Tag: Courier/Express/Parcels

DHL in deal with Dubai Industrial City

Posted by | Mar 22, 2008 | |

DHL has entered into a strategic partnership with Dubai Industrial City.

Under the agreement, leading contract logistics company DHL Exel Supply Chain, in collaboration with sister companies DHL Express, Danzas AEI, and DHL Global Forwarding, are developing a unique supply model, said the company said in a statement.

The transPARK is a dedicated logistics park that will provide a single control point for, and access to, a full range of end-to-end logistics services to the companies at Dubai Industrial City.

Dubai Industrial City chief executive officer Rashed Al Ansari said transPARK stands to support the massive demand for logistics services that is being generated by the booming industrial and manufacturing sector.

Considered the third largest non-real estate project in Dubai, Dubai Industrial City aims to promote the continued expansion of the industrial sector in the region, particularly high-value manufacturing and production in the small and medium sector industries. The ultimate objective is to make Dubai less dependent on imports.

Using DHL’s global network, the transPARK complex will be positioned to provide services that include freight, inventory management, distribution and consultancy. transPARK’s warehousing includes storage areas for machinery and vehicles, bulk storage, bonded storage, racked storage, or temperature-controlled storage for perishable goods. Storage space will be leased on an individual or multi-user basis.

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Pakistan Post increases services’ commission

Posted by | Mar 21, 2008 | |

After hike in oil and power tariff, the state-run postal service ‘Pakistan Post’ has increased commission for its various services across the country to meet expenses and announced new rates to be affective from 18 March, it is learnt.

The new increased rates will effect twenty million customers, especially in rural areas of Pakistan where Pakistan Post is the only courier service.

The new charges of Fax Money Order for an amount of up to twenty-five thousand have been increased to Rs 150 from Rs 100. Pakistan Post has also fixed the FMO charges of Rs 300 for the delivery of more than Rs 25,000. The charges of urgent Money Order (local) would be Rs 65 while the city-to-city charges would be Rs 80. Similarly, the charges of normal Money Order have been fixed at Rs 55.

The new rate of local urgent mail service, up to the weight of half kilogram has been fixed at Rs 15 and the rate of urgent mail service city to city are fixed at Rs 30. Pakistan Post Office is one of the oldest government departments in the Sub-Continent. staff report

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FedEx Corp. reports Third Quarter Earnings

Posted by | Mar 20, 2008 | |

FedEx Corp. today reported earnings of USD 1.26 per diluted share for the third quarter ended February 29, compared to USD 1.35 per diluted share a year ago. Last year’s third quarter included an USD 0.08 per diluted share benefit from a reduction in the company’s effective tax rate.

FedEx Corp. reported the following consolidated results for the third quarter:
Revenue of USD 9.44 billion, up 10% from USD 8.59 billion the previous year. Operating income of USD 641 million, unchanged from a year ago. Operating margin of 6.8%, down from 7.5% the previous year. Net income of USD 393 million, down 6% from last year’s USD 420 million. Total combined average daily package volume in the FedEx Express and FedEx Ground segments grew 5% year over year for the quarter, due primarily to growth at FedEx Ground, FedEx International Priority® (IP) and an increase in international domestic express shipments resulting primarily from recent international acquisitions.

Third quarter operating margins declined, as higher fuel prices and a weak U.S. economy limited demand for U.S. domestic express, less-than-truckload (LTL) and copy and print services. The costs of retail service enhancement initiatives, increased marketing and technology expenses and higher expenses at FedEx Ground more than offset the benefits from lower variable compensation and favorable exchange rates.

For the third quarter, the FedEx Express segment reported: Revenue of USD 6.13 billion, up 11% from last year’s USD 5.52 billion. Operating income of USD 425 million, up 8% from USD 395 million a year ago. Operating margin of 6.9%, down from 7.2% the previous year . IP package revenue grew 18% for the quarter, as IP revenue per package grew 10%, primarily due to higher fuel surcharges and favorable exchange rates. IP average daily package volume grew 6%, led by increases in volume originating in Latin America, the United States and Asia. U.S. domestic revenue per package increased 6% due to increased fuel surcharges and higher rate per pound, while package volume declined by 2%.

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Rentokil brings in ex-ICI team to turn business around as CEO departs

Posted by | Mar 20, 2008 | |

Troubled support services conglomerate Rentokil Initial PLC, which has issued two profit warnings in recent months, has hired the executive team that turned around the fortunes of chemicals giant ICI and confirmed the departures of chief executive Doug Flynn and chairman Brian McGowan. Speaking to reporters, acting chairman and senior independent director Peter Long denied the move was a precursor to the pest control to tropical plants business being broken up and sold.

He insisted the group’s new management team are “committed for the long term”.

“We’re not interested in talking to ‘bottom feeders’ who think they can come in and buy some of the Rentokil assets on the cheap. We believe that value can be created for our shareholders by improving performance,” he said. “These guys come from the old school where you create value by building underlying earnings,” Long added.

Market rumours of private equity interest in parts of the business have abounded this week. “It wouldn’t be appropriate to start commenting on people,” Long said. “Have we had formal approaches for lots of parts of our business? No, we haven’t. Have people been looking at (parts)? I’m sure they have.” John McAdam, until recently the chief executive of ICI, joins as non-executive chairman while Alan Brown, who was ICI’s chief financial officer, will be chief executive.

In addition, Andy Ransom, who was head of ICI’s mergers and acquisitions team, will become senior executive, corporate development.

Brown has been appointed with a basic salary of 775,000 stg per annum, with Ransom set to earn a basic 450,000 mln stg. McAdam will be paid a basic 350,000 stg.

To underline the long-term nature of the appointments, the three will participate in a five-year share incentive plan. Each will be be awarded 7.5 mln shares. There will be a 20 pct vesting if and when Rentokil shares hit 120 pence, with 100 pct vesting if and when they get to 180 pence. A further award of up to 50 pct of shares can then be earned on a straight-line basis up to 280 pence.

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DHL expands its EXPRESS4YOU service with re:charge cartridges partnership

Posted by | Mar 20, 2008 | |

DHL Express has expanded its DHL EXPRESS4YOU service nationwide, by partnering with re:charge cartridges, the largest suppliers of refilled/recharged printer cartridges in Ireland. The expansion the DHL EXPRESS4YOU service, which is part of the DHL SERVICEPOINT concept, provides customers with access to DHL’s domestic and international services through any of re:charge cartridges 33 branches nationwide.

The DHL EXPRESS4YOU service was launched last year in Ireland with DHL offering companies and members of the public a simple, secure and cost-efficient way to send their documents or parcels worldwide. This new partnership has enabled DHL to respond to the growing demand for a more local DHL EXPRESS4YOU service.

Noel Byrne, Sales & Marketing Director, DHL Express said ‘DHL has positioned itself as a forerunner in offering this convenient, easy-to-use, cost-effective express delivery solution. This partnership enables DHL to draw upon re:charge cartridges local network and nationwide footprint, to provide convenience to our customers.’

Mark Greene, Marketing Director of re:charge cartridges spoke at the launch: ‘Partnering with DHL Express is a natural extension to our commitment to both businesses and the public. Customers can now not only re:charge their ink cartridges, pick up stationery and get advice on printing but they can now have access to a reliable and cost-efficient local and international delivery service through our network of 33 branches.’

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