Author: Archive

FedEx CEO: We don’t hedge

Posted by | Feb 21, 2007 | |

ADVERTISEMENT

Elevator makers fined $1.3B for price-fixing

Foodmakers feel the pricing pinch

SanDisk is cutting prices

More >>

FedEx CEO Fred Smith said at the recent Energy Security Leadership Council conference that FedEx does not hedge its energy buying, but incorporates energy prices into the rates it sets on customers. The last three or four years, that has meant raising rates, he said.

“We don’t hedge. We don’t try to beat the market,” Smith said. “We simply pass it along.”

Smith also said FedEx’s staff economist projects a 2.7% GDP for 2007 and 2.9% GDP for 2008. “There’s definitely not as robust an economy this year as there was last year,” Smith said.

Read More

Denver to receive four FedEx Express hybrid electric delivery trucks

Posted by | Feb 21, 2007 | |

FedEx Express introduced four hybrid electric medium-duty trucks into service in the Denver metropolitan area. Sen. Ken Salazar (D-Colo.) joined FedEx to unveil the vehicles at a press conference at a FedEx Express facility in downtown Denver.

Salazar, a member of the Senate Energy and Natural Resources Committee, is a leading voice in the U. S. Senate calling for alternative energy solutions to reduce dependence on foreign oil, enhance national security, protect land and water resources, and create new jobs throughout America.

The FedEx Express hybrid, developed in cooperation with Environmental Defense and Eaton Corp., will deliver cleaner and healthier air and reduce climate change impacts.

The introduction of the FedEx Express hybrid vehicles is part of an innovative alliance that began in 2000 between FedEx and Environmental Defense to create the next generation of cleaner, more fuel-efficient delivery trucks. FedEx became the first company to begin converting its medium duty truck fleet to hybrid vehicles for commercial use.

Including Denver, FedEx operates a total 93 hybrid vehicles in cities such as New York, Tampa, Sacramento and Washington, D.C.

Read More

India Logistics Industry: USD125 Billion Goldmine

Posted by | Feb 21, 2007 | |

India’s third-party logistics (3PL) market is all set to experience a period of explosive organic growth, going by independent market analyst Datamonitor’s (DTM.L) latest research. The report, “India Logistics Outlook 2007,” predicts high double-digit growth rates for both outsourced and contract logistics in India. With India’s gross domestic profit (GDP) growing at over 9% per year and the manufacturing sector enjoying double digit growth rates, the Indian logistics industry is at an inflection point, and is expected to reach a market size of over USD125 billion in year 2010.

“Strong growth enablers exist in India today in the form of over USD300 billion worth of infrastructure investments, phased introduction of value-added-tax (VAT), and development of organized retail and agri-processing industries”, say Praveen Ojha, Logistics analyst with Datamonitor and author of the study. “In addition, strong foreign direct investment inflows (FDI) in automotive, capital goods, electronics, retail, and telecom will lead to increased market opportunities for providers of 3PL in India.”

However, as a result of the under-developed trade and logistics infrastructure, the logistics cost of the Indian economy is over 13% of GDP, compared to less than 10% of GDP in almost the entire Western Europe and North America. “As leading manufacturers realign their global portfolios of manufacturing locations, India will have to work on such systemic inefficiencies, in order to attract and retain long-term real investments.”

Read More

More than 100 post offices to be closed in Hungary

Posted by | Feb 21, 2007 | |

The Hungarian Postal Service (Magyar Posta Zrt.) is planning to close 103 post offices before the end of the year, and sell another 1,000 in 2008, writes fn.hu, based on a report in business daily Napi Gazdaság.
Starting today, 38 existing post offices will be closed, and another 65 will be shuttered on March 1.

Services will be cut where there are currently more post offices operated than specified by law. In Budapest, for example, there are 169 post offices, but only 86 are legally required.

Magyar Posta Assistant CEO László Szivi said that offices will also be closed where the volume of traffic does not justify their existence.

With the retreat of the company, a full liberalization of postal services can be expected by 2009. There are nearly 100 companies in Hungary registered to perform postal services, including several global firms, many of which are believed to be planning a further expansion of their operations once liberalization occurs.

Read More

Mail start-up iq letternet targets 100 million letters in 2007

Posted by | Feb 21, 2007 | |

A new postal operator, iq letternet, aims to become one of the three leading postal operators in Germany competing with Deutsche Post. The privately-owned company is currently setting up a nationwide network of delivery partners and will use UPS for intra-regional linehaul transport.

Based near Düsseldorf, iq letternet plans to despatch 100 million letters this year which would establish it among the three leading postal operators in Germany in terms of volumes. “Each of our private delivery partners will receive more than 10,000 letters a day on average from iq letternet by the end of this year,” said Rainer Pliska, one of the three managing directors of the company.

The six companies that own iq letternet, which include several direct mailing firms, handle about 170 million letters from customers such as the German airline LTU, the Galeria Kaufhof department store chain and allkauf supermarket group.

Volumes are presently delivered mostly by some 60 regional postal delivery firms and the rest by Deutsche Post. Volumes will be gradually transferred to the new delivery network, with about 30 million pieces planned for this year, to ensure that quality levels are maintained.

Read More

Dutch mail firm Sandd doubles profits

Posted by | Feb 20, 2007 | |

Dutch postal services company Sort and Deliver (Sandd) saw revenues rise 36% to EUR 68 million last year, from EUR 50 million in 2005.

Operating profit doubled to EUR 5 million, from EUR 2.5 million, reinforcing the company’s position as No.2 to TNT Post in the Netherlands.

Sandd delivered more than 320 million items in 2006, boosting its share of the Dutch market to 12% from 8%.

The company forecasts further growth this year, delivering 430 million items (35% more than in 2006), improving market share to 16% and revenues to around EUR 85 million (+25%).

Sandd currently has 80 distribution centres, employs 10,500 delivery workers and claims to have 1,500 customers.

“One of our objectives for 2006 was to reinforce our position with publishers, more than 40% of whom are our customers, and we have contracts with nearly all Dutch banks as a preferred supplier alongside TNT,” said Sandd CEO Bart Stomphorst.

Read More

Postcomm reviews Royal Mail application

Posted by | Feb 20, 2007 | |

Postcomm is seeking views on Royal mail’s application to extend its Pricing in Proportion (PiP) framework to Packetpost Returns.

Packetpost Returns is a service that allows packets to be returned from customers with the postage cost being borne by the original sender.

Currently the price per item paid by the original sender is based on the average weight of the mail returned. Royal Mail advised Postcomm that Packetpost Returns was overlooked when it made its original PiP application in August 2003, and proposes that an item returned through this service should be treated and charged as a packet under its Pricing in Proportion framework.

Royal Mail has also requested that Packetpost Returns, consistent with the greater alignment of these prices to those of normal Packetpost, should be included in the same controlled services group as Packetpost1 .

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