Tag: Courier/Express/Parcels

Dutch TPG negotiates 1.0 bln Euro credit facility

Posted by | Feb 7, 2005 | |

TPG NV is currently in a process of negotiations with banks on a new credit facility with a value of 1.0 bln euro (USD1.28 bln), a company spokesperson said on February 7, 2005. The spokesperson made the statement in a response to media announcements earlier on February 7, 2005. The new credit facility will have a term of seven years, and is to replace the existing 600 mln euro (USD770 mln) credit facility. The new credit will be used to increase TPG’s financial flexibility and liquidity, the spokesperson said.

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DHL heads for a greener future and supports government`s sustainable energy initiative

Posted by | Feb 7, 2005 | |

DHL will from today take its electricity from a green energy source supplied by Scottish and Southern Energy (SSE). Instead of traditional electricity, 181 UK offices will now be drawing energy from a good quality combined heat and power source (CHP). Unlike conventional forms of power, CHP is a fuel-efficient energy that puts the heat by-product normally wasted to environmental good use.
This initiative contributes to DHL`s current goal of achieving global ISO 14001 certification, the international standard for environmental management systems and reinforces DHL`s commitment to being environmentally responsible.

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UPS to acquire Polish Messenger Service Stolica S.A

Posted by | Feb 7, 2005 | |

UPS today announced it has agreed to acquire Messenger Service Stolica S.A., one of the leading parcel and express delivery companies in Poland. Terms of the deal were not disclosed. UPS expects to complete the transaction early in the second quarter of 2005, subject to customary closing conditions. The Warsaw-based Stolica offers customers a full suite of domestic delivery services through a strong nationwide network backed by advanced technology and an experienced workforce. The company has been operating in Poland, Central Europe’s largest economy, since 1993. Stolica’s customers include some of the most recognized brands in Poland across a broad range of industries, and company sales in 2004 totaled almost PLN 200 million (USD64 million).

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FedEx chief looks at next destination France is central to rail-hub plans

Posted by | Feb 5, 2005 | |

The founder of FedEx, Frederick Smith, is used to having his ideas laughed at until they become moneymakers. Having revolutionized the air transport business, Smith is still coming up with new ones. His latest is moving packages from planes to high-speed trains. He hopes to roll out the concept in Paris, the company’s biggest European hub, where talks have been under way with French officials for five years. It could take another five to resolve all the details, like financing and whether FedEx would have its own trains. But these uncertainties do not seem to deter Smith, who at 60 shows few signs of slowing down despite three decades of at the helm. ”I’m enjoying things a lot,” he said during a recent interview. ”We are changing the world, and it’s a real delight to watch it.” Smith was in Paris on his way to the unveiling last month of the Airbus superjumbo plane, the A380, at the Airbus assembly plant in Toulouse, France.

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DHL eyes Sinotrans increase

Posted by | Feb 5, 2005 | |

DHL may raise its 5 per cent stake in Hong Kong-listed Sinotrans as it beefs up delivery operations in China. The company – which expects to report revenue growth of more than 50 per cent in the mainland this year – said that China Domestic, its domestic parcel service, was expanding its reach to 50 cities from the initial 16. “There is a chance of raising the 5 per cent Sinotrans holding,” Klaus Zumwinkel, chairman and chief executive of Deutsche Post, told a briefing in Singapore. But he cautioned: “There is no immediate offering, or immediate need.” DHL acquired the 5 per cent holding in Sinotrans in February 2003 for USDollars 57m, building on a joint-venture tie-up that the companies have had since 1986.

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