Tag: Courier/Express/Parcels

Hermes offers Europe-wide parcel delivery for small shippers

Posted by | Nov 13, 2006 | |

German parcel firm Hermes Logistik has extended its B2C domestic parcel service for small and medium-sized companies by offering deliveries throughout Europe. The fast-growing company said that its ProfiPaket Service launched in February this year was now available for deliveries throughout its European network.

The product is targeted at small and medium-sized companies with relatively low parcel volumes starting from just 1,000 shipments a year. Customer segments include traditional mail-order firms, eBay Powersellers or retailers aiming to increase their cross-border sales. Customers can use a special Profi Paket Service web portal to place orders, track shipments or return unwanted items.

Read More

Launch of senior debt syndication by Apollo Management VI, L.P. for TNT Logistics

Posted by | Nov 13, 2006 | |

Louis No. 1 Plc, an affiliate of an investor group led by Apollo Management VI, L.P., announces the launch of the syndication process for its and its subsidiaries’ euro805 million senior debt facilities in connection with the recent acquisition of the logistics business of TNT N.V. by subsidiaries of Louis No. 1 Plc. The euro805 million senior debt facilities comprise a euro500 million senior secured term loan facility, a euro150 million senior secured revolving facility and a euro155 million senior secured synthetic L/C facility. Meetings with prospective lenders have been scheduled for Tuesday 14 November and Wednesday 15 November in New York and London, respectively.”

Read More

PWC Logistics group of companies deploy new name (Agility) unifying the different brands of their logistics businesses

Posted by | Nov 13, 2006 | |

The PWC Logistics group of companies, which includes some of the most prominent names in the global logistics industry, including GeoLogistics, TransOceanic, and Trans-Link, today announced it is re-branding the company by unveiling a new company name and logo, Agility.

The Agility re-branding and its new theme, A New Logistics Leader, completes the integration of services across PWC Logistics’ group of companies and reflects the company’s single face to the customer and dedication to personal service. Today, Agility is a 20,000 employee company with over 450 offices in more than 100 countries. It is publicly traded, with annual revenues of US$4.5 billion and offers a comprehensive portfolio of freight management and customized logistics solutions on a global basis.

Read More

DHL, VNPT replace agency agreement with joint venture

Posted by | Nov 11, 2006 | |

DHL, a leading express and logistics company, and Vietnam Post and Telecommunications Group today announced its new joint venture, reinforcing the companies’ belief and commitment to the rapidly developing Vietnamese market. It was also a developmental watershed in the Vietnamese Express Industry, with the partnership between the world’s leading express provider and one of Vietnam’s largest State-owned enterprises, he added.

The DHL-VNPT Express Ltd joint venture application was licensed by the Ministry of Planning and Investment on September 27, and replaces the 18-year-old Agency Agreement that the two parties had operated under in the past.

DHL is the first international express company to announce a joint venture with VNPT in Vietnam. The new license will have no impact on existing customers, who will continue to enjoy uninterrupted DHL Express services during the period of transition.

The license showed Vietnam’s commitment to opening its economy and complying with international rules, said Nguyen Bich Dat, vice minister of Planning and Investment.

He hopes that the joint venture will be an important bridge between Vietnamese enterprises and foreign counterparts, contributing to better trade relationship between Vietnam and the world-wide community. – VNS

Read More

Lost line-haul business impacts ABX in 3Q

Posted by | Nov 10, 2006 | |

Losing a contract to manage over-the-road freight operations of DHL Network Operations Inc. took a bite out of ABX Air Inc.’s third-quarter profit
The company said late Thursday it earned USD6.6 million, or 11 cents a share, for the quarter ended Sept. 30, down 10.8 percent from USD7.4 million, or 13 cents a share for the same quarter a year ago. Revenue dropped 24 percent to USD281.3 million from USD369.9 million in third-quarter 2005.
DHL, a subsidiary of Deutsche Post World Net of Germany, assumed management of its line-haul business in May, which ABX previously managed, pulling the Wilmington-based company’s profit down, ABX said. This year’s third quarter includes a USD257,000 impairment charge related to the loss of that contract.
DHL’s line-haul business contributed USD74.8 million revenue for ABX during last year’s third quarter.
For the first nine months of the year, ABX reported income of USD21.1 million, or 36 cents per share, which was flat compared to last year’s earnings of USD21.2 million. Revenue fell to USD954.1 million from USD1.1 billion a year ago.

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