Author: Archive

Construction Starts on UPS Air Hub in Shanghai

Posted by | Aug 9, 2007 | |

UPS and the Shanghai Airport Authority today conducted a formal groundbreaking ceremony for the UPS International Air Hub at Pudong International Airport.

“The opening of this hub will ensure we are well-positioned to support the explosive growth in Asia’s regional trade,” said UPS Chairman and CEO Mike Eskew, who attended the event. “Export volume growth in China and throughout Asia has been robust and the outlook remains bright. We are extremely proud to be the first U.S. airline to open an international air hub in China under the 2004 U.S.-China Air Services Agreement.”

Over the past five years, UPS has invested about USD 600 million in China, including a successful transition to become the first wholly-owned foreign express carrier in the country.

Located at the southern end of the West Cargo Terminal Area, the new hub will be built on a parcel totaling 1 million square feet and will open next year. Rapid expansion is planned to a sorting capacity of 17,000 pieces per hour. The new hub will link all of China via Shanghai to UPS’s international network with direct service to the Americas, Europe and Asia. It also will connect points served in China by UPS through a dedicated service provided by Yangtze River Express, a Chinese all-cargo airline.

Read More

UPS announces three top financial assignments

Posted by | Aug 9, 2007 | |

Scott Davis, UPS vice chairman and chief financial officer, today announced a series of three appointments to key financial posts. Rich Peretz has been named vice president of finance; Teresa Finley the chief financial officer for international operations, and Andy Dolny the vice president of investor relations.

Peretz, 45, most recently has worked as the vice president of international finance. He will report to Davis and will be responsible for the functions of Treasury, procurement, risk management, investments and mergers and acquisitions.

Finley, 45, has served as UPS’s vice president of investor relations since November 2003 and will succeed Peretz, functioning as the chief financial officer for UPS’s international operations. She will report to UPS International President Alan Gershenhorn.

Dolny, 49, a certified public accountant and chief financial officer of UPS Supply Chain Solutions, will succeed Finley as the company’s top investor relations officer. He will report to Davis.

Read More

TNT Post appoints Andrew Firth as a regional Business Development Director

Posted by | Aug 9, 2007 | |

TNT Post is pleased to announce the appointment of Andrew Firth as a regional Business Development Director. Based at TNT Post in Nuneaton, Warwickshire, Andrew will be responsible for developing new business initiatives from Greater London to the Midlands and expanding the company’s rapidly growing client base. He will manage a team of 13 staff and will report to Bob van Ierland, Director of End to End Development.

Andrew joins TNT Post with more than 25 years of experience working in logistics. Previously, Andrew ran his own logistics consultancy handling contracts worth up to GBP 1 million per annum. Prior to that, in 2003, Andrew was drafted in to save a specialist logistics and installation company, which he then made profitable within two years.

The team Andrew joins started operations in August 2006 and focuses specifically on attracting new business from Greater London to the Midlands.

TNT Post now boasts a customer base of more than 200 local businesses in Greater London to the Midlands, with the majority receiving TNT Post’s PremierSort Flex, a two to three day postal service, with Royal Mail continuing to carry out the final mile delivery to customers’ homes nationwide. Current customers come from a range of sectors such as government, automobile and entertainment.

The PremierSort Flex service is specifically tailored to meet the needs of small to medium sized businesses or companies that have lower business mail volumes and offers valuable benefits to local businesses such as: flexible pick up times, cost savings, use of tracking systems that enable improved visibility and management, and a fast and reliable high level of service.

Read More

DHL Express disposes of two subsidiaries to Austrian Post

Posted by | Aug 9, 2007 | |

DHL Express has reached an agreement to sell its Dutch subsidiary Dedicated Distribution Services (DDS) and its Belgian subsidiary Van Osselaer Pieters Colli Service (VOP) to Österreichische Post AG (ÖPAG), the Austrian post office. The transaction is a further step in DHL’s strategy to optimize the strategic synergies within the EXPRESS organization and thus to maximize shareholder value. The transaction will not have any effect on the services provided to existing customers.

“It is our explicit strategy within DHL EXPRESS Global to focus on core express products and services. Our primary focus is to ensure that our businesses are synergistic. This means putting emphasis on systematized products with similar features, standard shipment characteristic and high quality levels. This will ensure that we significantly enhance the quality of our offering and provide increased benefits to customers and other stakeholders. This divestment program is an important step to bring healthy returns on capital employed”, said John Mullen, CEO of DHL EXPRESS Global and Member of the Board of Management at Deutsche Post World Net.

After transferring the DHL Freight business from EXPRESS to LOGISTICS in 2006 and integrating the standard Parcel business in Germany into the MAIL division, the current sale of the two Benelux subsidiaries is another milestone in DHL’s strategic approach to simplify its business processes and to increase the transparency of its product offerings.

The parties have agreed not to disclose the value of the transactions.

Read More

Consumers and Members of Parliament demand to see Royal Mail financial report

Posted by | Aug 9, 2007 | |

Royal Mail came under attack yesterday for refusing to publish its delayed financial results as it emerged that it has given them to the postal regulator.

Royal Mail would not give a reason, but speculation is growing that it wants to avoid controversy over executive bonuses or hide the fact that its financial performance is better than expected. Both issues would prove tricky as it battles with the Communication Workers Union.

Royal Mail said that it had not set a date to make the results public. The figures are for its year to the end of March and usually are published in May. It has avoided a fine by sending the numbers to Postcomm within a deadline set by its license, but the regulator has no obligation to make them public.

The delay comes as postal workers are staging a month of strikes in the worst dispute to hit the business for 11 years and as thousands of post offices are being closed.

Royal Mail had to supply figures to Postcomm no later than four months after the end of the financial reporting period, (therefore, July 31) to fulfill its license. It is obliged to file the accounts with Companies House at the end of next month, six months after the close of its reporting period.

Read More

Move to ease UK postal price controls

Posted by | Aug 9, 2007 | |

Royal Mail should be allowed to increase the price of a second-class stamp from 24p to 29p by 2010 to help its ‘deteriorating financial position, the postal operator’s regulator proposed on Thursday.

But the latest financial data from Royal Mail highlighted the urgent need for the operator to cut costs and improve its productivity.

Nigel Stapleton, Postcomm’s chairman, warned that “significant concerns” about Royal Mail’s financial position had emerged from an interim review of the 2006-10 price control imposed by the regulator.

Postcomm intended to allow some Royal Mail prices to increase “because its financial position is now weaker than it, and we, had envisaged when the control was finalized in May 2006”, Mr Stapleton said.

Under the proposals, the price of a second-class stamp could increase to 29p by 2010, as opposed to the 26p cap under the original control.

The increase would allow Royal Mail to cut the price of bulk business mail, and other items where it faces direct competition from rivals, to try to staunch its loss of market share.

Postcomm warned that Royal Mail had “not capitalised on opportunities” in growing areas of the market, such as online orders for packets – a criticism the company flatly rejected. The regulator said Royal Mail was failing to meet its annual 3 per cent target for improving efficiency, achieving only 1.9 per cent for 2006-07 and a forecast 0.6 per cent over the next three years. Royal Mail’s own analysis suggests it achieved gains of 4.6 per cent in 2006-07.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


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.

Subscribe to the Magazine

 

Pin It on Pinterest