Outsourcing Logistics 2007 Best practices for managing 3PL relationships
Outsourcing Logistics 2007 Best practices for managing 3PL relationships
Read MoreTag: France
Higher Overhead Costs Drag Down Western Union Q2 Profit By 7 pct
Western Union reported net income of USD 204.5 million, down 7 pct from USD 218.9 million and earnings dipped 10 pct to USD 0.26 per share from USD 0.29 per share in the same quarter last year. The company added that its results included USD 0.04 per share towards costs associated with being a public company. Twenty-one analysts, on average, surveyed by First Call/Thomson Financial expected the company to report earnings of USD 0.26 per share.
Total revenues advanced 8 pct to USD 1.2 billion from USD 1.11 billion in the previous year quarter. Sixteen Wall Street analysts’ consensus revenue estimate was USD 1.22 billion. Western Union attributed revenue upside to 14 pct international consumer-to-consumer business on 20 pct transaction growth.
While revenue from transaction fees rose 6 pct to USD 981.4 million from USD 921.7 million, revenue from foreign exchange advanced 13 pct to USD 185.8 million from USD 165.1 million and commission and other revenues contributed USD 35.7 million, 33 pct higher than USD 26.8 million recorded in the year-ago quarter.
Western Union said that its domestic consumer-to-consumer business witnessed a 10 pct downside in revenue on 5pct fall in transactions due to the immigration debate and broader market. The company also indicated that there was a sequential modest improvement. The company said that in a trend paralleling the Mexico business, domestic transaction volume showed improvements in every successive month of the second quarter with June witnessing the smallest downside of 3 pct .
The company disclosed that it was on a four-part strategy to improve its Mexico unit. Western Union believes that the revenue decline of 7 pct in the second quarter from the Mexico unit will moderate as the year progresses.
Read MoreServices of General Interest (Including Postal setion)
Services of General Interest (Including Postal setion)
Read MoreGermany-wide delivery in 24 hours
Germany-wide delivery in 24 hours
Read MoreChronopost cuts Toulouse delivery emissions by 58 pct
Chronopost, La Poste’s express delivery operator, said it reduced greenhouse gas emissions in Toulouse by 58 pct in 2006 thanks to using environmentally-friendly delivery vehicles.
The express company said that 70 pct of its customers recognized the importance of using “clean” vehicles for environmental protection, and 54% of them were prepared to accept additional delays in deliveries for the sake of the environment.
The company’s “Espace de Livraison Urbaine” (ELU), a special collection and delivery operation for the southern French city, went into operation in 2005. From a 280 msq base close to Toulouse airport, Chronopost operates six morning and four afternoon delivery rounds. City-centre distribution is carried out with six environmentally-friendly vehicles, including three electrically-powered vans and two natural gas-operated vehicles.
Moreover, the reduction in distances traveled during delivery rounds had improved social conditions for workers, and was economically viable since savings in time and energy offset the additional investment, Chronopost noted. A similar scheme is in operation in Paris, the express company added.
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