Tag: Europe

2008 UK Market Analysis Transport, Distribution & Logistics

Posted by | Jun 6, 2008 | |

2008 UK Market Analysis Transport, Distribution & Logistics

This report goes way beyond simple commentary and first level analysis, listing leading organisations in the sector covered and spotlighting those in defined phases of change. The Transport, Distribution and Logistics sector could more correctly be described as the Transport and Logistics sector Transport relates to the movement of people or freight, whilst Logistics relates to the theory and science behind the planning, implementation and management of the efficient movement of goods and people, as well as their temporary storage as part of the transportation process. Transport and Logistics is an area of the UK economy showing particularly strong signs of growth.

This report deals with the UK market for the physical distribution of goods and people. The freight elements include all modes of freight transport (air, sea, road, rail and pipeline), as well as other activities that form part of the supply chain, such as the national post and courier companies, cargo handling, storage and forwarding, as well as sea and airport activities. We estimate that the total value of the UK Transport, Distribution and Logistics sector will be GBP 80 billion in 2008, provided the global economies do not undergo a full blown recession, this would be up by 4% from an estimated GBP 77 billion 2007. GBP 80 billion is the total of the UK turnover for all companies operating in this market.

http://www.researchandmarkets.com/product/bf562b/2008_uk_market_analysis_transport_distributi

Read More

Preliminary results announcement for the year

Posted by | Jun 5, 2008 | |

Financial Highlights
– Revenue up 10% to £899m (2006: £819m)
– Underlying operating profit before exceptionals decreased to £18.1m (2006: £20.7m)
– Underlying profit before tax and exceptionals down to £12.5m (2006: £15.4m)
– Earnings per share of 17.90p (2006: 4.46p)
– Strong free cash flow of £61m, reflecting the £46m from the property sale & leaseback
– Significant reduction in net debt to £39m (2006: £94m)
– Final dividend unchanged at 2.45p
Operational Highlights
– Sales growth momentum continues
– New business wins ahead of last year at £130m
– Food and Consumer sector performed strongly
– UK businesses had an excellent year
– Transport sector had a difficult year
– Review of UK Transport complete and turnaround actions underway
– France continued strong revenue growth with new wins
– Strengthened management team
Stewart Oades, Chief Executive, said:
“Whilst the continued improvement in growing the business through new wins and increased retention rates is pleasing, there remains much to be done. The markets we operate in are still highly competitive and the performance of UK Transport is not acceptable. We have completed a thorough review of this business unit and have put in place a plan to move this business back into profit. Although this will take time, UK Transport is an essential part of our strategy to create a pan-European shared-user business.
“In the current year we expect revenue growth to continue and anticipate some benefit from the restructuring, although it will take longer before we see the full impact.”

Read More

Greece to start Hellenic Post sale this year

Posted by | Jun 5, 2008 | |

Greece plans to begin the sale of its state-run postal company Hellenic Post (ELTA) this year, ahead of a deregulation of its postal services market, a government official said on Thursday.

Greece has been selling down stakes in state-controlled companies to strengthen the economy’s competitiveness and to help pay down public debt, which at about 95 percent of GDP, is one of the highest in the euro zone. The conservative government was examining two different ways of privatising ELTA but no decision had been made yet, Communications Ministry general secretary George Anastasopoulos told Reuters in an interview.

“Our aim is to begin procedures to find a partner for ELTA in 2008, or list company shares on the Athens bourse and then find a strategic investor,” he said.

Greece is targeting 1.6 billion euros in revenues from the sale of ports, airports and public companies this year, but has only raised about 450 million euros so far.

Analysts estimate that the government could garner a further 150 million euros if it sells up to 20 percent of ELTA.

“All over Europe we are seeing moves to attract investors and strategic partners in the (postal) sector, and we want to see what interest exists in ELTA. It’s our final chance to get ready before the market frees up,” said Anastasopoulos.

A strategic partner for ELTA’s courier subsidiary should be announced early next year, he added. Two companies out of an initial dozen that expressed interest will be asked to present binding bids.

He did not name the suitors but Greek media reported DHL, UPS, Speedex, TNT and Imperio-Star were in the race.

Read More

Changes to the fuel surcharge of Express, Parcel and Unitised Transport services

Posted by | Jun 5, 2008 | |

Itella Logistics will revise the basis and rates of fuel surcharges applicable to its services: for parcels, the new fuel surcharge is 7.15 pct and for unitised transport services, 8.2 pct. The new rates will take effect on 7 July 2008.

From that day on, the fuel surcharge will be tied to the fuel factor of Statistics Finland’s cost index on the road transport of goods. The change will not influence agreements in any way, and the usage of services will continue unchanged in other respects.

– The current price trends have forced us to revise the basis and rates of the fuel surcharges applicable to domestic and international Express, parcel and unitised transport services, says Pekka Stenqvist, director in charge of Express and domestic freight services at Itella Logistics.

In recent months, fuel prices have increased drastically: the price per litre has gone up by approximately 25 pct this year.

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