Tag: Courier/Express/Parcels

TPG to invest 200 mln eur in China over 3 yrs to integrate business

Posted by | Sep 6, 2004 | |

TNT Post Group (TPG), the largest private post group in the Netherlands, will invest 200 mln eur in China over three years to integrate its business in the country, the Economic Observer reported, without naming its sources. According to the newspaper, the Dutch company will integrate its postal, express and logistics businesses in China into TNT One, and announce part of its investment plans in the country on September 10. The investment plans are part of the company’s expansion strategy in China before international express delivery companies are allowed to wholly operate businesses in China in November 2005, the paper said. It quoted a source familiar with the investment plans as saying TPG plans to set up a joint venture in China, possibly with China Post, but the source declined to release detailed cooperation plans.

Read More

FedEx begins freight service to Paris from Budapest

Posted by | Sep 6, 2004 | |

FedEx Corp. launched regular freight services between Paris and Budapest last Monday, a source close to its Hungarian subsidiary, Flying Cargo Hungary Kft, told the BBJ. Connecting Budapest with Charles de Gaulle Airport four times a week, the service is carried on one of FedEx’s own aircraft. The new service is expected to shorten delivery times for packages travelling between Hungary and Western Europe.

Read More

Deutsche Post reiterates 2004 ebita will rise as much as 13%

Posted by | Sep 6, 2004 | |

Deutsche Post AG, Europe’s largest postal service, reiterated that it expects profit to grow as much as 13 percent as the express division’s earnings rise.
Earnings before interest, taxes and amortization in 2004 will rise by 7.5 percent to 13 percent from the 2.98 billion euros (USD3.59 billion) posted in 2003, Chief Financial Officer Edgar Ernst said in remarks published on the company’s Web site for an investors’ conference at its Bonn headquarters. Deutsche Post on July 30 raised its 2004 earnings forecast after the sale of stock in the Deutsche Postbank banking unit helped boost second-quarter profit 87 percent. The company plans to spend 3.6 billion euros on expansion over the next two years with a goal of becoming the world’s biggest logistics company, and is considering a bid for 25 percent of Denmark’s postal service.

Read More

DHL, FedEx ranked leaders in Asian express-delivery poll

Posted by | Sep 3, 2004 | |

In a recent Reader’s Digest ‘Superbrands 2004’ poll, DHL Express and Federal Express were ranked the best recognised rapid-delivery services in Asia. Reader’s Digest magazine enclosed 180,000 questionnaires in its October 2003 issue and Nielson Media Research telephoned another 3,000 consumers, asking which brands they most admired in a range of 41 product categories. After analysing 6,000 responses, the magazine gave both DHL and Federal Express its Gold Award for Asia. The SuperBrands awards are based on Reader’s Digest surveys in Thailand, Malaysia, Hong Kong, Taiwan, Singapore and the Philippines.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest