Author: Archive

DOT makes final the award of new China flights to UPS

Posted by | Apr 1, 2005 | |

The US Department of Transportation today granted final authorization for UPS to expand its air operations to and from China. The DOT issued a Final Order granting UPS three additional frequencies per week to serve China, starting in 2006. The additional flights will allow UPS to continue growing its business throughout the region, providing services ranging from express delivery to general freight. UPS currently flies from the United States to China 12 times per week and will expand that number to 18 this year. Today’s decision grants UPS two additional frequencies to Shanghai and one new frequency to Guangzhou, effective next year.

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French Xaap Finance to buy 70 percent in TAT Express

Posted by | Apr 1, 2005 | |

French holding company Xaap Finance, controlled by the Papot family, will acquire a 70 pct stake in the capital of local TAT Express, the express freight transport subsidiary of French national post office La Poste, it was reported on March 31, 2005.

Xaap Finance holding will be headed by Philippe Papot, who is also president of the supervising board of French Groupe Multipap, specialised in desktop and computer-aided publishing.

TAT Express has 1,500 employees and is a subsidiary of GeoPost, the holding which regroups the main French and European parcels trademarks of La Poste group. TAT Express was founded in 1976 and since 1994 has been part of La Poste group. TAT Express has an annual turnover of 175 mln euro (USD226.7 mln) but registered a net loss for 2003, accounting for 8.84 pct of its annual turnover.

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Palletforce targets Scottish market

Posted by | Apr 1, 2005 | |

PalletFORCE is planning to shake up the Scottish pallet distribution market with a substantial increase in its presence across the country, including a new depot in Glasgow and two well-known new members. Existing member Wm Armstrong is opening a new depot near Glasgow and has been joined in the network by two new members Gordon Leslie Distribution, based near Paisley, and JBT, located in Aberdeen and Inverness, with additional depots on the Shetland and Orkney islands. Coverage in Scotland is completed by one of PalletFORCE’s founder members Glenhire Express, based in Fife.

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Post offices target key role in financial services delivery

Posted by | Apr 1, 2005 | |

Given postal service operators’ extensive branch networks, the provision of financial services is a natural choice for those operators seeking to diversify their revenue streams and fulfil government obligations to provide universal banking services. New research from VRL Publishing* reviews the evolving role played by post offices in the distribution of retail financial services and the opportunities and threats posed to traditional bank providers.

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Strength in numbers is major plank in Pallet Systems success

Posted by | Mar 31, 2005 | |

Membership of one of Europe’s fastest-growing pallet freight systems has been the spur for major growth at a Black Country business.

Pallet Systems has opened an 8,000 sq ft operations centre in Wednesbury and a head office at Darlaston’s Metro House.

For the past two years the company has been a member of Palletways, a UK-based network based at a 350,000 sq ft hub in Lichfield and a membership of around 100logistics organisations. By joining forces the companies are able to bring together small volume loads to make more economic use of a combined transport fleet of vans and lorries.

Pallet Systems considers itself one of Palletways’ success stories and has continued to go from strength to strength.

In addition to new premises, it has also recently appointed two new business managers, a new invoice clerk and two customer service operatives.

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TNT Express in Czech Republic raises sales, profit in 2004

Posted by | Mar 31, 2005 | |

Czech express delivery service TNT Express increased sales by 30.8 per cent to EUR17.7m (some Kc532m) last year, CEO for the Czech Republic Petr Chvatal told a news conference today. Gross profit went up by almost 62 per cent to EUR3.3m (some Kc100m), Chvatal said. The company expects sales to increase to EUR20m (Kc600m) and profit to EUR4m (Kc120m) this year. Sales on the entire Czech express delivery market amount to an estimated Kc4bn. Around 1.5 million consignments are dispatched annually, with the market growing by around ten per cent a year, Chvatal said.

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