Tag: Courier/Express/Parcels

UPS forging stronger links in the UK

Posted by | Jul 26, 2005 | |

Express giant UPS has signed an agreement to acquire UK parcel carrier Lynx Express. This move should not only help strengthen the US company’s capabilities in one of the most dynamic and fragmented parcel markets in Europe, but could signal a move towards further consolidation within the UK market.

UPS disclosed that it would acquire Lynx Express for USD96.5 million and expects to complete the transaction in the second half of 2005. UPS CEO Mike Eskew implied in an interview that the Lynx Express brand may be folded into UPS. This would not be surprising as UPS’s business model is based on rolling out a standard proposition in every country it has a presence in, albeit with some regional differences, giving its operations a strong and globally recognized brand.

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Dutch govt to consider sale of remaining 10 pct TNT stake

Posted by | Jul 26, 2005 | |

Dutch Finance Minister Gerrit Zalm has asked parliament if it has any objection to the government eventually selling its remaining 10 pct stake in TNT NV. In a letter on the sale of TNT shares earlier this month, sent to parliament late yesterday, Zalm cited an agreement from 2001 to inform parliament before taking the government’s stake in TNT below 10 pct. The government cut its stake from 19 pct on July 12. While the letter suggests the government may be readying for a further share sale, the remaining holding is subject to a lock-up period until July 2006.

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Asia-Pacific postal services combine to fight couriers

Posted by | Jul 26, 2005 | |

Australia Post is part of an alliance intended to improve competition against international air express companies. The other alliance members are China Post, Hong Kong Post, Korea Post, Japan Post and the US Postal Service. The alliance will provide a low-cost express courier service. It will target small to medium-sized businesses. The new enterprise will offer over 261 million delivery points, with 142,000 retail locations. Its rates for parcels up to 30 kilograms will be between 40 per cent and 50 per cent lower than those of competitors.

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TNT service extended

Posted by | Jul 25, 2005 | |

TNT has extended its Express Import service to 20 additional countries, including Mexico, Colombia, Ecuador, Morocco, Libya, Madagascar, Iraq and Sri Lanka. The service allows customers to arrange collections from a client in another country and pay for the delivery in their own currency. They can also send shipments to a receiver in another country and have them pay for the transaction in the local currency, removing any difficulties arising from exchange rate conversions and fluctuations.

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France’s La Poste wants to double int’l package delivery ops by end-2006

Posted by | Jul 25, 2005 | |

France’s state-owned La Poste mail carrier wants to double the size of its DPD international package delivery business by the end of next year by expanding its network of partners worldwide, Claude Begle, head of the unit, told the Financial Times Deutschland. ‘Our goal is to double the size of our business by the end of 2006,’ Begle told the Financial Times Deutschland. ‘In order to do this we will build up a worldwide package delivery network together with partners on four continents.’ The newspaper also said that the decision to expand DPD outside of Europe represents a radical shift in La Poste’s strategy. Previously, La Poste saw DPD as primarily a European company.

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