UPS sees double digit growth in first quarter
UPS sees double digit growth in first quarter
Read MoreTag: Courier/Express/Parcels
Major players rev up parcel delivery trade
Courier services in Eastern Europe have blossomed in recent years and the major players have shown an active interest.
Read MoreEU Enlargement – Major players rev up parcel delivery trade
Marek Rozycki spotted a gap in the market for a domestic express operator in 1991 and set up Masterlink with six Czech motorcycles, four of which were not working on the first day.
But, from that inauspicious start, the business took off.
“The market exploded and we grew very rapidly, ” Rozycki says.
Read MoreFedEx US Rebrands Kinko’s Unit
Nearly five months after FedEx announced the purchase of Kinko’s for USD2.4 billion in cash, it said it would be rebranding the separately run unit as FedEx Kinko’s Office and Print Centers. The company unveiled the new FedEx Kinko’s logo and brand to employees at an event in Dallas earlier in the day, while also announcing a timetable for the rollout of FedEx services at 1,100 stores in the U.S. By the third-quarter, the company said its day-definite ground and time-definite global express shipping services will be available at all FedEx Kinko’s stores.
“This new brand leverages the historical strengths of both companies while powerfully redefining the future of the business services marketplace,” said Fred Smith, chairman and CEO. “The FedEx Kinko’s Office and Print Center brand will serve as a beacon to businesses large and small searching for a total business solutions center.”
Read MoreTPG first quarter profits surge on strong Mail and Express performances Logistics turns the corner
Highlights include: earnings from operations up by almost 12%, improved operating margins in Mail and Express, Logistics ahead of previous year, net income up 16%, lower financing cost and effective tax rate and strong free cash flow. CEO Peter Bakker reported: “This was a good quarter for TPG. The Mail and Express businesses both delivered very good results, which are all the more pleasing given the difficult economic conditions which continue in the Netherlands and other key markets in Europe . Probably the most satisfying development however is that there is first evidence of a turnaround in the Logistics business. Building on this encouraging start to the year, we are confident that good improvements in earnings will be achieved in 2004.”
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