Tag: Courier/Express/Parcels

Blue Dart Profit 206.69 million up by 19.94 pct

Posted by | Jul 31, 2008 | |

Blue Dart Express Limited declared its financial results for the quarter and half year ended June 30, 2008 at their Board Meeting held in the city.

Profit after tax for the 2nd quarter ended June 30, 2008 was Rs 206.69 million, an increase of 19.94 pct over the corresponding period of the previous year. Income from operations for the 1st half ended June 30, 2008 was Rs 4,842.86 million, an increase of 31.19 pct over the corresponding period of the previous year.

With the reinforcement of its ground express product ‘Dart Surfaceline’ last year, Blue Dart has now expanded its reach to over 20,955 locations across the country. Pioneers in India’s air express segment, Blue Dart today operates six air freighters, across 62 air routes with a payload capacity of 300 tonnes per night.

1 INR = 0.0237638 USD

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China Post EMS Same-day Delivery between Beijing and Tianjin Launched

Posted by | Jul 31, 2008 | |

China Post Group announced that from August 1, 2008, the EMS Same-day Delivery Service will be introduced between the designated regions of Beijing and Tianjin.

The Service currently can only be used for the document items. Any document EMS posted before 11 a.m. will be delivered before 6 p.m. the same day. Door pick-up and posting at designated post offices can be provided for customers who want to use the Service. The price for each document EMS is RMB 20 for 500 grams with RMB 6 for any additional 500 grams. Besides, a special service charge of RMB 5 will be applied to each item for the guarantee of quality service.

With the utilization of Beijing-Tianjin Express Train, China Post EMS is dedicated to offer customers the premium and reliable express service between Beijing and Tianjin.

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Deutsche Post Profit Falls 11 pct on DHL U.S., Postbank

Posted by | Jul 31, 2008 | |

Deutsche Post AG , said second-quarter profit fell 11 percent on costs to revamp the DHL Express division’s U.S. unit and after writedowns hurt earnings at Deutsche Postbank AG.
Net income fell to 254 million euros (USD 396 million), or 21 cents a share, from 285 million euros, or 24 cents, a year earlier, Bonn-based Deutsche Post said in a statement. Sales rose 5 percent to 16.2 billion euros.
Chief Executive Officer Frank Appel forecast in May that the DHL U.S. express-delivery unit will suffer a loss of USD 1.3 billion this year as a slowing U.S. economy hurts demand for air shipments and the business struggles to compete with United Parcel Service Inc. and FedEx Corp. Postbank, also based in Bonn, yesterday 30th July reported a 21 percent drop in second-quarter profit because of writedowns on debt-related investments.
Deutsche Post announced plans in May to limit losses at the U.S. express-delivery operations by shrinking the network, firing workers and transferring air deliveries to Atlanta-based UPS. The revamp will cost the mail carrier USD 2 billion through 2009, it forecast at the time. Deutsche Post said today the unit’s reorganization is “on track” and that talks with UPS over a final contract are making progress.
Postbank, of which Deutsche Post owns 50 percent plus one share, said yesterday that second-quarter net income fell to 119 million euros from 151 million euros a year earlier after writing down the value of securities by 143 million euros. The quarter’s markdowns bring Postbank’s total losses related to the U.S. subprime-mortgage-market collapse to 429 million euros.
Appel said in a statement today that the mail carrier is having discussions with “various potential partners” on the bank’s future. Deutsche Post announced June 25 it’s holding “exploratory” talks about a sale of Postbank as the company focuses on mail, express deliveries and logistics.
Postbank may fetch 9 billion euros to 11 billion euros, Carsten Werle, an analyst at Sal. Oppenheim in Frankfurt, wrote to investors this month. The bank has a market value of about 7.6 billion euros after the stock dropped 23 percent this year.

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UPS Strengthens Air Network in Mexico

Posted by | Jul 31, 2008 | |

New Airbus 300-600 to Increase UPS Air Cargo Capacity by 66 Percent

UPS announced the integration of an Airbus A300-600 freighter aircraft to service the Mexican market.

As of July 29, the Airbus 300-600’s route includes Mexico City and will become a key element in the growth of UPS’s express package and international air cargo services in central Mexico.

With the arrival of the A300-600, which replaces a smaller capacity Boeing 757-200, UPS has increased its international air cargo capacity by 66 percent to address the growing needs of its Mexican customers. The new aircraft will fly five times a week from Worldport, UPS’s all-points international air hub in Louisville, Ky., to Mexico City.

With the aircraft change and increased capacity, UPS is reaffirming its commitment to Mexico by investing in the infrastructure necessary to ensure that Mexican businesses can reach global markets. UPS provides a robust express package and international air cargo portfolio that includes UPS Worldwide ExpressSM, UPS Express FreightSM, UPS Air Freight DirectSM and UPS Air Freight ConsolidatedSM.

The deployment of the A300-600 is just the latest in a series of actions by UPS to strengthen its operations in Mexico, most recently by opening the UPS Center in Villahermosa, Tabasco, earlier this month.

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First Potomac Realty Trust signs 75,000 square foot lease with FedEx ground

Posted by | Jul 31, 2008 | |

First Potomac Realty Trust announced that it has signed a five-year lease with FedEx Ground, a subsidiary of FedEx Corporation for approximately 75,000 square feet at 1920 Campostella Road in First Potomac’s Diamond Hill Distribution Center in Chesapeake, Va. The facility will house the company’s residential delivery service, FedEx Home Delivery.
Diamond Hill is a four-building industrial park, totaling 712,500 square feet on 37.43 acres of land, located adjacent to Route 64.
Scheduled renovations to the space are underway with FedEx Home Delivery operations expected to occupy the space in the fourth quarter of 2008.
FedEx Ground will relocate its local FedEx Home Delivery operations from a 32,000 square foot facility in Norfolk to the new Diamond Hill location. The move is part of FedEx Ground’s nationwide network expansion plan which calls for the addition of seven new hubs, the expansion of 21 existing hubs and the expansion or relocation of more than 230 local facilities by 2013. The expansion will boost the daily package volume capacity of the FedEx Ground network, which includes FedEx Home Delivery, from the current 3.8 million to 5.6 million packages by the end of its 2013 fiscal year.
FedEx Home Delivery, a service of FedEx Ground, specializes in convenient residential ground delivery service. With a network of 500 distribution hubs and local pickup-and-delivery terminals, FedEx Ground has a workforce of more than 70,000 employees and independent contractors and 20,000 motorized vehicles delivering over 3.8 million packages daily throughout the United States, Canada and Puerto Rico. The company reported annual revenue of USD 6.7 billion in fiscal year 2008.

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