Author: Archive

TNT Express invests USD 810,000 in new facilities at Abu Dhabi and Al Ain

Posted by | Nov 29, 2005 | |

TNT Express today announced that it is investing USD810,000 in new facilities in Abu Dhabi and Al Ain (UAE) to establish closer links with its customers and provide them with a greater variety of products. The facilities – to open by the end of the year – are a direct response to TNT’s growth in the Emirates region, as Abu Dhabi in particular, strives to expand at the same rate as Dubai. With the high street outlet in Al Ain offering a full range of products, services and sales staff to provide assistance, the aim is also to serve the increasing needs of our customers. “Many of TNT’s regular customers operate from branches in Al Ain, so this new office will facilitate better communications, performance and delivery,” said Mark Pell, TNT Managing Director, Gulf. “Historically we have serviced Al Ain from Dubai but now we are looking to provide local resources to this market. TNT’s new outlet will establish the company’s presence in Al Ain and will be followed by additional facilities over the next twelve months”, continued Pell.

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DHL to hit US goals

Posted by | Nov 28, 2005 | |

Germany’s Deutsche Post still expects its DHL unit to meet its long-term goals in the United States despite a negative financial impact from the integration of its air operations at Wilmington, Ohio. The company said on Monday that although the September hub integration was a disappointment, the effects should not be enough to cause a long-term deviation from the division’s overall financial objectives. “Despite inevitable temporary setbacks, the progress being made in the US leaves us confident that our overall strategy and direction are correct, and that long-term objectives can be met,” Deutsche Post said in a statement released at a capital markets presentation in New York and quoted by Reuters. The company added that “trading conditions remain competitively tough but relatively stable.”

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FedEx unveils expanded operations centre in Taiwan

Posted by | Nov 28, 2005 | |

FedEx unveiled an expanded operations centre near Chiang Kai-shek (CKS) international airport outside the Taiwanese capital of Taipei Monday.
The new operations centre is nearly three times larger than the previous one and can sort 4,000 packages per hour, twice as many as before, according to FedEx. FedEx said the launch of the new centre proved the company was not withdrawing from Taiwan while moving its regional operations centre from Subic Bay in the Philippines to Guangzhou in China.

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China’s Sinotrans to buy stake in local courier for 360 mln yuan

Posted by | Nov 28, 2005 | |

Sinotrans Air Transportation Development Co Ltd (SHA 600270) is expected to acquire a controlling 51 pct stake in Shanghai STO Express Co Ltd for 360 mln yuan, The Economic Observer reported. The newspaper cited unnamed sources as saying that the two companies have signed an agreement which is pending approval by the State-owned Assets Supervision and Administration Commission.
Officials at both companies declined to comment.

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TNT to attack rival Deutsche Post with own letter delivery network

Posted by | Nov 28, 2005 | |

Dutch postal services group TNT is to attack German rival Deutsche Post on the German market. With Europost, 71 per cent of which is owned by TNT and 29 per cent by German package delivery company Hermes, TNT plans to become the second-largest provider of letter deliveries on the German market behind Deutsche Post. TNT plans to bring together its regional partners in Germany into a Europost franchise system. Of around 160 current partners, TNT expects 120 to participate. Partners have until the end of the year to sign up to the franchise. TNT hopes that the new letter delivery system will reach 95 per cent of German households by 2006 and is aiming to achieve market share of 10 per cent by 2007/2008.

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Majority of Japan Post offices in loss in FY ’04

Posted by | Nov 28, 2005 | |

Over 70 pct of Japan’s 20,000-plus post offices reported losses for the fiscal year that ended in March this year, Japan Post said Monday. Of 20,242 post offices nationwide, 14,661 suffered losses for the year, an increase of 500 from the previous year, the public corporation said. By business division, 18,993 post offices, or 93.8 pct of the total, incurred losses in their mail delivery operations, while the number of loss-making offices nearly matched that of profitable ones in postal savings and insurance operations, Japan Post said.

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An Post to spend EUR30m on upgrading operations

Posted by | Nov 28, 2005 | |

An Post, which up until recently could not pay the terms of Sustaining Progress, intends to spend EUR30 million next year on upgrading its security systems and renovating its buildings. This year the company spent about EUR7 million on capital projects, but according to estimates submitted to the Department of Finance the company will spend EUR30 million in 2006. This represents an increase of more than 300 per cent. A spokeswoman for the company said about EUR15 million was earmarked for a major security upgrade to the retail operations of the company. This will involve installing new security features, including CCTV and alarms, in many of the company’s 1,614 post offices. An Post said it was responding to increased threats to some of its post offices, particularly in isolated rural areas. The remainder of the funds will be used to upgrade regional offices, extend some mail centres and bring in fresh IT equipment. One of the reasons for this is that An Post is trying to re-integrate the parcels business SDS back into its core mail operation. This operation was closed last year.

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