Tag: Courier/Express/Parcels

UPS: Fourth quarter results

Posted by | Jan 30, 2008 | |

UPS reported adjusted diluted earnings per share of USD 1.13 for its fourth quarter, an 8.7 pct increase over last year. Revenue improved 6.1pct driven by a double-digit increase in international export volume, growth and firm pricing in the U.S. package business and market-leading shipment gains at UPS Freight.

During the quarter, the company announced the ratification of a new five-year agreement with the International Brotherhood of Teamsters, eight months before expiration of the existing contract. As a result, USD 6.1 billion was paid to withdraw approximately 45,000 UPS employees from the Central States multi-employer pension plan and expensed to the U.S. Package segment in the quarter. Including the impact of that charge, diluted earnings per share fell to a loss of USD 2.46 for the three-month period.

The fourth quarter produced solid growth in spite of a sluggish U.S. economy. Consolidated average daily package volume reached a record level of 17.7 million pieces, an increase of 359,000 per day. Adjusted net income for the quarter benefited from a lower effective tax rate.
For the full year, the company delivered a record 3.97 billion packages, an average of 15.8 million per day. Consolidated revenue climbed 4.5pct to USD 49.7 billion. Adjusted diluted earnings per share were USD 4.17, an increase of 8pct compared to 2006 and at the midpoint of UPS’s earnings guidance for 2007. Before adjustments, operating profit equaled USD 578 million and diluted earnings per share totaled USD 0.42.

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Deutsche Post World Net and Daimler AG give go-ahead for the first hybrid truck in Europe

Posted by | Jan 29, 2008 | |

Deutsche Post World Net is the first logistics company in Europe to trial hybrid trucks in its operations. The go-ahead for the largest fleet test in the company’s history was given on January 29, 2008 during the World Mobility Forum in Stuttgart. Andreas Renschler, member of the Board of Management of Daimler AG and Head of Daimler Trucks, today handed over the first two vehicles, a Mercedes-Benz Atego BlueTec Hybrid and a Mitsubishi Fuso Canter Eco Hybrid, to Deutsche Post World Net.

The trial will initially include DHL Express operations in the UK as well as mail transport in Germany. In the coming months further Daimler hybrid vehicles will be integrated into the DHL fleet.

DHL can already draw on past experiences with hybrid vehicles in Japan where DHL has been successfully using the Fuso Canter Eco Hybrid since July 2006.

Deutsche Post World Net is currently working on a comprehensive climate protection program for the entire Group. One point of focus is the use of alternative drives, such as electric, gas and hybrid engines. With its DHL Innovation Center, opened in March 2007, the Group thus is leading in technologies and innovations. It is facing up to its responsibility as the world’s market leader in logistics and helping to limit greenhouse gas emissions.

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DHL UAE provides web-based service for complete accounting transparency

Posted by | Jan 29, 2008 | |

DHL UAE has launched a web-based service called ‘MyAccount’ which it claims will provide complete transparency for all invoicing and account services 24/7 through real time accounting and tracking information.

The MyAccount service offers easy access to account and billing information, and is ideal for customers who wish to determine the charges on their shipments before the goods are delivered, DHL UAE said. Providing easy online access, the service also allows customers to view shipment information such as tracking shipments in real time.

The system also enables the accounting departments of DHL’s customers to view their invoices electronically and load the charges in their system, thus saving paperwork and time.

“MyAccount is a simple to use web-based service that gives customers greater control of their accounting requirements every step of the way, and allows DHL to deliver results faster, with greater transparency,” said Janet Jweihan, DHL UAE Country Manager.

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Deutsche Post to become main sponsor of car racing in Germany

Posted by | Jan 29, 2008 | |

Deutsche Post has signed a sponsoring contract for the two-year partnership with the Deutsche Tourenwagen-Masters (DTM), a touring car racing series based in Germany. Furthermore, DHL plans to provide express and logistics services for the touring car races in future.

The sponsoring services of Deutsche Post include perimeter advertising, equipping the grid girls as well as promotion activities targeted at end-consumers during the race weekends.

At the same time, Deutsche Post will also use its presence in DTM events as a business platform to extend and intensify important business contacts.

“As the world’s most popular touring car series, DTM stands for speed, dynamic and team spirit and is therefore an ideal partner for us,” said Jürgen Gerdes, company Board Member LETTER and PARCEL Germany, explaining the new involvement of Deutsche Post in motor-racing.

“DTM offers its sponsors great opportunities to increase their overall presence on the market. With this cooperation with Germany’s racing series No 1 we underline our reputation of being the post for Germany – and get through to a broad public”, he added.

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FedEx expands Taiwan service with FTZ facility

Posted by | Jan 29, 2008 | |

Rising customer demand in Taiwan has seen FedEx Express has opened a multi-function facility in the Taoyuan Free Trade Zone to cope with rising customer demand in the fast growing island state.

The facility covers 306.4 square metres and complements the nearby FedEx Taiwan Transshipment Center located in the Taiwan Taoyuan International Airport near Taipei.

Michael Chu, managing director of FedEx Taiwan, said the facility allowed FedEx “to better respond to the enormous potential of the Taoyuan FTZ”.

FedEx continues to expand its presence in Taiwan, aiming to provide more reliable and efficient service to its customers. FedEx has 18 regional distribution centres in major cities across Asia Pacific, which specialise in express cross-docking operations, critical inventory logistics and customised logistics operations.

With the advantages of the integration of an air cargo park within Taoyuan FTZ, as well as the proximity to the Taipei airport, FedEx’s new investment aims to create a competitive edge for customers in Taiwan as they increase their presence in the global market.

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