Tag: Courier/Express/Parcels

FedEx and UPS lead China foray

Posted by | Feb 17, 2006 | |

FedEx and United Parcel Service are leading the charge among foreign logistics and transportation companies into China. Both companies have seen exceptional growth in the China market and believe expansion in China is crucial to future growth. FedEx recently agreed to pay USD400m to Tianjin Datian W Group to take full control of its international and domestic express business in China. The move, which is still subject to Chinese government regulatory and licensing approval, will allow FedEx to consolidate and expand its presence in secondary cities outside the main urban centres of Beijing, Shanghai and Guangzhou.
FedEx Corp chairman Fred Smith says: ‘This strategic investment in the long-term growth of China will broaden and deepen our relationship by improving access to important markets.’ UPS chief financial officer Scott Davis is similarly excited about the logistics opportunities in China. Speaking last month he said: ‘Business in China is still extremely strong. We don’t see anything getting in the way of this growth for many years to come. A big market, a lot of opportunities.’

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Depot statistics

Posted by | Feb 17, 2006 | |

Parceline has 42 depots and Interlink Express 113. Quoting the biggest numbers avilable, Parceline employees are 4100 and Interlink 3300 (to be exact that is 4154 and 3381).
(Phil Foster, Marketing Manager – Research & Strategy
GeoPost UK Limited)

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ANC set fair with new deal

Posted by | Feb 16, 2006 | |

ANC Group’s six-strong management group has taken a majority shareholding and secured a new long-term equity investor. The result of the funding deal is that: RBS and Halifax BoS have exited the company; the management have added 50% of the company to their earlier shareholding and now own 73.75%; and Lloyds TSB Development Capital owns 26.25%, with a commitment to retain its stake for seven years. In total, the package of senior debt (provided by HSBC), working capital and equity totals (pounds sterling)37.3m; the breakdown is not disclosed and there is no indication of the valuation of the company. Chief executive Mark Gittins says the new funding allows the firm to continue with long-term investment; short-termism is dangerous in the parcels sector, he says.
ANC claims to be the sector’s fastest-growing independent and last year increased annual capacity by a further 35m parcels. It is handling “up to 200,000 parcels a day”.

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Deutsche Post delays US breakeven target

Posted by | Feb 16, 2006 | |

Deutsche Post, which owns the DHL express-delivery service, said Wednesday that it would take longer than it had expected to stem losses at its US operations, sending the stock down sharply. US operations will break even ”in coming years,” the company said. It had previously predicted operations there would break even in the fourth quarter of this year. The German postal service has spent about USD20 billion on acquisitions abroad over six years, including DHL Worldwide Express and Exel, in preparation for the expiration of its domestic mail-delivery monopoly as of 2008. Difficulties with Airborne’s integration and a new processing center have led to losses in the United States.

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Deutsche Post shares slump amid DHL concerns

Posted by | Feb 15, 2006 | |

Deutsche Post on Wednesday abandoned its break-even target for its struggling DHL package delivery arm in the US and said it would stop reporting separate results for the unit. The news led to a substantial sell-off of the stock. The German postal group, the world’s largest logistics company, has been plagued by problems, particularly over service levels, following its acquisitions of DHL and Airborne, a Seattle-based delivery company bought for USD1bn in 2002. It had promised to break even in the US by the last quarter of this year but on Wednesday it merely said that “[DHL] will continue its path towards break-even in the coming years”. It also said it would no longer break results down geographically because none of its rivals, such as FedEx and UPS, did. Shares in the German group, which loses its domestic postal monopoly next year and has been seeking to expand abroad to compensate, plunged 3.6 per cent, making them the biggest losers among Frankfurt’s blue-chip stocks. “If people were being mean, they could argue that Deutsche Post wants to hide the progress of the US operations,” said one German-based analyst. “It is definitely not an encouraging sign.”

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