Tag: Courier/Express/Parcels

STO to Cooperate with France La Poste

Posted by | Oct 11, 2004 | |

STO World Wide Express, China’s largest private express company, is intending to cooperate with French La Poste, the third-largest post group in Europe, to step into the international express market. With the commitment to WTO, China’s express market would be open to foreign investment from December 11 of this year, which brings great pressure to express companies. STO needs to expand its business scope under such circumstance, revealed a high-level official of the company. They are seeking foreign business partners in the hope of obtaining new profit growth areas through introducing foreign strategic investment and expanding international express business. Meanwhile, French La Poste is also eager to find a business partner in China, seeing Europe’s first two giants TNT and DHL making profit from China’s express market.

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Remaking FedEx’s Market

Posted by | Oct 11, 2004 | |

The numbers from the world’s largest express operator suggest the company and its market are undergoing dramatic change. Demand for international airfreight is strong but the slowing U.S. domestic business reflects shippers’ increasing preference for time-definite ground services.
Fedex reported record results in the quarter ended Aug. 31 even as domestic express business remained stagnant and rival DHL reported it would lose more than expected in the United States as it ramps up its operations there.
FedEx chalked up a 23 percent increase in revenue in the last quarter to reach $6.98 billion. Its operating profit surged from $200 million in the period a year ago to $579 million, while the operating margin went up from 3.5 percent to 8.3 percent.
The bottom line was that net profit more than doubled, to $330 million.

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Building Brown Bigger

Posted by | Oct 11, 2004 | |

Showing the kind of force it exerts on the logistics market, UPS bought up one of North America’s largest freight operators and raised new questions about how far consolidation of service providers will go and what the parcel giant’s increasingly large competitors will do to respond.

UPS bought Menlo Worldwide Forwarding, the $1.9 billion integrated and forwarding business that once carried the Emery Worldwide name around the world, from CNF for what appeared to be a fire sale equivalent of $260 million. With barely a financial dent to a balance sheet that includes more than $4.5 billion in cash and cash equivalents, UPS moved to fill a gap in its own heavy freight services and freed CNF from a financially struggling business that has distracted the company from its successful and growing Con-Way regional LTL operation.

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DHL US builds network and predicts losses of USD600m

Posted by | Oct 11, 2004 | |

Going after the U.S. express market is proving more expensive than DHL had anticipated.

The company’s parent Deutsche Post World Net says it no longer projects a profit in North America before 2006 and instead could lose around USD600 million this year and USD370 million next year as it bulks up to challenge FedEx and UPS.

DHL is spending USD1.2 billion on building infrastructure in the United States, including a network of regional ground hubs it is rolling out this fall. DHL says it remains focused on the long term market potential, not the losses in the short term.

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DPD number 3 in Europe

Posted by | Oct 10, 2004 | |

Jean-Paul Bailly said that DPD were currently number three in Europe but were coming up fast on TNT. I assume he meant in sales.
He also added that basically the DPD network was running at plus thirteen per cent 2003 against 2002 and the first quarter of 2004 was plus eleven per cent. He commented that the UK was doing particularly well.

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