Tag: Courier/Express/Parcels

Portugal CTT to launch express mail service on Iberian Peninsula

Posted by | Sep 23, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal will launch as of October 1, 2005 its express mail service on the whole Iberian Peninsula, it was reported on September 21, 2005. Tourline Express will be the company responsible for CTT’s express mail services in Spain. CTT acquired Tourline Express for 28.5 mln euro (USD34.6 mln) in June 2005. According to CTT’s chairman, Luis Nazare, the acquisition of Tourline Express was the first step in the process of integration of all CTT’s operations in the segment of the express mail deliveries on the Iberian Peninsula market.

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DHL Express to set up 10 new centres in India

Posted by | Sep 23, 2005 | |

DHL Express (India) Pvt Ltd is investing USD10 million to set up 10 new centres during 2005 and 2006. It has a share of 60 percent in the domestic express shipments market. The company intends to maintain its annual growth rate of 25 percent.

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FedEx raises earning hopes

Posted by | Sep 22, 2005 | |

FedEx yesterday increased its full-year earnings forecast following a stronger-than-expected first fiscal quarter. The upbeat announcement erased much of the concern sparked among investors by more sluggish results in the fourth quarter of last year. Shares in the company rose nearly 8 per cent to Dollars 83.15 in response. Fred Smith, chairman and chief executive, said he remained optimistic about the US and world economy despite the impact of record fuel prices and Hurricane Katrina. FedEx and other logistics companies are considered economic bellwethers because of theircentral role in global trade. “We see continued improvement in the global economy. Trade is deepening and global trade is growing faster than (US) gross domestic product,” he said. First-quarter net profit increased by a modest 3 per cent to Dollars 339m, or Dollars 1.10 a share. However, those figures were depressed by a Dollars 79m one-off charge related to accounting changes.

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TNT named as bank’s best supplier

Posted by | Sep 22, 2005 | |

TNT announced that it has beaten off competition from up to 15,000 other companies to be named ‘Best Overall Supplier’ by The Royal Bank of Scotland.
TNT was commended for “reducing costs and delivering increased service efficiency” in its role as RBS’s exclusive distributor of cheques, internal mail and commodities supplies.

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UK Business Post warns amid tough trading

Posted by | Sep 22, 2005 | |

Shares in Business Post Group slumped 27 per cent yesterday after the mail delivery company said pre-tax profit would be “substantially” below last year.
The UK’s fourth-largest mail operator expects pre-tax profit for the year to March 2006 to be 10 per cent lower than last year’s Pounds 20m. Only in July the company had said trading was in line with expectations. Paul Jones, analyst at Numis Securities, said: “This is very much a surprise. Business Post had a reputation for delivering good growth and performance. They have been caught out.” The company said the expected profit fall was due to tough trading at its Express business-to-business parcels unit, which accounts for about half the turnover.

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