Tag: International

UPS and Staples open co-branded store in China

Posted by | Jul 21, 2008 | |

UPS and Staples have opened another co-branded store in Shanghai expanding their strategic partnership in China, according to the business information provider SinoCast.

Following the opening of the two “Staples UPS Express” locations in Beijing in 2007, the additional location has been opened in the business centre Xintiandi in the Luwan District, Shanghai. The new store has an operational area of 330 sqm, engaged in providing easier and more convenient services for office supply and files buyers as well as UPS’ parcel and international transportation services.

The UPS and Staples co-branded store format combines a broad range of core offices supplies and document processing services from Staples with packaging and international shipping services for business customers and consumers from UPS.

China has become the most important international market of UPS and is creating huge demands for the company. UPS already opened its first two UPS Express retail centres in Shanghai in August 2006 as part of its planned wider expansion of UPS-branded retail outlets in the Asia-Pacific region.

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Earnings Preview: Economy weighs on UPS profits

Posted by | Jul 21, 2008 | |

Slowing U.S. economic growth and high fuel costs are expected to put a damper on United Parcel Service’s results for the April-June quarter. The Atlanta-based company lowered its earnings expectations for the quarter on June 23.

UPS predicted earnings per share for the second quarter, which ended June 30, would be within a range of 83 cents to 88 cents, compared with the 97 cents to USD 1.04 the company originally anticipated.

UPS is able to pass higher fuel costs on to customers in the form of a fuel surcharge on shipments. However, the surcharge increases have not kept pace with rapidly rising fuel prices. Meanwhile, UPS’ business has suffered amid the economic downturn in the U.S. The result has been lower-than-expected domestic package volume and customers making less use of premium air products.

UPS last month did not say what impact its lower expectations for the second quarter might have on its full-year results. But analysts have lowered their projections for UPS’ full-year results.

Wachovia Capital Markets analyst Justin Yagerman said in a research note last week that the U.S. economy will continue to be shaky for the rest of 2008, which will likely affect UPS’ results.

He also said that UPS’ international results going forward could be affected by slowing economic growth in Europe. Long-term, however, he said he remains bullish about UPS’ overall business prospects.

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FedEx chief says U.S. is not in a recession

Posted by | Jul 21, 2008 | |

FedEx Corp. Chief Executive Officer Fred Smith said the U.S. economy isn’t in a recession and that oil prices will “drift down for a while.”

FedEx said in June the coming year would be “very difficult” because of near-record fuel prices and a cooling domestic economy. U.S. shipping volume fell 3.4 percent for the three months ended May 31, as fuel surcharges for express service reached 28 percent.

Oil will likely fall in the second half, Smith said, declining to predict a price. “Whether it stays at USD 140 or goes down to USD 110 is anyone’s guess,” he said. “Barring some global event, I think oil prices will drift down for a while.”

Crude jumped more than 70 percent in the past year, closing at a record USD 145.29 a barrel on July 3. The price has dropped 10 percent since then, to USD 130.10 this morning on the New York Mercantile Exchange.

While some shippers are still trading down to cheaper shipping options such as two-day or ground delivery, the “vast majority” of those switches have occurred already, Smith said. Intercontinental express shipments are growing at a “good rate,” he said, without giving specific figures.

Smith wouldn’t comment on his interest in any acquisitions. The Financial Times reported on July 12 that FedEx is in preliminary discussions to buy TNT NV, Europe’s second-biggest express-delivery company.

There have been “lots of rumors swirling about TNT for years,” Smith said. “We don’t comment on corporate development activities.”

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DHL Spain records strong revenue growth and opens new depot in Madrid

Posted by | Jul 18, 2008 | |

DHL Spain has recorded strong year-on-year revenue growth of 7.7% in 2007 and opened a new depot for pharmaceutical products near Barajas International Airport in Madrid to expand its presence in the country.

DHL Global Forwarding, the DHL unit combining air, ocean, ground transportation and customs brokerage services with dedicated warehousing and distribution centres, generated strong sales revenues of EUR 123.6 million in Spain in 2007 with an increase of 7.7 pct compared to EUR 114.7 million in 2006.

In addition, the company is further expanding its operations at the air cargo hub at the Barajas airport in Madrid where it already has a depot, with the new “Life Sciences Competence Centre”. The 500 sqm facility was designed for the logistics of pharmaceutical and biotechnological products including a temperature-controlled chamber (2º-8ºC) for 72 palettes and another chamber for 190 palettes.

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GLS invests in new premises in Germany

Posted by | Jul 18, 2008 | |

GLS Germany has signed a purchase contract for a 5,000 sqm facility located in Vaihingen-Enz, southeast Germany, and plans to start construction of the new depot at the end of this month.

The new GLS depot is planned to go into operation in April 2009, GLS said. The warehouse will have the capacity to handle about 55,000 parcels per day. In line with the company’s safety standards, it will be equipped with a state-of-the-art video surveillance system and high-performance alarm device. After signing the contract, GLS now plans the next step pushing the realisation of the new depot.

“We are happy about the easy completion of negotiations,” says Klaus Conrad, managing director GLS Germany. “The cooperation with the town Vaihingen has been quick and professional in every respect.”

For 2008/2009, GLS plans to invest EUR 94 million in infrastructure and services with priority on Germany, Poland, Netherlands and France. Along with the construction and upgrading of depots, the company wants to focus on rolling out industrial parcel production processes throughout the network as well as implementing new solutions for the “last mile” in B2C business.

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