Tag: Courier/Express/Parcels

ABN AMRO Bank, BNP Paribas, HSBC Bank plc and The Royal Bank of Scotland plc complete EUR 1 billion multicurrency revolving credit facility for TPG N.V

Posted by | Mar 10, 2005 | |

TPG is pleased to announce the successful completion of a seven-year EUR 1 billion Multicurrency Revolving Credit Facility. The facility replaces the company’s existing EUR 600 million facility signed October 2003. It will be used as liquidity backup for TPG’s Euro commercial paper programme and for general funding purposes. The following banks also joined the transaction as Mandated Lead Arrangers, participating for EUR 100 million each: Citigroup, Commonwealth Bank of Australia, Deutsche Bank Luxembourg S.A., ING Bank N.V., JP Morgan Chase Bank N.A. and UniCredito Italiano-New York Branch.

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DHL recruits three new members to its Business Development Team

Posted by | Mar 9, 2005 | |

DHL Freight has further strengthened its Business Development team with three new appointments reflecting an increased focus on the Contract Logistics and Pallet Network markets.

Kevin Bennett has been appointed as General Marketing Manager. Kevin will be managing, co-ordinating and implementing all of the marketing and communications activities alongside the central marketing function. He will be responsible for the marketing team based at the Birmingham Head Office which supports the logistics and pallet network businesses.

Kevin has gained extensive marketing experience having held a number of senior positions in the logistics and transport sectors including National Express and Business Post.

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Nippon Express, Mitsubishi to merge Chineses distribution ops

Posted by | Mar 9, 2005 | |

Nippon Express and Mitsubishi Corp. plan to integrate their distribution businesses in China to create a nationwide network catering to Japanese firms operating there, The Nihon Keizai Shimbun learned Tuesday. The major transporter and the trading house intend to establish a joint holding company in Japan by June that will be capitalized at about 1.2 billion yen (USD11.5 million). Nippon Express is to take a 51 per cent stake and Mitsubishi the remainder. The firms are expected to sell their shareholdings in their combined six Chinese subsidiaries to the holding company, which will integrate the partners’ distribution operations in China. The new firm will control Nippon Express’ and Mitsubishi’s combined 106 sites in the country.

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The battle for parcel supremacy

Posted by | Mar 8, 2005 | |

Whenever David Abney looks up from his desk on the executive floor of United Parcel Service’s headquarters in Atlanta, he sees a large map of China mounted on the wall. “I have it right in my line of sight,” he says. “It reminds me and visitors to my office of the size of the place and the opportunity it provides for us.”

As president of the package delivery company’s international business, Mr Abney is quick to stress that Europe, South America and the rest of Asia are also important markets. But the fact that only China is granted its own map shows where his priorities lie.

“China is the largest and most exciting opportunity in the 30 years I’ve been with UPS,” he says. “It’s not a case of ‘should we’ or ‘can we’. If you’re going to be a global company in future you absolutely have to be a player in China.”

Over the past few months, UPS has committed an additional $600m of investment in China as it vies with rivals FedEx, DHL and TNT for leadership of the market.

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