Author: Archive

Deutsche Post CEO says Postbank IPO draws ‘good’ response from investors

Posted by | Jun 7, 2004 | |

Postbank AG’s IPO has attracted a ‘good’ response from investors, with foreign funds showing a ‘considerable’ degree of interest during the pre-marketing period, Deutsche Post World Net AG management board chairman Klaus Zumwinkel told reporters.

In a news conference marking the start of the subscription period for the IPO of Deutsche Post’s banking unit Postbank, Zumwinkel said there was also ‘huge interest’ from private investors and Postbank employees for the planned share sale on June 21.

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UTi Worldwide acquires international healthcare distributors

Posted by | Jun 7, 2004 | |

UTi Worldwide Inc. have announced that a partnership, 74.9% owned by UTi and 25.1% to be owned by a South African black economic empowerment organization, has completed the acquisition of International Healthcare Distributors (Pty.) Limited (IHD) for the purchase price of $40 million in cash, including a loan of $17 million from UTi to the partnership.

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TNT Logistics wins contract from BDF Nivea

Posted by | Jun 7, 2004 | |

TNT Logistics has won a contract from BDF Nivea, part of the beauty products company Beiersdorf, in Brazil. The logistics company will take over reception, checking, storage, separation, shipping and distribution management activities for all finished Nivea brand imported or domestic products made at the Itatiba plant in the state of São Paulo (SP), Brazil.

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FedEx extends Philippine lease

Posted by | Jun 7, 2004 | |

Fedex Express has extended the lease on its Asia-Pacific hub at Subic Bay, also signing an option to expand to the former Clark air base north of Manila in the Philippines, writes Keith Wallis in Hong Kong. Under the deals FedEx Express, the air express offshoot of one of the world’s largest transport companies, said the lease at Subic had been extended for another three years to 2010. The company also has an option to extend for a further period. FedEx has also signed an agreement with Clark International Airport Corporation that gives it a non-binding option to a 50 hectare site at the base, now renamed Diosdado Macapagal International Airport, until 2008. FedEx Express denied some media reports that relocating operations from Subic Bay to Diosdado Macapagal would cost it USD450m. But it declined to give further financial details before the release of group fourth quarter and full year results in about another three weeks.

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Success in the Far East is a matter of orientation

Posted by | Jun 7, 2004 | |

The rewards for whoever gets logistics right in Asia are going to be huge.
For DHL, which already boasts regional revenue of US$2bn, the challenge is to present one name, one colour scheme, but many local faces to current and potential customers.

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DHL extends reach in Asia

Posted by | Jun 7, 2004 | |

DHL is continuing its expansion in Asia with the launch of a six-times-weekly Shanghai freighter from its Hong Kong regional hub.

The 35-tonne payload A300B4 freighter begins operating on 15 June through the integrator’s partnership with local carrier Dragonair.

DHL currently serves the route via belly capacity offered by Dragonair passenger services.

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DHL to raise China investment 7.5percent to USD215 mln

Posted by | Jun 7, 2004 | |

DHL Worldwide Express, a unit of Deutsche Post, said it plans to inject a further 15 mln usd in China to build more logistics centers.

The paper quoted Mark Ting, deputy managing director of DHL’s joint venture DHL-Sinotrans, as saying the new funds will raise the company’s total investment in China to 215 mln usd.

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Japanese Yamato Transport edging nearer mail market

Posted by | Jun 7, 2004 | |

Moving closer to head-on competition with Japan Post, Yamato Transport Co. has started collecting printed matter at convenience stores for its “mail” service, hoping to make inroads in the consumer market.

This may result in the leading door-to-door parcel-delivery service firm handling first-class mail “inadvertently” in violation of the mail law, which limits such handling to Japan Post. Yamato could wage a guerrilla war through legal loopholes as its frustration with the post office grows.

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