Tag: Courier/Express/Parcels

UPS set to report higher results, despite fuel costs

Posted by | Oct 14, 2005 | |

Fighting high fuel costs in the air and on the ground, UPS Inc. is still expected to report higher earnings next week when the shipper turns in its third-quarter results.

Analysts expect UPS to earn 86 cents a share, according to a consensus estimate from Thomson First Call. Revenue is forecast at USD10.369 billion. Last year, the company earned 70 cents a share, according to First Call.

Against the backdrop of high fuel prices, competition is not relenting on any front. When rival FedEx Corp. reported its first-quarter results in late September, the company raised its outlook for the fiscal year even though fuel remains volatile.

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Deutsche Post expands in India with DHL

Posted by | Oct 14, 2005 | |

With bags of optimism and a lot of money, German postal company Deutsche Post is getting into the world’s fasting growing logistics market with its subsidiary DHL.

A key region in their Asian expansion strategy is India, which, like its neighbour China, has high levels of growth. Deutsche Post chairman Klaus Zumwinkel, recently opening a logistics HQ in Bombay, announced increased involvement in India and the whole Asia-Pacific area. Around 250 million dollars is invested there every year.

The Bonn-based company, which already has half of its turnover abroad, is set to become the clear world market leader in logistics (air and sea freight and contract logistics) with the agreed takeover of the British firm Exel. Zumwinkel said the takeover is due to be completed by December. He sees Asia as the engine of growth to cement this leading position.

“Asia is the world’s strongest growth market for us,” he notes.

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GLS Portugal commences operation

Posted by | Oct 14, 2005 | |

General Logistics Systems BV, Amsterdam (GLS), and its Portuguese network partner, Personalis SA, headquartered in Lisbon, have founded a joint venture – GLS Portugal. The agreements were signed on September 23rd and operations will start on November 1st. “The GLS holds 51 per cent of the company”, explains Rico Back, Chief Executive Officer of General Logistics Systems BV, Amsterdam. “With our entrepreneurial effort we are strengthening our position in Portugal.”

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DHL Danzas Lemuir further enhances network infrastructure with new corporate office in Mumbai, India

Posted by | Oct 13, 2005 | |

DHL Danzas Air & Ocean announced today the opening of its new DHL Danzas Lemuir headquarters in Mumbai, India. The new enlarged headquarters is a testament to the strategic importance that DHL places on India, touted as the next growth engine of the world. DHL Danzas Lemuir employs over 300 staff and has 17 offices and warehouse facilities in major cities in India, with three more offices scheduled to open in 2006. DHL has been building its logistics presence and strengthening its leadership position in India for almost 40 years, when the company commenced working with Lemuir. Over the last three years, it has invested USD250 million in the country, including setting up DHL Danzas Lemuir, a joint venture company with the Lemuir Group since 2003. “India has experienced phenomenal growth rates in recent years and the prospects for the next few years look just as magnificent” said Dr Klaus Zumwinkel, Chairman, DPWN at the opening of the new logistics headquarters.

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DHL: China to yield 75 percent of Asia sales in 5 years

Posted by | Oct 13, 2005 | |

China will account for as much as three quarters of DHL Express’s Asia-Pacific revenue in five years, up from more than 45 percent now, a senior executive said on Thursday. Asked about China’s contribution to Asian revenue, Jerry Hsu, DHL’s president for Greater China and Korea, told Reuters: “Hopefully, we will (have) at least 70 to 75 percent five years down the road. We have over 45 percent currently”. DHL, the express subsidiary of Deutsche Post World Net, expects revenue there to grow by more than half this year on top of 50 to 60 percent growth last year. “If GDP grows 8 to 9 percent, international express is going 30 to 40 percent, and we always aim to equal or grow faster than the market,” said Scott Price, DHL’s Asia-Pacific chief executive. DHL posted 3.4 billion euros (USD4.1 billion) of revenue in Asia in 2004, versus more than 24 billion euros worldwide, according to the latest figures provided in materials on Thursday.

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