Author: Archive

DHL to Invest USD50m in development of business in Russia

Posted by | Oct 24, 2005 | |

DHL is going to invest USD50 million in development of its business in Russia. According to General Director of DHL in the CIS, Frank-Eaves Underer, the Russian market is one of the most promising and rapidly growing in the world. Now its capacity is estimated at USD400 million and its annual growth exceeds 30percent. Along with this, Russia is the only country in the world where companies of the “big four” (DHL, FedEx, UPS and TNT) control less than a half of the market. For example, in the European Union countries their aggregate share approaches 80percent. According to analysts, not more than five large companies specializing in express delivery and logistics will remain in Europe in the future.

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DHL to open 350 service points in Netherlands 2006

Posted by | Oct 24, 2005 | |

DHL will open 350 service points in the Netherlands in January 2006.

These are manned counters, mainly in supermarkets, train stations and shops, where private clients and companies can bring and take packages.

DHL signed already a contract with Dutch video chain Videoland for the placement of service points. Furthermore, agreements will be reached with retailers such as bakers, animal shops and other small companies. DHL has service points in seven European countries, including England, Sweden, Spain and Italy. DHL plans to invest over 1.0 bln euro (USD1.2 bln) over the coming years in Europe, including in infrastructure, IT development and customer services. DHL plans to expand its network to 30,000 customer contact points by the end of 2008. A year before that, there will be some 20,000 contact points.

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DHL to merge Hungarian units

Posted by | Oct 24, 2005 | |

Express delivery company DHL will merge its two units in Hungary next year, DHL Express Magyarorszag marketing manager Joseph Borocz said.

The two units, DHL Express Magyarorszag and DHL Nemzetkozi es Logisztikai, have operated in unison since 2002, when Deutsche Post World Net acquired 100pc of DHL.

DHL Express Magyarorszag had revenue of HUF 17.9bn in 2004. This year the company expects revenue of HUF 19.3bn, and it targets revenue of HUF 20.3bn in 2006. DHL Magyarorszag made 1.3m deliveries in 2004. It expects to make 1.4m this year and 2m in 2006.

DHL Express Magyarorszag started making deliveries outside of Hungary a year ago. Mr Borocz noted that, while just four other companies offer express delivery outside of Hungary — TNT, UPS, FedEx and Magyar Posta — there are hundreds of smaller companies which compete on the market for deliveries inside Hungary.

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UPS agrees to end cigarette deliveries

Posted by | Oct 24, 2005 | |

UPS will stop delivering cigarettes to individuals in the United States under an agreement announced Monday with state Attorney General Eliot Spitzer.

The agreement is the latest in federal and state efforts to combat the sale of under-taxed cigarette and to fight underage smoking.
Monday’s agreement leaves only the U.S. Postal Service among major carriers to continue to deliver cigarettes to individuals, Spitzer said. He called that practice “an embarrassment.”

Despite a new policy adopted by the Postal Service in September to refuse delivery of illegal products, the federal service allows employees to accept packages suspected of containing under-taxed cigarettes, Spitzer said.

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Citigroup and DTB GmbH co-owners of a Russian National Logistics Company (NLC)

Posted by | Oct 24, 2005 | |

It is not the first time when foreigners show interest in the Russian market of storage and logistics services and delivery. In 2004, GeoPost and Yurtici Kargo bought a Russian company Armadillo and Armadillo Biznes Posylka established by Armadillo together with Posten AB.

Businessmen Sergey Grishin, Andrei Suzdaltsev, and Ilya Brodsky decreased their stakes in NLCI, which owns assets of NLC, from 100percent to 62percent. They plan to invest USD50 million derived from the sale in the development of a regional network and in new projects of NLC. According to Ilya Brodsky, NLC, which capitalisation will increase thanks to investments of new stockholders, may be sold to a strategic investor in 3-5 years.

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Deutsche Post management confirms full-year 05 Group guidance

Posted by | Oct 24, 2005 | |

In the context of the Offering Document, which is now being posted to Exel shareholders, the Board of Deutsche Post confirms the forecast that current year operating profit (EBIT) will be at least Euro 3.6 billion. Correspondingly, the Board of Deutsche Post forecasts that the consolidated net profits will exceed those of the previous year by at least Euro 500 million.
The profit forecast for the full year 2005 is based on the interim financial results for the six months ended 30 June 2005, the management accounts for the two months ended 31 August 2005 and the Board of Deutsche Post’s forecast of results for the six months ending 31 December 2005.

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FedEx Ground continues national expansion with new Hagerstown, Maryland hub

Posted by | Oct 24, 2005 | |

FedEx Ground has opened a new 325,000-square-foot distribution hub in Hagerstown, Maryland. Today, Maryland Gov. Robert L. Ehrlich, Jr., will join local customers and Washington County officials to celebrate the facility opening. The Hagerstown hub is one of nine hubs to open as part of a network expansion plan that will include the relocation or expansion of more than 290 pickup and delivery terminals through 2010. The nationwide expansion will boost the company’s current average daily pickup capacity by nearly 70 percent over the next five years. This summer, FedEx Ground also opened hubs in Cincinnati, Ohio, and Dallas, Texas. A fourth new hub, under construction near Memphis, Tenn., will begin operations in 2006.

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French Banque Postale forced to alter applicaction for future bank

Posted by | Oct 24, 2005 | |

La Poste is expected to be forced to carry out some alterations to its application for approval of its future banking subsidiary, La Banque Postale, owing to an exceptional contribution of 2bn euros which will have to be paid to the state as part of the 2006 budget in connection with future and current retirement pensions for postal employees with civil servant status. In the application, La Poste mentions service agreements, which define its relations with the future bank from a legal and from a business point of view. In order to comply with competition law, it is envisaged that La Banque Postale will repay all costs which the parent company shoulders to assure the functioning of its banking subsidiary.

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