Author: Archive

FedEx US says economic growth ‘steady’

Posted by | May 12, 2005 | |

FedEx Corp. has reaffirmed its earnings outlook for the fourth quarter, saying it continues to see steady economic growth across the U.S. and internationally.

The current average estimate of analysts polled by Thomson First Call is for earnings of USD1.48 a share in the May period.

“The overall strength of the economy, and in particular the strength in the manufacturing and wholesale sectors, should continue to benefit FedEx going forward,” said Frederick Smith, the company’s chairman, president and CEO.

FedEx stock fell 1.2percent on Thursday to USD86.51. So far this year, the company’s shares are down 11percent but are off just over 3percent in the last 30 days.

The announcement comes one day after United Parcel Service UPS backed its earnings outlook for 2005 and said that the company’s domestic business is growing. See full story.

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SNAS/DHL makes major investment to upgrade services in UAE

Posted by | May 12, 2005 | |

The company will operate the 727 jet among Bahrain, Dubai, Riyadh and Jeddah six days a week which will greatly reduce the transit time for deliveries of documents, parcels and heavyweight shipments, substantially increasing SNAS/DHL’s load capacity into KSA.

Samir Al-Judaibi, Air Operations and Gateways Manager from SNAS/DHL commented: ‘SNAS/DHL has been working towards this major step forward for more than a year and we are delighted that our daily flight service is now operational.” Al-Judaibi added, ‘By routing the flights via Dubai we can include shipments from the UAE, making this fast new service even more effective and convenient for our customers in the Kingdom. In addition, the new service gives a tremendous boost to our existing high load lifting capacity to 20 tonnes daily.’

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DHL Latvia Express Deliveries Co revenues 2 percent down

Posted by | May 12, 2005 | |

Revenues of DHL Latvia express deliveries and logistics services company shrunk in by 2 percent from the previous year to approximately 13 million euros in 2004.

DHL Latvia sales and marketing head Marite Virbale told BNS that the company’s postal service has been profitable, however, she declined to reveal the size of the profit.

Virbale said the company’s revenues declined last year, because, after Latvia’s accession to the EU, many companies no longer needed brokers’ services. However, generally last year has been successful for DHL Latvia, as it introduced several new products on the market.

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Helge Israelsen wins the Industry Leadership Award at the World Mail Awards

Posted by | May 12, 2005 | |

Helge Israelsen, CEO of Post Danmark, received the Industry Leadership Award at the 2005 World Mail Awards in Brussels on May 11. The award is sponsored by Pitney Bowes Inc. and was presented by Luis A. Jimenez, the company’s senior vice president and chief strategy officer.

Mr. Israelsen was recognized for guiding Post Danmark with consistent, sustained leadership over a ten-year period as chief executive officer. His accomplishments are in large part, responsible for Post Danmark recently receiving the Danish Quality Award for excellence and high quality of service. In addition, he serves as chairman of the board of directors of the International Post Corporation.

In accepting the award, Mr. Israelsen said, “Working for the Post is always challenging, never boring, because it is a business about people serving people.”

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France set to agree La Poste sell-of

Posted by | May 12, 2005 | |

It is crunch time for La Poste as the French parliament today prepares to give its final vote of approval to an ambitious modernisation of France’s state-owned post office, designed to prepare it for liberalisation of Europe’s postal markets. While the law on La Poste is likely to be approved without difficulty, the government has been forced to tread carefully to avoid making it into a politically divisive issue only weeks before the hotly contested French referendum on Europe’s new constitution. The law, which is already two years late by European Union standards, will open up the French postal market to competition over the next five years. It includes a variety of measures to protect the quality of service at the former monopoly and to help it survive in a more competitive market, such as setting up an independent postal regulator and, more controversially, allowing it to establish a postal bank.

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Fighting talk as UPS defends US market share

Posted by | May 12, 2005 | |

United Parcel Service yesterday vowed to defend its share of the US package delivery market against competition from FedEx and DHL, amid signs that its troubled domestic business is back on track. Mike Eskew, chairman and chief executive, said the domestic parcel business was “well ahead” of expectations in the second quarter of this year, following several months of sluggish performance. He set a long-term target for UPS to grow in the US at the same rate as the broader market, halting erosion of the company’s dominant position in its home territory. “We believe we will be growing at the market rate by the latter part of this year and that means we will be maintaining our share,” Mr Eskew told a meeting of investors in New York. The bullish comments set the stage for an intensification of the already bitter competition between UPS, FedEx and DHL in the world’s biggest package delivery market.

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Fulfilment Solutions

Posted by | May 12, 2005 | |

Presentation at WME Europe 05 by Marek Rozycki, CEO Masterlink & DPD Central Eastern Europe.
Fulfilment definition
Current practices and trends
Current services available
Masterlink services
Why CEE is the best solution
P:LibraryWME Europe 05 presentationsMarek_Rozycki.ppt

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Welcome to Belgium

Posted by | May 12, 2005 | |

Conference presentation by Johnny Thij, Chief Executive Belgian Post Group.
The Postal Environment is changing fast
The Transformation of Belgian Post
Liberalization
The New Europe
Conclusions
P:LibraryWME Europe 05 presentationsJohnny_Thijs.ppt

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