Tag: Courier/Express/Parcels

Philippine consumer affairs group recognizes DHL as best air express firm in ’04

Posted by | Jan 25, 2005 | |

DHL Express Philippines was named “Best Air Express Company for 2004” at the recent Who’s Who in the Philippines Consumers Choice Awards. Besting the express and logistics industry’s other players, DHL was conferred the award by the National Consumers Affairs Foundation and the Who’s Who in the Philippines Foundation. “We at DHL are very much honored to receive the approval of our Filipino clients,” said DHL Express Philippines country manager Alan Cassels. “Being in the Philippines for more than 30 years, we have grown, developed, and continuously strived to give the Filipino consumers only the highest quality of service.”

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Exel surges on talk of bid from UPS

Posted by | Jan 25, 2005 | |

Shares in Exel PLC surged over 4 pct in midmorning deals on speculation the UK transport logistics company could receive a takeover bid from US postal giant UPS, dealers said. Dealers argued such a deal would be logical and noted there are rumours circulating that Deutsche Post could also be eyeing Exel. Analyst Andrew Beh at ING said Exel would be a great fit for both UPS and Deutsche Post. Beh highlighted a report he published back in Nov 2004 which noted the potential for consolidation in the support services sector, with Exel specifically mentioned as a takeover target. ING pointed out consolidation in the sector would most likely involve quoted companies that have been awarded mail licences, such as Hays DX or Business Post Group. Yet the broker added that Exel, as a specialist logistics provider, is looking increasingly isolated.
In short, ING believes the most likely tie-ups will involve Deutsche Post World Net(DPWN)/UPS/Kuehne & Nagel and Exel/Wincanton.

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UPS set to report Q4 earnings

Posted by | Jan 25, 2005 | |

UPS will have some explaining to do when it releases its fourth-quarter earnings Thursday. The package delivery giant cut its forecast two weeks ago, citing weather issues and sluggish demand in the last week of the year. The explanation left analysts unconvinced. “We expect UPS management to admit several planning and execution shortfalls,” said Bear Stearns analyst Edward Wolfe. UPS is projected to earn 76 cents a share, up 8 percent from the year-earlier period. Sales are pegged at USD9.76 billion, up 9 percent from the same time last year, according to analysts. Before it lowered its forecast, the company had targeted a profit in the range of 83 cents to 87 cents a share. Shares of UPS have slipped over 8 percent since the Jan. 11 announcement that sparked two downgrades. So what’s gone wrong? Analysts sense rival FedEx is nipping at the heels of UPS in the ground delivery business. And DHL is looking to take market share as well, undercutting UPS on price. In addition, UPS might be running into problems rolling out new technology to deliver packages. When completed, the overall is expected to save the company USD600 million a year.

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China’s Zhaijisong courier service plans Hong Kong listing next year

Posted by | Jan 25, 2005 | |

Beijing-based courier service Zhaijisong plans to list on the Hong Kong stock exchange early next year, company president Chen Ping said. Chen said the privately owned firm was the fourth largest domestic courier firm in China, holding five pct of a courier market dominated by China Post’s EMS. He would not disclose Zhaijisong’s fund-raising target but he told a business gathering that the money would be used to mechanize more of the company’s operations and add to its current fleet of 1,400 trucks. London-based Investment bank Cazenove would manage the listing, Chen said.

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Standoff in An Post parcel row pushes company to brink of an all-out strike

Posted by | Jan 25, 2005 | |

An Post moved closer to a strike or lock-out last night when management ordered dozens of parcel sorters off the premises in a row over the company’s decision to close the SDS parcels depot in west Dublin. More than 40 postal workers had been suspended by 8pm and a further 25 on the late shift faced a similar lock-out or suspension later as peace talks continued into the night at the Labour Relations Commission. The management took a tough stance when some sorters refused to load parcels which had arrived off a US flight for transit to a separate parcels depot in Portlaoise. The company intends to shut the SDS Naas Road depot next week with 280 staff facing redundancy and a further 170 being offered jobs within the post office and local delivery office networks.

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