Author: Archive

EGL receives proposal from Apollo Management L.P.

Posted by | Mar 20, 2007 | |

EGL, Inc. announced that the Special Committee of its Board of Directors has received a written proposal, dated March 19, 2007 from Apollo Management L.P. expressing its interest in the acquisition of EGL, Inc. for USD 40.00 per share, subject to certain conditions, including expedited confirmatory due diligence. The Special Committee determined that, under EGL’s Merger Agreement with an affiliate of James R. Crane, Apollo’s proposal is an alternative proposal. Accordingly, the Special Committee has also informed the Crane Affiliate of the existence of the proposal, and has made arrangements so that Apollo may conduct its due diligence investigation with respect to its proposal.

The Special Committee cautions that there can be no assurance that Apollo or another third party will make a firm offer, or that the terms of any such offer received will be a superior proposal or will be consummated.

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DHL Express UK implements business intelligence with MicroStrategy

Posted by | Mar 20, 2007 | |

MicroStrategy announced that DHL Express has expanded its deployment of MicroStrategy to support its Business Process Optimization and Enterprise Business Intelligence programs, which will provide reporting and analytics for key areas across the company.

DHL Express is using MicroStrategy throughout the organization for reporting and analysis of key business areas, including sales, marketing, finance, and operations.

With MicroStrategy, DHL users will gain insights into their business, providing sales and customer information by product and geography.

A MicroStrategy customer since 2003, DHL Express has now expanded its enterprise-wide deployment across multiple departments, with additional applications planned for the future. Dashboard applications delivering information based on KPIs (Key Performance Indicators) for the many diverse areas of the business will also be deployed. These new implementations are part of an information strategy to improve data management, analysis, and reporting to enhance the decision making processes of senior and operational management.

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Spain's Nacex ups sales by 19%

Posted by | Mar 19, 2007 | |

The Spanish express company Nacex increased revenues by 18.9% to EUR 195 million last year, from EUR 164 million in 2005.

Volume rose by nearly 12% to over 12.3 million shipments. Nacex described the results as “ excellent” and driven by a 30% increase in its international traffic.

The expanding company, formed in 1995 and now part of Grupo Logista, boasts over 300 branches in Spain, Portugal and Andorra, as well as 21 hubs, 1,230 vehicles and over 2,200 staff.

It is one of the top four domestic express operators in Spain, alongside Seur, MRW and Mex, and last year’s increase in turnover built upon a rise of 21.5% in 2005 (on 2004).

Nacex has improved its Portuguese distribution since the beginning of this year by expanding daily services and increasing geographical coverage to include the Azores and Madeira.

It has increased the number of franchises it has in Portugal from five to 22 in little over a year, and is opening two more in the north of the country, once each in Viana do Castelo and Braga.

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UPS' CEO earned USD 6.2M last year

Posted by | Mar 19, 2007 | |

United Parcel Service Inc., which increased its annual profit by almost 9 percent, paid its top executive nearly USD 6.2 million in total compensation in 2006. In 2006, UPS reported a profit of USD 4.2 billion on USD 47.5 billion in revenue.

According to the Atlanta-based package shipper’s proxy filing with the Securities and Exchange Commission on Monday, CEO Michael Eskew got USD 6.2 million in total compensation last year, including a salary of USD 988,000, a bonus of USD 41,500, USD 2.8 million in stock awards, about USD 1 million in stock options, USD 174,300 in non-equity incentive plan compensation and USD 33,137 in other compensation.

Also according to the proxy, vice chairman and CFO D. Scott Davis was given USD 2.4 million in total compensation. That figure includes a salary of USD 500,000, bonus of USD 21,000, USD 1.1 million in stock awards, USD 375,304 in stock options, USD 88,200 in non-equity incentive plan compensation and USD 26,003 in other compensation.

COO David Abney earned a total compensation package worth about USD 1.3 million, including a USD 383,000 salary, USD 16,050 bonus, USD 345,034 in stock awards, USD 122,927 in stock options, USD 67,410 in non-equity incentive plan compensation and USD 7,519 in other compensation.

Former COO John Beystehner got USD 2.6 million in total compensation last year. This included a salary of USD 538,000, bonus of USD 22,550, USD 1.2 million in stock awards, USD 400,479 in stock options, USD 94,710 in non-equity incentive plan compensation and USD 9,118 in other compensation.

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Glasgow City Council points to post office closure fears

Posted by | Mar 19, 2007 | |

Scotland’s largest local authority has warned of a further raft of post office closures within the next 18 months.
Glasgow City Council has also criticised a commitment to ensure that 99% of the population of deprived areas are within a mile of a post office, saying the criterion was a reduction on a previous guarantee which cited half a mile.
The council suggests co-locating postal services in an accessible hub, alongside health centres, libraries and leisure centres. The authority made its criticisms in an official response to the Department of Trade and Industry’s (DTI’s) consultation on the future of Scotland’s post offices.
The DTI is currently collating thousands of responses to proposals to close 2500 post offices throughout the UK, some 600 of which are expected to be in Scotland.
Glasgow City Council, which posted an official response on its website, predicts mounting problems for disabled and elderly if more offices close as well as longer queues, poorer facilities, loss of community cohesion and damaging repercussions for local shops and businesses.
The local authority is also supporting sub-postmasters in demanding the government carry out a full assessment of the social and economic role played by post offices and that it spells out the future size and purpose of post offices.

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DHL completes hub automation at Riverside facility in California

Posted by | Mar 19, 2007 | |

DHL has completed the automation of its West Coast Distribution Facility in Riverside, Calif. The auto sort system upgrades now in place will allow DHL to increase letter-and-package throughput and provide customers with greater track-and-trace capabilities.

Key customer benefits of the automation effort include greater letter-and-package visibility through the auto sort system’s track-and-trace features as well as increased speed in the handling and processing of shipments. With the transition to auto sort functions, package throughput will increase by 28 percent. Letter-handling capabilities will improve by 67 percent.

The automation of the 262,000-sq.-ft. facility is part of DHL’s comprehensive USD160 million hub investment program. The state-of-the-art equipment at the facility includes shoe-sort and tilt-tray systems, loaders, unloaders, singulators, dimensional and image scanners, scan tunnels, and video coding.

In addition to improved package processing speed and system-wide shipment accuracy, hub automation adds throughput capacity to the DHL network.

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USPS Governors approve majority of Postal Regulatory Commission's price recommendations, including forever stamp

Posted by | Mar 19, 2007 | |

The Governors of the U.S. Postal Service approved an increase in the price of a First-Class stamp to 41 cents, authorized the issuance of the Forever Stamp, approved shape-based pricing, and set May 14 as the date for implementation of these changes. However, they delayed implementation of new prices for periodicals and requested reconsideration for some mail classes.

USPS proposed new rates on May 3, 2006, and the Postal Regulatory Commission (PRC) issued its recommendation on Feb. 26, 2007. The Governors spent considerable time deliberating the PRC’s recommendations — meeting six times and rewriting several drafts of their decision over the past 22 days.
The Governors approved the Forever Stamp, which will sell at the new 41-cent First-Class Mail one-ounce letter rate. The value on these stamps will always be the one-ounce letter rate and can be used for any future one-ounce letter mailing without extra postage.

The new prices also reflect differences in the costs of handling letters, large envelopes (flats), and packages. Mailers are encouraged to consider options available to reduce postage costs. For example, if the contents of a First-Class large envelope are folded and placed in a letter-sized envelope, mailers can reduce postage by as much as 39 cents per piece.
The Governors, however, requested reconsideration of the PRC’s rate recommendations for Standard Mail flats (catalogs), the Non-machinable Surcharge for First-Class Mail letters, and the Priority Mail Flat-Rate Box.

The Board of Governors also delayed until July 15, 2007, implementation of the new prices for Periodicals (magazines and newspapers) to allow time for the publishing industry to update computer software and adjust to the complexity of the PRC-recommended rate structure for periodicals. USPS had proposed a single container charge for periodicals to encourage efficiency, but the PRC recommended 55 different prices based on container type, entry point, and level of sortation.

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UPS technology enhancements make global commerce easier

Posted by | Mar 19, 2007 | |

UPS announced it is making it easier for customers to conduct business around the world through enhancements to its WorldShip®, Quantum Viewsm and Billing Solutions technology offerings.

The enhancements will save customers time and money by streamlining the preparation, management and tracking of multiple types of shipments – whether domestic or international, small package or heavy freight.

More than 550,000 customers worldwide have installed WorldShip, making it one of the most widely deployed transportation software applications in the world. The latest version now being rolled out – WorldShip 9.0 – is available in 14 languages and enables customers to take advantage of three time-of-day delivery options now being offered in most major global commercial centers.

UPS’s popular Quantum View applications, when used with WorldShip, open even more doors to managing global trade. Shippers can keep their customers notified of shipment status with Quantum View Notifysm and once shipments are en route, Quantum View Manage provides visibility into where the shipment is in the supply chain.

These enhancements reflect the integration of UPS Freightsm, the former Overnite Corp. UPS’s acquisition of Overnite positioned it as a top motor freight carrier in the U.S. and expanded UPS’s transportation solutions to include a full suite of freight services.

The third broad enhancement unveiled involves an expansion of the UPS Billing Solutions portfolio to include an electronic freight invoice. The portfolio provides customers with detailed financial information about their small package and UPS Freight shipments to enable customers to better manage their transportation costs.

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