Tag: International

Aramex increases Q1 revenues by 24pct

Posted by | Apr 23, 2008 | |

Aramex has announced a first-quarter revenue rise of 24pct to AED 494.4 million (EUR 84.1 million), from AED 399.6 million (EUR 67.9 million) for the same period last year, highlighting the company’s strong financial performance.

Net profits for 2008’s first quarter rose by 21pct to AED 36.2 million (EUR 6.2 million), from AED 29.9 million (EUR 4.9 million) posted in 2007.

Despite challenges in the market, Aramex said it continues to reap the benefits of a successful expansion strategy that has helped boost productivity and sales across key product and service lines, as reflected in the company’s healthy margins. Along with strong profitability for its freight and express product, the company has been pleased with the impressive growth of its logistics and records management services, which have witnessed 39pct and 57pct growth, respectively.

Across Aramex’s core Middle East market, performance in the Levant has improved notably, while rapid growth in the Kingdom of Saudi Arabia and excellent results in the UAE have made an unequivocal impact on the company’s profitability, the company said.

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UPS releases first quarter results

Posted by | Apr 23, 2008 | |

UPS reported increased revenue in all segments with double-digit gains in both international package and supply chain and freight operations. A sharp decline in U.S. economic activity, however, led to a 9.4pct drop in diluted earnings per share to USD 0.87 compared to a prior-year adjusted USD 0.96.

In 2007, first quarter adjusted earnings per share excluded an impairment charge related to aging jet aircraft and expenses for a voluntary separation program. Including these charges, diluted earnings per share for the first quarter of 2008 increased 11.5pct over the USD 0.78 per share reported in the prior year.

For the three months ended March 31, 2008, consolidated revenue increased 6.5pct to USD 12.7 billion while consolidated average daily volume remained flat at 15.1 million packages per day. Consolidated average revenue per piece increased 5.4pct.

“U.S. economic activity deteriorated more rapidly than expected during the quarter,” said Scott Davis, UPS chairman and CEO. “While we will be extremely vigilant with respect to costs in this difficult environment, we will not lose our focus on growing the business. We will continue to invest in the infrastructure, new products and services that will enable our customers to succeed in the global marketplace.

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TNT Post makes promotions after regional growth

Posted by | Apr 22, 2008 | |

TNT Post has appointed Charles Neilson as Divisional Managing Director of its regional business and promoted Mark Davies to Neilson’s former role of Managing Director of TNT Post Doordrop Media.
In his new role, Neilson will be responsible for growing the number of business customers in the regions. He has worked at TNT for 14 years and is particularly experienced in strategic planning and technology.
According to TNT, its regional business has experienced impressive growth in the last 12 months: to date, TNT serves more than 1,000 SME customers and last year grew its volumes by more than 100m items.
Neilson said: “The development of the regional businesses is a tremendous success story for TNT Post and offers further expansion opportunity, particularly in the end-to-end market.
“By growing this part of the business, more and more local businesses and SMEs will be able to benefit from high quality, innovative and cost effective services for the first time ever.”
Davies will take over Neilson’s responsibilities for growing TNT’s Doordrop division, which was formerly known as Circular Distributors, in a promotion from his role as the division’s new Business Director.

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FedEx adds more solar-powered operations to facilities in California

Posted by | Apr 22, 2008 | |

FedEx Corp. announced that its operating company FedEx Freight has completed the installation of a solar-electric system in Whittier, Calif., and is nearing completion on a similar solar-powered facility in Fontana, Calif. Both systems will provide a substantial portion of the facilities’ peak energy needs.

The 282 kilowatt (kW) solar power system in Whittier has the capacity to produce over 414,000 kilowatt hours (kWh) of electricity each year, providing almost 40 percent of the facility’s annual energy needs and significantly reducing the service center’s dependence on the electric grid. The Whittier terminal employs about 500 workers and serves the East Los Angeles area.

In 2005, FedEx Express activated a 904 kW system at its Oakland, Calif., hub facility that meets up to 80 percent of that facility’s peak energy demand and produces power equivalent to that used by more than 900 homes during the daytime. At the time, the Oakland project was California’s largest corporate solar-power roof-top installation.

To complete the Whittier system, 1,445 solar panels were installed on 22,000 square feet of the facility’s roof space. BP Solar, part of the global energy major BP, manufactured the panels and served as the project developer.

FedEx and BP work together strategically to identify, develop and implement a range of solutions to increase FedEx’s security of energy supply while improving its environmental performance.

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DHL, UPS target Latin America growth

Posted by | Apr 22, 2008 | |

DHL Express and UPS plan to invest more in Latin America this year to grow their business in the region and partly compensate for the impact of the slowing US economy.

Roger Crook, CEO DHL Express International Americas, told Chilean newspaper El Mercurio that the company planned to invest about USD 70 million in Latin America during 2008 and aimed to grow about 12 pct. Plans include two new offices in Chile but he did not disclose further details of the investment.

A significant proportion is likely to go to Mexico, however, in view of DHL’s plan to spend USD 112 million there over the next five years. Crook said early last year that DHL would invest USD 80 million in the region and was aiming for 15-20 pct growth in 2007.

Meanwhile, UPS, which during 2006-07 invested USD 7 million on 15 new operation centres to extend its Mexican network to 35 locations, is opening a further eight centres in the country this year, according to Mexican newspaper El Financiero.

Rubén Medina, UPS international sales manager, told the newspaper that despite the US economic slowdown, the operator’s Mexican exports grew by 5 pctin the final quarter of 2007. UPS will also aim to win more business among manufacturing companies along the Mexican border and SMEs this year, he added.

Mexico is the largest market in Latin America for UPS which has five daily flights from Mexico City to five different US airports. UPS has invested USD 39 million in Mexico since launching operations there in 1989, the newspaper said.

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