Tag: Courier/Express/Parcels

Transportes Azkar targets 8 pct sales, EBITDA growth in 2005 vs 2004

Posted by | Feb 28, 2005 | |

Transportes Azkar SA said it is targeting sales and EBITDA to grow 8 pct in 2005 from 2004, when sales rose 12 pct to 315 mln eur from a year earlier on an 8.39 pct rise in EBITDA to 43 mln eur.

In a presentation, the logistics group said it expects 2005 pretax profit to grow 15 pct compared to previous forecasts for 12-14 pct growth, while increasing its investments forecasts for this year to 25 mln eur from the previous 15-20 mln eur earmarked.

In a separate statement, Azkar said net profit fell to 16.6 mln eur in the full year to Dec 31 from 18.5 mln a year earlier, due to 1.36 mln eur less of one time gains booked in 2004.

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TPG improves operating margins across the board

Posted by | Feb 28, 2005 | |

TPG Q4 highlights include: express reaches 10% operating margin for the first time, logistics lifts margin to 4.1%, helped by standardisation programme, Wilson acquisition driving logistics revenue growth, integration is on track, higher growth in European Mail Networks and strong margin in Mail. The full year highlights include strong operating cashflow and net income growth and full year dividend lifted to 57 cents, up from 48 cents last year (subject to approval by the AGM.

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New package-flow technology not delivering at UPS

Posted by | Feb 25, 2005 | |

United Parcel Service Inc. has acknowledged that its highly touted package-flow technology isn’t flowing as smoothly as expected, with problems at about a third of the 300 or so centers where it has been implemented.
The package-flow software suite, a UPS initiative unveiled in October 2003, was developed in-house to help the company more efficiently plan deliveries made by its drivers in the U.S. At that time, UPS said it would deploy the technology at its 1,000 U.S. hubs by 2005 (see story). However, now it seems that full implementation won’t be achieved until the end of 2007, said UPS spokeswoman Donna Barrett.

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DHL, StanChart sign multimillion contract

Posted by | Feb 25, 2005 | |

Express and logistics company DHL was awarded a two-year contract by Standard Chartered Bank (StanChart) to manage the bank’s international document and parcel express shipments globally.

The multimillion contract underpins StanChart’s endorsement of DHL as the exclusive provider for the bank’s global express services covering documents and parcels from the bank’s worldwide offices to destinations around the world.

StanChart’s requirements will be overseen by DHL’s global customer solutions (GCS) division, which was established in January 2004 to provide a single point of contact across all markets for DHL’s top global customers. DHL has a long logistical experience in providing services to various multinational customers in the financial sector.

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UPS to close hub in 2006, laying off 1,400

Posted by | Feb 25, 2005 | |

UPS Inc said Thursday it plans to close its recently acquired freight sorting hub in Dayton in 2006, eliminating 1,400 jobs, in a move the company said would make its overall operations more efficient. The facility is the company’s only sorting hub for heavy airline freight. A new hub for handling cargo weighing more than 150 pounds will be built at another UPS facility in an effort to improve efficiency, said Norman Black, spokesman for Atlanta-based UPS. UPS has operated the hub at Dayton International Airport since Dec. 20, when the company bought it from Menlo Worldwide Forwarding for USD150 million. It also assumed USD110 million in debt in that deal.

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