Tag: International

SMEs turn to TNT Post (UK)

Posted by | Aug 12, 2008 | |

TNT Post announces the addition of its 2000th SME customer.
Cunard, the luxury cruise line which is part of Carnival Corporation and PLC, has become TNT Post’s 2000th SME customer. Cunard will now send its customer loyalty magazine and marketing literature via TNT Post in varying delivery volumes of up to 67,000 mail items every three months. Despite its adhoc mailing volumes, Cunard has been using TNT Post’s PremierSort Flex service to access the benefits, service levels and cost savings enjoyed by larger organisations as a result of the liberalised market. PremierSort Flex is a day definite mailing solution that has been designed specifically to benefit local and SME businesses that send upwards of 250 unsorted mail items per day or have weekly, monthly or irregular mailshot requirements.
TNT Post has witnessed its SME customer base grow from 600 customers in July 2007 to 2000 this month, demonstrating an increase of more than 300 per cent in 12 months.

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FedEx supports growth in South West UK with new international and domestic facility

Posted by | Aug 11, 2008 | |

FedEx UK announced the launch of a new facility in Exeter to meet the growing demands of business in the region.

The facility, located in the Greendale Business Park, Woodbury Salterton, has doubled capacity in the South West and reduces delivery times by up to one and a half hours. The station, which processes packages going to and from customers, will handle both packages for FedEx UK domestic, and FedEx Express International customers.

The depot, which is located five miles from Exeter City Centre and three miles from Exeter International Airport, has the capacity to sort 500 packages per hour along a 70-metre conveyor belt system designed to allow the fast processing of parcels.

The 17,000 sq ft facility was also specially adapted to allow vehicles to load from any of the 13 double-shutter doors at the front and side of the building – freeing warehouse space inside the depot for peak periods and annual growth.

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UPS hopes China ads deliver

Posted by | Aug 11, 2008 | |

UPS may spend as much as USD 60 million this time on Olympics-related activities from ads to hospitality, says Jim Andrews, Editorial Director of the IEG Sponsorship Report.

For UPS, making a good impression during the Games is crucial. The company believes China’s appetite for American products will grow exponentially in coming years, driving the market for deliveries across the Pacific and within Asia. In 2006, it conducted a survey of what it identified as 1,200 “middle-class consumers” in six Chinese cities. The findings suggested growing demand for U.S. products ranging from beauty products to DVDs.

In China, UPS is competing fiercely with FedEx Corp.UPS has had to play catch-up since 1995, when FedEx acquired what were the only existing rights to make all-cargo flights directly to China from the U.S. In 2005, FedEx also became the first express carrier with a direct flight from mainland China to Europe.

Before 2004, the Chinese government permitted 20 cargo-only flights a week by American companies between the U.S. and China. But that is scheduled to increase to 131 flights a week by 2010 as China eases its restrictions, according to Robert Dahl, Project Manager of Air Cargo Management Group, a Seattle-based aviation consulting firm.

FedEx and UPS, which each have about 6,000 workers in the country, are building new airport hubs in China that are set to open later this year — UPS’s in Shanghai and FedEx’s in Guangzhou. UPS is also competing against DHL and TNT.

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TNT NV 'deal' could trigger antitrust review for UPS

Posted by | Aug 11, 2008 | |

United Parcel Service Inc. (UPS) would likely face antitrust scrutiny on both sides of the Atlantic if its reported interest in Dutch rival TNT NV turns into a fully-fledged deal.

TNT shares rose on weekend media reports of renewed interest from UPS which, like smaller U.S. rival FedEx Corp., has courted the logistics and mail specialist several times in recent years.

Both U.S. companies prize TNT’s express delivery business in Europe and expanding Asian presence to counter a slowdown in their domestic activities.

Adding the 8 pct share of the European Union express delivery market held by UPS to the sector-leading 17 pct held by TNT would reach a level that normally triggers interest from competition officials at the European Commission. FedEx has a market share of just 2 pct in the EU.

Interest from the U.S. rivals has in the past faltered on valuation and the future of TNT’s domestic-focused mail division, which accounted for EUR4.3 billion of its EUR11.5 billion group sales last year.

Scott Davis, UPS chief executive, last month declined comment on any specific interest in TNT, though his remarks on its acquisition priorities indicate the Dutch group remains a potential fit.

TNT Chief Executive Peter Bakker said last month that the company could continue its independent strategy, but UPS was linked with the Dutch group again at the weekend. A report in the London-based Sunday Telegraph that said both sides had hired advisers.
Its shares later declined Monday after a UPS executive told Reuters any deal would hit the U.S. group’s valuation. However, the company said the executive was “misquoted”, and called for a correction.

UPS and TNT both declined official comment on the speculation.

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UPS dismisses TNT bid interest, TNT shares fall

Posted by | Aug 11, 2008 | |

A senior executive of United Parcel Service on Monday dismissed talk of a USD 15 billion takeover bid for Dutch rival TNT as a ‘rumour’, saying an acquisition would devalue its own shares.

The comments pushed TNT shares down by nearly 10 percent on Monday, erasing earlier gains posted after a source familiar with the talks told Reuters the U.S. company was in the early stage of discussions with Europe’s number 2 mail and logistics group.

‘That rumour again?’ Dan Brutto, president of the company’s international business, told Reuters in an interview.

‘I look at that (TNT share price) and said, ‘someone says we’re going to buy something that devalues our shares too at the same time’,’ he said, adding however that acquisitions were not something he oversaw directly.

‘But we always look at different things and try to fit (them) into the puzzle.’ He said UPS hoped to make some Chinese acquisitions.

Earlier on Monday, shares in Europe’s number 2 mail and logistics company gained more than 6 percent after a source told Reuters on Sunday that UPS was in the early stage of discussions with TNT.

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