Tag: DHL

Atlas Air Worldwide Holdings, Inc. Reports record annual earnings

Posted by | Feb 28, 2008 | |

Atlas Air Worldwide Holdings, Inc. announced record annual earnings in 2007, reflecting ongoing improvement in aircraft utilization due to proactive asset management, sustained operational execution, the positive impact of Continuous Improvement initiatives, and increased military and commercial charter demand. These positive measures more than offset the negative impact of record fuel prices on the Scheduled Service segment in the second half of the year. 2007 results also reflect significant reductions in AAWW’s net interest expense and effective income tax rate.

For the full year ended December 31, 2007, AAWW posted net income of USD 132.4 million, or USD 6.17 per diluted share, more than double 2006 levels, on revenues of USD 1.563 billion. Operating income of USD 154.8 million and pretax income of USD 132.7 million included a nonrecurring gain of USD 3.5 million on the disposal of aircraft and engines.

For the quarter ended December 31, 2007, AAWW reported net income of USD 50.7 million, or USD 2.35 per diluted share, on revenues of USD 442.8 million. Operating income of USD 70.7 million and pretax income of USD 66.7 million included a nonrecurring gain of USD 2.5 million on the disposal of surplus aircraft engines.

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Atlas Air Expands Service with DHL

Posted by | Feb 27, 2008 | |

Atlas Air Worldwide Holdings Inc. said on Wednesday it expanded its service with DHL Express, adding two more 747s under a three-year contract.

The air freight company will start the service on March 29. Another six of Atlas’ 747s are slated to provide express service for DHL starting on Oct. 27.

Atlas, which did not provide financial terms of the agreement, plans acquire three 747s to meet added demand from DHL and others.

Once the DHL service begins, “we will no longer be exposed to the commercial risk of filling the aircraft, the yield risk of pricing the freight that is on the aircraft, or the related risk of fuel and fuel-price escalation,” Chief Executive William J. Flynn said in a statement.

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DHL Express grows and expands in Eastern Europe

Posted by | Feb 27, 2008 | |

DHL Express is growing its local business and opening new facilities in Central and Eastern Europe to continue its expansion in the region.

In the Czech Republic, its domestic business PPL CZ increased volumes by 28 pct to 15 million parcels in 2007, thanks partly to the launch of B2C services with home deliveries, DHL Czech Republic announced.

PPL extended its network to 13 locations last year with new logistic centres at Humpolec in southern Bohemia and Libeznice near Prague as well as shared facilities with DHL at Teplice and Plzen.

In Slovakia, the express operator last month opened a regional terminal in Zvolen, mid-way between the capital, Bratislava, and the eastern city of Kosice. The facility, which is shared with DHL Freight, will cope with the company’s rising volumes, said country manager Laurenc Svitok.

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Teamsters reach tentative agreement with DHL (U.S)

Posted by | Feb 27, 2008 | |

The Teamsters union has reached a tentative labor agreement with DHL Express, a unit of Deutsche Post, the two sides said on Wednesday.

“This agreement is truly historic,” Brad Slawson, Chair of the Teamsters national negotiating committee, said in a statement. “It is the first new national master agreement negotiated in the transportation sector in decades.”

The deal will be reviewed by the Teamsters and DHL members, who will then vote on it. The Teamsters said the deal would cover thousands of DHL employees nationwide.

“”We’re pleased that the parties have reached a tentative agreement and look forward to its ratification,” said DHL spokesman Richard Gibbs.

DHL has around 20,000 employees in the United States.

The company has struggled to make headway in the U.S. market, which is dominated by United Parcel Service Inc and FedEx Corp.

Most of the UPS work force is unionized, while only FedEx’s pilots currently have union representation.

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DHL Express restructures French operations

Posted by | Feb 26, 2008 | |

DHL Express is restructuring its loss-making operations in France with the aim of making a profit in the country by 2009 and plans to appoint a new country manager shortly, Express Europe CEO Scott Price told CEP-Research in an exclusive interview.

“France has been the most challenging,” Price said in reference to past integration difficulties in Europe. But reports that DHL might withdraw from France due to the losses were “ nonsense”, he said. “I believe France is on the way to a solid recovery. I believe this will be a very good year.”

Price confirmed a report in German transport newspaper DVZ that the operator has reorganized into three operating companies, DHL Express Services, DHL International Express and DHL Freight. “I believe this is the structure to enable us to achieve profit there by 2009,” he said.

A new country manager will be appointed soon while interim boss Klaus Pfab, brought in last autumn to reorganize the company after two rapid changes of top management, will continue to play a role, Price said.

Asked about potential acquisitions in Europe, the Express Europe CEO commented: “I do not see any need for any major acquisitions in Europe. ” But there might be “bolt-on” acquisitions to extend the company’s position, he added.

Reports of interest in Romanian parcels firm Cargus were “speculation”, Price said. But he noted that Central and Eastern Europe was the operator’s main growth region, especially Poland and Romania.

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