Author: Archive

DHL, MSD to alleviate river blindness

Posted by | Aug 7, 2005 | |

Patients suffering from river blindness and lymphatic filariasis in Africa, Latin America and Middle East may soon heave a sigh of relief, following an agreement reached between DHL and Merik Sharp and Dohme (MSD) to facilitate the delivery of Mectizan to those continents.

A statement signed by DHL’s communications Manager, Daniela Peter said the development would hold a lot of hope to those regions.

Under the new arrangement, which was signed last week DHL will offer at-cost shipping of MECTIZAN from MSD’s facility in Clermont-Ferrand, France to endemic countries through DHL’s reliable air express services. The new agreement builds upon an existing relationship between DHL and MSD and combines the core capabilities of the two companies to ensure rapid and flexible delivery of the drug.

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UPS completes acquisition of Overnite

Posted by | Aug 5, 2005 | |

UPS today announced it has completed the acquisition of Overnite Corporation for USD43.25 per share, or approximately USD1.25 billion in an all-cash transaction. Overnite shareholders approved the transaction yesterday. Based in Richmond, Va., Overnite reported net income of USD63.3 million in 2004 on revenue of USD1.65 billion. The carrier serves more than 60,000 customers in the less-than-truckload (LTL) and truckload (TL) segments. It has operations in the U.S., Canada, Mexico, Puerto Rico, Guam and the U.S. Virgin Islands.

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UK postal chiefs in dark over Bain official remit

Posted by | Aug 5, 2005 | |

The postal industry is calling for an official summit with newly appointed Government adviser Sir George Bain, who will scrutinise key proposals in the run up to market liberalisation. Despite overwhelming industry support for his appointment, the postal sector claims it is still in the dark about the extent of Bain’s remit. Nigel Stapleton, chairman of Postcomm, states: “It is not clear whether this is a review or something much less formal.” A Department of Trade & Industry spokesman explains: “He will be examining the relationships between Royal Mail, its regulators and unions, ensuring a strong working partnership.”

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Bain seeks to end pain at Royal Mail

Posted by | Aug 5, 2005 | |

In his new role as chief Government adviser on Royal Mail, Sir George Bain has broad industry support. But he has his work cut out as critics of pricing in proportion keep up the pressure. Two weeks ago, Alan Johnson, Secretary of State for the Department of Trade & Industry (DTI), raised a few eyebrows by announcing that Canadian-born Sir George Bain would assist ministers with key postal issues. He had been expected to call an independent review of Postcomm’s proposal to open up the market to competition ahead of the rest of Europe.
This week, however, Bain appears to be riding a wave of overwhelming support from the postal sector. A Communication Workers Union spokesman comments: “The Government has clearly recognised that there needs to be a more honest appraisal of Postcomm’s proposals.” It is a sentiment echoed by Institute of Practitioners in Advertising head of direct marketing David Payne: “Postcomm’s actions are significant, and, while Postwatch is doing a great job, there is a need for the Government to oversee key decisions.

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US Overnite investors accept UPS offer

Posted by | Aug 5, 2005 | |

Shareholders of trucking company Overnite Corp. on Thursday overwhelmingly approved a proposed USD1.25 billion acquisition by UPS Inc., the world’s largest package delivery company.

The cash transaction, which values Overnite shares at USD43.25, is scheduled to close Friday. The buyout already has been approved by the Federal Trade Commission.

The combination will expand UPS’ ground transportation in North America. As a result, Atlanta-based UPS will become a top motor freight carrier and will better compete against rivals such as FedEx Corp.

Both UPS and Overnite agreed to the deal on May 15.

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Air India seeks private partnership in cargo business

Posted by | Aug 5, 2005 | |

With plans of roping in a strategic partner, flag carrier Air-India (A-I) is set to begin discussions with air cargo majors, like Federal Express, DHL and UPS. This is apart from the cargo arms of international carriers, like British Airways, Lufthansa and Air France.

The carrier would be looking at two possible options, where it could either float a JV company with equal public-private equity partnership or sell 50 percent stake after hiving-off its Rs 600-crore cargo business into a separate subsidiary.

Confirming the move, the union minister for civil aviation, Praful Patel said to ToI, “A-I’s cargo business can be turned into a big time revenue earning stream. Along with the growth in passenger traffic, primarily driven by economic growth, the air cargo business is turning out to be a lucrative business proposition.”

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UK Royal Mail Offers GBP400 Bonuses

Posted by | Aug 4, 2005 | |

The Royal Mail is to pay postal workers a pounds 400 bonus if profits reach pounds 600m in the current financial year. The “share in success” scheme will include all 195,000 delivery, sorting office and counter staff. Employees were given details of the proposed bonus yesterday, although the Royal Mail warned it faced a “challenging” year as it gears up for full-blown competition. The organization made an operating profit of pounds 537m in the last financial year.

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DHL sees Asia-Pacific surge

Posted by | Aug 4, 2005 | |

DHL’s Asia Pacific revenues grew 19 percent to 1.9 billion euros in the January-June period from a year ago, and the company predicted they would remain strong. DHL, a unit of Germany’s Deutsche Post, has invested 1.4 billion dollars in the region since 2000 to boost its infrastructure and plans to spend more if needed, company officials said in a media briefing. Asia-Pacific is DHL’s fastest-growing region. DHL said the region’s transport market is now worth 700 billion dollars and is expected to top 1.3 trillion dollars by 2020. DHL has regional hubs in Bangkok, Hong Kong, Seoul, Singapore, Sydney and Tokyo. Revenues from Asia-Pacific totaled more than 4.2 billion dollars in 2004. The company also said it has no plans to increase its 5 percent stake in Sinotrans, China’ state-owned forwarder. A 50-year partnership between DHL and Sinotrans’ parent, Sinotrans Group, still has more than 30 years to run.

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