Author: Archive

FedEx eyes China’s potential logistics market

Posted by | Nov 14, 2005 | |

FedEx Corp is training eager eye on China. Frederick W. Smith, founder, chairman, and CEO of FedEx, said on November 9 that the fast-growing Chinese market draws global attention at present, and the company had achieved great development in recent years thanks to the Asian market, especially China.
Therefore, FedEx aims to expand its business in the potential country. However, it has no intention to set up a wholly owned enterprises but joint ventures in the near future. The US based company plans to set up its Asia Pacific distribution center in the new Baiyun Airport of Guangzhou, and the construction work is expected to be finished by 2008.

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Business Post caught in parcels downturn

Posted by | Nov 14, 2005 | |

Parcels group Business Post sent its shares into tailspin today by delivering its second profits warning in three months. Investors reeled from the news that Business Post was no longer handling as many parcels a day as it was last year and its annual profits were now likely to fall 20% short of market hopes.
Volumes at its Express unit, which makes overnight deliveries between businesses, were up 8% at the start of the year but have worsened since then to be 3.5% below 2004 levels in September. This matters because 40% of the costs of operating its network of around 60 depots are fixed, reducing the freedom of Business Post to act when volumes fall.

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DHL to build distribution centre in Dutch Drachten

Posted by | Nov 14, 2005 | |

DHL will build a distribution centre in Drachten, northern Netherlands, the mayor of the municipality of Smallingerland, Pieter van der Zaag, said on November 11, 2005. For the purpose, DHL has bought a site of 40,000 sq m in the industrial zone Azeven Zuid near Drachten. The distribution centre will create jobs for 200 employees. The plan for the construction of the distribution centre was announced almost two years ago.

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DHL storms ahead with 79% operating profit jump

Posted by | Nov 14, 2005 | |

Deutsche Post’s logistics division DHL has shown strong performance in the first nine months of 2005, with a 15.6% increase in turnover to EUR5.7bn (USD6.6bn) and operating profits of EUR221m, up 79.7% year-on-year. ‘We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,’ chief executive Klaus Zumwinkel said. Of the logistics division’s turnover, DP’s freight business DHL Danzas Air ‘ Ocean contributed some EUR4.1bn, up 14.1%.

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Business Post Group plc – interim results and current trading

Posted by | Nov 14, 2005 | |

Business Post announces results for the half year ended 30 September 2005 in line with the trading statement of 21 September 2005, which highlighted a below-expectations performance by Express and the franchise network, together with successful trading in the rest of the Group. Financial highlights include: turnover increased by 21% to GBP133.0m, profit before tax and exceptional item totalled GBP6.2m (2004: GBP8.6m), impacted by the difficult economic conditions and reported pre-tax profit was GBP3.0m (2004: GBP8.6m). Parcel Services (Express, International and HomeServe) increased revenue by 8.6% to GBP97.7m, representing 73% of the Group total, but experienced mixed fortunes in a market that was among the most challenging in the Group’s recent history. Specialist Distribution Services (UK Pallets and Courier) made strong progress, increasing revenue by nearly 17% to GBP20.4m and UK Mail made excellent progress, increasing revenue almost six-fold, to GBP14.6m, representing 11% (2004: 2%) of the Group total.

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Lockheed Martin gets USD120M US Postal Service pact

Posted by | Nov 14, 2005 | |

Lockheed Martin said it received a contract valued at as much as USD120 million to upgrade the US Postal Service’s systems that recognize handwritten and machine-printed addresses on letter mail. Lockheed Martin and suppliers aim to boost the USPS’s ability to automatically read addresses above the current 92%, the company said. Lockheed has been working with the Postal Service on this effort for 10 years; the new contract continues their collaboration.

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Government to grant Royal Mail’s wish list

Posted by | Nov 13, 2005 | |

The Government is set to inject around pounds 2bn to help plug the Royal Mail’s gaping pension-fund deficit. Bosses at the state-owned postal service are understood to be confident that the Government has listened to their concerns about the pounds 4bn black hole in the final-salary pension scheme and that it will help out with the cash injection. In addition, although no final decision has been made, the Government is expected to back Royal Mail chairman Allan Leighton’s controversial plan to hand over 20 per cent of the business to its staff, and to green- light an investment programme of nearly pounds 2bn. The Royal Mail wants the money to improve sorting systems. It is also likely that Postcomm will soften its stance on price controls.

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Deutsche Bahn supervisory board approves planned Bax buy

Posted by | Nov 13, 2005 | |

Deutsche Bahn AG’s supervisory board yesterday approved plans to acquire US logistics firm Bax Global in a move designed to strengthen the company’s international freight operations, sources said. Bax, a unit of US security company Brink’s, could cost Deutsche Bahn up to 1 bln eur, the sources said. It has around 12,000 staff and deals mainly in air and sea freight. The move would help Deutsche Bahn strengthen its logistics arm Schenker.

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