Tag: Courier/Express/Parcels

Deutsche Post seeks tie-up in U.S. for Express

Posted by | May 18, 2008 | |

Deutsche Post AG. is seeking to solve problems at its loss-making Express business in the United States by forming a cooperation with a partner in that country, with Fedex Corp and the U.S. Postal Service as likely candidates, Euro am Sonntag reported, citing sources.

It said Deutsche Post has ruled out United Parcel Service Inc as a potential partner.

If Deutsche Post does not find an appropriate partner, it would let its DHL Express unit operate key hubs in the United States and then work with regional-based companies to deliver the parcels, the report said.

Deutsche Post chief executive Frank Appel told the AGM on May 6 that a complete exit from the U.S. market is not an option for the company.

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ABX to renew with DHL

Posted by | May 18, 2008 | |

ABX Air will renew its hub and line haul services agreement with DHL.

The contract has an automatic one year renewal clause set for Aug. 15 if neither party cancels at least 90 days before the anniversary date. ABX Air, a subsidiary of the recently renamed Air Transport Services Group, provides sorting, maintenance, and other logistics services in support of DHL’s express package network in the United States, including management of DHL’s national sorting center in Wilmington, Ohio, and 15 of its regional sorting centers across the country.

ABX Air earns base markup revenues equal to 1.75 percent of eligible expenses it incurs under the agreement, and can earn additional markup revenue based on its performance against certain cost and service goals. In 2007, ABX Air’s revenues were $317 million, and its pretax earnings were USD 7.6 million, from services provided under this agreement.

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FedEx Chief confident on US exports

Posted by | May 18, 2008 | |

Fred Smith, founder and Chief Executive of package-delivery pioneer FedEx, said growing demand from developing countries for high-technology and other valuable goods would assure continued growth in US exports even if the dollar’s slide reversed.

Economists from Goldman Sachs and Citigroup have predicted that the narrowing trade deficit could add one-half of a percentage point to the US’s gross domestic product in the first quarter.

While the dollar’s decline has helped make US goods more attractive to overseas businesses and consumers, it will not be the primary driver of a sustained growth in exports for high-value products, Mr Smith said.

The burgeoning wealth of emerging economies has spurred demand for many high-end goods made in the US, from network routers to artificial knees and hips.

The advent of electronic commerce has eliminated language barriers and other traditional impediments to international trade, he said.

FedEx warned investors this month that the run-up in fuel costs would leave the company short over its quarterly profit forecast.

While FedEx can pass price increases to customers by increasing its fuel surcharges, the higher fees do not kick in immediately. “We can’t pass it along fast enough to recover it,” said Mr Smith.

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Deutsche Post seeks tie-up in U.S. for Express, but not with UPS

Posted by | May 18, 2008 | |

Deutsche Post AG. is seeking to solve problems at its loss-making Express business in the United States by forming a cooperation with a partner in that country, with Fedex Corp and the U.S. Postal Service as likely candidates, Euro am Sonntag reported, citing sources.

It said Deutsche Post has ruled out United Parcel Service Inc as a potential partner.

If Deutsche Post does not find an appropriate partner, it would let its DHL Express unit operate key hubs in the United States and then work with regional-based companies to deliver the parcels, the report said.

Deutsche Post chief executive Frank Appel told the AGM on May 6 that a complete exit from the U.S. market is not an option for the company.

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Fahy leaves DHL Global Forwarding

Posted by | May 16, 2008 | |

DHL Global Forwarding’s President and Chief Executive Officer, Chris Fahy, has reached an agreement to leave the company.

On 4 March, Herman Ude was appointed to run the newly combined Global Forwarding and Freight business unit, effectively taking over Fahy’s role within the company. Ude previously headed up the Freight business unit.

In further moves, former Managing Director Marketing & Sales for DHL Express Europe, Thomas George, has been appointed by Ude to take over the running of the loss-making Freight business unit on his behalf.

In addition, DHL’s Global Customer Solutions Chief Executive Officer, Rolf Habben-Janse, has resigned from the company to join Maersk Logistics/Damco, as its new Chief Executive Officer.

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