International logistics service provider Tibbett & Britten has succeeded in its bid to acquire German reverse logistics specialist, Vfw AG.
The Group has received acceptances totalling over 91% of the shares in the privately owned German company, and the acquisition has been cleared by the national competition authority.
Read MoreDHL will operate a short-haul freighter service between London and key European destinations for British Airways World Cargo, BA announced. The daily 757 service, will boost by 50% the number of containers and pallets that BA can fly from continental Europe to London, said BA spokesman James Healy. DHL previously operated an Airbus freighter nightly from its hub in Brussels to London’s Heathrow Airport. That freighter connected with DHL feeder flights around the continent.
Read MoreDHL intends to carry out a multi-million dinar investment in the region and expand its hub in Bahrain for new operations to Iraq and Afghanistan.
According to Middle East area director, Philip Couchman, DHL’s air fleet has been doubled from seven to fourteen in one year, and the company’s road fleet has also expanded from seven trailers last year to 22 this year, and will double to 44 next year.
Read MoreFedEx Express, a subsidiary of FedEx Corp, announced that it will establish a new, regional headquarters in Shanghai. The structure will provide broader expertise, expanded resources and service offerings to mainland customers as a part of the company’s long-term commitment to China.
FedEx serves more than 220 cities in China and plans to increase that number by 100 over the next five years. The new regional structure will enable the company to be more responsive to the needs of its customers in and serving China.
Read MoreDHL has announced that its joint venture with Chinese logistics firm Sinotrans will invest a further USD200m in expanding business in China, as part of a five-year investment plan to take advantage of the country’s booming logistics sector.
“The wide-ranging expansion program will add significantly to DHL’s ongoing investments in China,” said Uwe Doerken, CEO of DHL Express, in a statement released prior to a news conference.
Read MoreExperienced LYNX Express Executive Bill Reid has been appointed director of the company’s new ‘LYNX@Home’ division.
‘LYNX@Home’ is a partnership with the established LYNX partner Redcats who provide a ‘last mile’ courier service through 2,000 strong Courier Link home delivery agents. Leveraging off the complementary business strengths of the LYNX network and the Redcats home delivery agents, ‘LYNX@Home’ is able to offer a wider range of distribution solutions its customers. The new service offers fulfillment houses and internet based companies the opportunity to expand into the home delivery market with the confidence that the distribution element of their business will be in good hands.
Read MorePeter Bakker, CEO said: Given the economic background, the results delivered by Mail and Express in the third quarter are outstanding achievements. Although the earnings in Logistics are still depressed, underlying performance has been stabilised. Highlights include solid improvement in free cash flow, excellent performances in Mail and Express, offset by lower earnings in Logistics, good progress in execution of Logistics transformation plan, goodwill impairment charge and asset write downs of EUR193 million in line with preliminary estimates leading to negative net income for quarter with the outlook for 2003 full year unchanged.
Read MoreSince the 1980s, Australia Post has transformed itself from a dowdy utility, with poor technology and worse industrial relations, into a model government business with a chief executive, Graeme John , who earns nearly $2 million. Now it is time to let this state-owned Cinderella face its competitors without artificial props.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
