Tag: Courier/Express/Parcels

Mory Group: Press release from Alain Breau

Posted by | May 9, 2008 | |

MORY confirmed the launch of an operation aiming to strengthen the equity of the holding, after re-capitalization of its subsidiary MORY TEAM late last December.

This new operation, agreed by all MORY group shareholders, totals EUR 35M split as follows:

– EUR 15M capital increase, raising from EUR 28 M to EUR 43 M
– EUR 20M of subordinated convertible bonds, of near common equity nature.

At the end of the operation, which will take place over the next few weeks, managers will hold 65 pct of the capital and half of the convertible bonds, whilst the two investment funds (Bridgepoint and Barclays) that support the company since 1999 will hold 35 pct of the capital and the other half of the convertible bonds.

Through this transaction, shareholders renew their support and confidence in the future of MORY group, especially for 2008 which will see consolidated sales exceed 1 billion euros, i.e. twice that of 2000.

Recent securing of major contracts in transportation and logistics, as well as growth of overseas subsidiaries, along with tariff increase needed on the French market will allow MORY group to return in 2008 to profitability rates it had in the years 2000 to 2005 (i.e. 2 pct of EBIT/turnover).

As previously announced, in order to further strengthen their commitment to their company’s performance, group profit centre managers will then be sought to enter the capital of the group main operating subsidiaries.

Through these legal and financial operations, MORY group intends to establish the foundation of a 3 year development plan (2008-2010) which will allow the group to continue expansion in France and abroad in transportation and logistics, whilst ensuring its independence and home control.

This 3 year plan will be presented and discussed in detail in April.

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UPS board declares dividend

Posted by | May 8, 2008 | |

The UPS Board of Directors today declared a regular quarterly dividend of USD 0.45 per share on all outstanding Class A and Class B shares.

The dividend is payable June 3, 2008, to shareholders of record on May 19, 2008. UPS has either increased or maintained its dividend every year for more than three decades.

The newly elected Board, in setting its structure for the year, changed the composition of its Nominating and Corporate Governance Committee. That committee will include independent directors Duane Ackerman, Ann Livermore and Stuart Eizenstat and will be chaired by Ackerman.

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Toll purchase of Courier Australia boost to WA presence

Posted by | May 8, 2008 | |

Toll Holdings has reached an agreement on the purchase of West Australian
based Courier Australia.

Courier Australia is a Courier and Express transport and logistics group, based in
Western Australia. It was established in 1959 and employs about 600 staff and
independent contractors in that state. Courier Australia has a strong regional
network in Western Australia which will add scale to some of Toll’s existing
courier and express businesses.

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Eco-friendly electric delivery vans launched in Wuhan (PRC)

Posted by | May 8, 2008 | |

TNT and Dongfeng Automotvies yesterday launched trials of China’s first two zero-emissions electric delivery vans in Wuhan, the capital of Hubei province.

The electric delivery vans are powered by rechargeable batteries and do not use any petrol. They will operate emission-free in the central city areas of Wuhan, servicing the express delivery needs of TNT’s customers. TNT’s CEO Peter Bakker said that the trial launch of China’s first two electric delivery vans is significant as it will be the first market outside of Europe that TNT is undertaking these trials.

TNT and Dongfeng Automotvies yesterday launched trials of China’s first two zero-emissions electric delivery vans in Wuhan, the capital of Hubei province.

The electric delivery vans are powered by rechargeable batteries and do not use any petrol. They will operate emission-free in the central city areas of Wuhan, servicing the express delivery needs of TNT’s customers. TNT’s CEO Peter Bakker said that the trial launch of China’s first two electric delivery vans is significant as it will be the first market outside of Europe that TNT is undertaking these trials.

He said the trials will reduce CO2 emissions from their own delivery fleet, and that that they would establish six new international express service locations in China this year and plan to also establish a network linking China, Vietnam and Singapore. Peter Bakker said that electric delivery vans are designed mainly to provide short-distance and intra-city express services.

Although electric delivery vans are still expensive in terms of research and development costs, Peter Bakker emphasized that they are cheap to maintain and thus beneficial for the long-term interests of both consumers and for environmental protection.

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DHL Vice President wins award from leading transportation industry advocacy group

Posted by | May 8, 2008 | |

DHL announced that Al Burba, vice president of field sales for DHL Express, has been honored as the 2008 “NASSTRAC Associate Member of the Year.

NASSTRAC provides education, advocacy, connections and solutions for professionals involved in all areas of transportation. NASSTRAC’s Chairperson, Gail Rutkowski, along with its executive committee and staff, recommended Burba for the award due in part to his active leadership role with the organization’s newly formed Carrier Advisory Council.

According to Rutkowski, Burba has also assisted in the development of curriculum for educational forums, secured shipper participation in NASSTRAC, and brought new, creative thinking and approaches to the organization, which has helped professionals who manage freight decisions collaborate with fellow supplier members.

NASSTRAC involves mid- to upper-level management of transportation or supply chain management companies. Industries including retail, pharmaceutical, chemical, cosmetics, food and beverage, and manufacturing are represented. As a leading advocacy organization for the transportation industry, NASSTRAC helps its members stay on top of legislative developments, regulatory issues and related transportation issues impacting shippers.

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