Nightspeed Secure Worldwide Express has denied a report that it has signed for Pall-Ex to deliver pallets nationwide. Nightspeed MD Ian Pickford told MT: “The rumour is nonsense. We have talked to networks but have signed nothing.”
Read MoreExpress carrier DHL International is in the process of taking delivery of 140 Eurocargos following the signing of a pan European agreement between Deutsche Post and Iveco.
The deal covers all 7.5-tonne vehicles procured during 2004 by companies within the Deutsche Post World Net group.
The Eurocargo 75E17Ses are being used to replace older 7.5-tonners in the DHL fleet, including a large number of Cargos that have been in operation for between four and six years.
Read MoreDeutsche Post and TPG have both expressed their interest in the Belgian postal service, which is set to be partially privatised. The Belgian government has appointed Morgan Stanley for the search for a strategic partner. Deutsche Post chairman Klaus Zumwinkel sits on the Morgan Stanley board, which worked together with Deutsche Bank to float Postbank on the stock market.
Read MoreDaimlerChrysler UK Limited has awarded TNT Logistics a five year, multi-million pound contract to manage aftermarket distribution of the group’s automotive parts throughout the UK. The group’s product portfolio incorporates Mercedes-Benz: passenger cars, commercial vehicles and Unimog; Chrysler: passenger cars; Jeep: passenger cars; smart: passenger cars and Mitsubishi: commercial vehicles (Canter). The contract, involving distribution of spare parts to around 300 dealers nationwide, will commence in April 2005. It will operate from DaimlerChrysler’s European Logistics Centre (ELC) and central distribution facility in Milton Keynes. TNT Logistics will utilise its extensive support network to facilitate the operation.
Read MoreTPG yesterday set a new medium-term target for its express delivery business, saying the unit would achieve a 10 per cent operating margin in 2007. The division is forecast to achieve a 7.5-8 per cent margin for 2004. In October it posted earnings before interest, tax and amortisation of EUR72m in the third quarter, from group ebita of EUR255m (USD342m). Separately, Jan Haars, TPG chief financial officer, told analysts in Rotterdam that the company “might be prepared to live” with a one-notch credit rating downgrade “if the right [acquisition] opportunity presents itself”. It is currently rated A1 by Moody’s and A by Standard & Poors. TPG would use surplus cash for investments, rather than share buy-backs, he said. It is targeting acquisitions in freight forwarding, to fill gaps in its express network in emerging markets, and for European mail consolidation and Chinese growth.
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