Tag: International

DHL Hub Leipzig: The last hurdle is cleared in Brussels

Posted by | Jul 23, 2008 | |

Deutsche Post welcomed the conclusion of the most recent state aid proceedings with an eye on the new hub of its express subsidiary DHL. The proceedings against the Free State of Saxony, which have been pending since 2006, have focused on the state’s financial contribution to the construction of a new runway at Leipzig Airport. In its decision, the commission did not object to the contribution.
An additional aspect of the proceedings dealt with financial guarantees of Saxony and the airport with regard to permanent 24-hour use of the airport among other things. Commitments to liability had been made here, since unlimited use of its facilities in Leipzig is indispensable for DHL as an express company and the company had sought maximal security for its investments at that time. The commission has now declared the commitments as not permissible.
No negative consequences result for the hub itself, however. Operations and the required investment security have been ensured in the meantime to the greatest possible extent through political and legal decisions.
CEO Frank Appel emphasized that Deutsche Post can live quite well with the commission’s decision: “We have obtained in the meantime the long-term security that DHL urgently needs at the Leipzig location. After the conclusion of the last EU Commission’s proceedings we can really say that we no longer see any restrictions from Brussels on the further operations of our express business at this important location.”
The limited reimbursement requirement also has no consequence whatsoever on the operational day-to-day business nor on DHL’s decision to operate the central European hub in Leipzig for the long term.

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Preview of second quarter: Deutsche Post World Net

Posted by | Jul 23, 2008 | |

Although there was some evidence of market growth slowing in Air Freight Forwarding and Express in the second quarter, Deutsche Post World Net still showed strong growth in underlying EBIT of around 18 percent. On an underlying basis all divisions met or exceeded last year’s second-quarter results.
Revenue growth has been increased by higher fuel costs that were recovered from customers. At the same time, foreign exchange effects continued to reduce revenue growth compared with the year-earlier period.
The revenue increase before foreign exchange effects was approximately 9 percent in the second quarter and reported revenue increased by about 4 percent.
Based on the first-half results and assuming no significant worsening of the global economy, the Group is maintaining its full-year guidance for 2008 and expects underlying EBIT of 4.1 billion euros.
While the U.S. air express market continues to soften, measures to restructure DHL Express U.S. are on track and negotiations with UPS are making satisfactory progress. An update on this matter will be issued after the conclusion of negotiations with UPS.
The full set of half-year accounts will be released on July 31, 2008 at 07:00 CEST. A press conference with Chief Executive Officer Frank Appel and Chief Financial Officer John Allan will be held at 10 a.m. CEST. An investor call will be held at 14:00 CEST.

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Deutsche Post "overweight," target price reduced

Posted by | Jul 23, 2008 | |

Analysts at JP Morgan maintain their “overweight” rating on Deutsche Post AG while reducing their estimates for the company. The 18-month target price has been reduced from EUR 27 to EUR 23.3.

In a research note published on 21st July, the analysts mention that the company witnessed weaker-than-normal trends this summer due to macro economic and earnings concerns. Deutsche Post’s performance for the current year has also been negatively impacted by fuel, labour and cost concerns, the analysts add. Deutsche Post’s current share price does not reflect the robust volume trends in the company’s mail business and some other positive factors, JP Morgan believes. The adjusted EPS estimates for 2008 and 2009 have been reduced from EUR 1.86 to EUR 1.71 and from EUR 2.12 to EUR 1.76, respectively

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trans-o-flex becomes exclusive logistics partner of tea supplier Ronnefeldt

Posted by | Jul 22, 2008 | |

Premium tea manufacturer J.T. Ronnefeldt has contracted the German express company trans-o-flex to manage stock-keeping, distribution and debtor management for all orders made by private customers via internet.

For years, trans-o-flex has been carrying out the distribution of products from Ronnefeldt’s warehouse in Pennigbuettel near Bremen, Germany. Based on this successful cooperation, the partners decided to broaden their partnership. Ronnefeldt has now put in stock 350 items at the trans-o-flex logistics site in Weinheim awaiting direct orders from private customers via the new online shop.

Trans-o-flex IT specialists have programmed an interface between Ronnefeldt’s online shop and the internet ordering portal InetOrder for the tea company’s new consumer service. The tea order data now goes electronically to trans-o-flex, where the shipments are prepared and packed immediately in Weinheim. InetOrder also generates the recipient invoice according to Ronnefeldt’s specifications, encloses the invoice with the package and forwards all the data to the trans-o-flex accounting department. This department not only processes the data for invoicing to Ronnefeldt, but also takes care of debtor management and consumer debt recovery, where necessary, on behalf of the customer.

The new activity means added volume in the areas of warehousing and fulfilment, trans-o-flex said. Ronnefeldt benefits from the partnership by not having to take care of the logistics or accounting for the small-volume private orders.

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Mumtaz Post ensures swift delivery of documents and parcels to over 100 countries

Posted by | Jul 22, 2008 | |

Emirates Post’s Express Mail Service (EMS) or Mumtaz Post, which offers swift delivery of documents and parcels to over 100 countries through the global postal network, has been enhanced with value additions, including free insurance, money-back guarantee and tracking facility.

Emirates Post has launched a campaign to promote Mumtaz Post as an efficient and cost-effective service that gives customers total peace of mind and unmatched benefits.

The maximum weight and size vary from country to country. In most countries a maximum weight limit of 30 kgs (per item) applies. However, some countries allow higher or lower limits, and a detailed list is available at post offices. In general, the sum of the length and the greatest circumference must not exceed 3 metres.

Rates vary depending on the weight and destination of the postal item. Uniform charges apply within any emirate and between emirates. Post-dated payment facilities and monthly discounts are granted to contracted bodies.

All items accepted by Mumtaz Post are insured (free of charge) against delay, loss and damage.

In the case of loss or damage, the consignor will be paid up to a maximum of Dhs15,000 per item.

Compensation of up to (and not exceeding) Dhs20,000 per item may be paid for additional expenses, loss of market, reproduction costs and similar losses occurring as a result of delay, loss or damage.

The money back guarantee is not applicable if the item is returned by the customs from the destination country, if it is confiscated by the customs, if the address is wrong, if the delay is from the side of the destination country or if the item is detained by the destination country.

Each item under Mumtaz Post bears a bar code which enables the sender to track it by SMS or through the Emirates Post website .

Items under Mumtaz Post can be deposited at any post office in the UAE at normal postal hours.

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