Tag: Courier/Express/Parcels

FedEx first-quarter earnings up 3 pct to 1.58 USD per share; issues FY warning

Posted by | Sep 20, 2007 | |

FedEx Corp reported earnings of 1.58 USD per share for the first quarter, up 3 pct compared to 1.53 a year ago.

The company said revenue was 9.2 bln USD, up 8 pct from 8.55 bln USD the previous year, and operating income was 814 mln USD, up 4 pct from 784 mln USD a year ago.

Net income was 494 mln USD, up 4 pct from last year’s 475 mln USD.

However FedEx said it expects earnings to be 1.60-1.75 USD per share in the second quarter, compared to 1.64 USD a year ago.

‘While the U.S. economy is growing at a moderate pace, recent financial market volatility and high energy costs have increased the uncertainty surrounding the near-term economic outlook, and weakness in the housing sector continues,’ said Alan Graf, FedEx’s chief financial officer. ‘As a result of this weaker than anticipated economic environment, particularly its impact on the LTL freight market, we have reduced our earnings forecast by four percent for the full year.’

For the full year, the company now expects earnings of 6.70-7.10 USD per share. The capital spending forecast is 3.5 bln USD, of which FedEx said approximately 70 pct is targeted for growth. ‘However, management is reviewing the timing of capital outlays, which could result in lower spending for the year.’

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e-Delivery in the UK 2007 Snow Valley. L13974

Posted by | Sep 20, 2007 | |

e-Delivery in the UK 2007 Snow Valley

This report is based on research conducted across 98 UK online stores in July and August
2007. This has been compared with the findings of the same research done in July 2006 and 2005.

We originally looked at 100 websites when we started the report in 2005 and we have retained that same list to allow us to monitor trends closely. 2 of these websites were not transactional in 2007 and so we have reduced the list to 98 sites.

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Post Parcels Reach Single Day Record High

Posted by | Sep 19, 2007 | |

The number of parcels sent by post on Monday totaled 1.2 million, setting a new single day record in Korea’s 123-year postal history, Korea Post said on Tuesday.

The figure is four times higher than the average number of parcels usually sent per day. It is also an increase of 25 percent from the 960,000 parcels sent on last year’s Chuseok holidays and up 14 percent from the 1.05 million sent on Lunar New Year’s Day.

The number of parcels registered in post offices reached 5.2 million between Sept. 10 to 17 (except Sunday), the first seven days of the special Chuseok postal delivery period of Sept. 10 to 23. That’s an increase of 37 percent from the 3.8 million parcels registered over the same period last year.

Korea Post said the number of fresh product parcels for families in provincial areas is growing ahead of the holidays. The postal service is now using a special task force to deal with the growing number of letters and parcels at its headquarters, eight provincial service centers, and post offices across the nation.

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DHL increases capacity for Hong Kong-Beijing service to meet growing trade volume

Posted by | Sep 19, 2007 | |

DHL has further enhanced its overnight service between Hong Kong and Beijing, by increasing its dedicated flight frequency to meet the growing demand for cargo capacity fuelled by the robust trade between Hong Kong and Mainland China.

Customers utilizing this ten-time weekly dedicated service will now enjoy more options for their Hong Kong-Beijing shipment delivery schedule with the newly-added weekend flights, representing a 25 percent uplift capacity. As part of the service enhancement, DHL will utilize a larger Boeing B727-200F aircraft operated by Air Hong Kong – a 60/40 joint venture between Cathay Pacific and DHL – and customers will benefit from an overall 58 percent increase in payload capacity as the new freighter has a capacity to hold 24 tons per sector.

Trade between Hong Kong and Mainland China has been registering double-digit growth in recent years, boosted by strong Chinese exports. According to figures from China’s Ministry of Commerce, two-way trade figures in 2006 rose an impressive 21.6 percent, reaching US$166.2 billion. The uptrend continues in the first half of 2007, as trade volume expanded by a further 23.5 percent compared to a year ago. Hong Kong was China’s fourth largest trading partner and third largest export market last year.

The upgraded Hong Kong-Beijing service will further strengthen DHL’s Asia Air Network. The network currently comprises more than 30 destinations in 16 countries and territories, served by over 20 aircraft in dedicated air operations. This allows major Asia Pacific cities and other business centers to be interconnected through DHL’s regional hubs and gateways, providing DHL’s customers with overnight services across the region.

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