Tag: Courier/Express/Parcels

International air express fuel surcharges stable as oil prices sink

Posted by | Sep 5, 2008 | |

DHL, FedEx, UPS and TNT are keeping their fuel surcharges for air express shipments generally stable in September against a background of falling oil prices, CEP-Research analysis shows. In recent months, fuel surcharges had risen rapidly to the constantly increasing fuel prices.

However, fuel costs are now sinking again due to the weakening demand for oil products over the past four weeks, the news agency Reuters reported. The decreasing demand for oil products is reported to be due to rising concerns about the continuously worsening economy.

The four leading express carriers calculate their fuel surcharges based on indexes showing the previous month’s oil price level and announce them in advance for the following month. The surcharges thus reflect the oil prices of two months ago and do not fully reflect the current sharp downward trend in oil prices.

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UPS celebrates new hub opening (U.S)

Posted by | Sep 5, 2008 | |

UPS executives and local dignitaries officially dedicated a large, state-of-the-art package sorting hub to support ground operations in Louisville.

The 258,390-square-foot sorting and distribution facility, known as the Louisville Centennial Hub, employs more than 1,100 people and houses approximately 180 delivery vehicles with room for future expansion.

UPS built the new ground hub after deciding to expand its Worldport global air hub. Ground operations had been located in a facility on Ashbottom Lane adjacent to the airport but that land was needed for the air hub’s expansion. The Centennial Hub was built on a 54-acre site on Air Commerce Dr.

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DHL pulls plug on March Air Reserve Base-Hong Kong flight

Posted by | Sep 4, 2008 | |

A DHL flight linking Riverside and Hong Kong cargo will take off and land at Los Angeles International Airport instead starting Oct. 26.

The shift will leave DHL with an average of four daily flights at March Air Reserve Base. DHL landed at the airport in 2005 and had eight daily flights at its height.

A pending agreement with shipping competitor UPS could eventually leave DHL without any flights at its 262,000-square- foot Riverside hub.

The route was considered an international flight, DHL’s only foreign-bound flight from March, because it concluded in Hong Kong after connecting in Alaska.

That leaves DHL with a handful of late-night domestic flights that face an uncertain future at the company’s Inland hub.

Riverside County Supervisor Bob Buster said the developer’s master plan and DHL’s cutbacks could give commission members a second chance to take a broader look at what makes good business sense and be more aggressive in seeking landing fees and revenues from the companies that land at March.

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DHL Romania increases H1 revenues by 40pct and expects further growth through Cargus

Posted by | Sep 4, 2008 | |

DHL Romania increased its turnover by 40pct year-on-year in the first half of 2008, mainly on the growth of the express market in the country. In addition, the company expects further growth after its acquisition of Cargus, the country manager of DHL Romania, Gian Sharp, told the Romanian Newspaper Ziarul Financiar in an interview.

The company’s turnover from domestic delivery services rose by 50pct year-on-year in the first six months of 2008. However, no exact figures were available.

DHL Romania acquired the Romanian express operator Cargus in April 2008 for EUR 50 million (USD 72.59 million). The takeover, which is still pending approval by the domestic competition regulator Competition Council, may be completed by the end of September 2008.

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Integrator stocks fluctuate amid takeover speculation, market slowdown and high oil prices

Posted by | Sep 4, 2008 | |

Shares of TNT, UPS, FedEx and DHL parent Deutsche Post World Net have fluctuated dramatically over the last two months due to a mix of factors including takeover speculation, the impact of the economic slowdown and rising oil prices, a CEP-Research analysis showed.
TNT, UPS and FedEx ended August showing increases compared to the end of June after repeated speculation during July and August that UPS and FedEx were each in talks with TNT over a possible acquisition. The reported deals followed the recent economic downturn and rising fuel costs that have hit the demand for package deliveries and led to a revival of merger discussions.
TNT shares were up 13.29pct to EUR 25.50 as of August 29 compared to 26 June.
The two US integrators, FedEx and UPS, have also been impacted by the takeover rumours with their shares rising over the last two months, although other factors such as the US downturn and the strong rise in fuel prices also played major roles in the share performance.
FedEx experienced a moderate share price increase of 5.71pct as of August 29 compared to the end of June.
DPWN shares were negatively impacted during the last two months by rising oil prices and worsening economic conditions as well as by the widespread reports about the restructuring of the DHL Express US business, and political opposition to the planned Wilmington hub closure in particular. The company’s shares dropped by 4.98pct to EUR 15.85 as of August 29 compared to two months previously.

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