Tag: Courier/Express/Parcels

Good News for MORY announced by Alain Breau

Posted by | Jun 17, 2008 | |

Concerning MORY, which is the only company I know and about which I would like to talk, I have the pleasure to communicate two good news.

– The first one is that the MORY Group as a whole is clearly profitable from the beginning of 2008, which is probably not the case of many of our competitors, in this depressed economical environment. This is the result of the application of selling rates covering our costs and also of a fuel surcharge. It is due to the improvement of our quality and productivity.

– The second one is a 35 million Euro rise of our capital, to which all our shareholders especially the investment bankers BARKLAYS and BRIDGEPOINT subscribed. They now have 1/3 of the capital of the MORY Group; the majority of the capital is still controlled by the management.
Would financial institutions invest in a company, in which they see no future.

The conditions for MORY to continue as an independent and successful operator are met, even if it displeases envious competitors, especially those which existence is guaranteed by their share holders and not necessarily their efficiency.

Yours Faithfully
Alain Bréau

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Korea Express says to hand local JV stake to UPS

Posted by | Jun 17, 2008 | |

Korea Express Co Ltd, a country logistics company, said it had signed a deal to hand its 40 percent stake in a local joint venture to United Parcel Service Inc .

It did not disclose the value of the transaction.

Atlanta-based UPS had owned 60 percent of UPS-Korea Express, launched in 1996.

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DHL signs new agreement with leading motorcycle manufacturer

Posted by | Jun 17, 2008 | |

DHL announced a two-year, multimillion-dollar agreement with KTM North America, Inc., a motorcycle manufacturer.
Under the agreement, DHL becomes the preferred overnight express shipping provider for KTM, delivering parts and accessories to KTM dealers across the U.S. and Canada, while providing the latest automated tracking, shipping and invoicing solutions.
DHL will also be the official shipping provider for KTM racing teams, delivering bike parts and accessories needed at motor sport events.
KTM is one of the world’s leading manufacturers of off-road, street motorcycles and ATVs. DHL will provide KTM with its domestic express and international services for delivery of motorcycle parts, accessories and safety gear from KTM’s distribution center in Cleveland, Ohio to more than 350 KTM dealers across the U.S. and Canada. DHL will also transport specialized motorcycle parts and safety gear to KTM teams at competition venues in the U.S.
DHL is the first shipping and logistics provider that will enable KTM to receive its invoices electronically, through an electronic interface between KTM’s Austria headquarters, its U.S. operation and DHL’s own backend system. DHL has also integrated its backend shipping network with KTM’s order management system, cutting the shipping preparation time from seven minutes to only seconds per package.

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Europe-wide survey finds online shopping fails to deliver for customers

Posted by | Jun 17, 2008 | |

Online shopping may be a favourite for convenience and price but it still fails to deliver for a significant number of purchasers.

That’s the finding of a Europe-wide survey of consumer rights centres which shows that the number one problem shoppers have with online suppliers relates to delivery of goods.

Half of all 10,386 complaints about online purchases reported to the 27 branches of the European Consumer Centre (ECC) network last year were about delayed, missing or damaged deliveries, with traders tending to offload blame to postal and courier services.

A further 25% of the complaints related to the quality or suitability of the actual product or service, while 11% were about disputes over terms in the transaction contract.

Problems encountered by Irish customers included a customer who bought tickets for two Irish international rugby games from a Spanish trader but didn’t get the tickets in time for the matches and is still trying to get a refund, and a woman who ordered a camera from a French webtrader only to be informed the item was not in stock. She was moving house and could not wait several weeks for delivery and so cancelled the order but had to get ECC Ireland onto ECC France before she got her refund.

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Omega United, Inc. dba SkyPostal Networks completes USD 10 million private placement

Posted by | Jun 16, 2008 | |

Omega United, Inc. dba SkyPostal Networks, Inc., an international mail distribution company specialising in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced the completion of a private placement financing totaling USD 10 million. Falcon Capital, a boutique investment banking firm based in London, acted as placement agent for the financing.
The Company also announced it converted approximately USD 3.2 million of debt into equity in the form of common shares. The new combined capitalisation of over USD 13 million strengthens SkyPostal’s now totally debt free balance sheet.
The net proceeds of the offering will be used to improve the hand delivery network in LAC with the deployment of its GPS delivery confirmation system, expand services to customers, and for potential acquisitions. “We believe this financing will enable SkyPostal to substantially accelerate progress toward our key strategic initiatives and solidify our market presence,” said Albert P. Hernandez, SkyPostal President and CEO. “With recent developments and the closing of this private placement, SkyPostal will be able to consolidate its network in LAC and expand its service offering to Europe. With this additional capital, we will be able to fast track the growth of the company both organically and through strategic acquisitions.”
SkyPostal has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the LAC region for the delivery of commercial mail, periodicals and parcel post.

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