Tag: Courier/Express/Parcels

Rentokil Initial acquires Target Express to create leading overnight parcel delivery business

Posted by | Nov 30, 2006 | |

Rentokil Initial plc today announces that it has, through a subsidiary, made an offer to the shareholders of Target Express Holdings Limited (“Target Express”) to acquire the entire issued share capital of Target Express on a cash and debt-free basis for a cash consideration of GBP210 million, to be satisfied from existing resources. This offer is unconditional and acceptances have been received in respect of 90% of the share capital with the balance expected no later than the end of the year.

Target Express provides a full range of premium parcel delivery services for customers throughout the UK, with its main focus on overnight timed deliveries. It operates from 39 branches with a main hub in Coventry. Revenue has grown strongly in the business under the new management team that took charge in 2002. Turnover and operating profit (before amortisation and exceptional items) of Target Express for the year to 30 April 2006 were GBP146.1 million and GBP17.3 million respectively.

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The logistics industry must focus on security

Posted by | Nov 29, 2006 | |

Pan Nordic Logistics (PNL) is currently focusing on security and is preparing to set up a special group to investigate thefts and other security incidents.
Security issues must be given greater priority within the logistics industry, says Bengt-Eric Johansson, the new security manager at PNL.

PNL is currently putting together a security group and encouraging the logistics industry as a whole to focus more on security.
It will soon be Christmas, which is our busiest time of year for parcels. It is particularly important to be able to guarantee that presents will actually arrive, says Bengt-Eric Johansson.

PNL is a leading player on the Nordic market when it comes to parcels and pallets thanks to its strong network and committed partners. By focusing on security, the company wants to encourage the rest of the logistics industry to take a greater interest in the issue.

PNLs new security manager Bengt-Eric Johansson says that security should be a hot topic within the industry.
The logistics industry has been noticeably reticent on the issue of security for goods. We in the industry should act as one to push this issue further up the agenda, says Bengt-Eric.

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Two senior appointments to drive DHL's Middle East growth

Posted by | Nov 28, 2006 | |

DHL today announced two key senior appointments to its Middle East and UAE teams – David Wild has become DHL Middle East’s Commercial Director and Janet Jweihan has been appointed in as General Manager for the UAE.

David Wild, who has served as DHL UAE’s General Manager for six years, has been appointed Area Commercial Director taking responsibility for 13 countries throughout the Middle East and Levant. The 24-year DHL veteran has been responsible for expanding DHL’s operations in the UAE and driving record revenue growth during his period. He will be based in Dubai.

Janet Jweihan, has been with DHL for nearly two decades, and will spearhead and strategise the company’s future expansion plans in the UAE as the country’s new General Manager. Succeeding Wild and bringing a wealth of experience, Jweihan was Country Manager of DHL in Kuwait for the past five years. She recently relocated to Dubai after leading her team in Kuwait to the title of Country of the Year award twice, establishing Kuwait as one of the DHL leader countries across the region in terms of operations’ growth.

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UPS tries to boost delivery to investors Parcels group has struggled to integrate acquisitions and justify its strategy since going public

Posted by | Nov 28, 2006 | |

There have been few better investments than the Dollars 100 of borrowed cash that Jim Casey, a 19-year-old entrepreneur, used to buy twotelephones and a fleet of bicycles in 1907.

Nearly a 100 years later, the messenger service he founded from a tiny Seattle office has grown into the world’s largest parcel courier, with a market capitalisation of Dollars 85bn and operations in more than 200 countries. But as United Parcel Service approaches its centenary, the group’s investment appeal is no longer so clear.

In the seven years since UPS went public, its shares have struggled to gain momentum, rising 30 per cent compared with a near tripling in those of FedEx, its biggest rival.

Asked at an investor conference this month whether UPS would have been better remaining private, Scott Davis, chief financial officer, replied: “No comment”.

Investors’ lukewarm attitude towards UPS, known as “Big Brown” after the colour of its trucks, in part reflects the sluggish growth of its mature domestic business, which has lost market share to FedEx. But the biggest source of caution is the group’s expansion beyond parcels into a broader range of supply chain services.

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DHL launches North America trade lane initiative

Posted by | Nov 28, 2006 | |

DHL today announced a new program that will streamline cross-border shipping in North America.

DHL’s North America Trade Lane initiative represents a new way of looking at the rapidly changing needs of cross-border shippers in North America. DHL developed the program to help customers better address the ever-changing needs of global commerce. To that end, DHL is adapting its networks, infrastructure and services to better match customers’ evolving supply chains. The program includes:

– enhancements to DHL’s facilities, fleet and other infrastructure, including new International Gateways and expanded “Border Operating Centers” (BOC);

– additional bilingual customer service representatives to help customers navigate the regulatory aspects of cross-border shipping; and

– additional representatives to help customers with cross-border shipping solutions.

Canada and Mexico together represent nearly USD300 billion a year in export business to the United States, and are the first- and third-largest trading partners for the U.S., respectively. The U.S. is also the leading trading partner for each country.

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