Tag: Courier/Express/Parcels

UPS purchase of LYNX Express is cleared

Posted by | Sep 26, 2005 | |

European Union antitrust regulators approved UPS Inc.’s proposed USD96.3 million purchase of British parcel carrier LYNX Express Ltd. on Monday, saying the deal posed no competition concerns in the European market. UPS announced the deal in July, aiming to expand its presence in Europe. UPS said the deal is expected to close by the end of the year. The European Commission said the transaction “would not significantly impede effective competition,” adding that LYNX’s domestic and international delivery services did not overlap with the European operations of Atlanta-based UPS. LYNX Express, based in Nuneaton, England, is majority owned by the private equity firm Bridgepoint Capital Ltd.

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DHL Moves to Wilmington Hub

Posted by | Sep 26, 2005 | |

Last week DHL moved its Greater Cincinnati/Northern Kentucky operations to a new one million-square-foot facility in Wilmington, Ohio, despite a continuing lawsuit over who has the right to finance the project. Nearly a year ago DHL struck a deal with the Dayton-Montgomery County Port Authority in which the state of Ohio guaranteed a bond financing deal and tax exemptions. But neighboring Clinton County Port Authority sued and two weeks ago a Clinton County judge ruled that the Dayton port authority cannot legally finance the deal. The expanded hub is in Clinton County’s Wilmington Airpark.

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DHL delivers on investments

Posted by | Sep 26, 2005 | |

DHL has responded to recent changes in world trading practice by spending up big in supporting Australian supply chains both internationally and at regional levels. In May, it opened an air express cargo facility at Darwin to expand freight traffic between Australia and Asia. In July, the company opened a dispatch, warehousing and distribution facility for regional NSW in the State’s second city, Newcastle. Both new facilities followed the March opening of the DHL Oceania hub at Sydney airport, and a new Perth airport hub designed as an improved gateway to Europe, Africa and the Asia-Pacific region. Headquartered in Germany, DHL has invested over $2.2 billion in Asia-Pacific facilities, much of it in the wake of recently established free trade agreements in the region and continuing negotiations among ASEAN nations for further trade liberalisation.

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Amtrak’s new weightlifters boost home delivery services

Posted by | Sep 26, 2005 | |

Amtrak Express Parcels has marked an important change in the home delivery market by offering a new express service for goods that are too heavy to be carried by traditional parcel services. The heavy lift ‘two-man’ delivery service will be of particular appeal to retailers who need to deliver popular items such as plasma and LCD TV’s, as well as a whole range of other electrical goods and home appliances. The new service gives retailers and e-retailers the scope to sell a wider range of products for home delivery with the convenience of a single carrier.

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TNT says it finds evidence of illegal acts in tax

Posted by | Sep 23, 2005 | |

TNT NV said it has found evidence past tax transactions were handled illegally, sending the shares down as much as 8.1 percent, the most in four years. The company, based in the Dutch city of Hoofddorp, is probing tax matters in the UK as well as the tax position of some non-UK subsidiaries, TNT said a statement on its Web site. TNT spokeswoman Daphne Andriesse declined to give further details. TNT, which employs 161,000 people and delivers packages around the world, in March last year took a charge of 59 million euros (USD72 million) for underestimating UK tax liabilities. TNT may face tax claims of as much as 400 million euros, including interest and possible fines, Dutch daily De Telegraaf reported, without saying where it got the information.

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