Tag: Courier/Express/Parcels

Business Post dives on profits alert

Posted by | Apr 5, 2005 | |

There was a heavy thud in shares of Business Post today after it admitted profits will miss most City analysts’ forecasts.

Shareholders have enjoyed four years of almost unbroken share price rises at the courier group. The stock more than quadrupled on expectations of fat profits from the company entering the postal market and breaking up the Royal Mail monopoly.

But the revelation that group pre-tax profits for the year to 31 March will come in below the GBP21.5m expected extended the stock’s recent fall to 15percent, diving 38p today to 605p.

Read More

Business Post close period trading update

Posted by | Apr 5, 2005 | |

Business Post proposes to announce its preliminary results for the year ended 31 March 2005 on Tuesday 17 May 2005 and today issued a trading update reporting expected increased turnover in Express, a reduction in turnover growth for Pallets and excellent progress for UK Mail. Business Post expects its turnover for the year ended 31 March 2005 to be in line with expectations but pre-tax profit (before goodwill amortisation) to be slightly below consensus market expectations of approximately GBP21.5m. The Board’s overall outlook for the year ending 31 March 2006 remains unchanged.

Read More

SNCF outsources spare parts logistics to TNT Logistics

Posted by | Apr 4, 2005 | |

SNCF, the state-owned French railways company, has awarded the global, Netherlands-based Mail, Logistics and Express company TPG NV, through its business unit TNT Logistics France, a 6 year contract for the management of spare parts for its high-speed trains (TGV), locomotives and railcars. The contract is worth EUR80 million and operations will start beginning of 2006. TNT Logistics has been selected to operate the 45,000 square meters central warehouse that will be located in the Paris surroundings, as well as to manage distribution operations of parts to the repairs & maintenance centres.

Read More

FedEx says ‘no decision yet’ to move Asia Pacific hub to China’s Guangzhou

Posted by | Apr 4, 2005 | |

FedEx Express said it has made ‘no decision yet’ on whether to move its Asia Pacific hub to the southern Chinese city of Guangzhou from Subic Bay in the Philippines. FedEx said in a statement that it is still pondering various options and has yet to finalize its development plans in the Asia Pacific, despite a local media report that it had decided to move its Asia Pacific hub to Guangzhou. FedEx initially agreed in December 2003 to assess potential opportunities in Guangzhou’s new Baiyun International Airport, which is one of China’s largest airports.

Read More

DHL goes for home run in rivals’ back yard

Posted by | Apr 4, 2005 | |

If there remained any doubt about DHL’s commitment to becoming a force in the US, it disappeared last week when the German-owned package delivery company struck a deal to sponsor Major League Baseball. Attaching its name to America’s “national pastime” is the most brazen sign to date of DHL’s ambitions to challenge United Parcel Service and FedEx on their home turf. DHL, part of Deutsche Post, said it had been adopted as an official partner of baseball’s top league for the next three years, raising the profile of a company that had until recently been largely absent from the US. The sponsorship is the latest in a series of initiatives by DHL to break the dominance of UPS and FedEx, which together command nearly 80 per cent of the US market.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest