Tag: Courier/Express/Parcels

FedEx, UPS Challenge May Slow Deutsche Post's U.S. Expansion

Posted by | Aug 26, 2003 | |

Deutsche Post AG’s expansion in the USD50.2 billion U.S. ground and air parcel delivery market may be slowed by a regulatory review sought by United Parcel Service Inc. and FedEx Corp., which dominate the U.S. market.

A U.S. judge today begins a hearing to determine whether Astar Air Cargo Inc., a Miami-based airline that flies for Deutsche Post’s DHL unit, violates a law barring foreign control of a carrier. UPS and FedEx lobbied for the Transportation Department hearing, required by a law signed by President George W. Bush four months ago. The judge’s decision, due by Dec. 1, may result in Deutsche Post having to change the way it does business in the U.S.

A win by UPS, the world’s largest package-delivery company, and FedEx, the largest overnight-delivery company, would slow or raise costs for Deutsche Post’s advance in the U.S., the biggest delivery market, said Brian Clancy, principal at MergeGlobal Inc., a freight-consulting firm in Arlington, Virginia.

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Freightways in brokers sights

Posted by | Aug 23, 2003 | |

Freightways, owner of New Zealand Couriers, Post Haste Couriers, Castle Parcels and Sub60, will float on the stock exchange in just over a week.

The news, delivered yesterday alongside a 33% increase in profit, was warmly received by stockbrokers, who regard the company as well-managed and well-positioned in its market.

Price and the final size of the offer are still being worked on.

Brokers are guessing a NZD160 million to NZD180 million sale, putting the company in the market’s Top 50, and making it the biggest float of a New Zealand company this year.

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Bank of Scotland provide funding for TNT Express parcel delivery vehicles

Posted by | Aug 21, 2003 | |

Bank of Scotland Business Banking’s Asset Finance Transport & Distribution team is delivering the goods to TNT UK Ltd. The Bank’s team has provided funding worth GBP3.6 million to enable TNT to finance 144, 7.5 tonne, parcel delivery vehicles.

The five-year operating lease deal was concluded after comprehensive discussions with TNT, aimed at providing a bespoke funding package to meet their specific needs. One of the key considerations was ensuring that documentation was kept to a minimum and that the vehicle manufacturer and body builders were paid as and when the vehicles were delivered.

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UK Royal Mail row over parcels shake-up

Posted by | Aug 21, 2003 | |

Royal Mail came under fire yesterday from Postwatch, the consumer watchdog body, over planned changes to its parcels business as the Communication Workers’ Union (CWU) stepped up the tempo of its pay battle with the state-owned business. Peter Carr, Postwatch chairman, urged Postcomm, the postal regulatory body, to block the changes until Royal Mail provided more justification and reduced rather than increased some of its charges.

Royal Mail is seeking regulatory approval to halt the delivery of parcels weighing between 20 and 30 kilos (44lb-66lb) because the business is small and unprofitable and the items frequently need two men to carry them. It also plans to delay the next day special delivery guaranteed delivery time by three hours to 3pm without any reduction in the tariff and at the same time introduce a more expensive next day service guaranteeing delivery by 9am. In addition, it wants to charge GBP2.20 for customers requiring a copy of the signature obtained on delivery, a service it says costs the business GBP11 a time.

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DHL completes acquisition of Airborne's ground operations

Posted by | Aug 18, 2003 | |

DHL, the world’s leading express and logistics company, has announced the completion of its acquisition of Airborne Inc’s ground operations for approximately USD1.05 billion in cash, bringing increased competition to the U.S. express delivery market. The transaction was announced on March 25, 2003.

The company also announced that Uwe Doerken, CEO of DHL Worldwide and a member of DHL parent company Deutsche Post World Net’s Executive Board, has appointed Carl Donaway, formerly Chairman and CEO of Airborne, as Executive Chairman of DHL Holdings Inc. John Fellows will remain CEO of DHL Holdings Inc.

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