Tag: Courier/Express/Parcels

Kuehne + Nagel International AG: Half year result

Posted by | Jul 23, 2007 | |

Kuehne + Nagel’s recent growth has moderated only slightly over the past six months, as seen through its half-yearly figures for the period Jan- July 2007 published last 29th July.

The headline profit figure, EBITDA (Earnings before Interest, Depreciation and Amortisation) which is the favored measure of the new logistics orientated K+N, grew by 12.6 pct compared to the first half of 2006, to CHF 467.9million on a turnover of CHF 9,968.3million, up 14.7pct . Net earnings grew by 27 pct. These figures are slightly below last year’s very high growth rates and suggest some tightening in margins.

K+N’s key sea freight business continues to grow strongly. Although a 15 pct increase in container volumes and a 13.6 pct increase in turnover reflect the buoyancy of the overall market, it claims it is still gaining market share. K+N admitted that margins were tightening yet still managed to return an operating profit growth of 15 pct .

Airfreight grew at an impressive 16 pct in terms of tonnage and 7.1 pct in turnover. Operational profit grew by 25pct and EBITDA margin was over 5pct .

Road and rail transport grew at 17.5 pct , but margins were much tighter with investment driving down EBITDA to CHF21.7million. However contract logistics jumped by 15.1 pct in terms of operational profits to CHF115million.

K+N indicated that it wants to grow its rail freight network business through acquisition in an attempt to improve its economy of scale. Six months ago it similarly indicated that it aimed to expand its road -freight network through acquisition; however it has yet to make a major purchase.

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DHL appoints Nour Suliman as new General Country Manager for SNAS/DHL in Saudi Arabia

Posted by | Jul 23, 2007 | |

As part of DHL’s continuous plan of expanding and growing business in Saudi Arabia, DHL announced the appointment of Mr. Nour Suliman as the new General Country Manager in the Kingdom.

Considering the ever-growing demand on the logistics services and the huge potential of the transportation and logistics market in the Kingdom, Mr. Suliman will take the responsibility of driving the efforts towards developing the service portfolio offered by DHL in Saudi Arabia.

DHL’s expansion strategy, Suliman added, puts the Saudi market on its top priorities due to its volume and growth.

DHL has scored remarkable growth in its shipment and logistical business estimated at 22.30 percent in the first quarter of the current fiscal year compared to the same period last year. This growth positions DHL as one of the most growing companies in the Saudi logistics market.

After joining the customer service department at DHL in the Kingdom of Bahrain in 1978, Suliman occupied several senior management positions in different DHL locations including Egypt, KSA, UAE and Kingdom of Bahrain. With over 29-year experience, Suliman is one of the industry veterans across the region.

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FedEx Freight lowers fuel surcharge by 25 percent

Posted by | Jul 23, 2007 | |

With its eye on improving market share and staying ahead of pack in a crowded less-than-truckload (LTL) marketplace, FedEx Freight said today it has reduced its standard LTL fuel surcharge by 25 pct.

The company added that FedEx National LTL, its newly-formed long-haul LTL unit (as a result of FedEx’ acquisition of Watkins Lines in 2006) will also reduce its standard LTL fuel surcharge to levels commensurate with FedEx Freight.

With the fuel surcharge being reduced by 25 pct, the FedEx Freight fuel surcharge has dropped from 19.7 pct as of Friday, July 20 to 14.8 pct today.

A report published today by Bear Stearns said that this fuel surcharge cut will impact both FedEx’ regional and recently-acquired long-haul operations, adding that FedEx Freight’s total LTL revenue of USD 4.9 billion represents approximately 14 pct of the total market.

In regards to how the competition may react, the Bear Stearns report said that a “competitive dynamic” in the LTL industry has been accelerating, and this fuel surcharge reduction is the “most overt sign of price competition in the LTL market since the mid 1990’s.” As a result, the report indicated it is likely that other LTL providers may follow FedEx’ lead and subsequently lower fuel surcharges as well.

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Hermes Logistik will distribute goods for Lands’ End in Europe

Posted by | Jul 23, 2007 | |

German consumer parcel delivery company Hermes Logistik won a European delivery contract from US mail-order retailer Lands’ End.

Under the deal, Lands’ End is using Hermes to distribute goods ordered in Germany, while Parcelnet, the Hermes’ UK sister company, is handling distribution in Britain. The agreement will start to operate from16th September 2007.

Goods for German customers leave the European warehouse in Britain and the German warehouse the day after the order is received, are forwarded to the Hermes hub in Wiesbaden, and then delivered to homes or one of the Hermes Parcel Shops for collection.

Lands’ End is a direct merchant of traditionally styled clothing for the family, soft luggage, and products for the home. The company offer products through catalogs, on the Internet and in our Inlet stores.

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TNT plans new Penang-Singapore service

Posted by | Jul 23, 2007 | |

TNT Express Worldwide plans to launch a new direct, next-day delivery service between Penang and Singapore on the Asia Road Network in the next few months.

Asia Road Network is TNT’s door-to-door delivery service, which uses an integrated road network linking Kuala Lumpur to Singapore and Bangkok and more recently, Vietnam.

The new service is expected to offer customers up to 40 per cent cost-savings compared to air freight and a 30 per cent reduction in transit time compared to the earlier schedule.

TNT is targeting high technology manufacturing companies in Penang as its would-be customers.

TNT Malaysia managing director Gerry Power said he expects the new Penang-Singapore direct service to contribute a further 30 per cent growth in volumes to the Asia Road Network. He was speaking at the launching ceremony of the company’s new Kuala Lumpur International Airport (KLIA) facility.

The new 14,500 sq ft facility is three times the size of its previous facility in KLIA and is equipped with the latest technology in supply chain management.

Meanwhile, Gerry also said that TNT has plans to extend the Asia Road Network to China as early as December 2007.

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