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DHL announces USD150mn in investments in Mexico

Posted by | Nov 11, 2004 | |

DHL announced Wednesday that it will invest a total of USD150 million in Mexico to increase the size of its fleet, remodel its operating and express centers, improve communications schemes, customer relations and publicity. The company is still the number one delivery firm in Mexico despite the fierce competition in the market. It has a quarter of the local market. Leticia Navarro, director general of DHL in Mexico, said that the firm has managed to expand its network to 228 countries, which means that it now serves 650,000 destinations and has 71,000 workers around the globe. In Mexico alone, DHL has 25,000 employees working in 140 express centers.

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Stofords call in administrator but business survives with Pall-Ex shareholding

Posted by | Nov 11, 2004 | |

Stoford Transport closed its doors last weekend, blaming soaring driver agency and fuel costs that could not be fully recovered from customers. Directors of the (pounds sterling)10m firm salvaged the Pall-Ex franchise business in Devon, which is profitable, forming a joint venture in which Pall-Ex is a minority shareholder. The former head office telephone was being answered as “Pall-Ex South West” this week. Stoford directors Chris and Roger Tancock are directors of Pall-Ex South West, Roger as MD. In addition, Chris is joining the board of Pall-Ex, with involvement in network development

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German postal workers reject part-time contracts

Posted by | Nov 11, 2004 | |

German postal service provider Deutsche Post has met with resistance from the union Ver.di over plans to introduce part-time only work in its letter delivery division. Deutsche Post, which currently employs more than 65,000 post men and women, says part-time contracts are the only way to reduce costs and make Deutsche Post more competitive before the group loses its current letter delivery monopoly in Germany in 2007. Europe’s largest postal group is contractually bound to guarantee jobs until 31 March 2008, putting redundancies out of the question as a cost-cutting measure.

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EU urges Japan to liberalize postal services

Posted by | Nov 11, 2004 | |

The European Union on Thursday urged Japan to reform its huge postal service that the EU says has an unfair edge over private-sector companies, Jiji Press reported. In high-level financial talks between the two sides, Japan gave assurances that the nation’s postal delivery, banking and insurance businesses, once privatized, would be treated as private firms, the news agency said.
Privatization of the massive post office, which manages some 355 trln yen in savings and insurance funds, is a cherished project of Prime Minister Junichiro Koizumi. The EU also expressed objection to Tokyo’s plans to restrict the sale of prepaid mobile phone cards, which are widely used in the EU but also used by scam artists in Japan.

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TPG acquires remaining 50% stake in unaddressed mail network Höfinger Haushaltswerbung in Germany

Posted by | Nov 11, 2004 | |

TPG NV, through its subsidiary TPG Post Holdings (Deutschland) GmbH in Germany, has acquired the remaining 50% stake in Höfinger Haushaltswerbung GmbH. Höfinger provides services for unaddressed mail in the federal state of Baden-Württemberg in southern Germany. TPG had previously obtained a 50% stake in Höfinger at the end of 2001. In 2003 Höfinger Haushaltswerbung had annual revenues of EUR7.3 million and delivered 215 million leaflets. Acquisition of the company gives TPG Post complete access to a network of 2,500 deliverers that reach approximately one million households in the Stuttgart area. “The takeover of Höfinger allows TPG Post to build further on its coverage and finely-meshed network in the German market for unaddressed mail,” said Harry Koorstra, Group Managing Director of TPG Post. “Expansion of our network is a cornerstone of TPG Post’s strategy to become the second largest postal company in Germany and Europe’s first truly pan-European postal company.”

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More UPS freight forwarding buys possible – CFO

Posted by | Nov 10, 2004 | |

United Parcel Service Inc. Chief Financial Officer Scott Davis said on Wednesday future acquisitions in the freight forwarding arena are possible in coming years. Davis said on a Webcast of a transportation conference held by Citigroup’s Smith Barney unit that UPS was always looking to fortify its network by, for example, adding domestic freight forwarding capacity in the United States.

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DHL streamlining to impact ABX Air revenues

Posted by | Nov 10, 2004 | |

ABX Air, the one-year-old air cargo airline spun off from courier Airborne Express following the merger with DHL in 2003, said it expects to lose USD86 million to USD96 million in gross revenue in 2005 as a result of route restructuring by primary customer DHL. Airborne was forced to spin off its in-house airline to comply with U.S. corporate citizenship laws for owning domestic airlines. DHL retained ABX as its main air carrier, along with Astar Air Cargo, formerly DHL Airways. DHL notified ABX that it no longer would require airlift on 22 routes provided by 26 aircraft. Seven of the 26 aircraft are to be removed from service in January, with the remaining 19 aircraft removed by the end of 2005. The projected revenue reductions include money the airline made from marking up expenses to operate its planes. ABX said annual net income would take a hit in the range of USD800,000 to USD1.5 million.

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Yamato Transport’s 1st-half net profit jumps 2.5-fold

Posted by | Nov 10, 2004 | |

Japan’s largest parcel delivery service company Yamato Transport Co. said Tuesday its group net profit in April-September soared 2.58 times from a year before to 16,569 million yen. The brisk result in the first six months of fiscal 2004 was attributable to sales growth and pension-related gains, Yamato Transport officials said. The company saw an increase in costs to beef up its services to survive competition with Japan Post, a public corporation. But it could reduce costs in many other segments, the officials said.

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