USPS Third quarter financial results 2007
USPS Third quarter financial results 2007
Read MoreTag: Europe
TNT Express carries millions of shipments for German manufacturer
TNT Express has transported its millionth shipment from German machine parts manufacturer Heidenhain which has used the express company for the past 24 years.
After initially having 1,500 shipments from Heidenhain in 1983, TNT Express’ Munich branch today handles some 75,000 shipments a year, or an average of 340 shipments with about 700 parcels a day, representing 1,800 tonnes per year, the express operator announced.
Heidenhain develops and manufactures linear encoders, angular encoders, rotary encoders, digital readouts, and numerical controls, and delivers its products to manufacturers of machine tools and manufacturers of automated facilities and machines, especially for semiconductor and electronics manufacturing. Most products are manufactured in Germany and about 40 pct of its shipments are international.
Read MoreFedEx switches partners in Russia
FedEx has dropped its Russian partner Emex and signed a new Global Service Partner (GSP) contract with transport group Major. Russia is developing into a more important market for FedEx.
The new Russian GSP is Major Express, the express division of the freight transport group Major and founded in 2003. The Major group, created in 1998, is represented all over Russia with 90 regional offices and 2,500 sites, and offers a wide range of freight transport by road, rail, air and sea. According to information on its website, Major is an exclusive partner of air freight forwarder Expeditors, gained an ISO 2001 certificate in 2006 and joined FIATA and IATA in February 2007.
FedEx would work with Major and also other Russian transport firms to broaden its network in the country.
Read MoreDHL (Bahrain) appoint new Country Manager
DHL has announced the appointment of Nour Suliman, an industry veteran, as the new Country Manager.
Suliman will take the responsibility of driving the efforts toward developing the service portfolio offered by DHL. Addressing a press conference in Riyadh, Suliman spoke at length about his new mission and said: “I’m honored to move to the biggest and one of the fastest growing markets in the region. Certainly my new position will bring about its own challenges of the Saudi market, which is completely different from other markets of the world in terms of business, its volume, customer needs and high-rhymed growth”.
After joining the customer service department at DHL in Bahrain in 1978, Suliman held several senior management positions in different DHL locations including Saudi Arabia, Egypt, the UAE and Bahrain.
Read MoreFedEx targets double-digit growth in Central and Eastern Europe
FedEx Express is targeting double-digit growth in Germany and the rest of its Central and Eastern Europe region, and does not exclude further acquisitions to achieve its goals, senior executives told CEP-Research. The integrator will continue to focus on international air express and does not plan to enter the German domestic market, however.
“We are on an expansion path. We want to be the preferred partner for international time-definite shipments,” said Michael Mühlberger, FedEx Express Vice President Operations Central and Eastern Europe, in an interview. He was speaking after the press conference to announce the transfer of FedEx’s Central and Eastern Europe hub from Frankfurt to Cologne in 2010.
FedEx had invested strongly in Eastern Europe in recent years, setting up own organisations in Poland, the Czech Republic and Hungary and launching own flights to the three countries, he noted. In other countries, it is represented by Global Service Partners (GSP).
In future, FedEx wanted stronger links with these partners. “For those partners where we are convinced about their quality, we want to bind them with strong contracts or through acquisitions,” Mühlberger said. Following the recent acquisition of Hungarian partner Flying Cargo, however, no other acquisitions were currently pending, he stressed.
FedEx was seeing a trend for some industries that had set up production in countries such as Poland and the Czech Republic to respond to rising cost levels there by moving further east towards cheaper countries such as Romania, he noted.
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