Tag: Courier/Express/Parcels

DHL announces USD150mn in investments in Mexico

Posted by | Nov 11, 2004 | |

DHL announced Wednesday that it will invest a total of USD150 million in Mexico to increase the size of its fleet, remodel its operating and express centers, improve communications schemes, customer relations and publicity. The company is still the number one delivery firm in Mexico despite the fierce competition in the market. It has a quarter of the local market. Leticia Navarro, director general of DHL in Mexico, said that the firm has managed to expand its network to 228 countries, which means that it now serves 650,000 destinations and has 71,000 workers around the globe. In Mexico alone, DHL has 25,000 employees working in 140 express centers.

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More UPS freight forwarding buys possible – CFO

Posted by | Nov 10, 2004 | |

United Parcel Service Inc. Chief Financial Officer Scott Davis said on Wednesday future acquisitions in the freight forwarding arena are possible in coming years. Davis said on a Webcast of a transportation conference held by Citigroup’s Smith Barney unit that UPS was always looking to fortify its network by, for example, adding domestic freight forwarding capacity in the United States.

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DHL streamlining to impact ABX Air revenues

Posted by | Nov 10, 2004 | |

ABX Air, the one-year-old air cargo airline spun off from courier Airborne Express following the merger with DHL in 2003, said it expects to lose USD86 million to USD96 million in gross revenue in 2005 as a result of route restructuring by primary customer DHL. Airborne was forced to spin off its in-house airline to comply with U.S. corporate citizenship laws for owning domestic airlines. DHL retained ABX as its main air carrier, along with Astar Air Cargo, formerly DHL Airways. DHL notified ABX that it no longer would require airlift on 22 routes provided by 26 aircraft. Seven of the 26 aircraft are to be removed from service in January, with the remaining 19 aircraft removed by the end of 2005. The projected revenue reductions include money the airline made from marking up expenses to operate its planes. ABX said annual net income would take a hit in the range of USD800,000 to USD1.5 million.

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Yamato Transport’s 1st-half net profit jumps 2.5-fold

Posted by | Nov 10, 2004 | |

Japan’s largest parcel delivery service company Yamato Transport Co. said Tuesday its group net profit in April-September soared 2.58 times from a year before to 16,569 million yen. The brisk result in the first six months of fiscal 2004 was attributable to sales growth and pension-related gains, Yamato Transport officials said. The company saw an increase in costs to beef up its services to survive competition with Japan Post, a public corporation. But it could reduce costs in many other segments, the officials said.

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DHL would spend EUR20 mil next year to build three new processing centers in Russia

Posted by | Nov 9, 2004 | |

DHL (USA) stated on November 11, 2004, it would spend euro20 mil (USD25.6 mil) next year to build three new processing centers in Russia. It is planned to build a 10,000 square meter, euro9.5 mil euro terminal in the Moscow region, close to Sheremetevo airport (Moscow, Russia) and one each in St. Petersburg and Samara. DHL preferred to leased small-scale warehousing facilies before but lack of supply of large-scale facilities forces it to start new construction. DHL plans operations in Russia will grow by 50percent including 60percent for inter-Russian deleveries. TNT (Netherlands) reported 33percent growth of operations in Russia in 2003 mostly due to logistic services rendered to the top international companies, i.e., Sony (Japan), Lucent Technologies (Korea), and Hewlett-Packard (HP) (USA).

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