Tag: Courier/Express/Parcels

FedEx reports solid revenue and earnings growth

Posted by | Dec 20, 2006 | |

FedEx Corporation today reported earnings of USD1.64 per diluted share for the second quarter ended November 30, compared to USD1.53 per diluted share a year ago. The quarter’s results included costs associated with the new pilot labor contract at FedEx Express. The net effect of this agreement reduced second quarter earnings by approximately USD0.25 per diluted share. Excluding these costs, second quarter earnings were USD1.89 per diluted share, an increase of 24% from last year’s second quarter.

FedEx Corp. reported the following consolidated results for the second quarter. Revenue of USD8.93 billion, up 10% from USD8.09 billion the previous year.
Operating income of USD839 million, up 6% from USD790 million a year ago.
Operating margin of 9.4%, down from last year’s 9.8%.

Net income of USD511 million, up 8% from USD471 million the previous year
Total combined average daily package volume at FedEx Express and FedEx Ground grew 7% year over year for the quarter, led by ground and international express package growth.

Read More

TNT welcomes the inclusion of Bulgaria and Romania in the EU

Posted by | Dec 20, 2006 | |

TNT announced that it has invested significantly in Bulgaria and Romania in order to capitalize on the expansion of the EU in January 2007. Investments in new line haul connections and depots will enable TNT Express to benefit from the increase of trade between the existing EU countries and Bulgaria and Romania.

In Bulgaria, TNT Express has developed new domestic line hauls which allow offering same day export from the South-Eastern Bulgaria region as well as Central, Northern and North-Western Bulgaria. For 2007, it is planned to further develop the North Bulgaria line haul to enable same day export for the North-Eastern Bulgaria region as well.

In Romania, TNT Express is well equipped to gain from the increased trade between the EU countries. TNT has developed the largest network in Romania with three international depots in Otopeni, Timisoara and Cluj-Napoca. Investments have focused on improvement of the infrastructure and the line haul network. Transit times have been reduced from two days to one, for documents and parcels, import and exports, between Romania and all EU countries.

Read More

Competition for postal dollar delivered

Posted by | Dec 20, 2006 | |

Freightways says its purchase of the franchisor rights of small mail service Pete’s Post will expand the business from the main cities and ramp up competition against NZ Post.
Freightways’ postal service, DX Mail, said it bought the mail delivery businesses of Pete’s Post in Taranaki, Manawatu, Wanganui, Hawkes Bay and Bay of Plenty for NZD1.3 million.
Purchase of mail service expands alternative to NZ Post from cities into the regions
Freightways managing director Dean Bracewell said the purchase would allow the company’s DX Mail service to expand from the cities to the regional centres of New Zealand and increase competitive pressure on NZ Post.
Pete’s Post business complemented DX Mail which operated in all major towns and cities in New Zealand and had street-delivery services in Christchurch, Hamilton and Wellington, said Bracewell.
Freightways has forecast that the Pete’s Post arm would deliver operating earnings of about NZD500,000 over the next 12 months.

Read More

FedEx contract loss means Business Post shares struggle

Posted by | Dec 20, 2006 | |

Business Post shares suffered yesterday when US logistics giant FedEx confirmed it was scrapping a major contract with the company, which has a hub in Birmingham.

The move follows FedEx’s pounds 120 million acquisition of ANC Holdings, a major rival to Business Post in the UK.

Business Post’s shares retreated 32 1/4 ViTp to 429 3/4 p in early trading but later recovered some lost ground to close 17 1/4 p down at 444 1/2 p, a loss of 3.7 per cent. FedEx said it intended to terminate Business Post’s contract as “Global Service Participant” in the UK, a contract that accounts for about six per cent of the company’s turnover.

Given the operational gearing of the contract, the impact on earnings is likely to be slightly higher, City analysts believe.

Broker Altium has, however, maintained its earnings estimate for the time being.

But it has cut its long-term target price for the stock from 450p to 425p, while Teather & Greenwood downgraded shares from “buy” to “sell”.

Business Post said in a Stock Exchange statement that it expected the FedEx contract, which only came into effect in September this year, to end in September 2007.

Read More

Panel to attract private companies in air cargo

Posted by | Dec 20, 2006 | |

In order to attract private investments in air cargo operations from Reliance, Tatas and Deccan Aviation, the government has set up an inter-ministerial group (IMG).
“The group will identify requirements of different sectors – ranging from those trading in perishable goods to consumer durables – and make suggestions to expedite and improve cargo trade at domestic airports,” an official in the government said.
The civil aviation ministry, which is formulating a new policy to develop domestic airports for international cargo handling, will include suggestions of various ministries in that policy.
The move is significant since a host of private companies such as Reliance and Deccan Aviation as well as Tata group have recently shown interest in starting dedicated air cargo carriers, he said. The group comprises of officials from civil aviation, finance and commerce ministries. Representatives from the cargo industry such as DHL Express and Blue Dart are also part of the IMG.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest