Author: Archive

DHL eyeing airport ecozone in Philippines

Posted by | Aug 2, 2004 | |

Global logistics company DHL wants the government to declare part of the Ninoy Aquino International Airport (NAIA) as a special economic zone where businesses will be entitled to various incentives, a reliable source said over the weekend.

DHL Worldwide Express (Philippines), Inc. aims to convert a property close to the airport into an ecozone but “it is not big enough to qualify” under Philippine Economic Zone Authority (PEZA) rules, the source said.

Because of this, authorities are considering various options, first of which is to combine an airport lot owned by the Manila International Airport Administration or MIAA and the DHL property.

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DHL sees express logistics market share in Asia growing 1-2 pct annually

Posted by | Aug 2, 2004 | |

DHL said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations. ‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.

Mullen said the company’s share of the Asia Pacific express logistics market currently stands at about 40 pct with FedEX having a 29 pct market share and UPS and TNT Express with 19 pct and 12 pct, respectively.

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DHL sees Asian express logistics market share grow 1-2percent

Posted by | Aug 2, 2004 | |

DHL, which Deutsche Post World Net AG wholly owns, said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations.

‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.

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RR Donnelley agrees to sell package logistics business

Posted by | Aug 2, 2004 | |

R.R. Donnelley & Sons Company has announced that it has reached an agreement to sell its package logistics business to Heritage Partners, Inc., a Boston-based private equity firm that is the principal owner of American Package Express (“APX”). The agreement is subject to regulatory approval and is expected to close by the end of the third quarter, 2004.

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Strong TPG Operating Income Growth

Posted by | Aug 2, 2004 | |

TPG announces record second quarter margins in Mail and Express. CEO Peter Bakker commented: “I am pleased with the increase of almost 31% in operating income over the second quarter as it underlines excellent execution in our businesses. These strong results are achieved in economic conditions that are getting better but are still mixed, looking at our different geographical markets and sectors. With an improved outlook in Mail and Express, TPG is able to reiterate with increasing confidence that good improvements in operating and net income will be achieved in 2004.” Highlights include operating income up 30.8% in second quarter, record second quarter margins in Mail and Express, Logistics turnaround on track, net income up 31.5%, free cash flow up EUR39 million and interim dividend up 11% to EUR 0.20 per share.

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Deutsche Post World Net reports strong first half 2004

Posted by | Aug 2, 2004 | |

Deutsche Post World Net reported a strong first half: Profit from operating activities (EBITA) rose by 14.5% to 1.682 billion euros. Consolidated net profit rose 10.9% to 721 million euros. Earnings per share increased to 0.65 euros. Second-quarter EBITA increased by 45.2 percent to 752 million euros, while second-quarter net profit nearly doubled to 280 million euros. Group revenue rose by 9.6 percent to about 21 billion euros in the first half-year of 2004. Revenue grew by 11.6 percent to 10.5 billion euros in the second quarter. The share of revenue generated outside of Germany rose by some 27 percent in the first half to about 9.9 billion euros, comprising nearly 47 percent of total group revenue. “We are very satisfied with our earnings performance this year, particularly the increases we were able to register in the second quarter,” said Klaus Zumwinkel, Chairman of the Management Board. “Our internationalization strategy is beginning to contribute handsomely to our overall results and we are competing vigorously throughout the world.”

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Alliance closes European circle for pallet clients

Posted by | Aug 2, 2004 | |

Pallet network Pall-Ex has formed a strategic alliance with Hellmann Worldwide Logistics to give its members and customers pan-European coverage.
Pall-Ex has existing partners in Germany, Scandinavia and Spain and has been trunking into Europe on an ad hoc basis. From 2 August, it will offer a scheduled five-nights-a-week service available for quarter, half and full pallets.

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