Tag: Germany

UPS says China is company’s top priority

Posted by | Aug 2, 2005 | |

UPS has said that China is the company’s top priority and that the American firm was expanding flights and facilities in the Asian nation that has become a manufacturing powerhouse.

“China isn’t an option. It’s essential. It’s our No. 1 priority,” John Beystehner, chief operating officer at UPS, said at a conference hosted by the Atlanta-based company.

Beystehner said the company plans to establish a hub in the Chinese financial capital of Shanghai by 2007. The firm’s 18 weekly flights in and out of China would expand to 21 next year, he added.

By the end of this year, the company’s China operations plans to have 3,500 employees, 1,400 vehicles and 75 facilities, Beystehner said.

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DHL raises ante on RFID

Posted by | Aug 1, 2005 | |

The race to deploy radio-frequency identification technology moved into a new stage. A major carrier has jumped into the mix, which may prompt shippers to take a fresh look at the technology. In June, DHL said it will place RFID tags on all of the more than 1 billion packages it ships annually by 2015, becoming the first major package carrier to commit to a complete RFID rollout by a certain date. “They’ve made it very clear they’re going to spend whatever it takes for RFID,” said Bob Berg, RFID manager at DHL Americas. The development generated predictions that DHL’s plan will advance the technology’s maturation and spur shippers to give it a closer look. “By 2015, RFID will already have established itself as the primary track-and-trace technology,” said Jack Grasso, senior director of corporate communications at GS1 U.S., the automated identification standards development and implementation body formerly known as the Uniform Code Council.

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Deutsche Post World Net EBIT increase by more than 10 percent

Posted by | Jul 28, 2005 | |

In the first six months of 2005, Deutsche Post World Net increased its profit from operating activities (EBIT) by 10.6 percent to about 1.7 billion euros. At 21.5 billion euros, revenue rose slightly compared with the first six months of 2004. First-half net income amounted to 939 million euros compared with 721 million euros in the same period a year earlier. Earnings per share increased from 65 euro cents to 84 euro cents. In the second quarter, net income grew by 76 percent from 275 million euros in the year-earlier quarter to 484 million euros, or 43 euro cents per share.

“Our development in the first six months shows that we are on the right track,” said Chairman and Chief Executive Officer Klaus Zumwinkel. “I can confirm once again that we will reach our earnings target of 3.6 billion euros for this year.”

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Deutsche Post outlook boosted by DHL

Posted by | Jul 28, 2005 | |

German mail and logistics company Deutsche Post said on Thursday second-quarter operating profit rose 21 percent, boosted by its DHL express and logistics units, and reiterated its annual goals. Earnings before interest and tax (EBIT) rose to 781 million euros (USD942 million) in the second quarter from 647 million euros a year earlier. Net profit rose 76 percent to 484 million euros. Deutsche Post reiterated that it expects 2005 operating profit of at least 3.6 billion euros as it benefits from continuing growth in world trade. That compares with full-year EBIT of 3.35 billion euros in 2004. Earnings this year benefit from the end of amortization under international accounting rules and a lower tax rate. Quarterly sales increased 4.4 percent to 10.96 billion euros from 10.5 billion in the second quarter of 2004. The company is investing USD1.2 billion in DHL in the United States, where it is vying for a larger share of the domestic market with FedEx Corp. and UPS.

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