Tag: Courier/Express/Parcels

DHL plans to buy logistics companies in Baltics

Posted by | Jul 13, 2005 | |

Deutsche Post AG’s express services and logistics company DHL plans to buy local logistics companies in Estonia, Latvia and Lithuania, BNS news agency said. Managing director of DHL Express Nordics Bill A. Blomquist said the company plans to expand in the Baltic countries. ‘This will happen through organic growth and takeover of local logistics companies,’ he said. Blomquist said the process has already started and talks with local companies are underway.

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FedEx to build Asia’s largest cargo hub at Guangzhou’s Baiyun airport

Posted by | Jul 13, 2005 | |

US logistics firm FedEx Corp said it plans to build what will be the largest Asia-Pacific hub at Guangzhou’s Baiyun International Airport in southern China.
The company said it will invest 150 mln usd in the facility which will have a total floor space of 82,000 square meters located on 63 hectares. The hub is expected to assume and expand the current activities of the existing hub in the Philippines, beginning in December 2008, the company said in a statement. ‘More than two decades ago, we envisioned China as a nexus of global supply and demand and as a result became the first express carrier to enter the market,’ said Frederick Smith, FedEx chairman. ‘Today, we further invest in our leadership position by creating a new gateway that expands our customers’ access to the global marketplace.’ FedEx said the decision to develop the new hub was made following a study that forecast Asia will remain the world’s fastest growing regional air freight market, with growth of 8.5 pct each year until 2023.

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Nightspeed award

Posted by | Jul 12, 2005 | |

For the sixth year in a row Tipton-based Nightspeed Secure Worldwide Express has won the Secure Parcel Carrier accreditation awarded by the Institute of Transport Management

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Netherlands cuts TNT stake to 10 percent

Posted by | Jul 12, 2005 | |

The Dutch State has cut its stake in mail and logistics company TNT by almost half to about 10 percent, which it plans to keep until the postal market in the Netherlands is fully liberalised. The finance ministry said it sold 43.4 million shares to ABN AMRO and Citigroup raising about 900 million euros (USD1.1 billion). Dealers said the banks were placing the shares in a range of 20.80 to 20.95 euros each. The deal is equivalent to about 30 days’ trading volume. TNT did not participate in the stake sale, a company spokeswoman said. In September, when the government last sold TNT shares to cut its stake to 19 percent, the company had bought back around a third of the shares.

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UK Business Post AGM trading update

Posted by | Jul 12, 2005 | |

At the AGM today of Business Post, the UK’s leading independent express delivery company, the Chairman, Peter Kane, will state: “In the first quarter of the financial year, to 30 June 2005, revenues in Parcel Services were 9% ahead of last year, benefiting from continued strong growth in HomeServe and the higher rates of growth in the International market for cross-border shipments. Revenues in Express were ahead of last year but affected by market conditions which continue to be challenging. Accordingly, a number of initiatives have been undertaken to reduce costs. Within Specialist Distribution Services, revenue growth was 15% and profit margins continued to improve within UK Pallets. UK Mail made further progress, trading ahead of expectations, increasing its market share to around 1.25%, and successfully launching its service for unsorted mail.

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