Tag: Courier/Express/Parcels

Velocity Express Announces Fourth Quarter and Year End Results

Posted by | Oct 16, 2007 | |

Velocity Express Corporation announced operating results for its fourth quarter and fiscal year ended June 30, 2007.
Highlights:
• Positive adjusted EBITDA in quarter ended June 30, 2007
• Gross margin improved while average driver settlement increased through route engineering
• USD 18 million in annualized new revenue started in September quarter of fiscal 2008, more than offsetting USD 15 million in lost revenue from terminated unfavorable contracts assumed with the CD&L acquisition
• Three new franchise agreements signed in September quarter of fiscal 2008
Finally, Velocity has launched a new franchise strategy to expand its technology-driven service capability into additional areas that enhance and increase service coverage. To date, Velocity has signed franchisees in Fargo, ND; Columbus, OH; St. Louis, MO and Kansas City, MO and expects to sign two more cities before the end of October. The Company expects these first 6 franchisees to provide more than USD 5 million of service for Velocity customers on an annual basis, from which Velocity will record the franchise fee income. Furthermore, Velocity expects to expand its franchise program into three or four additional geographies each quarter, equivalent to USD 15-20 million annual value of service for Velocity customers by June 2008. Beyond the benefit to customers, franchising also allows Velocity to use capital more efficiently by eliminating the expenditures needed to open new markets while earning franchise fees that assure “day one” profitability comparable to a mature direct operation.

Read More

Blue Dart profit Rs. 7.7 million up by 33.27 pct

Posted by | Oct 16, 2007 | |

Blue Dart Express Limited, South Asia’s express courier and package distribution company, today declared its financial results for the 3rd Quarter ended September 30, 2007 at its Board Meeting held in Mumbai.

Income from operations for the 3rd quarter 2007 was Rs. 20.7 million, an increase of 17.44 pct over the corresponding quarter of the previous year, and cumulative profit for nine months was Rs. 7.7 million and increase of 33.27 pct over the corresponding period of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, ” The results validate our customers’ trust in us and we continue to be the most reliable distribution service provider in the country. To further this trust, last quarter we expanded our business profile to fortify our unique capability to offer the entire spectrum of express distribution solutions. With the reinforcement of ‘Surfaceline’, we have now expanded our reach to over 17,500 locations across the country”.

Blue Dart, today, is firmly positioned as the unrivalled leader in the organised domestic air express space and has robust plans in place to sustain and augment its leadership position. Looking ahead Mr. Khanna said “We are adding 58 new warehouses which means 1 mn Sq ft of additional warehousing space, 596 new road-route connections, increase in workforce and enhancement of technology solutions. We also plan to strengthen our air infrastructure and would be adding a B757 in the last quarter. We stand committed to our role of a trade facilitator and would continue to enable growths for a greater India.”

1 USD = 39.7950 INR

Read More

FedEx Kinko's opens first smaller store

Posted by | Oct 16, 2007 | |

FedEx Kinko’s is opening new, smaller format stores in the Tucson market.

A FedEx Kinko’s Office and Print Center has opened at 8150 N. Cortaro Road. The store is about one-third the size of most Kinko’s stores.

Another small-format store is opening in November at 7301 E. Tanque Verde Road. There are three other Tucson stores.

Read More

CitySprint announces Axa courier purchase

Posted by | Oct 15, 2007 | |

CitySprint has announced that it has agreed to acquire rival Axa Courier Express.

The deal will see the UK’s largest privately owned same day Courier network discontinue the Axa Courier Express name and brand.

CitySprint, which already owns a seven per cent share of Britain’s same day courier market, claims that the purchase will help to strengthen its position in the sector.

Michael Blanchard, CitySprint regional manager, commented: “Axa represents one of a small number of well-established SameDay courier companies in the Heathrow area.

“Its business model fits very comfortably with CitySprint’s, as it operates with a highly focused customer service ethos.”

Axa currently offers a range of same day courier services to companies in and around the Heathrow area.

Read More

DHL launches modern customer service centre in Poland

Posted by | Oct 15, 2007 | |

DHL EXPRESS (Poland) is building the country’s largest customer service center in Lódz, which will provide domestic parcel service. The value of the investment amounts to around EUR 5 million. The contact centre, with 150 employees, is an innovative solution providing complex customer services ranging from taking orders to allocating certain courier routes.

The DHL contact centre is a part of a new model of customer services recently acquired by the company, using innovative technological solutions. It is based on centralizing, integrating and automating the process of receiving orders, including within existing communication channels between the company and customers. Lódz contact centre will be the preferred and dominant contact channel, with more than 80 pct of the total orders submitted and realizing complex customer services in Poland.

‘The new contact centre lets us improve the process of servicing our customers, right up to efficiently centralizing and fully managing processes. Simplifying customer services at the Lódz customer service centre is unique amongst logistics companies in Poland,’ said Tomasz Buras, President of DHL Express (Poland)’s management board.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & 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.

Subscribe to the Magazine

 

Pin It on Pinterest