Target Express is investing substantially in its depot network on the back of increasing turnover and profitability.
The company has yet to report on its financial year ending 30th April, but claims to achieving regular consignment volume records. On 12th April it handled 65,623 consignments and in the week beginning Monday 24th April, it notched up 282,311 consignments (559,513 items).
The Board of Directors of UPS today declared a regular quarterly dividend of 38-cents per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2006, to shareholders of record on May 15, 2006.
Read MoreThe German express and parcels industry is set for further consolidation in the next few years against a background of low growth in the mature domestic market and stronger growth for cross-border volumes. Meanwhile, trends such as rising B2C volumes driven by e-commerce and new technologies such as RFID will play even more important roles in the future. Those were the key messages from senior industry managers in a panel discussion at the recent “European CEP Congress” in Bonn.
Read MoreAn industry first offering from Royal Mail is set to shake-up the GBP1 billion same day delivery market by offering customers the ability to track the progress of their goods in real-time. The revolutionary service uses GPS satellite technology to track deliveries online. Royal Mail’s Sameday service allows customers to see the exact location of the vehicle carrying their items, even the speed it is travelling. The system is updated every 60 seconds to ensure ‘live’ tracking of an item’s progress. Gerry Farwell, Head of Supply Chain at Royal Mail, said: “Our new Sameday service is a real innovation for the delivery market. Integrating state-of-the-art technology and an innovative business model has enabled us to lead the charge on offering a Sameday service that provides the information on delivery progress customers are demanding.”
Read MoreGeneral Logistics Systems (GLS) is reducing its regular delivery time for international parcels in Central Europe by one third. Parcel shipments that have to cross two borders now arrive at their destination one day earlier. Since April 1st, six countries are integrated into the “Euro 48” project. For Belgium, Denmark, the Netherlands, Austria, the Czech Republic and the major part of France GLS is reducing the regular delivery time of its interna-tional basic parcel product from 72 to 48 hours. This affects shipments that cross two national borders. For neighbouring countries, a delivery time rang-ing from 24 to 48 hours is the rule at GLS.
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