Tag: Courier/Express/Parcels

FedEx opens new operations centre in Spain

Posted by | Jul 21, 2008 | |

FedEx has opened a new operations centre in Valencia, southeast Spain, to serve 14 routes across the regions Murcia and Valencia.

“The new 1,677 sqm facility will shorten some delivery times by up to five hours”, said Ian Silverton, head of operations and legal representative for FedEx Spain.

FedEx offers collection and delivery services throughout Spain, with Madrid, Barcelona Valencia and the Basque Country offering the greatest potential for express services.

FedEx’s worldwide sales rose in the last quarter of the group’s financial year ending 31 May 2008 by 8 pct to USD 9.9billion. The company has 671 aircraft and 70,000 vehicles. It is investing heavily in the rapidly growing markets of India and China, focusing on improvements particularly in Delhi and northern India and on its 48-hour express service within China.

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DHL Express launches Saint Petersburg-Helsinki flight

Posted by | Jul 21, 2008 | |

DHL, the world leader in express and logistics, this week launched a regular cargo flight on the St. Petersburg-Helsinki-St. Petersburg route. The flight will operate 5 days per week, using an Antonov-26 aircraft with a capacity of 5 tons.

DHL’s aviation division has chosen this routing because it offers optimal transit times and reliable service for Russian customers, connecting directly with DHL’s international aviation network, which utilizes over 350 aircraft worldwide.

According to Adrian Marley, Country Manager DHL Russia, ‘The launch of this flight is yet another step to deepen our aviation capabilities in Russia. It demonstrates the successful growth trends of our company and will help us to further enhance the services that DHL provides to its customers in Russia and worldwide.’

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UPS and Staples open co-branded store in China

Posted by | Jul 21, 2008 | |

UPS and Staples have opened another co-branded store in Shanghai expanding their strategic partnership in China, according to the business information provider SinoCast.

Following the opening of the two “Staples UPS Express” locations in Beijing in 2007, the additional location has been opened in the business centre Xintiandi in the Luwan District, Shanghai. The new store has an operational area of 330 sqm, engaged in providing easier and more convenient services for office supply and files buyers as well as UPS’ parcel and international transportation services.

The UPS and Staples co-branded store format combines a broad range of core offices supplies and document processing services from Staples with packaging and international shipping services for business customers and consumers from UPS.

China has become the most important international market of UPS and is creating huge demands for the company. UPS already opened its first two UPS Express retail centres in Shanghai in August 2006 as part of its planned wider expansion of UPS-branded retail outlets in the Asia-Pacific region.

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Earnings Preview: Economy weighs on UPS profits

Posted by | Jul 21, 2008 | |

Slowing U.S. economic growth and high fuel costs are expected to put a damper on United Parcel Service’s results for the April-June quarter. The Atlanta-based company lowered its earnings expectations for the quarter on June 23.

UPS predicted earnings per share for the second quarter, which ended June 30, would be within a range of 83 cents to 88 cents, compared with the 97 cents to USD 1.04 the company originally anticipated.

UPS is able to pass higher fuel costs on to customers in the form of a fuel surcharge on shipments. However, the surcharge increases have not kept pace with rapidly rising fuel prices. Meanwhile, UPS’ business has suffered amid the economic downturn in the U.S. The result has been lower-than-expected domestic package volume and customers making less use of premium air products.

UPS last month did not say what impact its lower expectations for the second quarter might have on its full-year results. But analysts have lowered their projections for UPS’ full-year results.

Wachovia Capital Markets analyst Justin Yagerman said in a research note last week that the U.S. economy will continue to be shaky for the rest of 2008, which will likely affect UPS’ results.

He also said that UPS’ international results going forward could be affected by slowing economic growth in Europe. Long-term, however, he said he remains bullish about UPS’ overall business prospects.

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FedEx chief says U.S. is not in a recession

Posted by | Jul 21, 2008 | |

FedEx Corp. Chief Executive Officer Fred Smith said the U.S. economy isn’t in a recession and that oil prices will “drift down for a while.”

FedEx said in June the coming year would be “very difficult” because of near-record fuel prices and a cooling domestic economy. U.S. shipping volume fell 3.4 percent for the three months ended May 31, as fuel surcharges for express service reached 28 percent.

Oil will likely fall in the second half, Smith said, declining to predict a price. “Whether it stays at USD 140 or goes down to USD 110 is anyone’s guess,” he said. “Barring some global event, I think oil prices will drift down for a while.”

Crude jumped more than 70 percent in the past year, closing at a record USD 145.29 a barrel on July 3. The price has dropped 10 percent since then, to USD 130.10 this morning on the New York Mercantile Exchange.

While some shippers are still trading down to cheaper shipping options such as two-day or ground delivery, the “vast majority” of those switches have occurred already, Smith said. Intercontinental express shipments are growing at a “good rate,” he said, without giving specific figures.

Smith wouldn’t comment on his interest in any acquisitions. The Financial Times reported on July 12 that FedEx is in preliminary discussions to buy TNT NV, Europe’s second-biggest express-delivery company.

There have been “lots of rumors swirling about TNT for years,” Smith said. “We don’t comment on corporate development activities.”

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