Year: 2007

Deutsche Postbank in talks to acquire holdings in Asian post banks

Posted by | Feb 2, 2007 | |

Deutsche Postbank AG is in talks with several peers in Asia about acquiring stakes in them, chief executive Wulf von Schimmelmann told daily Sueddeutsche Zeitung.

‘Asia is a very important market. We are in talks with some post banks there,’ he said.

In regard to the upcoming sale of Landesbank Berlin, von Schimmelmann said he doubts a purchase would make sense for Postbank.

‘Berlin is already a stronghold for us. We have a market share of 17 pct there,’ he said.

Other acquisitions in Germany are also not on the bank’s agenda following its recent takeover of building society BHW and 850 of Deutsche Post’s branch offices, he said.

Von Schimmelmann declined to comment on rumours that he is to resign before the end of this year. ‘These rumours have been around for months and I will not comment on them any more,’ he said.

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Road express revenues break EUR 2bn in Spain

Posted by | Feb 2, 2007 | |

Overall road freight revenues in Spain grew 7.6% last year to EUR 16.9 billion, with road express taking an increasing share of the market in line with the European trend, according to a new study by Madrid-based market researchers DBK.

Road express revenues have risen to over EUR 2 billion and now represent around 13% of total road freight income, up from 12.3% in 2004, DBK’s data indicates. The growth is a result of growing demand and rising tariffs.

The research, which looked at the 2004-2006 period, found that road express revenues were growing at a greater rate than the road freight market as a whole, reaching over EUR 2 billion in 2005 (+8.6%) and EUR 2.2 billion (based on the 2006 growth forecast for the Spanish express industry) last year, amounting to one-third of all express sector revenue in the country.

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Romanian Cargus 2006 gross profit down to 2.1 mln Euro38

Posted by | Feb 1, 2007 | |

Romanian courier services provider Cargus said its gross profit fell to 2.1 mln euro (USD2.73 mln) in 2006 from 2.5 mln euro (USD3.25 mln) reported in 2005.

Cargus’s 2006 turnover dropped below the value of 15.3 mln euro (USD19.9 mln) registered in 2005, due to higher investment last year, the company’s CEO Augustin Plesea said.

Cargus carried out a 2.5 mln euro investment project in 2006 to expand its vehicle fleet, acquire information technology (IT) equipment and finance promotion campaigns.

In 2007, Cargus expects its turnover to rise 45 pct on the year to 29 mln euro (USD37.73 mln).

Cargus (www.cargus.ro), set up in 1991, offers same day delivery, next day delivery, cash on delivery and declared value services.

In 2004, Cargus set up GeoPost Cargus, a joint venture with French-Turkish courier GeoPost-Yurtici Kargo, which offers international air express, air-road and road-based services on the domestic market.

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TNT launches domestic express services in India

Posted by | Feb 1, 2007 | |

TNT – the global provider of mail, express and logistics services announced its domestic foray in India at a press meet in Mumbai today. The expansion plan in India is in line with the global strategy of focusing on building quality networks in emerging markets. TNT will make an investment of 100 million Euro into the Indian market over the next five years, further reinforcing its commitment to the booming Indian economy. This launch makes TNT the first multinational brand in India to offer international and domestic services using an integrated Air and Road network. TNT will clearly be differentiated from its competitors in the express segment, through its offering of a gamut of “first ever” services. TNT aims to be the leading integrated player in the Indian market by 2010.

To spearhead its expansion plans, TNT has currently increased its offices from 17 locations to over 50 locations. By 2006 end there will be more than 144 offices spanning the length and breadth of the country. TNT has also expanded its depot space from 80,000 square feet to over 300,000 square feet with a fleet of more than 1000 vehicles that will traverse close to 300,000 kms per day. TNT will also have over 1600 trained professionals lined up towards meeting the customers’ express distribution requirements.

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DPD parcel volumes increased by 34 per

Posted by | Feb 1, 2007 | |

Small parcel delivery service “DPD” rendering company „DPD Lietuva“ has delivered 2,1 million parcels during year 2006. It is 33,9 % more than in 2005, when company delivered 1,6 million parcels.

The late years company results and constantly accomplishing market researches are showing that the sector of parcel shipping services in Lithuania is growing stably, and market players, who meet growing needs of their regular clients has already settled in Lithuania“, – said Gintaras Bingelis, “DPD Lietuva” Sales and Marketing Director for the Baltic States.

According to him, despite the growing value of post shipments market and increasing amount of parcels, logistics is not among company’s business management areas priorities in our country.

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