Tag: Courier/Express/Parcels

DHL Hub Leipzig: The last hurdle is cleared in Brussels

Posted by | Jul 23, 2008 | |

Deutsche Post welcomed the conclusion of the most recent state aid proceedings with an eye on the new hub of its express subsidiary DHL. The proceedings against the Free State of Saxony, which have been pending since 2006, have focused on the state’s financial contribution to the construction of a new runway at Leipzig Airport. In its decision, the commission did not object to the contribution.
An additional aspect of the proceedings dealt with financial guarantees of Saxony and the airport with regard to permanent 24-hour use of the airport among other things. Commitments to liability had been made here, since unlimited use of its facilities in Leipzig is indispensable for DHL as an express company and the company had sought maximal security for its investments at that time. The commission has now declared the commitments as not permissible.
No negative consequences result for the hub itself, however. Operations and the required investment security have been ensured in the meantime to the greatest possible extent through political and legal decisions.
CEO Frank Appel emphasized that Deutsche Post can live quite well with the commission’s decision: “We have obtained in the meantime the long-term security that DHL urgently needs at the Leipzig location. After the conclusion of the last EU Commission’s proceedings we can really say that we no longer see any restrictions from Brussels on the further operations of our express business at this important location.”
The limited reimbursement requirement also has no consequence whatsoever on the operational day-to-day business nor on DHL’s decision to operate the central European hub in Leipzig for the long term.

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Preview of second quarter: Deutsche Post World Net

Posted by | Jul 23, 2008 | |

Although there was some evidence of market growth slowing in Air Freight Forwarding and Express in the second quarter, Deutsche Post World Net still showed strong growth in underlying EBIT of around 18 percent. On an underlying basis all divisions met or exceeded last year’s second-quarter results.
Revenue growth has been increased by higher fuel costs that were recovered from customers. At the same time, foreign exchange effects continued to reduce revenue growth compared with the year-earlier period.
The revenue increase before foreign exchange effects was approximately 9 percent in the second quarter and reported revenue increased by about 4 percent.
Based on the first-half results and assuming no significant worsening of the global economy, the Group is maintaining its full-year guidance for 2008 and expects underlying EBIT of 4.1 billion euros.
While the U.S. air express market continues to soften, measures to restructure DHL Express U.S. are on track and negotiations with UPS are making satisfactory progress. An update on this matter will be issued after the conclusion of negotiations with UPS.
The full set of half-year accounts will be released on July 31, 2008 at 07:00 CEST. A press conference with Chief Executive Officer Frank Appel and Chief Financial Officer John Allan will be held at 10 a.m. CEST. An investor call will be held at 14:00 CEST.

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DHL selects DataCert's AIMS for manage legal services spend

Posted by | Jul 23, 2008 | |

DataCert, a provider of legal and IP spend and matter management solutions, has announced that DHL has chosen its advanced invoice management system to help the worldwide express delivery and logistics company simplify the legal invoice payment process and control its legal spend.

Using DataCert’s legal spend management software, DHL’s law firms and vendors can submit invoices in an electronic format. Line items that do not comply with DHL’s corporate billing guidelines will be corrected or flagged for further review. Advanced invoice management system (AIMS) will also guide each invoice through designated workflows and approval postings, creating a legal spend database.

This reportable database of comprehensive legal spend data will give DHL’s legal department the ability to analyze, forecast and reduce future spend.

Jon Olin, general counsel for Americas at DHL, said: “DHL selected AIMS for its ability to provide a substantial return on investment both financially and operationally. The actionable metrics produced by AIMS will help us develop an in-depth understanding of our legal spend and drive strategic business decisions regarding law department operations.”

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Deutsche Post "overweight," target price reduced

Posted by | Jul 23, 2008 | |

Analysts at JP Morgan maintain their “overweight” rating on Deutsche Post AG while reducing their estimates for the company. The 18-month target price has been reduced from EUR 27 to EUR 23.3.

In a research note published on 21st July, the analysts mention that the company witnessed weaker-than-normal trends this summer due to macro economic and earnings concerns. Deutsche Post’s performance for the current year has also been negatively impacted by fuel, labour and cost concerns, the analysts add. Deutsche Post’s current share price does not reflect the robust volume trends in the company’s mail business and some other positive factors, JP Morgan believes. The adjusted EPS estimates for 2008 and 2009 have been reduced from EUR 1.86 to EUR 1.71 and from EUR 2.12 to EUR 1.76, respectively

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Hino hybrid and TNT express win transport awards

Posted by | Jul 22, 2008 | |

Australia’s first hybrid eco-truck has swept the field in the annual Transport Awards.

PowerTorque magazine presented Hino’s hybrid with the 2008 Technology and Innovation award.

And it recognised TNT Express as the first major courier and parcels delivery company to actively pursue the introduction of eco-friendly transport.

TNT Express has put 10 Hino Hybrid trucks on its national fleet.

TNT Express determined that the Hino Hybrid diesel electric hybrid emits 14 per cent less carbon dioxide than a conventional diesel engined truck of equivalent size.

The company estimates the saving will average 1600 kilograms of CO2 a year per vehicle.

Hino has committed itself to actively promote hybrid as a viable transport resource, especially in urban and suburban deliveries.

The company has spent more than two years promoting the concept in Australia and is now gearing up for a roll-out of new models.

The Hino Hybrid can shut down its diesel engine when the vehicle is stopped and smoothly restart when it is time to move off.

The vehicle captures energy generated under braking and returns it to special batteries for later use in the hybrid system.

TNT Express has further added to the green credentials of its 10 Hino Hybrids.
It has fitted special, strong polypropolene bodies for weight saving and recyclability, and a roof spoiler designed to cut wind drag during travel on many of the 80km/h ring roads which service major cities.

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