Building partnerships for effective e-fulfilment
Building partnerships for effective e-fulfilment
Read MoreTag: Courier/Express/Parcels
DPD Russia expands network with new branch in Kaluga
DPD Russia has opened a new branch in Kaluga, a strategically important central region in Russia, to further expand its nationwide network. It now has 26 branches.
The new 389 sqm terminal is located in an industrial area in the northern part of the city and has the capacity to handle more than 5,000 parcels a day. The investment in the new facility amounted to more than RUB 1 million (EUR 27,210).
The new branch offers a complete range of DPD services in Russia including the popular DPD BizPak service, a unique domestic just–in-time delivery solution with excellent financial guarantees, and other parcel and freight delivery services such as DPD Avia, DPD Classic and DPD Economy. In addition, the branch in Kaluga provides the international delivery service of DPD Classic, a reliable and efficient shipping solution for international documents and business parcels.
The DPD branch network in Russia, covering all the country’s regions from the North West to the Far East, has now increased to 26 branches. Each branch consists of an office and a terminal facility with an operational area.
Read MoreUPS holds Investors Conference
UPS Chairman and CEO Scott Davis told Wall Street analysts and investors the company is poised for long-term growth, driven by globalization.
He said UPS has made significant progress in developing its global, multi-modal integrated transportation network. The UPS network now handles freight forwarding and less-than-truckload shipping as well as small package transportation on UPS-owned or third-party assets. This unique capability provides a seamless customer experience regardless of the type of shipment, the mode of transportation or the location around the world.
Chief Financial Officer Kurt Kuehn reviewed UPS’s 2010 goals. He stated the company remains on target to achieve the long-term goals that it revealed at its investor conference in November 2006. From 2005 to 2010 UPS anticipates:
– Revenue growth of 6-to-8 pct per year.
– Compound annual earnings per share growth of 9-to-14 pct.
– And return on invested capital of 23-to-25 pct.
After noting that several economic indicators have recently worsened, Kuehn provided insight into the company’s results for the first two months of 2008. He said the U.S. package segment experienced a solid January, but volume declined in February across virtually the entire customer base. “If these trends continue through March, our earnings guidance for the first quarter will be difficult to achieve,” Kuehn added.
Other areas of the business are performing well. For example, international average daily volume, including U.S. export volume, continues to show strong growth. Kuehn also indicated the international and supply chain segments remain on target for the quarter. Despite short-term economic challenges, UPS’s annual earnings guidance remains USD 4.30-to-USD 4.50 per share.
To capitalize on that opportunity, UPS has enhanced its service offerings to participate in a market in excess of USF 225 billion, encompassing small package, air and ground freight.
Read MoreUPS says slowing economy may weigh on first quarter
United Parcel Service Inc., said it may not meet its first-quarter earnings target as U.S. economic growth slows.
Domestic shipments at UPS have dropped for six straight weeks, Chief Financial Officer Kurt Kuehn said today at an investor presentation in New York. Air deliveries have fallen faster than ground shipments. The declines make UPS’s per-share profit goal of 94 cents to 98 cents “difficult to achieve,” Kuehn said. He reaffirmed full-year guidance of USD 4.30 to USD 4.50.
The economic outlook for this year is “uncertain at best,’ Chief Executive Officer Scott Davis told investors. Lower interest rates and tax rebates that are part of a federal economic stimulus package may help reinvigorate demand, he said.
“I’m not ready to proclaim the quarter lost, and I’m not ready to proclaim the economy lost,” Davis said.
Higher fuel costs, job losses and falling home values have dimmed growth prospects for the economy. It will expand 1.4 percent for all of 2008, the weakest since the last recession in 2001, based on the median estimate of 62 economists polled by Bloomberg from March 3 to March 10.
UPS will focus on expanding overseas sales to overcome slowing U.S. demand, Chief Operating Officer David Abney said.
The company is adding operations in 10 cities in China and buying seven Boeing Co. 747-400 wide-body freight airplanes, Abney said. He said India’s export volume jumped more than 25 percent last year, while European exports rose more than 10 percent.
Read MoreDeutsche Post rivals threaten to sue govt over minimum wages
Deutsche Post World Net AG postal services rivals said they are considering suing the government for damages arising from a directive imposing minimum wages for all letter carriers, Frankfurter Allgemeine Zeitung said.
The paper said Axel Guenther, a lawyer for the the Courier, Express and Mail Services Industry Association (BdKEP), has notified German Labour Minister Olaf Scholz about the plans.
BdKEP demanded that Scholz reverse the directive and threatened to sue should this not happen.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.