Tag: Courier/Express/Parcels

TNT acquires Speedage to build leading position in domestic express market in India

Posted by | Sep 1, 2006 | |

TNT N.V. today announced the acquisition of ARC India Limited which operates under the trade name Speedage Express Cargo Services, one of the leading road express companies in India.

This acquisition is a key component of TNT’s Focus on Networks strategy as announced in December 2005. Acquiring Speedage is in line with TNT’s strategic objective to become the leading provider of express deliveries in the emerging markets in Asia, specifically India. Combining Speedage’s strong domestic road network with TNT’s international and domestic networks will form a powerful platform for further expansion in the fast growing Indian express market.

TNT will gain a top 3 position in the fast growing Indian domestic road express market with the acquisition of Speedage. The combined revenues for TNT in India after this acquisition will be approaching Euro 100 million in 2007.

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Christian Salvesen appoints new Corporate Development Director

Posted by | Aug 31, 2006 | |

Christian Salvesen has appointed Sarah Vawda into a new role as Corporate Development Director.

Sarah takes responsibility for strategy and the corporate development activity for the Christian Salvesen Group. This includes the identification of potential opportunities for corporate growth within the company’s stated markets of ‘Food and Consumer’ and ‘Transport Services’.

This appointment is the latest in a number of senior appointments made by the company over the past two years. The appointments reflect Christian Salvesen’s new strategy with its greater focus on customers and business development. Sarah’s appointment is seen as critical to the identification of opportunities to develop services for both existing and potential customers in both existing and new operating regions.

Sarah joins the business from Corus Group Plc, where she was employed as the Deputy Director responsible for M&A and Corporate Development. In this role, she led a number of M&A activities including creation of joint ventures.

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DHL de Mexico invests USD 12.9 mln in fleet renovation

Posted by | Aug 31, 2006 | |

DHL de Mexico, the local unit of global express and logistics company DHL, a unit of German postal services group Deutsche Post AG, invested 140 mln Mexican pesos (USD12.87 mln/10.03 mln euro) in the renovation of its fleet, the Mexican unit said on August 30, 2006.
The new six airplanes, bought by the company, have already started flying. The new fleet will increase the cargo capacity by 40 pct and the airplanes will be able to reach new destinations in the Latin American country.
DHL de Mexico will also make six more flights daily in order to distribute the packages of its clients. The Mexican company usually flies to and from Hermosillo, Ciudad Obregon, Mexico City, Ciudad Juarez, Chihuahua, Monterrey, Villahermosa, San Luis Potosi, Mazatlan, La Paz and Guadalajara.
According to sources from the company, DHL de Mexico will be able cover 98 pct of the Mexican territory in a period of 24 hours.
The annual revenue of DHL stands at an average 34 bln euro (USD43.63 bln) in the last few years and it has operations in a total 228 countries.

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FedEx gets more flights to China

Posted by | Aug 31, 2006 | |

FedEx Express announced on Wednesday that it was granted permission by the U.S. Department of Transportation to start additional weekly flights to China, bringing its total to 30.

The additions, which will go into effect in March 2007, will allow FedEx Express to operate more all-cargo flights to and from China than any other U.S. airline, the company said in a released statement.

FedEx Express is the cargo airline division of FedEx Corp., operator of the world’s largest express transportation company.

FedEx Corp. earlier this year announced a $400 million agreement to boost its presence throughout Asia by taking full control of a 50-percent joint venture begun in 1999 with the Tianjin Datian W. Group.

The joint venture handles international package shipments to and from China, and FedEx’s partner, which goes by the name DTW Group, also operates a domestic delivery network with 89 locations in cities across China.

Memphis-based FedEx said it hopes to complete the acquisition during its 2007 fiscal year, which began in June. The operation will become part of FedEx Express.

Shares of FedEx rose 42 cents to close at $100.54 on the New York Stock Exchange Wednesday.

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DHL hikes air surcharge

Posted by | Aug 30, 2006 | |

DHL Express, the third-largest express carrier in the U.S. package competition, already had an 18 percent surcharge in effect for August. Its September fuel fee will be 19 percent.

All three major overnight parcel carriers that compete in the United States have now said they were hiking their air fuel surcharges by a full percentage point in September.

The two biggest express players in the U.S. package market, UPS and FedEx Express, both said they will push their fuel surcharges for overnight air parcels to 17 percent in September, from 16 percent now.The carriers listed the new fees in Web site updates. They had each held those rates steady from July to August, after jet fuel prices stabilized some from an earlier surge.

But as oil prices rose for much of the past month, jet fuel costs rose as well, pushing the fuel price indexes for all the carriers to another trigger level.

But while they were raising their surcharges based on aviation fuel, they left their ground shipment surcharges at the same levels they used in August as the cost of diesel that fuels most of their trucks did not show the same gains as jet fuel.

FedEx and UPS left their September ground shipment fuel fees at 4.75 percent. DHL held to its 4.8 percent ground fuel surcharge.

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