Author: Archive

UPS sees HK as key hub

Posted by | Apr 8, 2002 | |

UNITED Parcel Service (UPS), the United States express cargo company, is planning to make Chek Lap Kok its Asian hub for its flights to Europe in a move that will strengthen Hong Kong’s role as the region’s airfreight centre. Charles Adams, UPS Asia-Pacific president, told the Hong Kong iMail: “Hong Kong is a good place for Europe because there is more volume.” Speaking after the opening of the UPS transshipment hub at Diosdado Macapagal international airport (DMIA), formerly Clark airbase, about 80 kilometres north-west of Manila, Adams said UPS would use DMIA to consolidate European-bound freight from Southeast Asia. Planes would then transport this express freight to Chek Lap Kok “where we would mix it with Hong Kong cargo and match up with the rest of volumes from north Asia

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DPWN Releases 2001 Results

Posted by | Apr 8, 2002 | |

In 2001, a year marked by economic difficulties, Deutsche Post World Net has continued to pursue the successful journey it began some years ago. The Group’s revenue and profit figures surpassed the record heights achieved in 2000. Revenue rose by 2.1% to €33.4bn while profit from operating (EBITA) increased by 7.3% to some €2.6bn. At today’s press conference on the Group’s financial statements, the successful fiscal year 2001 prompted Chairman of the Board of Management Dr Klaus Zumwinkel to suggest a higher dividend for shareholders: ‘At our Annual General Meeting, thanks to our positive figures we will propose a dividend of 37 cents per share – an increase of 37%.

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FedEx picks up four major awards

Posted by | Apr 8, 2002 | |

FEDEX Express, the world’s largest express transportation company, received four major awards at the 16th Asian Freight Industry Awards 2002 organised by Cargonews Asia in Singapore recently.
The awards were for Best Air Cargo Carrier – North America, Best All Cargo Airline, Best Road Haulier (trucking) – Asia, and Best Total Logistics Operator.
The winners were chosen from nominations by 13,000 senior industry professionals throughout Asia to nominate the best companies in 37 categories denoting industry sector and the four major trading areas in the world, namely Asia, Europe, North America and the Middle East.

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Contract change clogs Norwegian parcel post

Posted by | Apr 8, 2002 | |

Packages sent through the US Postal Service (USPS) for years have been handled by the Norwegian postal service (Posten Norge). Not any more. As of January 1, the USPS contracted with a private company, General Parcel, to handle its parcel post to Europe.
A few packages are still coming through the local post, but more and more will now be handled through General Parcel and its local agent in Norway, Nor-Cargo Pakke-Trans.
That means recipients in Oslo, for example, have begun getting delivery notices that potentially involve a trip to Nor-Cargo Pakke-Trans’ terminal in Groruddalen. Not exactly as convenient as a trip to your local post office to pick up that birthday present from an auntie in America.

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Deutsche Post to keep dividend policy with 25-30 pct net distribution ratio

Posted by | Apr 8, 2002 | |

Deutsche Post AG said it will continue its dividend policy of a distribution ratio of 25-30 pct of consolidated net profit for full year 2002.
“With regard to our policy on dividend payments, we will continue to pay an earnings-based dividend to our shareholders. We are planning a distribution ratio of 25-30 pct of consolidated net profit,” it said in its annual report.
Net profit in 2001 was 1.593 bln eur and today, it announced a dividend payment of 0.37 eur/shr or a total of 412 mln eur payment.

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TNT lands software contract

Posted by | Apr 8, 2002 | |

TNT Express is to ship more than 60,000 consignments a year from 36 BMC Software locations in countries across Europe, the Middle East and Africa. It will also deliver BMC marketing material.

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Public would pay more for better postal service

Posted by | Apr 8, 2002 | |

MOST people would be happy to pay an extra 2p to post a letter if it made the service more reliable, a poll conducted for postal union CWU revealed last night.
The National Opinion Poll survey of 1,000 people found that 89 per cent would be prepared to pay the extra cost.
CWU general secretary Billy Hayes called for prices to be increased immediately to save some of the thousands of jobs which are due to be axed.

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