Tag: Courier/Express/Parcels

TNT and FedEx run business in China alone

Posted by | Mar 19, 2007 | |

The world’s Big Four express names gradually step into an independent running term in China – which has nodded their activities of operating wholly owned affiliates in the country according to the commitments to its WTO entry – coinciding with two acquisitions.

The Holand-headquartered company officially announced the completion of the Hoau Logistics Group acquisition on March 14. The Chinese authorities approved it days ago. However, the company declined to unveil the deal’s accounting information.

Industry analysts point out that the goal of TNT is to integrate its businesses in China on the basis of the Chinese company’s network and its 170,000 clients. TNT will build on this network and use it to further access its network worldwide.

Tianjin DTW Group Co., Ltd., another Chinese logistics service provider based in Tianjin, near Beijing, capital of China, announced that its sale of a 50% stake in Federal Express-DTW Co., Ltd. was completed on March 1.

FedEx Express reached an acquisition agreement about the deal and DTW Group’s domestic express assets valued at about USD 400 million on January 24, 2006.

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China air sector could grow by 10 percent

Posted by | Mar 19, 2007 | |

China’s aviation industry could expand by up to 10 percentage points above current growth rates if central controls are eased, the Centre for Asia Pacific Aviation (CAPA) said.

‘Double-digit air traffic growth is a certainly possible in an economy growing by 8-10 pct annually, but controls over fares, routes, aircraft purchases, airport charges, fuel supply and distribution services are keeping China’s aviation market from achieving its full potential,’ CAPA’s executive chairman Peter Harbison said in a report.

The report added that the current situation is unlikely to change soon.

Total domestic deregulation was attempted in the mid 1990’s with disastrous results on airline profitability and after the arduous airline consolidation efforts of the first part of this decade central controls will likely be maintained for the foreseeable future, the consultancy said.

‘An unfortunate by-product of these controls is that they may delay the advent of genuine domestic LCCs (low-cost carriers) in China’s market until the end of the decade,’ Harbison said, adding that China’s nascent independent private airline sector will find the going tough in this environment and will largely remain confined to serving niche roles.

Meanwhile, China Southern needs to quickly find a partner for its freight business or risk getting left behind, particularly with FedEx moving to Guangzhou, where China Southern is based, by 2008, CAPA said.

It added that China Eastern also needs a strategic investor to help turn around its struggling operation in the highly competitive Shanghai market.

CAPA also said that foreign investment in China’s airport sector is expected to gain momentum in 2007, led by Changi Airport International’s breakthrough agreement in Nanjing.

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Nightfreight announces financial results 2006

Posted by | Mar 19, 2007 | |

Nightfreight has announced its financial results for 2006. The company’s financial performance has improved turnover by GBP 8.4m (6.83 pct), and Operating Profit by GBP 3.1m (250 pct) demonstrating the benefits of its ongoing investment programme in customer service and operational developments which continues to radically improve the business.
The turnover and profit growth have exceeded the budgeted targets and have positioned the company a year ahead of its original plans. This growth is attributable to successful sales activity within all of the Company’s business units as a result of increased investment in sales activity. This sales activity was converted to additional profit due to the revised operational processes.

In addition to developing the sales growth of the organisation, the Company has strategically relocated a number of sites to offer better customer service, and undertaken a fleet renewal program enhancing the fleet’s capability to undertake the Company’s services. These investments will continue in the 2007 financial year.

Steve Allen, CEO Nightfreight Group, said: “Throughout the 2006 financial year, the company has made good progress improving its financial performance and commencing its transition to becoming a logistics and solutions business, offering customers new and innovative integrated services that will meet their changing requirements. We continue to improve our customer service offering whilst further developing our capability for the home delivery and contract logistics markets.”

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Postbank achieves record results

Posted by | Mar 19, 2007 | |

In 2006, Postbank achieved the best results in its history: pre-tax profits totaled 941 million, up 31.6 percent on the previous year (the comparative figures for 2005 are pro forma figures including theoretical amounts for BHW and the Deutsche Post retail outlets). The Bank’s other key figures are also extremely encouraging. The cost/income ratio improved from 75.0 percent to 68.3 percent, while the ratio for the traditional banking business, i.e. excluding transaction banking, fell by 6.8 percent to 66.7 percent. Return on equity before taxes increased by 4.0 percent to 18.9 percent.
The Bank’s balance sheet-related revenues, i.e. the total of net interest income, net trading income and net income from investment securities, increased by 10.7 percent year-on-year to 2.71 billion.
Net interest income remained the key revenue driver, although interest rates provided only limited positive impetus: at 2.2 billion, net interest income was up 11.6 percent on the previous year. Among other things, this reflects the expansion on the volume of customer loans, and the low-risk mortgage lending portfolio in particular.
Net trading income increased by 6.1 percent year-on-year to 245 million, while net income from investment securities rose by 8.1 percent to 292 million. This includes the book gains from the sale of non-strategic equity interests in the amount of 84 million.

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USPS partners with eBay

Posted by | Mar 17, 2007 | |

The U.S. Postal Service, which has lost many customers to cyber communication, is increasing online appeal by strengthening its eBay association.
More than 75 area eBayers attended seminars Friday at the Gary main post office on Martin Luther King Drive, learning how they could use the post office to ship CDs, books, antiques and other wares.
Cynthia Norfolk, USPS customer relations head for Gary said three seminars drew occasional sellers as well as online business runners: “Our attendees were seniors, young people, first-time buyers and sellers … some with some experience. We’re really pleased. This is the first one here in Gary.”
Norfolk said catering to the eBay segment has become a national trend for the company, which has actual eBay teams.
While people can relay messages via texting or e-mail, Norfolk said the U.S. Postal Service intends to remain a leader of delivering goods bartered online.
They, of course, contend with FedEx and UPS competition, but “We’re easier. We have delivery stops everyday. We have carrier pickup and free shipping materials,” she said.

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