UPS Inc. will guarantee USD42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.
Standard & Poor’s assigned a rating of AAA/A-1+ to the bond issuance, the company said Tuesday in a statement.
UPS is ranked No. 1 on the Transport Topics 100 list of U.S. and Canadian for-hire car-riers.
Read MoreA new euro 1.6m extension to An Post’s national parcel processing facility at Portlaoise Mails Centre was officially opened today by Minister for Communications, Marine and Natural Resources Noel Dempsey.
More than 20,000 parcels are processed at the Portlaoise hub each day, comprising parcel mail posted in Dublin and Leinster, as well as all incoming international parcels.
The 9000 sq ft extension to the mails centre brings to 43,000 sq ft the space devoted exclusively to parcel processing, an operation which involves tariff checking, barcoding, customs clearance (for international items) and sorting for onward dispatch and delivery.
“With globalisation, liberalisation and developments in technology, all national postal operators including An Post, have to change very rapidly to stay competitive and commercial in the postal market,” said Mr Dempsey.
Read MoreBulgaria has licensed domestic postal operator Tip Top Courier as the first private universal postal services provider, the country’s telecoms regulator, CRC, said on Monday.
“This market was worth 125 million levs (USD82 million/64 million euro) in 2005, which was a 24% annual increase. With the granting of a license to Tip Top Courier [the market] is entering the stage of competition,” CRC chairman Georgi Alexandrov told a news conference.
Tip Top Courier will launch universal postal services operations in January under the trademark T-Post. The company will invest some seven million levs in building its network by January 2009, Tip Top Courier executive officer Denka Dimitrova told the same news conference. Dimitrova said the investment will be financed through the company’s own funds and bank loans.
Bulgaria’s postal services market is likely to grow by another 24% this year, Alexandrov said. Postal services through couriers accounted for 60.8% of the total postal services market last year, according to data presented by Tip Top Courier chairman of the board of directors, Lachezar Kaparashev.
Dutch mail and express deliveries group TNT NV and UK rival Royal Mail are the two remaining bidders for ABX Belgium Distribution, Belgian De Tijd newspaper said on November 18, 2006.
The owner, Belgian railways SNCB/NMBS, aims to complete the deal within three weeks.
The EU competition authorities obliged NMBS to sell the unit by the end of 2006.
ABX Belgium Distribution is a market leader in the domestic parcel deliveries market. The unit has an annual revenue of 90 mln euro (USD 115.5 mln) and a 700-strong workforce. Furthermore, 650 trucks of third parties are running for the company.
ABX Belgium Distribution was earlier part of ABX Logistics Worldwide SA/NV (ABX), which was sold by NMBS to UK private equity firm 3i Group Plc and the management in August 2006. The deal included air cargo, sea cargo, customs, logistics and international transport activities of ABX Belgium.
Read MoreUrip Hudiono, The Jakarta Post/Jakarta
TNT is one of the world’s largest express delivery and logistics services, competing against DHL, UPS and Federal Express.
Established in Australia, the now Netherlands-based company has been operating in Indonesia since 1979. It has been expanding its network in Indonesia since last year and provides special delivery services for its customers. The Jakarta Post spoke to TNT country general manager Peter Langley.
Question: What is Indonesia’s express delivery and logistics services market like?”
Answer: We’re in markets all around the world, some of the markets are growing, and some of the other markets are growing even much more.
And we look at places like China, Vietnam and Indonesia. They’re places we need to be, because we know those markets are growing very quickly, for import, export and domestically.
We want to be here, and we want to grow our infrastructure. Indonesia is a very important platform as part of our the global network.
Indonesia also has a very big market for small and medium-sized enterprises (SMEs). I come from 10 years in the express delivery business in Australia, and the SME business is very big there, and I come here, and it’s even bigger.
Read More
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