Tag: Courier/Express/Parcels

Target Express on road to GBP 250 m float

Posted by | Apr 26, 2005 | |

Directors at Warrington parcel firm Target Express are mulling a possible flotation of the business in a move that could value it up to GBP250m.

It is understood the firm’s venture capital investor 3i, which backed a management buyout in 2000, is now keen to exit the firm.

Target Express has appointed advisers Hawkpoint to look at its future and a possible sale is also believed to be high on the list of options.

Sources close to Target Express, confirmed that 3i, which owns 70 per cent of the business, is looking for an exit.

In a statement, chairman David Hoare said: “We are profitable and very cash generative so there is no need to do anything from a funding standpoint. But we always look at ways to increase our business and we will look at the whole range of options.”

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GLS group expands European footprint

Posted by | Apr 25, 2005 | |

GLS, the Royal Mail-owned international parcels group, has strengthened its European network with several financial investments and expansion moves. In the Czech Republic, it launched a start-up subsidiary on 1 April and will invest EUR 2m in the new company, including EUR 0.6m in the first year. In Poland, the group has bought 100% control of GLS Poland in which it previously held 25.1% and plans a system partnership with the previous majority shareholder, the Raben Group. In Spain, GLS is expanding through its own network and a new partnership. Barcelona-based subsidiary Extand Sistema was renamed GLS Spain in March. At the same time, the group is now co-operating with Chronoexpress, a subsidiary of the Spanish post office Correos.

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Teamsters target DHL

Posted by | Apr 25, 2005 | |

As it battles for a larger share of express shipping in the United States, DHL is getting the attention of more than just shippers and competitors. The express giant is facing an aggressive effort by the International Brotherhood of Teamsters union to organize the company’s independent delivery workforce. Started in force late last summer, the union campaign has recruited about 1,500 employees at DHL’s independent cartage contractors to the union ranks, said Rebecca Hanscom, national campaign coordinator for the DHL system at the Teamsters. That is just a fraction of the 10,000 independent delivery agents at DHL, but the union is mounting a national and grassroots campaign to recruit the balance. The objective is to recruit members at the local level, forge regional agreements and eventually press for a master contract covering all DHL employees.

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FedEx to operate Shanghai-bound cargo flights from Chubu airport

Posted by | Apr 25, 2005 | |

FedEx Corp. of the United States said Monday it will operate five Shanghai-bound direct cargo flights per week from Chubu Centrair International Airport near Nagoya starting May 9. This will bring the number of flights FedEx operates from Chubu airport to nine per week, including the existing four North America-bound flights. FedEx expects to draw strong demand for cargo flights from automobile and precision equipment manufacturers based in and outside of Nagoya, central Japan.

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DHL builds B2B network with centre in North UK

Posted by | Apr 22, 2005 | |

DHL Global Mail is ramping up its national business-to-business (B2B) network, as part of its assault on the deregulated postal market.

The company is opening a mail centre in Warrington, Cheshire – the first since DHL’s acquisition of business mail specialist Smartmail International last year.

Smartmail already provides London regions with a B2B collection and delivery service. The northern centre’s unveiling marks its full integration into DHL.

DHL says the opening represents a major step in its plan to create a national network to rival Royal Mail within the next 18 months.

John Ivers, UK managing director of DHL Global, comments: “The fundamental factor missing in today’s mail service is reliability. By building our own network, we have 100 per cent control over this.”

Gregor McGregor, chief executive of Postwatch, states: “Customers want regular, reliable postal services, and this new service hits the mark.”

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