Tag: Courier/Express/Parcels

US FedEx Corp. Board declares quarterly dividend

Posted by | Aug 18, 2006 | |

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of USD 0.09 per share on FedEx Corporation common stock. The dividend is payable October 2, 2006 to stockholders of record at the close of business on September 11, 2006.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 32 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brands. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 260,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

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Data Systems & Software Inc. acquires 23 percent of Paketeria GmbH

Posted by | Aug 18, 2006 | |

Data Systems & Software Inc. (OTCBB: DSSI – News) today announced that it has completed the purchase of an approximately 23% stake in Paketeria GmbH. Privately held Paketeria is Germany’s first Services Supermarket, combining five service businesses under one roof — Ebay dropshop, post and parcels, photo processing, photocopy and printer cartridge refilling.

Commenting on the investment, John A. Moore, President and CEO of the Company, stated, “To me, Paketeria is exciting on several levels. I have had a successful business relationship for over 20 years with Paketeria’s founder, Andy Roesch. Through a public company in which I was the largest shareholder, I bought a stake in Andy’s former company, for USD 1.7 million, which he took public in 2000 and returned USD 100 million to us. That year, Andy was named ‘One of Germany’s Top 5 Entrepreneurs of the Year’ by Ernst & Young and the German Stock Exchange. With Paketeria, Andy has built a business that is growing explosively, approaching profitability, and exploiting a huge vacuum being created by the privatization of Deutsche Post in Germany. I feel that this will be a very successful investment for DSSI’s shareholders.”

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DHL takes over Deutsche Steinkohle logistics center in Hirschbach, Saarland

Posted by | Aug 17, 2006 | |

Deutsche Post World Net subsidiary DHL took over the Hirschbach logistics center of Deutsche Steinkohle AG (DSK), located in the German state of Saarland. The logistics specialists at DHL Exel Supply Chain will operate the center and assume 113 staff currently employed by DSK. As part of the deal, DHL will integrate the center within its existing global network and open it up for other customers, securing the long-term future and further development of the site.

The 85,000m² center includes 14,000m² hall storage area and is responsible for warehousing and supply to the Saar mine in Ensdorf and the central workshop in Hirschbach. DHL is taking over the entire warehouse management, quality control of materials and reverse logistics. The materials held in the warehouse include giant equipment such as extracting plants, power trains and engines, all the way down to spare parts and consumables. For DSK, signing the outsourcing contract guarantees the future of the site. “We wanted to give our logistics personnel a promising future. By opening the site to third-party customers, the center will be developed further during the next years. We’re delighted to be working with DHL, a partner that will be able to manage this task”, said Franz-Josef Heiermann, head of materials management at Deutsche Steinkohle AG.

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DHL makes offer for remaining shares of Blue Dart Express Ltd

Posted by | Aug 17, 2006 | |

DHL, the express and logistics company, has offered to purchase the shares in Blue Dart Express Ltd it does not already own, and delist the Indian express company in a further step to strengthen and expand its market leading position in one of the world’s fastest-growing markets. DHL, via its Singapore subsidiary DHL Express (Singapore) Pte Ltd, currently owns 81.03% of Blue Dart.

As the leading international express and logistics company, DHL has an extensive history of 27 years in India. DHL has invested USD 250 million in expanding the company’s footprint in India in recent years. This includes USD 163 million for the acquisition of the majority stake in Blue Dart Express in 2004.

India is a major engine for growth of DHL’s business in Asia Pacific, and the company is committed to provide superior customer service based on a world-class network infrastructure. In India, DHL, together with Blue Dart, have over 40,000 customers serviced by 7,400 employees through a combined national network of 14,000 locations, and a fleet of almost 3,000 vehicles.

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Blue Dart board approves DHL's delisting proposal

Posted by | Aug 17, 2006 | |

Domestic courier company Blue Dart Express Ltd today said its board of directors have approved the proposal made by its promoter DHL Express (Singapore) Pte Ltd to buy the outstanding publicly held shares of the company and delist its shares from the bourses.

DHL had proposed the purchase of the outstanding publicly held shares of Blue Dart and the delisting of the company under Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003, Blue Dart informed the Bombay Stock Exchange.

An EGM of the company would be held on September 20 to seek shareholders approval for the delisting proposal, it added.

As on March 31, DHL Express (Singapore) Pte Ltd holds 81.03 per cent stake in Blue Dart Express amounting to 1.92 crore equity shares, retail investors hold 4.09 per cent. While, mutual funds and UTI hold 11.18 per cent stake in the company.

Shares of the company were trading at Rs 571.05, down 2.96 per cent at the BSE.

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