Tag: Courier/Express/Parcels

Austrian Post AG leaves DPD

Posted by | Sep 2, 2005 | |

Austrian freighters Lagermax, Schachinger and Gebrueder Weiss bought back the 30 pct stakes which Austrian postal company Oesterreichische Post AG had owned in each of them and thus ended the cooperation of their joint-venture parcel service company DPD with Post AG. Post AG started the cooperation with DPD in mid-1997 by buying 30 pct in each of its founders. The contracts for the withdrawal were signed on August 31, 2005, and the move is effective from September 1, 2005. The price was not revealed.

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Austrian Post AG plans own business parcel services

Posted by | Sep 2, 2005 | |

Austrian postal company Oesterreichische Post AG will sever its cooperation with parcel service company DPD and launch its own business-to-business parcel services in 2007, the Post AG supervisory board decided on September 2, 2005.
In the next two weeks Post AG will also buy a parcel service company in the Czech Republic, which CEO Anton Wais called the largest acquisition in the history of Post AG, referring to a well-known company. Wais, however, gave no details. Following the withdrawal from DPD Post AG is also considering acquisitions in Hungary and Bulgaria. Recently it bought Hungary’s direct handbill distributor Feibra.

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UPS to raise cap on air fuel surcharge

Posted by | Sep 2, 2005 | |

UPS today announced plans to raise its cap to 12.5% on the fuel surcharge applied to UPS Next Day Air®, UPS 2nd Day Air® and UPS 3 Day Select® and U.S. international air services beginning Oct. 3. A fuel surcharge on UPS Ground services is unaffected and continues to fluctuate monthly based on the U.S. Energy Department’s On-Highway Diesel price. It will stand at 3% in September.
UPS introduced a 9.5% cap on the fuel surcharge for its premium Air services in January of this year after prices began advancing rapidly toward the end of 2004. Since that time, jet fuel prices have increased more than 60%.

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FedEx Express likely to set up wholly-owned subsidiary in China

Posted by | Sep 2, 2005 | |

FedEx Express is likely to terminate cooperation with partner Tianjin DTW Group Co., Ltd. in a move to set up its wholly-owned subsidiary in China. An insider close to FedEx Express and DTW Group disclosed that both sides were expected to reach an agreement in the near future. FedEx Express is said to have two schemes to part from DTW Group. FedEx Express will probably pay CNY 100 million for another 50% stake in their joint venture named Federal Express- DTW Co., Ltd., which was formed in Beijing in 1999, or it will spend CNY 240 million to CNY 320 million on the other 50% stake in Federal Express-DTW and the express unit of DTW Group.

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GLS to expand in Germany

Posted by | Sep 2, 2005 | |

General Logistics Systems (GLS), Europe’s third-largest parcel delivery service, is planning to expand on the German market. The company wishes to have an extensive network of its own branches throughout Europe in future, and is aiming to raise the number of outlets it operates in various retail stores in Germany from 2,500 to 5,000 within the next year. In particular, the company is hoping to lure private customers away from German postal service operator Deutsche Post.

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