Author: Archive

TNT helps lorry group to double its profits

Posted by | Mar 1, 2005 | |

Dutch delivery and logistics group TPG – which also operates TNT in the UK – has delivered the highest net profit in its history, helped by the restructuring of its logistics division and by higher margins in its TNT express business.
TNT, which has a turnover of approximately pounds 750 million in the UK, has a high presence in the West Midlands. The region is home to the company’s UK headquarters in Atherstone as well as the largest UK depot at Network Park in Saltley, Birmingham.

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Deutsche Post in 2004 increases revenue and earnings

Posted by | Mar 1, 2005 | |

Deutsche Post World Net posted a 7.9 percent sales increase to about 43.17 billion euros in 2004 and fully met its earnings targets. At about 3.35 billion euros, Group operating profit (EBITA) was 12.5 percent higher than a year earlier, the upper end of the forecast range. Group net income rose by 21.3 percent to about 1.59 billion euros, or 1.43 euros per share. That compares with 1.18 euros per share in 2003. The Group tax rate was 20 percent in 2004. The company reaffirmed its EBITA-target of at least 3.6 billion euros for 2005.
“Over the past 10 years, the group has been focusing on privatization and internationalization. Our latest results show how far we have come in this process. We want to share the financial rewards of this development with our shareholders,” said Chief Financial Officer Edgar Ernst.

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The changing shape of the air cargo market

Posted by | Mar 1, 2005 | |

The early, and somewhat unexpected, success of the Airbus A380F freighter
>program could prompt a major rethinking of the way the cargo aircraft
>market, estimated to be worth around $ 130 billion over the next 20 years,
>will develop.
>There is one area where Airbus and Boeing broadly agree: At current rates
>of growth, the world will need around 725 new all-cargo aircraft by 2023.
>Both companies also agree that widebody aircraft will represent about 60%
>of the all-freighter fleet by 2022, and only disagree slightly on how this
>number will be reached — with Boeing suggesting more
>passenger-to-freighter conversions, rather than all-new cargo aircraft
>sales.

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DHL forecasts 100 per cent jump in regional express business in five years

Posted by | Feb 28, 2005 | |

Drawing on an unprecedented region-wide analysis (six markets: UAE, Kuwait, Qatar, KSA, Bahrain and Lebanon), the Deutsche Post World Net (DPWN) subsidiary forecast that the current Euros 218 million (AED 1.1 billion, USD291 million) Middle East express market will grow to Euros 400 million (AED 2 billion, USD533 million) by 2010. DHL currently has nearly 50 per cent of the express market and with its own growth rates exceeding 20 per cent a year is confident of an increasingly impressive slice of the cake. The express sector, predominantly the fast-moving documents and parcels end of the wider logistics and freight industry, is one of DHL’s core markets. In an exclusive media preview of the figures in Dubai today Phil Couchman, DHL’s Regional Director for the Middle East, said: ‘We are extremely pleased with the results of the research. DHL, the region’s dominant logistics and express operator, today released figures that reveal its Middle East express business could double in the next five years on the back of runaway growth that far outstrips world averages.

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Transportes Azkar targets 8 pct sales, EBITDA growth in 2005 vs 2004

Posted by | Feb 28, 2005 | |

Transportes Azkar SA said it is targeting sales and EBITDA to grow 8 pct in 2005 from 2004, when sales rose 12 pct to 315 mln eur from a year earlier on an 8.39 pct rise in EBITDA to 43 mln eur.

In a presentation, the logistics group said it expects 2005 pretax profit to grow 15 pct compared to previous forecasts for 12-14 pct growth, while increasing its investments forecasts for this year to 25 mln eur from the previous 15-20 mln eur earmarked.

In a separate statement, Azkar said net profit fell to 16.6 mln eur in the full year to Dec 31 from 18.5 mln a year earlier, due to 1.36 mln eur less of one time gains booked in 2004.

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Airlines seek USPS Reinstatement

Posted by | Feb 28, 2005 | |

American Airlines and US Airways hope to quickly resolve their differences with the U.S. Postal Service and return to hauling domestic mail. Citing poor service, the Postal Service this month stopped using the two airlines to carry domestic mail until service improved, USPS spokesman Jim Quirk said. Click to Enlarge At least one of the carriers is conferring with Postal Service officials daily about a program to improve its service, an industry source said. Under contracts awarded to the airlines in 2003, the Postal Service imposed strict on-time standards, which are monitored by a tracking system. Failure to meet those standards for any route could result in the airline losing business to competitors. In addition to American and US Airways, 16 other companies were awarded contracts.

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