Tag: Courier/Express/Parcels

Posten to expand in the Nordic countries

Posten’s Nordic parcel delivery operations is reporting tremendous growth. Posten has wholly and part-owned subsidiaries in Denmark, Finland and Norway and soaring growth in the Danish delivery market has necessitated new investment. Posten has earmarked 100 million Swedish kronor for operations in the Danish cities of Aalborg, Aarhus, Kolding and Herning to achieve the requisite capacity and delivery performance as well as to create a satisfactory work environment for the entire Danish DPD network. The effort aims to defend and expand Posten’s market position in the Nordic countries.

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DHL set to acquire 100 pc stake in Indian operations

The Foreign Investment Promotion Board (FIPB) has allowed Dutch major DHL Worldwide Express BV to convert its Indian operations into a wholly-owned subsidiary, despite strong opposition from the Department of Posts.

However, it has imposed a condition on the Dutch company, as per which the sale proceeds of the 53,000 shares held by an NRI will have to be remitted to an NRO (Non-Resident Ordinary) account in India.

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FedEx Corp. Fourth Quarter Net Income Jumps 47%

FedEx Corporation reported earnings of USD1.36 per diluted share for the fourth quarter ended May 31 including USD 0.01 of business realignment costs and a USD0.04 benefit from a nonrecurring reduction in the effective income tax rate. This compares to USD0.92 per diluted share a year ago, an increase of 48%. Earnings before business realignment costs and the tax benefit were USD1.33 per diluted share. “We have strong momentum in our business,” said Frederick W. Smith, chairman, president and chief executive officer. “Our entire portfolio of transportation services is experiencing strong demand, especially in ground, international express and regional less-than-truckload services. Another bright spot is the contribution of FedEx Kinko’s to our earnings. The company’s strategy of bundling its broad portfolio of services to customers is working very well.”

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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.

 

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