Tag: Courier/Express/Parcels

DHL to invest USD40million in Mexico

Posted by | Aug 10, 2004 | |

DHL announced investments of USD40mil to develop its operations in Mexico including infrastructure, maintenance, new systems, and opening of logistics units. The figure doubles the investments made in 2003, while DHL’s 2004 turnover is to increase by 15percent. A strategic agreement with the export-import bank Bancomext would allow it to tap a larger number of small & medium sized exporting companies, adding to the 12,000 corporate customers already on its portfolio. Prospects for 2004 include a 12percent -15percent increase on the packages turnover to 45,000 per day to domestic and international destinations.

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DHL signs 3-year exclusive deal with Saudi’s Axiom Telecom

Posted by | Aug 10, 2004 | |

DHL, the world’s leading express & logistics company, has signed a three year exclusive contract with Axiom Telecom, one of the main distributors of mobile phones in the GCC, who commenced operations in the Saudi market last month.
Under the terms of the agreement, DHL will provide full logistics services to Axiom Telecom, handling inbound and outbound shipments, providing warehouse facilities, inventory management, and delivering items-on-demand to Axiom showrooms and distributors.

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FedEx US to acquire Parcel Direct

Posted by | Aug 10, 2004 | |

FedEx Corp has announced an agreement to acquire Parcel Direct, a division of Quad/Graphics, for USD120 million in cash. The transaction is expected to close during the second fiscal quarter and is subject to customary conditions, including Hart-Scott-Rodino clearance.

Based on Parcel Direct’s current size, this acquisition is not expected to have a material effect on the fiscal 2005 financial results of FedEx.

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A new EEC Directive on working hours will cause serious security issues for the parcel industry

Posted by | Aug 9, 2004 | |

Trying to keep up with the myriad EEC Directives, which are constantly spawned from the Brussels hotbed of activity, is causing a nightmare for every UK industry sector. Logistics companies will not be spared the sea of paperwork as a new EEC Directive on working hours is proposed.
John Pritchard, Head of Security at Tipton based Nightspeed Secure Worldwide Express is concerned about the issues of security that the proposed new legislation will jeopardise.
He said: “If the 48 hour a week rule is inflicted on to parcel carriers it will mean taking on more staff. The parcel industry as a whole has a high turnover of drivers and warehouse staff and there is already a shortage of personnel.”

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FedEx to acquire leading parcel consolidator Parcel Direct

Posted by | Aug 9, 2004 | |

FedEx Corp have announced an agreement to acquire Parcel Direct, a division of Quad/Graphics, for USD120 million in cash. Parcel Direct is a leading parcel consolidator and will add a new dimension to the FedEx portfolio of services. The transaction is expected to close during the second fiscal quarter and is subject to customary conditions, including Hart-Scott-Rodino clearance. Based on Parcel Direct’s current size, this acquisition is not expected to have a material effect on the fiscal 2005 financial results of FedEx.

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