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Deutsche Post AG 2008 Annual General Meeting: Board of Management and Supervisory Board actions approved by large majority

Posted by | May 6, 2008 | |

Board of Management and Supervisory Board actions approved by large majority
At Deutsche Post AG’s Annual General Meeting in Cologne around 3,400 shareholders approved the resolutions proposed by the Board of Management and Supervisory Board by a large majority. Shareholders representing 99.99 percent of the company’s equity capital resolved, among other issues, to pay a dividend of 90 euro cents per share, 20 percent more than last year. The dividend is tax-free for shareholders living in Germany.

The Board of Management was again authorized to buy back own shares totaling as much as 10 percent of the existing share capital. Shareholders also authorized the Board of Management to issue bonds with warrants, convertible bonds and/or participating bonds (or combinations of these instruments) and to exclude subscription rights while at the same time granting contingent capital.

The actions of the Board of Management and Supervisory Board for fiscal year 2007 were approved by large majorities of 99.10 percent and 99.83 percent respectively.

The Annual General Meeting also elected Wulf von Schimmelmann with 98.14 percent to the Supervisory Board.

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CitySprint Adds Electric Van to Fleet

Posted by | May 6, 2008 | |

The van, which is powered entirely by electricity, will complement CitySprint’s already broad range of environmentally friendly vehicle options for clients.

The Smith Edison Electric Van has a top speed of 50 mph, can carry over 1,300 kilograms and has a battery range of 150 miles, making it a highly competitive, zero-emission alternative to a comparable, fuel-powered model.

After satisfactory road testing, CitySprint concluded that the relatively greater capital cost of the van would be offset by potential cost savings in fuel and maintenance. The Smith Edison Electric Van is made more commercially viable still by its status as a Vehicle Excise Duty (VED) free vehicle and its exemption from London’s congestion charging.

Am Pall, CitySprint’s Fleet & Specialist Services Director, says: “Being as green, practical and cost effective as it is, adding the Smith Edison Electric Van to our range of environmentally-friendly vehicles became an easy decision. We are certain that our clients will be pleased with this additional green option.”

The Smith Edison Electric Van joins the Vectrix Electric Motorcycle that was introduced to CitySprint’s range of electric and eco-friendly vehicles in 2007

CitySprint’s environmental programme has been accredited with the internationally recognised ISO14001:2004, a voluntary initiative aimed at improving environmental performance. CitySprint received considerable industry praise in 2007 winning the 2007 IFW Environment Award, the Transport for London ‘Capital Fleet of the Year’ award at the 2007 GreenFleet Awards and the Corporate Social Responsibility (CSR) award at the 2007 UK Mail Awards.

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Nordic commerce favours the parcel market

Posted by | May 6, 2008 | |

Pan Nordic Logistics AB, PNL, reached a turnover of 1.5 billion SEK and a result before tax of 52 millions SEK – a growth of 28 per cent compared to 2006. Some of the reasons to the positive result are that PNL has focused on specific areas and that the commerce between the Nordic countries have risen favouring the parcel market.

It is a strong result showing that PNL is an important and big player on the cross-border parcel market within the Nordic countries. PNL has a unique infrastructure in the Nordic countries which is where its main competences lie. The strategy is and has been to focus on what PNL does best, delivering parcels to, from and within the Nordic region.

Growth factors for the parcel market and PNL 2007 has been characterized by growth and consequently PNL took the decision to invest in a new, larger terminal in Jönköping. The inauguration will be in January 2009.

PNL’s customers are mainly within the IT, textile and electronics segments. However, new customers within e-commerce and mail order companies within various branches are increasing. The common demand for these branches and companies are that they all need frequent transports to numerous of cities and countries.

1 SEK = 0.166824 USD

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Deutsche Post names new Head of ailing DHL U.S. unit

Posted by | May 6, 2008 | |

Deutsche Post AG replaced the head of the DHL Express unit’s unprofitable U.S. operations as the company tries to turn the business around.

Ken Allen, 52, previously Chief of DHL Express in eastern Europe, the Middle East and Africa, is taking over from Hans Hickler, Chief Executive Officer Frank Appel said at the annual shareholders meeting in Cologne, Germany, today. Hickler will remain on DHL Express’s global management board, said Nicole Mommsen, a company spokeswoman.

Appel is faced with reorganizing DHL’s U.S. express- delivery unit and is under pressure to decide whether to dispose of the company’s majority holding in the Deutsche Postbank AG retail bank. Bonn-based Deutsche Post will present a plan for the U.S. business by the end of May, Appel reiterated today. The CEO also stuck to earnings targets for this year and 2009.

“U.S. express business remains unprofitable and thus not satisfactory,” Appel said. Deutsche Post is reviewing all options for the unit, though a pullout from the U.S. market is “not an option.”

Deutsche Post fell as much as 22 cents, or 1.1 percent, to 20.59 euros in German trading and was down 0.2 percent as of 11:50 a.m. in Frankfurt. The stock has declined 12 percent this year, valuing the company at 25.1 billion euros (USD 38.9 billion).

DHL is the fourth-largest shipper of packages in the U.S., with 5.9 percent of the market, according to data compiled by SJ Consulting Group Inc. UPS is the biggest with 52 percent, followed by FedEx’s 30 percent and the government-owned U.S. Postal Service with 12 percent.

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Deutsche Post Annual General Meeting 2008

Posted by | May 6, 2008 | |

Acting in his new role as Chief Executive Officer of Deutsche Post World Net, Frank Appel held his debut presentation in front of around 3,500 shareholders.

The Board of Management and the Supervisory Board are proposing a dividend increase of 20 percent to 90 euro cents. That amounts to a payout ratio of 78.2 percent of the consolidated net profit attributable to Deutsche Post AG’s stockholders. Since the company’s IPO, the dividend has risen by an average of around 19 percent a year. “Like in the past, we will stick to our dividend policy and allow our shareholders to participate in the positive business performance,” Appel promised. Deutsche Post’s dividend is tax-free for shareholders living in Germany.

The Group has made good progress with the capital market program Roadmap to Value introduced in November. It is already clear that the goal of generating at least 1 billion euros from the sale of real estate by 2009 will be exceeded. In addition to property sales worth 350 million euros that have been agreed on since November, Deutsche Post World Net a month ago announced the sale of about 1,300 properties for 1 billion euros to U.S. investor Lone Star.

In 2007, revenue rose 4.9 percent to 63.5 billion euros. EBIT before non-recurring effects climbed 8 percent to 3.8 billion euros, meeting the Group’s expectations and forecast.

Reported EBIT dropped 17 percent to 3.2 billion euros following a non-cash asset writedown in the EXPRESS Americas business. As a result, net income after minorities fell 28 percent to 1.4 billion euros, and earnings per share dropped to 1.15 euros from 1.60 euros.

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Capgemini and ProLogis launch North American case study report on the supply chain implications from manufacturing offshoring to China and India

Posted by | May 6, 2008 | |

The quest to produce or provide a product at the lowest possible price, while simultaneously maintaining product quality and integrity, has driven many North American enterprises overseas, particularly to Asia. While outsourcing overseas is not a new phenomenon, it has now become possible to analyze and qualify the processes that have made these offshore ventures successful and profitable. This study aims to identify the specific impacts to the physical distribution supply chain of North American businesses when outsourcing to China and India. By interviewing high-level executives from North American companies currently operating in China and/or India, this document provides a “lessons learned” guide focusing on the current state of operations, risk mitigation and predictions for future developments.

Outsourcing manufacturing to China to reduce costs in the supply chain is by no means a new development. In fact, there are companies in North America that have been successfully offshoring to China for as long as 40 years. Their unique challenges have evolved as the capabilities within China have matured. By comparison, the outsourcing of manufacturing to India is relatively new, gaining a foothold within the past seven years. While India has become a master in the area of information technology outsourcing, the supply chain processes related to manufacturing outsourcing continue to be a challenge and obstacle for many North American companies.

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FedEx IT Executive Receives 2008 Ones to Watch Award from IDG’s CIO Magazine and CIO Executive Council

Posted by | May 5, 2008 | |

Sherry Aaholm, executive vice president of Information Technology, FedEx Services, is a recipient of the 2008 CIO Ones to Watch awards from IDG’s CIO magazine and CIO Executive Council. This prestigious honor is bestowed upon 20 rising stars in information technology (IT) who bring leadership, innovation and value to their organization and are primed to become future CIOs. Ms. Aaholm will accept her award at the CIO Ones to Watch awards ceremony held on May 19, 2008, at The Sheraton Boston in Boston, Massachusetts during CIO magazine’s Leadership Event.

“The Ones to Watch honorees are, variously, great technologists, project managers, information architects and risk managers. The one thing they all have in common is their ability to lead,” says Abbie Lundberg, CIO editor in chief.

All Ones to Watch honorees must be nominated or endorsed by a CIO. Nominations were submitted between September and November 2007 and reviewed by a judging panel of 30 leading CIOs.

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USPS launching competitive expedited mail prices

Posted by | May 5, 2008 | |

From May 12, prices for Express Mail, the US Postal Service’s premier overnight service, will be lower at the weights and in the delivery zones used by most customers. Also, the Postal Service will offer price incentives for both Express Mail and Priority Mail, its two- to three-day shipping service. Online users and commercial Priority Mail customers will see lower prices, while high-volume Express Mail shippers will get quarterly rebates and price reductions. These savings are now possible due to a recent change in federal law.

All Express Mail and Priority Mail customers can save money by going online to purchase postage, including customers using Click-N-Ship at usps.com. Express Mail customers will receive 3 percent off the published retail prices and Priority Mail customers will save an average 3.5 percent. Customized contract pricing will also soon be available for large commercial customers.

Also on May 12, guaranteed overnight delivery through Express Mail will be available to thousands of additional locations.

The Postal Service does not impose fuel surcharges, hidden surcharges or surcharges for residential delivery, Saturday delivery or address correction.

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