Tag: Courier/Express/Parcels

UPS releases first quarter results

Posted by | Apr 23, 2008 | |

UPS reported increased revenue in all segments with double-digit gains in both international package and supply chain and freight operations. A sharp decline in U.S. economic activity, however, led to a 9.4pct drop in diluted earnings per share to USD 0.87 compared to a prior-year adjusted USD 0.96.

In 2007, first quarter adjusted earnings per share excluded an impairment charge related to aging jet aircraft and expenses for a voluntary separation program. Including these charges, diluted earnings per share for the first quarter of 2008 increased 11.5pct over the USD 0.78 per share reported in the prior year.

For the three months ended March 31, 2008, consolidated revenue increased 6.5pct to USD 12.7 billion while consolidated average daily volume remained flat at 15.1 million packages per day. Consolidated average revenue per piece increased 5.4pct.

“U.S. economic activity deteriorated more rapidly than expected during the quarter,” said Scott Davis, UPS chairman and CEO. “While we will be extremely vigilant with respect to costs in this difficult environment, we will not lose our focus on growing the business. We will continue to invest in the infrastructure, new products and services that will enable our customers to succeed in the global marketplace.

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Netflix moves firmly, but cautiously into more web-enabled entertainment

Posted by | Apr 23, 2008 | |

Netflix Inc. is well on its way to transitioning from a DVD rental company into an organization that will deliver subscribers Internet-based entertainment content to a variety of web-enabled devices, CEO Reed Hastings told analysts on the company’s first quarter earnings call.

Netflix, No. 18 in the Internet Retailer Top 500 Guide, announced in January a relationship with LG Electronics to develop a new device that consumers can hook up to their high-definition TVs, enabling them to use the Internet to purchase and download movies. Netflix is pursuing deals with four other unidentified consumer electronics companies, which Netflix expects to have signed and in place by the end of the year, Hastings told analysts.

With web-enabled TVs and mobile devices, subscribers can watch movies streamed from Netflix.com just as they can do now on their personal computers, says Netflix. The company has 90,000 DVD titles in its library and more than 6,000 movies and TV episodes that members can purchase and download to their computers.

Despite the deals with additional manufacturers, Netflix is cautious and will not move away too quickly from its current DVD and entertainment content business model. “Nothing about these agreements will be material to our financial results for the foreseeable future,” Hastings told analysts. “We’ll take it year by year and model by model as we and our consumer electronics partners come to understand the opportunity better.”

Netflix reported net income of USD 13.4 million on revenue of USD 326.2 million in the first quarter compared with net income of USD 9.9 million on revenue of USD 305.3 million in the prior year.

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TNT Post makes promotions after regional growth

Posted by | Apr 22, 2008 | |

TNT Post has appointed Charles Neilson as Divisional Managing Director of its regional business and promoted Mark Davies to Neilson’s former role of Managing Director of TNT Post Doordrop Media.
In his new role, Neilson will be responsible for growing the number of business customers in the regions. He has worked at TNT for 14 years and is particularly experienced in strategic planning and technology.
According to TNT, its regional business has experienced impressive growth in the last 12 months: to date, TNT serves more than 1,000 SME customers and last year grew its volumes by more than 100m items.
Neilson said: “The development of the regional businesses is a tremendous success story for TNT Post and offers further expansion opportunity, particularly in the end-to-end market.
“By growing this part of the business, more and more local businesses and SMEs will be able to benefit from high quality, innovative and cost effective services for the first time ever.”
Davies will take over Neilson’s responsibilities for growing TNT’s Doordrop division, which was formerly known as Circular Distributors, in a promotion from his role as the division’s new Business Director.

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FedEx adds more solar-powered operations to facilities in California

Posted by | Apr 22, 2008 | |

FedEx Corp. announced that its operating company FedEx Freight has completed the installation of a solar-electric system in Whittier, Calif., and is nearing completion on a similar solar-powered facility in Fontana, Calif. Both systems will provide a substantial portion of the facilities’ peak energy needs.

The 282 kilowatt (kW) solar power system in Whittier has the capacity to produce over 414,000 kilowatt hours (kWh) of electricity each year, providing almost 40 percent of the facility’s annual energy needs and significantly reducing the service center’s dependence on the electric grid. The Whittier terminal employs about 500 workers and serves the East Los Angeles area.

In 2005, FedEx Express activated a 904 kW system at its Oakland, Calif., hub facility that meets up to 80 percent of that facility’s peak energy demand and produces power equivalent to that used by more than 900 homes during the daytime. At the time, the Oakland project was California’s largest corporate solar-power roof-top installation.

To complete the Whittier system, 1,445 solar panels were installed on 22,000 square feet of the facility’s roof space. BP Solar, part of the global energy major BP, manufactured the panels and served as the project developer.

FedEx and BP work together strategically to identify, develop and implement a range of solutions to increase FedEx’s security of energy supply while improving its environmental performance.

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DHL, UPS target Latin America growth

Posted by | Apr 22, 2008 | |

DHL Express and UPS plan to invest more in Latin America this year to grow their business in the region and partly compensate for the impact of the slowing US economy.

Roger Crook, CEO DHL Express International Americas, told Chilean newspaper El Mercurio that the company planned to invest about USD 70 million in Latin America during 2008 and aimed to grow about 12 pct. Plans include two new offices in Chile but he did not disclose further details of the investment.

A significant proportion is likely to go to Mexico, however, in view of DHL’s plan to spend USD 112 million there over the next five years. Crook said early last year that DHL would invest USD 80 million in the region and was aiming for 15-20 pct growth in 2007.

Meanwhile, UPS, which during 2006-07 invested USD 7 million on 15 new operation centres to extend its Mexican network to 35 locations, is opening a further eight centres in the country this year, according to Mexican newspaper El Financiero.

Rubén Medina, UPS international sales manager, told the newspaper that despite the US economic slowdown, the operator’s Mexican exports grew by 5 pctin the final quarter of 2007. UPS will also aim to win more business among manufacturing companies along the Mexican border and SMEs this year, he added.

Mexico is the largest market in Latin America for UPS which has five daily flights from Mexico City to five different US airports. UPS has invested USD 39 million in Mexico since launching operations there in 1989, the newspaper said.

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