Tag: Courier/Express/Parcels

Business Post Group plc – interim results and current trading

Posted by | Nov 14, 2005 | |

Business Post announces results for the half year ended 30 September 2005 in line with the trading statement of 21 September 2005, which highlighted a below-expectations performance by Express and the franchise network, together with successful trading in the rest of the Group. Financial highlights include: turnover increased by 21% to GBP133.0m, profit before tax and exceptional item totalled GBP6.2m (2004: GBP8.6m), impacted by the difficult economic conditions and reported pre-tax profit was GBP3.0m (2004: GBP8.6m). Parcel Services (Express, International and HomeServe) increased revenue by 8.6% to GBP97.7m, representing 73% of the Group total, but experienced mixed fortunes in a market that was among the most challenging in the Group’s recent history. Specialist Distribution Services (UK Pallets and Courier) made strong progress, increasing revenue by nearly 17% to GBP20.4m and UK Mail made excellent progress, increasing revenue almost six-fold, to GBP14.6m, representing 11% (2004: 2%) of the Group total.

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Austrian Post said planning to buy German Transoflex

Posted by | Nov 11, 2005 | |

Austrian state-owned postal company Oesterreichische Post (Post AG) plans to buy German logistics company Transoflex for up to 500 mln euro (USD584.4 mln), Austrian daily Kurier reported on November 11, 2005. A Post AG spokesperson declined to comment the report saying the company had a growth programme which envisages acquisitions both in eastern and western Europe. The deal could be carried out by the end of 2005, according to Kurier. The 500 mln euro corresponds to Post AG’s total investments planned for expansion in the neighbouring countries by 2008.

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Will FedEx gun for No. 4 TNT?

Posted by | Nov 11, 2005 | |

As shares of the world’s fourth-largest package carrier fizzled Thursday, Wall Street matchmakers couldn’t resist thinking FedEx Corp. would be the perfect suitor. Dutch transportation company TNT NV lost more than 5 percent of its stockholder value Thursday, a day after a private German investor said he was putting together a group, including an unnamed strategic investor in the logistics field, to buy it. When nothing materialized, investors began jumping ship. Analysts say it’s very possible FedEx is the strategic investor, interested in buying the express delivery or logistics division, or both.
“It would give FedEx a strong presence within Europe and the ability to offer comprehensive logistics and supply chain solutions,” said Jon Langenfeld, analyst at Robert W. Baird & Co. While UPS has also been touted as a possible suitor, the move makes more sense for FedEx because UPS already has a strong presence in Europe and a logistics platform for nonpackage solutions. FedEx would not comment.

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FedEx is set to wholly run its joint venture in China

Posted by | Nov 11, 2005 | |

Federal Express Corporation has reach an agreement with its Chinese partner Tianjin DTW Group Co Ltd. to buy up Federal Express-DTW Co Ltd, a Beijing-based 50-50 express joint venture between both sides, a source disclosed on November 8. The acquisition will be announced at the end of November or the beginning of December, according to the source. After UPS paid up to USD 100 million to end a marriage with Sinotrans Ltd, FedEx is believed to also want a divorce from Tianjin DTW Group because it has long been eager to become a player that wholly owns its operations in China. For now FedEx has two acquisition solutions: to buy a 50% stake in the venture from Tianjin DTW Group or to buy both the stake and DTW Express Co Ltd, a service under its Chinese partner. FedEx inclines to the first one while Tianjin DTW Group to the second one. FedEx wants to buy the stake at a low price in order to gain the venture’s service network in China and not to additionally buy a repeated service network from Tianjin DTW Group, the source said.

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FedEx Turkey offers services through Paketim.com

Posted by | Nov 11, 2005 | |

FedEx Turkey, the local unit of U.S. freight carrier FedEx Express, offers services through the website Paketim.com, it was reported on November 11, 2005.

FedEx Turkey customers can receive up to 45 pct discounts in shipping prices when using Paketim.com. Express orders within Turkey are delivered the same day and express shipments to the USA, Canada and Europe are forwarded on the next day.

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