Tag: Courier/Express/Parcels

United Parcel Service "market perform"

Posted by | Mar 14, 2007 | |

Analysts at Morgan Keegan reiterate their “market perform” rating on United Parcel Service Inc.

In a research note published this morning, the analysts mention that although the company has a few longer-term growth opportunities, there seems to be a lack of potential catalysts for multiple expansion and substantial earnings growth in the near term. United Parcel Service’s recent acquisitions have boosted the company’s presence in key areas such as the United Kingdom and Poland, the analysts say. The company expects the transition towards online purchases to favour the small package business beyond 2007.

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DHL’s new 'break-bulk-express' service means faster, more convenient shipping across U.S.-Mexican border

Posted by | Mar 13, 2007 | |

DHL introduced “Break Bulk Express” (BBX) service to customers shipping multiple packages in one day from Mexico to the U.S. BBX consolidates customers’ multiple express shipments into single large bundles that substantially reduce customs clearances, delivery times, tracking and related costs.

DHL’s Northbound BBX is a key capability in the company’s recently-announced North America Trade Lane initiative, a five-year, USD100-million investment and build-out of infrastructure and service in North America. With the introduction of Northbound Break Bulk Express, DHL customers shipping into the U.S. from Mexico can combine individual packages into one large shipment to speed and simplify customs clearance. DHL then “breaks” the bundled shipment back into its individual package components and delivers each to its separate destination.

According to the U.S. Bureau of Transportation Statistics, the market for BBX-type services in North America is currently about USD375 million a year, with air shipments representing approximately 30 percent of the total. Northbound shipments from Mexico include, in rank order, automotive parts, high-tech products, consumer electronic goods, and agricultural goods such as flowers, fruits and vegetables.

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GeoPost raises stake in Seur to 19.6%

Posted by | Mar 13, 2007 | |

La Poste’s international express subsidiary GeoPost has raised its stake in Spain’s Seur group through their joint venture, Seur-GeoPost, buying Seur’s Santander franchise.

The acquisition of Seur Santander, which turned over EUR 7 million last year and employs 83 staff, is the seventh franchise bought by Seur-GeoPost, the company 60% owned by GeoPost. According to Seur, quoted in the El País newspaper, the joint venture’s purchase of the Santander operation consolidated the alliance between the two groups and represented a reinforcement of the development of Seur in the Cantabrian region of Spain.

Seur, with turnover of EUR 574 million in 2005, is one of the leading express companies in Spain, where the market is growing at about 8% a year and is currently worth some EUR 6.6 billion in revenues.

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FedEx board adopts majority-voting standard for election of directors

Posted by | Mar 13, 2007 | |

FedEx Corp. announced that its board of directors has amended the company’s bylaws to adopt a majority-voting standard in uncontested director elections and a resignation requirement for directors who fail to receive the required majority vote. The amended bylaws also prohibit the board from changing back to a plurality-voting standard without the approval of our shareowners. The bylaw amendments are effective immediately and will apply to all future elections of directors.

Under the new majority-voting standard, a director nominee will be elected only if the number of votes cast “for” the nominee exceeds the number of votes cast “against” the nominee. Previously, directors were elected under a plurality-voting standard, in which candidates receiving the most votes were elected regardless of whether those votes constituted a majority. Plurality voting will continue to apply in contested elections.

If an incumbent director does not receive the required vote for reelection, the amended bylaws require the board of directors, within 90 days after certification of the election results, to accept the director’s resignation unless there is a compelling reason not to do so and to promptly disclose its decision (including, if applicable, the reasons for rejecting the resignation) in an SEC filing.

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Norway Post to buy Sweden’s Transflex Group

Posted by | Mar 12, 2007 | |

Norway Post has entered into a contract to buy all the shares in Transflex, a Swedish transport and logistics group. This acquisition will strengthen the position of Norway Post and Nor-Cargo in the Nordic region and within the field of international land transport.

The purchase of Transflex is part of the Norway Post Group’s strategy of expanding within the Nordic region. This transaction emphasizes Norway Post’s ambition of getting a foothold in Sweden and becoming one of the four largest logistics companies in the Nordic region.

Transflex was established in 1998 and has operations in Halmstad, Gothenburg, Stockholm, Jönköping and Linköping. It has 75 employees and achieved revenue of SEK 417 million in 2006. Transflex has grown dramatically since its formation and is one of this industry’s most profitable and well-run players.

The Transflex Group will become a part of Norway Post’s logistics network in Sweden together with refrigerated-transport company Frigoscandia, courier and express delivery company Box and Nor-Cargo’s Swedish operations. The acquisition of Transflex will strengthen Norway Post’s and Nor-Cargo’s
opportunities to establish a strong international network based in Southern Sweden.

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