wednesday its mail service business is likely to fall into the red, with a net loss of 5.6 billion yen, in the current 2006 fiscal year for the first time in four years. In fiscal 2005 that ended in March, the mail delivery business recorded a 99.1 percent plunge in net profit from the previous year to 200 million yen, Japan Post said. The profit contraction is blamed in part on a drop in the amount of mail handled by post offices due to increased use of e-mail, according to analysts.

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UK postal union threatens national strike

Posted by | May 24, 2006 | |

The postal workers’ union is threatening the first national postal strike for a decade, saying it is on a “collision course” with Royal Mail over plans for a free share issue. The Communication Workers Union gave the state-owned company four weeks to resume pay negotiations and withdraw plans to give workers free shares or face a vote for the first national postal strike since 1996. The union is also seeking guarantees on job security and pensions. The union warned that issuing shares, representing up to 20 per cent of the value of the business, to staff could open the door to the eventual privatisation of the company. CWU represents 160,000 of Royal Mail’s 200,000 workers. The strike threat emerged at the union’s annual conference in Bournemouth, where the CWU reported that more than 90,000 workers had voted in favour of the union’s view that there should be “no issue of shares as a first step to privatisation”.

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