Tag: Courier/Express/Parcels

FedEx to Acquire Watkins Motor Lines

Posted by | May 26, 2006 | |

FedEx Corporation today announced an agreement to acquire the less-than-truckload (LTL) operations of Watkins Motor Lines and certain affiliates for USD780 million, payable in cash. Heavyweight freight customers will benefit from the additional choice that this new, reliable and cost-effective solution will add to the FedEx Freight portfolio of services. Watkins Motor Lines, a privately held company headquartered in Lakeland, Fla., is a leading provider of long-haul LTL services. With over USD1 billion in annual revenue, Watkins will be rebranded FedEx National LTL and operate as a separate network within the FedEx Freight segment. The transaction is expected to close during the first quarter of fiscal 2007 and is subject to customary conditions, including government approvals. The acquisition is not expected to have a material effect on the fiscal 2007 financial results of FedEx.

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Parcelforce gets into the black

Posted by | May 25, 2006 | |

Parcelforce Worldwide has made its first operating profit in its 15 year history. It made an annual profit of (pounds sterling)5m on a turnover of (pounds sterling) 314m giving a return on sale of 1.6%. Last year Parcelforce lost (pounds sterling) 6m, according to the accounts released last week. The company says that it has seen growth particularly in the business to consumer market. Operating costs are 1.7% higher but this includes absorbing a 7% increase in volume. “The second half of the year saw an acceleration of unit cost improvements… strong improvements in vehicle and logistics costs have in part been offset by higher fuel costs and international conveyance costs as international volumes have risen,” the report says.

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Neopost works with FrankPay

Posted by | May 25, 2006 | |

Neopost, the pan-European mailroom equipment maker, has made its franking kit compatible with Parcelforce’s new service, FrankPay. FrankPay gives any franking machine user access to all domestic and international Parcelforce services via the web and lets them pay via their franking equipment. ‘This offers customers complete control of all their mail and express parcel costs from their franking machine,’ said a Neopost spokesman. The service also offers users a pounds 1 discount per parcel on normal Parcelforce tariffs.

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DHL dispatches increase 30% in Russia in 1Q2006

Posted by | May 25, 2006 | |

DHL dispatches increased 30% in Russia in 1Q2006 y-o-y, DHL Freight’s international automobile and railroad transportation rose 2 -fold, domestic – transportation 3 -fold, the company’s press service told SKRIN with reference to a press conference of Klaus Zumwinkl, BoD Chairman of Deutsche Post World Net, the main shareholder of DHL, held in Moscow on May 24, 2006.

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Chronopost International Portugal Q1 2006 Turnover Up 11.5 Pct Y/Y

Posted by | May 25, 2006 | |

Chronopost International Portugal, the local unit of French postal operator Chronopost International, generated a turnover of more than 7.8 mln euro (USD9.96 mln) in the first quarter of 2006, up 11.5 pct year-on-year, Portuguese economic news portal Agencia Financeira reported on May 24, 2006.
The number of orders processed by the company in the period exceeded 1.2 million, up 12 pct. The strong first quarter 2006 earnings results reinforced Chronopost International Portugal leading position among the private mail delivering companies in the country, the CEO for Portugal, Olivier Establet, said.

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