Tag: Courier/Express/Parcels

Bid talk delivers Business Post rise

Posted by | Jan 6, 2006 | |

Troubled parcel delivery company Business Post soared 7.5 per cent, the biggest riser in the FTSE 250 yesterday on speculation of a takeover approach. The founding Kane brothers, Michael and Peter, own 52 per cent between them and there are rumours that a global operator such as Holland’s TNT has approached them about buying their stake. Such a move would force a bid for the whole company, which after yesterday’s rise of 25 dp to 368p has a market value of GBP200million. Other predators could include UPS of the US and Deutsche Post, although the latter may have competition issues since it bought Britain’s Exel in October for GBP3.7 billion.

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DX Services plc – trading update

Posted by | Jan 6, 2006 | |

DX Services plc is providing a trading update in advance of entering its close period prior to the release of its interim results for the six months to 31 December 2005 which it expects to announce on 7 March 2006.

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Interparcel takes off on the web

Posted by | Jan 5, 2006 | |

Interparcel, an online firm offering discounted parcels services with most of the leading international carriers, says it has taken 50,000 orders in its first eight months of trading.

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Drop-box solutions are gaining ground

Posted by | Jan 5, 2006 | |

An unattended delivery system for which Business Post now has the UK licence, called eBox, is on trial with several hundred customers.
Three sizes of eBox are available, taking deliveries or outbound shipments of up to 20kg. Business Post claims this makes the system suitable for the B2B sector as well as its HomeServe customers, such as service engineers and party planners. The company hopes by this means to reduce the problem of failed deliveries.

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Parcel mergers could relieve price pressure

Posted by | Jan 5, 2006 | |

Recent acquisitions in the express parcel industry will help alleviate downward pressure on rates, according to Petar Cvetkovic, CEO of Target Express.
The wave of consolidation that happened a few months ago was for “negative reasons” as franchise operations such as Hellmann and NCN went bankrupt, Cvetkovic said. “They were offering low headline rates that were not sustainable.”

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