Tag: Europe

Correos invests EUR 16 million in ITC plan

Posted by | Jul 23, 2007 | |

Correos will invest EUR 15 million to modernize its informatics assets. This investment is part of the ITC strategic plan in order to improve the quality and efficiency of postal services and to incorporate more add-value services.
Correos will also acquire 5,000 optical lectors, which improve the quality of tracking services.
Correos investment committee also approved € 1, 3 million for the purchase of 14 machines to facilitate the documents digitization process. The new equipments will be distributed into around 50 regional centers.

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Kuehne + Nagel International AG: Half year result

Posted by | Jul 23, 2007 | |

Kuehne + Nagel’s recent growth has moderated only slightly over the past six months, as seen through its half-yearly figures for the period Jan- July 2007 published last 29th July.

The headline profit figure, EBITDA (Earnings before Interest, Depreciation and Amortisation) which is the favored measure of the new logistics orientated K+N, grew by 12.6 pct compared to the first half of 2006, to CHF 467.9million on a turnover of CHF 9,968.3million, up 14.7pct . Net earnings grew by 27 pct. These figures are slightly below last year’s very high growth rates and suggest some tightening in margins.

K+N’s key sea freight business continues to grow strongly. Although a 15 pct increase in container volumes and a 13.6 pct increase in turnover reflect the buoyancy of the overall market, it claims it is still gaining market share. K+N admitted that margins were tightening yet still managed to return an operating profit growth of 15 pct .

Airfreight grew at an impressive 16 pct in terms of tonnage and 7.1 pct in turnover. Operational profit grew by 25pct and EBITDA margin was over 5pct .

Road and rail transport grew at 17.5 pct , but margins were much tighter with investment driving down EBITDA to CHF21.7million. However contract logistics jumped by 15.1 pct in terms of operational profits to CHF115million.

K+N indicated that it wants to grow its rail freight network business through acquisition in an attempt to improve its economy of scale. Six months ago it similarly indicated that it aimed to expand its road -freight network through acquisition; however it has yet to make a major purchase.

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Postcomm proposes to reject Royal Mail's zonal pricing application

Posted by | Jul 23, 2007 | |

Postcomm, the independent regulator for postal services, has announced that it is proposing to reject Royal Mail’s application to charge large mailers – using products which are not part of the universal service – different prices depending on where in the UK their mail is delivered (Royal Mail calls this zonal pricing).
Postcomm will issue a consultation document in August that will set out in detail why it is proposing to reject Royal Mail’s application. However, in the interests of reducing market uncertainty, the regulator is making this announcement today.
Royal Mail’s ‘zonal pricing’ application did not include services paid for by stamps or those bulk mail products that are included within the definition of the universal service which must, under the Postal Services Act, remain priced at a uniform rate regardless of delivery zone across the country. It is open to Royal Mail to submit a new application if it can be framed to meet the regulatory tests in Royal Mail’s licence and Postcomm’s statutory duties.
Royal Mail wanted to introduce this new pricing structure to these business mail products:
Mailsort 120 – first, second and third class, OCR and CBC;
Mailsort 700 – first, second and third class
Mailsort 1400 – third class;
Presstream – first and second class; and
Walksort – first and second class.

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Hermes Logistik will distribute goods for Lands’ End in Europe

Posted by | Jul 23, 2007 | |

German consumer parcel delivery company Hermes Logistik won a European delivery contract from US mail-order retailer Lands’ End.

Under the deal, Lands’ End is using Hermes to distribute goods ordered in Germany, while Parcelnet, the Hermes’ UK sister company, is handling distribution in Britain. The agreement will start to operate from16th September 2007.

Goods for German customers leave the European warehouse in Britain and the German warehouse the day after the order is received, are forwarded to the Hermes hub in Wiesbaden, and then delivered to homes or one of the Hermes Parcel Shops for collection.

Lands’ End is a direct merchant of traditionally styled clothing for the family, soft luggage, and products for the home. The company offer products through catalogs, on the Internet and in our Inlet stores.

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DHL Czech Republic building a new network of terminals

Posted by | Jul 23, 2007 | |

DHL Express (Czech Republic) is building a new network of terminals throughout the country to meet the growing demand for freight and logistic services and to optimize its logistics system.

The completion of the CZK 1 billion (EUR 35.4 million) project creating a network of eight main terminals – by the end of 2009, is expected to save the company between 10 and 15 percent in costs, said Jiøí Stojar, the company’s managing director. In addition, because of improved interconnections, the company anticipates higher revenues and bigger market share. In the segment of packages, DHL Express expects to grow its current share from 25 percent to 30-32 percent; and in products above 31.5 kilograms from 8 to about 19 percent, and it hopes to at least maintain its 46 percent share in express air delivery services, Stojar said.

This year DHL Express CR (together with DHL Freight, which is part of the firm) revenues are expected to reach EUR 185 million, about 15 percent growth compared to 2006.

The project, which will create the backbone of an updated distribution system, is almost half-completed with existing terminals in Brno, South Moravia, Èeské Budìjovice, South Bohemia, and Plzeò, West Bohemia. The Teplice, North Bohemia-based terminal, which is under construction, will be completed by the end of August, Stojar said, adding that the construction of a transshipment station in Hradec Králové, East Bohemia, has been delayed and the firm plans to finish it in the second quarter of next year. In 2008 the Prague and Olomouc, Central Moravia, terminals are scheduled to be built. The last two terminals will be built in 2009 in Ostrava, North Moravia, and another in the capital, Stojar said.

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