Tag: Courier/Express/Parcels

Network Delivery and Now Courier merge operations

Posted by | Jan 28, 2007 | |

Network Delivery and Now Courier, both headquartered in Providence, merged on January 23, 2007 to form one of the largest employee stock ownership plan (ESOP) courier companies in the country, NOW Delivery – www.nowdelivery.com.

With a dedicated staff of drivers and a management support team with over 200 years of transportation and logistics experience, NOW Delivery will be able to provide an unparalleled level of service in the New England area.

“Our goal is to merge together to form a rock-solid base which can serve as both the foundation and springboard for our future expansion plans,” says Stephen Wright, COO of the newly-merged corporation. “This is an exciting time in the history of both companies. We are looking to expand within the New England marketplace, and beyond.”

Don Smith, president of Force One Trucking, Valley Stream, NY, and former president of Airborne Express subsidiary, Sky Courier, Sterling, VA, will act as the newly-named CEO, and Christopher Halkyard will fill the role of Chief Administrative Officer. No layoffs are planned.
About Network Delivery – Now Courier NOW Delivery, headquartered in Providence, R.I., provides time critical transportation and logistics services throughout New England. Robert Halkyard of Now Courier and Stephen Wright of Network Delivery will serve as directors of the newly-merged company.

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Italy TNT Post generates 147 mln euro sales 2006

Posted by | Jan 26, 2007 | |

Italian private mail operator TNT Post, a subsidiary of Dutch mail and express deliveries group TNT NV, generated sales for 147 mln euro (USD189.9 mln) in 2006, up by 10.5 pct year-on-year.

TNT Post will target its sales to rise by over 20 pct year-on-year in 2007. The company renewed its cooperation agreement with Italian state-owned postal services company Poste Italiane.

TNT Post plans to focus its activity on direct marketing postal services and business postal services. The company plans to make new acquisitions in 2007.

[Editor’s note: TNT Post has acquired mail operator TWM Italia, specialised in distributing door-to-door or unaddressed advertising material, ANSA reported on May 17, 2006. Even before TWM Italia’s acquisition, TNT Post was one of the leading door-to-door distribution companies in Italy. The acquisition will allow TNT Post to double its share of the Italian market for door-to-door distribution which had an estimated value of some 250 mln euro (USD323 mln) for 2005.]

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UPS starts celebration of 100th birthday in New Orleans

Posted by | Jan 26, 2007 | |

Mike Eskew (Chairman and CEO of UPS) offered public as well as private thanks to employees for embodying the spirit of the company’s founder in quickly restoring service after Hurricane Katrina.
Eskew met with several hundred employees as well as customers and dignitaries here today at the site of UPS’s newly rebuilt New Orleans package hub. The company reinvested USD7.6 million in the facility after it was completely flooded when the levees broke. All told, some 20 package hubs and centers throughout the region suffered damage during Katrina and had to be repaired at a total cost of USD8.3 million.
UPS is celebrating its 100th birthday throughout 2007, primarily through employee events around the world. The celebration in more than 55 U.S. cities will revolve around the arrival of a mobile Centennial exhibit, built inside large tractor-trailers. In New Orleans, Eskew opened the exhibit for the first time and guided employees and customers through the displays.
UPS was founded in Seattle as a messenger service in 1907 by a 19-year-old teenager who borrowed USD100. Over the subsequent 100 years, much of it guided by founder Jim Casey, UPS transformed itself into a department store delivery service; a common carrier offering package delivery service throughout the United States; an international package delivery service with its own airline and now, a trusted business partner that literally enables commerce for its customers by synchronizing the flow of goods, information and money.
Today, UPS employs more than 427,000 people; operates the world’s largest package delivery network; operates the planet’s eighth-largest airline; utilizes almost 92,000 vehicles, and offers an ever-expanding array of supply chain services.

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DHL launches domestic airfreight service in China

Posted by | Jan 26, 2007 | |

DHL announced the launch of the DHL Domestic Airfreight service in China. To date, DHL Global Forwarding, one of DHL’s business units providing air and ocean freight services, is the first international forwarder to obtain the CATA (China Air Transport Association) domestic airfreight license, allowing them to operate within 17 Chinese cities. This is certainly a key milestone for both the company and the domestic logistics market, previously served only by Chinese state-owned and local companies. DHL Global Forwarding Domestic Airfreight is part of DHL Global Forwarding’s earlier announcement on the USD20 million investment plan to further enhance the company’s network infrastructure, human resources development, as well as products and services to meet anticipated business growth in China. With this launch and its First in China strategy, DHL is the only international logistics company offering both Domestic Express and Domestic Airfreight services.

The Chinese logistics market consists of various segments: international airfreight, and ocean freight, domestic airfreight, international and domestic roads, international and domestic rail and inland waterway and warehousing. According to the latest Boeing’s World Air Cargo Forecast, the domestic airfreight market has grown at over 20% every year since 1990, and is expected to double its current size and reach a ca. EUR 2.6 billion in 2010. China’s domestic air cargo market has become the second largest in the world with an annual growth rate forecast of 10.8% over the next 2 decades.

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FedEx Express to acquire express business of Chinese

Posted by | Jan 25, 2007 | |

FedEx Corporation announced today that its FedEx Express unit had signed an agreement with Tianjin Datian W. Group Co., Ltd. (“DTW Group”) to acquire DTW Group’s 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group’s domestic express network in China for USD400 million.

FedEx and DTW Group entered into a joint venture agreement in 1999. JPMorgan acted as exclusive financial advisor to FedEx. PricewaterhouseCoopers acted as exclusive financial advisor to DTW Group. The acquisition will include:

• DTW Group’s 50 percent share in the International Priority express joint venture, converting the joint venture into a wholly FedEx-owned company;

• The DTW Group assets used to perform International Priority services; and

• DTW Group domestic express assets from 89 DTW Group locations.

Upon closing, FedEx will employ more than 6,000 people in China. The transaction is subject to customary conditions, including government approvals and licensing.

DTW Group will continue to operate international freight forwarding, general cargo transport and merchandise distribution businesses.

The U.S.-China Business Council reported that a majority of China-based companies said gaps in China’s transportation networks diminished their competitiveness. Earlier this month, China reported that exports in 2005 reached a record USD762 billion, a year-over-year increase of 28 percent. Imports rose to USD660 billion, an increase of nearly 18 percent over the previous year. Total foreign trade in 2005 exceeded USD1.4 trillion, making China the world’s third largest foreign trading power.

It is the second largest domestic air cargo market in the world and is expected to be the fastest-growing market for air cargo, averaging more than 10 percent growth per year between 2003 and 2023.

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