Tag: Europe

Kuehne + Nagel rises to challenge of congested British roads

Kuehne+Nagel is opening an intermodal terminal in central England to meet the increasing challenge of moving deepsea containers through British ports on ever more congested roads.

The Swiss global logistics provider has signed a deal to use part of ABP Connect’s rail-connected Hams Hall facility on the outskirts of Birmingham. It expects to start operations there within two months.

K+N’s chief executive for North West Europe, Peter Ulber, said that initially the intention was to run up to three container trains a day, two from Southampton and one from Felixstowe.

The development of those operations will help K+N to double the proportion of ocean freight containers it moves around the country by rail rather than by road.

‘Three years ago we had zero movement of containers by rail,’ he said. ‘Now the figure is about 25% and we expect within two years to increase that to 50%.’

The planned opening of the Hams Hall operation, was ‘in line with the strategy of being able to control (container) flows ourselves all the way to the distribution centres of our customers’.

In addition to the container train connections from and to leading ports, contracted out to existing operators such as EWS and Freightliner, the Hams Hall terminal would also handle ‘at least a certain percentage’ of the company’s road-based container movements in the country.

Last year K+N’s British contract logistics division had seen GBP80m (USD158m) of existing contracts renewed and also secured GBP140m of new contracts.

Based on turnover, K+N is now number three in the British contract logistics market behind DHL and Wincanton. Plans for further developing that business included expanding total capacity by about 10%.

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Nightfreight announces financial results 2006

Nightfreight has announced its financial results for 2006. The company’s financial performance has improved turnover by GBP 8.4m (6.83 pct), and Operating Profit by GBP 3.1m (250 pct) demonstrating the benefits of its ongoing investment programme in customer service and operational developments which continues to radically improve the business.
The turnover and profit growth have exceeded the budgeted targets and have positioned the company a year ahead of its original plans. This growth is attributable to successful sales activity within all of the Company’s business units as a result of increased investment in sales activity. This sales activity was converted to additional profit due to the revised operational processes.

In addition to developing the sales growth of the organisation, the Company has strategically relocated a number of sites to offer better customer service, and undertaken a fleet renewal program enhancing the fleet’s capability to undertake the Company’s services. These investments will continue in the 2007 financial year.

Steve Allen, CEO Nightfreight Group, said: “Throughout the 2006 financial year, the company has made good progress improving its financial performance and commencing its transition to becoming a logistics and solutions business, offering customers new and innovative integrated services that will meet their changing requirements. We continue to improve our customer service offering whilst further developing our capability for the home delivery and contract logistics markets.”

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Postbank achieves record results

In 2006, Postbank achieved the best results in its history: pre-tax profits totaled 941 million, up 31.6 percent on the previous year (the comparative figures for 2005 are pro forma figures including theoretical amounts for BHW and the Deutsche Post retail outlets). The Bank’s other key figures are also extremely encouraging. The cost/income ratio improved from 75.0 percent to 68.3 percent, while the ratio for the traditional banking business, i.e. excluding transaction banking, fell by 6.8 percent to 66.7 percent. Return on equity before taxes increased by 4.0 percent to 18.9 percent.
The Bank’s balance sheet-related revenues, i.e. the total of net interest income, net trading income and net income from investment securities, increased by 10.7 percent year-on-year to 2.71 billion.
Net interest income remained the key revenue driver, although interest rates provided only limited positive impetus: at 2.2 billion, net interest income was up 11.6 percent on the previous year. Among other things, this reflects the expansion on the volume of customer loans, and the low-risk mortgage lending portfolio in particular.
Net trading income increased by 6.1 percent year-on-year to 245 million, while net income from investment securities rose by 8.1 percent to 292 million. This includes the book gains from the sale of non-strategic equity interests in the amount of 84 million.

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Deutsche Post will keep majority stake in Postbank

Deutsche Post AG will keep its majority stake in Deutsche Postbank AG, chief financial officer Edgar Ernst said in a newspaper interview.

‘The majority in Postbank is a fundamental part of our corporation and this will continue to be the case,’ he told German daily Die Welt in an interview to be published tomorrow.

Deutsche Post holds 50 pct plus one share in Postbank.

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