Pallet network Pall-Ex has formed a strategic alliance with Hellmann Worldwide Logistics to give its members and customers pan-European coverage.
Pall-Ex has existing partners in Germany, Scandinavia and Spain and has been trunking into Europe on an ad hoc basis. From 2 August, it will offer a scheduled five-nights-a-week service available for quarter, half and full pallets.
Deutsche Post World Net’s profits leap 45percent
Read MoreAnalysts are beginning to doubt that Deutsche Post, the German postal service operator, will be able to limit its losses in the US this year as planned. The company had said in the spring that it intended to maintain its losses in the US at around the same level as for last year, when they totalled 284m euros. However, the loss sustained by the company’s US activities in the first half of 2004 amounted to 229m euros. The loss in the US has been attributed to the cost of integrating US company Airborne, which Deutsche Post acquired last year, and to the fact that the company’s market share is still low at 9 per cent.
Read MoreDHL, which Deutsche Post World Net AG wholly owns, said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations.
‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.
Read MoreDeutsche Post World Net reported a strong first half: Profit from operating activities (EBITA) rose by 14.5% to 1.682 billion euros. Consolidated net profit rose 10.9% to 721 million euros. Earnings per share increased to 0.65 euros. Second-quarter EBITA increased by 45.2 percent to 752 million euros, while second-quarter net profit nearly doubled to 280 million euros. Group revenue rose by 9.6 percent to about 21 billion euros in the first half-year of 2004. Revenue grew by 11.6 percent to 10.5 billion euros in the second quarter. The share of revenue generated outside of Germany rose by some 27 percent in the first half to about 9.9 billion euros, comprising nearly 47 percent of total group revenue. “We are very satisfied with our earnings performance this year, particularly the increases we were able to register in the second quarter,” said Klaus Zumwinkel, Chairman of the Management Board. “Our internationalization strategy is beginning to contribute handsomely to our overall results and we are competing vigorously throughout the world.”
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
