Year: 2005

TNT Japan secures inbound logistics contract with Mitsubishi Motors

Posted by | Jun 23, 2005 | |

Mitsubishi Motors Corporation Japan (MMC) has selected TNT in Japan as its Lead Logistics Partner for its inbound logistics processes of non-powertrain components sourced from overseas suppliers. The contract is valued at 10 million Euro over 3 years. As part of the new agreement, TNT Japan will be responsible for all aspects of the inbound supply chain including distribution of purchase orders to MMC suppliers, door to door movement of components from suppliers in Asia, Europe and the America’s to TNT managed distribution centres in Japan and final line-side delivery to 2 MMC plants in Japan.

Read More

FedEx quarterly profit up 9 percent, but misses expectations

Posted by | Jun 23, 2005 | |

FedEx reported a 9 percent increase in fourth-quarter earnings Thursday, but startup cost for a new westbound around-the-world flight played into keeping results below Wall Street expectations. FedEx reported earnings of USD448 million, or USD1.46 per share, up from USD412 million, or USD1.36 per share, for the same quarter last year. Revenues were USD7.72 billion, up from USD7.04 billion. Improvements in its international priority business have played a major role in earnings increases for the package delivery company for several years, and the company said it expects to add more flights abroad for its cargo airline, FedEx Express. “Because these routes take anywhere from 24 to 36 months to become profitable, we think now is the time to start them,” said chief financial officer Alan Graf. “Having said that, once they reach profitability, these provide high, double-digit returns for the foreseeable future and will be very lucrative.”

Read More

TNT Singapore launches Clinical Express exclusive service into US

Posted by | Jun 22, 2005 | |

TNT Express Singapore has launched a next-day, door-to-door delivery service of diagnostic samples and clinical supplies for central laboratories in Asia to the USA. By leveraging on TNT’s new partnership with US company AirNet Systems, TNT Express not only provides the best-in-class transit times, but also a range of value-added services such as certified packaging and fulfilment of the frozen consignment. This is an additional development of “Clinical Express Exclusive” that was launched globally last year. Clinical trial shipments from Asia to the US are set to double by 2006 and are seen as a key area of growth for clinical trial logistics. Currently, Asia-US shipments account for about 10% of the industry estimated to be worth USD30 million a year – half of which originate in Singapore.

Read More

German govt has no schedule yet for Deutsche Telekom, Post stake sale

Posted by | Jun 22, 2005 | |

The German government has not yet decided when to sell its remaining stakes in Deutsche Telekom AG and Deutsche Post World Net AG, sources said. But when the time comes, it will likely transfer its shares to state-owned KfW Bankengruppe, the sources told dpa-AFX news agency. The last such transaction was in January, when KfW bought a 12.7 pct stake in Deutsche Post World Net AG from the government for 1.7 bln eur, raising its total stake to 48.8 pct. Financial Times Deutschland earlier today cited sources as saying Germany’s Finance Minister Hans Eichel plans to sell the government’s remaining stakes in Deutsche Post and Deutsche Telekom to help cover the budget deficit.

Read More

Deutsche Post’s DHL hopes KarstadtQuelle logistics to post profit in 2006

Posted by | Jun 22, 2005 | |

Deutsche Post AG’s head of logistics Frank Appel said the company’s DHL logistics unit expects the logistics operations it acquired from KarstadtQuelle AG to post a ‘significant’ net profit next year, according to German daily Frankfurter Allgemeine Zeitung. The profit will be achieved following ‘internal optimisation’, Appel told the newspaper in an interview. He said that he would be satisfied if the KarstadtQuelle logistics operations would break even this year. Appel also confirmed that DHL is still in talks with KarstadtQuelle over the possible acquisition of the retailer’s Neckermann and Quelle logistics operations. ‘We remain interested in principle. The negotiations are under way,’ he said, although he added that ‘one must not overburden oneself’.

Read More

UPS tracking progress on business sustainability goals

Posted by | Jun 22, 2005 | |

UPS today reinforced its ongoing commitment to balancing economic, social and environmental objectives by releasing the company’s third annual Corporate Sustainability Report. The report demonstrates UPS is moving forward on a number of important goals, including increasing fuel efficiency, lowering aircraft emissions and reducing employee injury rates. Additionally, this year’s report includes more global information than ever before. “At UPS, we’re never satisfied with the status quo,” observed Mike Eskew, UPS’s chairman and CEO. “And with today’s increasingly interdependent world, sustainable business practices add up to smart business practices.”

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

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