Tag: DHL

Cargus (Romania) considers strategic partnership or floatation

Posted by | Sep 24, 2007 | |

Cargus is considering selling a stake and also floatation.

Several companies on the market, including Curiero and TCE Logistica, are planning to sell a stake in 2008 or 2009.

The decision comes as companies attempt to maintain their market share amid rising competition and massive investments.

According to some market sources, Cargus is in talks to sell a stake to Deutsche Post World Net, the company that owns DHL 100 pct, however, the representatives of the two companies deny this information.

Cargus in the first six months of this year generated turnover worth 12.5 million euros from domestic delivery services, up 43 pct in terms of volume. “Another 6m euros were registered by the other companies of the group,” specifies Plesea.

Company representatives expect to derive turnover in excess of 30 million euros this year from domestic delivery services and reach around 40 million euros for the entire group.

Although the company’s turnover is rising, its profit margin is shrinking, and reached 5 pct in the first half of this year, from around 9 pct last year, according to Cargus’ manager.

Under the circumstances, the company’s representatives are mulling over the possibility of a shipping rate increase.

Cargus this year invested around 2m euros in the acquisition of 8 high-tonnage trucks, 100 vans and over 20 3-tonne vehicles, in addition to 40,000 euros in communication systems.

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DHL Express and Swiss Railways (SBB) relaunch their next-day parcel delivery service.

Posted by | Sep 20, 2007 | |

DHL Express and Swiss Railways (SBB) are extending their next-day parcel delivery service to same-day deliveries to key economic centers. Since this summer the two companies have offered a next-day domestic parcel delivery service called “A-Pac” where consumers can hand in their parcels at 71 DHL Servicepoints located at railway stations.

Under the DHL Rail Pac trial service launched on September 24, customers can now hand in letters and parcels at the Servicepoints in Zurich and Bern railway stations for same-day transportation to SBB stations in Basle, Biel, Lucerne and Geneva, with optional to-door final delivery by DHL. Items delivered to Lausanne, St. Gallen and Bellinzona have to be collected at the railway station. Pick-up customers are informed by phone when their items have arrived.

The pilot project will run for three months, and the two companies will then decide whether to extend it.

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Sinotrans Group plans USD 1.3 bln bulk shipping IPO

Posted by | Sep 20, 2007 | |

Chinese logistics giant Sinotrans (Group) Co’s resources shipping unit plans to raise more than USD 1.3 billion in a November IPO in Hong Kong, taking advantage of a global shipping boom, sources said on Thursday.

The parent of Hong Kong-listed Sinotrans Ltd partners with global players such as Deutsche Post’s, DHL and Korean Air, is applying to the Hong Kong exchange for its estimated HK USD 10 billion-plus (USD 1.3 billion) initial public offering, five sources close to the deal told Reuters.

The Sinotrans group operates 35 bulk cargo vessels and several oil tankers with a total capacity of more than 2 million deadweight tones, sources said.

China’s unabated demand for energy and raw materials to fuel galloping economic growth has fuelled strong demand for bulk cargo ships and sent the Baltic Exchange’s dry freight Index to record levels.

Strong demand and capacity constraints in the world’s major shipyards have elevated vessel prices, especially for bulk cargo vessels. Capesize prices rose 29 percent from the end of last year to end-July and Panamax prices gained 15 percent in the same period, according to Clarkson Research Services Ltd. Although a potential slowdown in U.S. economic growth may affect world demand for manufactured goods, those were mostly carried by container ships, analysts said.

Since Sinotrans’ ships are mostly registered in Hong Kong, the company would be listed in the territory as a red chip — a Beijing-backed or funded company incorporated outside of mainland China, a banking source said.

UBS and BOC International are co-sponsors of the deal.

Sinotrans Ltd has said its parent would soon wrap up a plan to inject infrastructure assets, including terminals and storage facilities, into the listed arm.

(USD 1=HKUSD 7.784)

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DHL increases capacity for Hong Kong-Beijing service to meet growing trade volume

Posted by | Sep 19, 2007 | |

DHL has further enhanced its overnight service between Hong Kong and Beijing, by increasing its dedicated flight frequency to meet the growing demand for cargo capacity fuelled by the robust trade between Hong Kong and Mainland China.

Customers utilizing this ten-time weekly dedicated service will now enjoy more options for their Hong Kong-Beijing shipment delivery schedule with the newly-added weekend flights, representing a 25 percent uplift capacity. As part of the service enhancement, DHL will utilize a larger Boeing B727-200F aircraft operated by Air Hong Kong – a 60/40 joint venture between Cathay Pacific and DHL – and customers will benefit from an overall 58 percent increase in payload capacity as the new freighter has a capacity to hold 24 tons per sector.

Trade between Hong Kong and Mainland China has been registering double-digit growth in recent years, boosted by strong Chinese exports. According to figures from China’s Ministry of Commerce, two-way trade figures in 2006 rose an impressive 21.6 percent, reaching US$166.2 billion. The uptrend continues in the first half of 2007, as trade volume expanded by a further 23.5 percent compared to a year ago. Hong Kong was China’s fourth largest trading partner and third largest export market last year.

The upgraded Hong Kong-Beijing service will further strengthen DHL’s Asia Air Network. The network currently comprises more than 30 destinations in 16 countries and territories, served by over 20 aircraft in dedicated air operations. This allows major Asia Pacific cities and other business centers to be interconnected through DHL’s regional hubs and gateways, providing DHL’s customers with overnight services across the region.

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DHL moves road operations from Vienna to Bratislava

Posted by | Sep 19, 2007 | |

Global transport and logistics company DHL has moved part of its express road transportation outlet from Vienna’s Schwechat Airport to Bratislava’s M.R. Štefánik Airport, Kamila Mráziková of DHL Express (Slovakia) said on September 18.

Thus, the M.R. Štefánik Airport has become an international sorting junction (a so-called hub) for road consignments from designated central European countries. Truck consignments from Hungary, Croatia, Slovenia, part of Romania and Austria, as well as a large part of the Czech Republic, which in the past used to come to Vienna, where they were processed, will from now on come to Bratislava.

In connection with the strategic changes, the DHL has employed new people at its terminal at Bratislava Airport, and, at the same time, it has made current personnel capacities more effective.

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