Tag: Courier/Express/Parcels

UPS says China is company’s top priority

Posted by | Aug 2, 2005 | |

UPS has said that China is the company’s top priority and that the American firm was expanding flights and facilities in the Asian nation that has become a manufacturing powerhouse.

“China isn’t an option. It’s essential. It’s our No. 1 priority,” John Beystehner, chief operating officer at UPS, said at a conference hosted by the Atlanta-based company.

Beystehner said the company plans to establish a hub in the Chinese financial capital of Shanghai by 2007. The firm’s 18 weekly flights in and out of China would expand to 21 next year, he added.

By the end of this year, the company’s China operations plans to have 3,500 employees, 1,400 vehicles and 75 facilities, Beystehner said.

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TNT Q2 results show strong mail/record express margins

Posted by | Aug 1, 2005 | |

The second quarter of 2005 showed continued good performance of the Mail and Express divisions. The Mail division reported another strong operating margin, despite higher pension costs, and the European Mail Networks business continued to record strong organic revenue growth of 20%. Express revenues grew double digit and operating income was up 28%, reaching another margin record. The division is firmly on track to reach its ambitious target of a 10% operating margin in 2007.

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TNT results lead to French transportation unit up for sale

Posted by | Aug 1, 2005 | |

Global mail, express and logistics provider TNT has released its second quarter results. The Mail division saw revenues grow. TNT’s Express division saw the best results overall. However the company’s logistics division experienced mixed fortunes. TNT continued to experience problems in the transportation unit of its French operation. It has now confirmed this course of action by officially placing the transportation unit (60percent of its French logistics business) up for sale.

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DHL Executives debate next phase of US market strategy

Posted by | Aug 1, 2005 | |

With their expansion into the U.S. market on track and nearly complete, DHL executives face a fresh debate: How much profit can they realistically expect in the U.S. as they compete with larger, more-recognizable rivals?

That’s the next phase of attack of the U.S. market, said DHL Chief Executive John Mullen in an interview Friday with Dow Jones.

“We will enter 2006 with a fully integrated business. That’s a huge plus, because you’re not looking inward anymore,” Mullen said. But he added: “Integration doesn’t yet bring profitability.”

The company, which began its challenge to entrenched U.S. delivery companies United Parcel Service Inc. (UPS) and FedEx Corp. (FDX) in 2003 by buying Airborne Inc., is on track to break even in the U.S. in the fourth quarter of next year. But while DHL is a large and well-known express delivery company around the globe, it’s smaller in the U.S. than its main rivals.

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