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Charles Graham appointed as new Global CEO for Aviation, DHL Express

Posted by | Mar 22, 2007 | |

DHL has announced the appointment of Charles Graham as the new Global CEO for Aviation, DHL Express and as a member of the company’s Global Express Management Board. He succeeds Terry Nord, who will retire from DHL after eight successful years of managing growth for DHL’s global aviation services.

Based in Bonn, Germany, Mr. Graham will be responsible for all aspects of DHL’s aviation activities, in particular leading the strategic development of DHL’s global aviation network to both drive and support the Company’s growth plans.

Mr. Graham has had a distinguished career in the global express and aviation industry, and most recently was CEO of AWAS (formerly known as Ansett Worldwide), a position he assumed in 1997 until 2006. AWAS is one of the world’s leading aircraft leasing organizations, boasting a fleet of 180 aircraft and conducting business in some 80 countries.

Under his leadership, AWAS successfully went through significant strategic changes and growth, including the integration of the company and the former Morgan Stanley Aircraft Finance in 2000, and its eventual sale to private equity in 2006. AWAS was originally a joint cooperative venture between TNT and News Corporation before becoming an independent operating company in 1999.

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New Zealand Post Group records NZD 38.2 million half-year profit

Posted by | Mar 22, 2007 | |

The New Zealand Post Group has reported an unaudited after-tax profit of NZD 38.2 million for the six months to 31 December 2006 – up 10% on the NZD 34.7 million profit for the same period in 2005.

Operating revenue for the half year was NZD 616.7 million (2005: NZD 565.4 million) and operating expenditure NZD 561.9 million (2005: NZD 515.9 million).

The company will return an interim dividend of NZD 20.3 million (2005: NZD 16.7 million) to the Government shareholder.

New Zealand Post Group Chief Executive John Allen said the result was largely driven by the continued strong performance of Kiwibank and Express Couriers Limited (ECL) – the 50% owned joint venture that was formed with DHL in 2005.

“New services like the Prezzy Card launched in PostShops in November, mobile banking through Kiwibank and our Real Aotearoa stores which stock collectables and stamps alongside quality New Zealand souvenirs are just some of the new ways we’ve continued to diversify our offerings over the past six months,” explained Mr Allen.

“In addition, New Zealanders are continuing to be attracted to a genuinely New Zealand-owned bank. Kiwis are thinking as much with their heads as their hearts – they are going after innovation, low rates, accessibility and quality of service,” Mr Allen said.

During the period, Kiwibank more than doubled its after-tax profit to NZD 11.4 million – compared to NZD 5.4 million for the same period in 2005. Mr Allen said more than 500,000 customers have now joined the bank.

Within the Postal Services business, the amount of domestic mail sent continues to decrease – down 2.9% in the six months – but this has partly been offset by growth in parcels. International mail items continue to grow.

Mr Allen said the company expects strong competition across all parts of the business and ongoing pressure on mail volumes in the next six months.

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FedEx profit declines to USD 420 million as demand drops

Posted by | Mar 22, 2007 | |

FedEx Corp. said quarterly profit fell for the first time in three years and cut its earnings forecast for this quarter because of a slowing U.S. economy.

Net income for the fiscal third quarter dropped to USD420 million, or USD1.35 a share, from USD428 million, or USD1.38, a year earlier as winter storms damped shipping demand, FedEx said today in a statement. Revenue rose 7 percent to USD8.59 billion.

FedEx pared its outlook for the quarter ending May 31 by 5 cents a share and said it may miss its annual earnings growth target of 10 percent to 15 percent. The U.S. economy grew at a 2.2 percent annual rate in 2006’s final quarter, less than half the pace at the start of the year.

Slower economic growth is particularly hurting results at FedEx’s Express parcel delivery and Freight trucking units, the company said. FedEx said earnings growth this year may fall short of the company’s 10 percent to 15 percent target unless the U.S. economy accelerates.

FedEx hadn’t reported a lower year-over-year quarterly profit since November 2003.

Operating profit fell 12 percent at FedEx Express, which makes up almost two-thirds of the company’s sales, as economic weakness and bad weather curbed demand for shipping, the company said. Earnings were also pared when FedEx reduced the fuel surcharge it levies to offset higher fuel expense.

Smith is expanding FedEx’s trucking, international and retail businesses to give shippers more options than at rival United Parcel Service Inc. and smaller trucking firms.

Revenue at FedEx Ground, the company’s parcel delivery business and second-largest unit, grew 12 percent to USD1.5 billion. Operating profit rose 5 percent to USD196 million.

FedEx Freight, the third-largest unit by revenue, had a 32 percent decline in operating profit on slowing demand and costs of integrating last year’s acquisition of Watkins Motor Lines.

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Kraft selects exel to provide warehousing services in Brazil

Posted by | Mar 22, 2007 | |

Exel, an important part of DHL Logistics in the Americas, has been selected by international food and beverage company Kraft Foods to provide warehousing services for the company’s ambient and temperature-controlled products in Brazil.

Exel will provide yard management, inventory control, invoicing, shipping, lot control, receiving, storage and scheduling services at Kraft distribution centers in the Brazilian cities of Louveira, Sao Paulo, and Araucaria, Parana.

The new locations opened in late 2006 and employ more than 280 from the Louveira and Araucaria areas.

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APC On Course For Record Profits

Posted by | Mar 21, 2007 | |

The Essington based privately owned company has reported that its figures will show continued growth with record revenue and profits. This will accelerate its planned investment in IT.

Quentin Abel Managing Director commented “Naturally I am delighted at these record figures but most importantly our service levels at 99.8% have been confirmed again which is excellent news for the customer and underpins the reason fro our success”.

APC has enjoyed an average of 35% growth since it was first established in 1994.

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