Author: Archive

FedEx net income surges 33 percent; annual earnings outlook raised

Posted by | Dec 21, 2005 | |

FedEx Corporation today reported earnings of USD1.53 per diluted share for the second quarter ended November 30, compared to USD1.15 per diluted share a year ago, an increase of 33%. FedEx Corp. reported the following consolidated results for the second quarter: revenue of USD8.09 billion, up 10% from USD7.33 billion the previous year, operating income of USD790 million, up 32% from USD600 million a year ago, operating margin of 9.8%, up from last year’s 8.2%, net income of USD471 million, up 33% from USD354 million the previous year. “Customer demand for our broad portfolio of transportation services, a disciplined pricing approach by FedEx and strong productivity gains led to a sharp improvement in our operating margins,” said Frederick W. Smith, chairman, president and chief executive officer. “FedEx is also benefiting from solid economic growth year over year in the US and Asian economies, which we expect to continue in 2006.”

Read More

DHL to acquire leading domestic express company in the Czech Republic

Posted by | Dec 21, 2005 | |

DHL, the subsidiary of Deutsche Post World Net, has agreed to acquire 100 percent of the shares of PPL CZ sro. Based in Prague, PPL is the No. 1 private player in the Czech domestic express parcel market, serving customers mainly from the IT, pharmaceutical and electronic industries. PPL operates more than 450 vans and 11 depots across the Czech Republic. The acquisition follows two strategic objectives: Firstly, to expand business in Central and Eastern Europe and secondly, to combine DHL’s strong international business with a strong domestic business. DHL is the No. 1 player in the Czech international express parcel market.

Read More

ComReg turns down An Post bid for 12c rise in stamp price

Posted by | Dec 21, 2005 | |

An Post’s application for a 25 per cent price rise has been rejected by the regulator ComReg. The State-owned postal firm was seeking a rise in the cost of a standard letter to 60 cent from 48 cent, but ComReg said there was insufficient evidence to support the claim. An Post was granted a rise for large envelopes – from 60 cent to 90 cent – while packets will rise from 96 cent to EUR2. Meanwhile, ComReg yesterday said it intended to appoint a team of accountants or consultants to examine An Post’s operations in further detail. This team will focus on “revenue identification, volume measurement and cost allocation procedures” at the company. ComReg issued a preliminary assessment on the application during the summer but it has now delivered its final position. It is not clear whether An Post may legally challenge the decision.

Read More

DHL signs landmark agreement for regional hub at Jordan Queen Alia Airport

Posted by | Dec 21, 2005 | |

DHL Jordan recently announced the development of a 4,000 square metre regional hub at the Queen Alia Airport to be operational before the end of 2006. The development of the hub was confirmed on November 29th 2005 with the signature of the agreement by Rhys Williams, Jordan Country Manager of DHL and Captain Suleiman Obeidat, Director General of the Jordan Civil Aviation Authority. The hub will act as a link between the Middle East, Europe and North Africa facilitating trade and enhancing the DHL express services through a state-of-the-art facility with onsite customs clearance. ‘We are delighted that DHL has chosen to develop a regional hub in Jordan and believe this initiative will build a long-lasting relationship and generate further investments,’ said Captain Suleiman Obeidat. ‘Our aim is for Queen Alia Airport to become a cargo hub in the region and DHL is contributing to this vision.’

Read More

EU clears France’s La Poste to transfer financial ops to Banque Postale unit

Posted by | Dec 21, 2005 | |

The European Commission said it has given its go-ahead to the transfer of the banking and financial business of France’s state-owned post office La Poste to Banque Postale, a fully owned subsidiary. ‘The conversion of the financial business of La Poste into a subsidiary is in itself a major step towards greater transparency in the banking sector in France,’ said competition commissioner Neelie Kroes in a statement.

Read More

MPs call UK Royal Mail’s employee share plans incoherent

Posted by | Dec 20, 2005 | |

Royal Mail’s plans to give its employees shares hit a political problem yesterday when an all-party group of MPs said that they lacked coherence and that there were less controversial ways of motivating staff. The Trade and Industry Select Committee said that the explanations for the plan, a cornerstone of chairman Allan Leighton’s aspirations for Royal Mail, “are far from complete and no coherent process for how these shares would be transferred or traded has been given. If Royal Mail’s management still wish to pursue commercial ways of motivating their employees, we believe there are less controversial ways to do this, such as the current profit-sharing scheme.”

Read More

Deutsche Post appoints new Management Board Member

Posted by | Dec 20, 2005 | |

Deutsche Post AG has appointed John Allan as new management board member of the company, Deutsche Post said on December 20, 2005. Allan will head in the next three years the company’s enlarged logistics operations after the acquisition of British logistics and freight group Exel Plc. Allan, who was CEO of Exel for more than 10 years, will be responsible for the integration of the acquired company with Deutsche Post’s logistics division and its future business development. Allan will succeed Frank Appel as head of the logistics division, who in the future will be responsible for the newly created Global Corporate Services division as well as for the Global Customer Solutions division.

Read More

EU clears Post Danmark, CVC to buy stake in Belgian postal service

Posted by | Dec 20, 2005 | |

Denmark’s national postal service, Post Danmark A/S, won EU regulatory approval Tuesday for its plans to buy a 49 percent stake in Belgium’s La Poste-De Post.
Post Danmark and its minority shareholder CVC Capital Partners are paying the Belgian state EUR300 million (USD361 million) and will help modernize the service. Belgium will keep the remaining 51 percent of the shares in the country’s postal service and the company will remain headquartered in Brussels.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest