Tag: Courier/Express/Parcels

TNT 2nd quarter performance

Posted by | Jul 28, 2008 | |

Group
• Operational revenue growth 7.5 pct
• Operating income resilient
• Strong operating cash flow
Express
• Operational revenue growth overall 10.7 pct; core volume growth 6.9 pct
• Sudden pressure on volume growth in June; recovering somewhat in July
• Sharply increasing fuel costs in quarter; time lag effect costs EUR 7 million
• Strong growth in Emerging Markets at 18.3 pct
• Operating income at constant fx up 5.3 pct
Mail
• Emerging Mail & Parcels operational revenue growth at 15.6 pct
• Operating income robust, but under pressure from expected volume declines and higher salary costs
• Agreement with unions on collective labour agreement
Outlook
• Full year 2008 expected to develop within outlook range, albeit at low end
• Express cost savings programme EUR 100 – EUR 125 million announced; fully realised in 2010
• First indication cash generation programme; EUR 300 – EUR 400 million by end 2009 from real estate and working capital
CEO Peter Bakker comments:
“The second quarter of 2008 has seen a shift in trading volumes in Express. In April and May the volumes in Europe were in line with the preceding quarters, but in June we have experienced a slow down in the premium Express volumes in Europe. The sharp rise in fuel prices during the quarter and the general economic outlook have impacted both our customers and us. The resilience of TNT is however best demonstrated by the fact that the volumes in our European Road Network have continued to grow throughout the quarter and in June. Also our emerging market activities in Brazil, China and India, with the connecting lanes to Europe, have all shown double-digit growth.
In Mail the results were robust. Volume declines were at the expected levels, with substitution in letter mail being the main driver. It was pleasing to see that after a long negotiation period the Unions and TNT Post have agreed a new collective labour agreement and avoided a national mail strike. This agreement creates the framework for more market conform labour conditions, through a separate Production labour agreement. The short term impact of the CLA has seen an increase in wage costs that contributed to the expected decline in the operating margin at Mail in Q2.
The quality and mix of our network, combined with cost saving programmes as announced today, give me confidence in our performance, also under more difficult circumstances. The development in Brazil, China and India, continue to show the differentiating nature of our strategy is working.”

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TNT shares fall as Q2 disappoints on Express volumes

Posted by | Jul 28, 2008 | |

Shares in TNT NV fell on Monday as the Dutch postal group said it expects full-year 2008 organic growth and operating margins to come in at the low end of its guided range as it reported worse-than-expected second quarter results.

Net profit fell to 205 million euros from 244 million euros, missing estimates of 224 million to 232 million, while EBIT was 324 million euros, down from 330 million last year and below estimates of 339 million to 352 million.

‘The sharp rise in fuel prices during the quarter and the general economic outlook have impacted both our customers and us,’ TNT chief executive officer Peter Bakker said in a statement.

TNT said the full-year 2008 is expected to develop within its outlook range, albeit at the low end.

It had earlier guided for Mail to show a low single-digit organic sales growth, with an operating margin around 16.5 percent.

At the Express division, TNT previously said it expects high single-digit organic sales growth in International & Domestic, with a low double-digit operating margin.

Shares fell almost 11 percent in morning trade before recovering slightly.

Divisionally, the Express division reported EBIT of 153 million euros up 1.3 percent from 151 million last year.

TNT said it saw a sudden slowdown in air volumes in June, but CEO Bakker said in a press conference that the decline was less strong in the first couple of weeks of July.

At the Mail division, EBIT fell to 173 million euros from 181 million, due mainly to volume declines in the Netherlands, where TNT expects volumes to decline by 3 percent to 4 percent per year until at least 2012.

Bakker also downplayed that TNT might make acquisitions of its own, telling journalists that the company’s strategy can be deployed on a standalone basis led by organic growth.

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Omega United Announces Corporate Name Change to SkyPostal Networks, Inc.

Posted by | Jul 28, 2008 | |

Omega United, Inc. dba SkyPostal, an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced that the Company will officially change it’s corporate name to SkyPostal Networks Inc effective Monday, July 28th. The company’s new trading symbol on the OTC Bulletin Board will be SKPN.

The name change to “SkyPostal Networks” better reflects the Company’s mission to be an international leader in the non-time critical mail and parcel post delivery market, and is expected to support the future promotion of a readily identifiable brand name for the Company’s products.

“We are very pleased to complete the name change to SkyPostal Networks, a name that we believe will enable us to be more marketable on a global scale with a cohesive, instantly-recognizable identity,” said Albert P. Hernandez, SkyPostal’s President and CEO. “Additionally, the name change comes at an opportune time when we are making significant expansions to our product and service offerings.”

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DHL registers remarkable growth in Colombia

Posted by | Jul 25, 2008 | |

DHL registered double-digit growth in the import and export sector of the textile and fashion industry in Colombia. Imports with DHL Express increased by 60 pct during the first semester of 2008 as compared to the same period in 2007, while exports increased by 43pct.

These trends are announced on the eve of DHL’s participation at Colombiamoda, from July 29th thru the 31st, where the company will introduce the customized solutions designed to meet the demanding needs of the textile and fashion industry.

A recent study by research firm In-Trend revealed that the main products fashion designers import from Colombia include pieces and materials such as dyes, machinery, spare parts and thread in addition to textiles and raw materials.

In fact, DHL Express’ exports between Colombia and the United States have increased 60 pct during the first semester of 2008, one of the highest growth rates registered in Latin America. Following the U.S., intra-regional textile and fashion industry exports within Latin American countries encompasses 40 pct of the total textile exports of Colombia, primarily to Venezuela, Mexico, Ecuador, Panama and Peru.

DHL has a complete suite of solutions designed to meet the needs of the textile and fashion industry, such as Import Express, a solution that enables fast, innovative and secure imports in more than 255 countries with a complete customs clearance service.
Similarly, DHL has dedicated consultants at DHL Import Desk center that helps customers through each step of the importing and exporting process, from the required documentation to the rapid customs release. In terms of exporting, DHL Express Worldwide is a service that offers early morning international door to door deliveries.

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GLS inaugurates depot in Tyrol

Posted by | Jul 23, 2008 | |

The parcel and express service provider GLS Austria has opened a new EUR 2 million depot in Zirl (Tyrol, Austria). The facility’s 50 workers and drivers can handle up to 15,000 parcels a day. The 1,650 sqm handling hall with 57 docking stations is located on a 12,000 sqm plot of land directly adjacent to the Inntal motorway. Construction was completed in less than three months, the staff and equipment moved in last weekend, and a few hours later the depot went on stream, and has already processed its first shipments.

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