Tag: Courier/Express/Parcels

DHL Thailand to undergo major capacity expansion

Posted by | Dec 18, 2003 | |

DHL, the world’s leading air delivery and logistics provider, plans to boost its Thai operations with major capacity expansion of its depots nationwide and the construction of a new warehouse and distribution centres.

Herbert Vongpusanachai, managing director of DHL Express, said the company’s capacity would be more than doubled to serve business expansion over the next five to 10 years. Presently, the available capacity at its depots in Bangkok, Phuket and Nakhon Ratchasima are almost fully utilised.The company expects to handle more than 130,000 tonnes of goods sent this year in express, air and ocean freight.

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Nigeria earns N300m from parcel post in 2003

Posted by | Dec 18, 2003 | |

The Postmaster General of the Nigerian Postal Service (NIPOST), Alhaji Abubakar Musa Argungu has announced that the country recorded an impressive N300 million as revenue from parcel post in 2003 alone. The postmaster general who spoke in Abuja at the two-day African Regional Conference on postal parcels, explained that the income tripled the revenue generated through the same business in 2000 when N105 million was recorded. He told Business Day in a chat after the opening ceremony that Nigeria was first in Africa in terms of revenue generation through postal parcels followed by South Africa, which he said exported 107,800 parcels and imported 230,000.

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FedEx posts large decline in quarterly profit

Posted by | Dec 18, 2003 | |

The FedEx Corporation, the overnight package-delivery company, has said that it had its biggest quarterly drop in net income in six years, as daily air shipments in the United States fell and more employees than expected took buyouts.

Shares of FedEx declined $3.30, to $71.01, on the news.

Many investors had forecast a rise in the domestic shipments, rather than the 1% decrease reported, after the economy expanded in the third quarter at the fastest annual rate in two decades.

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Nightspeed wins UK parcel contract

Posted by | Dec 18, 2003 | |

Nightspeed has won a quarter of a million pounds contract to provide a time sensitive critical delivery service to a Manchester-based firm.

Nightspeed Secure Worldwide Express, of Tipton, will transport over one hundred parcels, using the next day and European destination service, on behalf of Eurolink Worldwide Express.

Paul Knop, managing director of Eurolink, said: ‘In distribution, flexibility is paramount. A customer’s needs may change from day to day, and our distribution service should be able to do the same, which is why we chose Nightspeed who can tailor a service package to meet our customer’s requirements and provide a secure delivery service too.’

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Fedex reports lower earnings in second quarter

Posted by | Dec 17, 2003 | |

FedEx Corp.’s second-quarter profits fell 63 percent from last year because of the costs of a previously announced early retirement and voluntary severance program. Its results missed Wall Street expectations and its shares fell more than 4 percent. The package delivery company reported Wednesday profits of $91 million, or 30 cents per share, for the quarter that ended Nov. 30, down from $245 million, or 81 cents a share, for the same period last year. Excluding the business realignment costs, most of which were taken during the quarter, the earnings totaled $266 million, or 87 cents per share. That fell short of the 90 cents forecast by analysts surveyed by Thomson First Call.

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