DPD Lithuania has announced that its sales increased by 33 pct to LTL 52.3 million (EUR 15.15 million) in 2007. This year the company expects a higher sales increase of 35 pct.
DPD Lithuania managing director Vytautas Kudzys said that the company plans to open a new terminal, invest in new technologies that will accelerate working processes and implement solutions for reducing ecological problems.
Read MoreDHL Exel Supply Chain has entered into a three-year contract with an option for a two-year extension to support retail group Robinson & Co with total warehousing and distribution services in Malaysia.
“Entrusting our supply chain management to DHL’s capable hands will allow us to focus on core competencies as we forge ahead with our efforts to leverage on our strengths to expand our presence in Malaysia,” said Robinson’s general manager for finance and administration, Shia Yew Peck, in a statement release via DHL yesterday.
DHL will provide logistics and supply chain solutions to all retail entities managed by Robinson in the country. These include the first Robinson store at The Gardens, Mid Valley, two Coast as well as two Trucco standalone stores at the Pavilion and Bangsar Village, four Marks & Spencer outlets at Suria KLCC, One Utama, The Gardens, Mid Valley City and Sunway Pyramid, and two Fat Face stores at The Gardens, Mid Valley and Bangsar.
The supply chain solutions include inbound management, picking, sorting, tagging, packing, distribution and professional inventory management.
Read MoreThe U.S. Postal Service has asked the Postal Regulatory Commission to allow mailers to place repositionable [sticky] notes on their market-dominant mailing packages on a permanent basis.
Specifically, the USPS is seeking to make permanent several experimental classifications of standard and first class letters and flats as well as periodicals on which sticky notes are attached, according to PRC documents.
Nearly six years ago, the USPS began testing a program that letmailers enhance their mail pieces with specially designed Post-It notes.
The service, offered in conjunction with Post-It manufacturer 3M Co., allows mailers to attach a Post-In note on the left side of the front of a conventional size business envelope, or a large-size postcard being sent by first-class mail or standard mail. The piece was required to be compatible with USPS automated sorting equipment and presorted by ZIP+4 (Direct Newsline, April 3, 2002).
In the intervening time, the USPS extended this test to periodicals.
Last Spring the USPS Board of Governors voted to extend the deadline of this test until April 3, 2008.At that time, the PRC had recommended a one-year extension of this test, which calls for a provisional classification and a one-half-cent charge for placing notes on first class letters and a 1.5-cent charge for placing them on standard mail and periodicals.
Read MoreTNT NV has confirmed a statement from trade union Abvakabo FNV that it has suspended talks with Dutch trade unions over a new collective labour agreement (CAO).
TNT spokesman Pieter Schaffels said talks have been suspended for a couple of days and the matter is now being discussed at a board of management level.
Abvakabo spokeswoman Toos Bierhoff said unions are demanding a 3.5 pct wage rise and a new CAO from April 1, while TNT is requesting a wage freeze.
The Dutch postal company has been in talks with the unions for several months to reach an agreement on its cost-cutting programme, which targets 370 mln eur in annual savings by 2015, to be achieved partly via the 6,500-7,000 job cuts.
However, if an agreement cannot be reached with unions over savings on wages, overtime pay, pension costs and other issues, TNT said it may be forced to lay-off up to 11,000 workers to meet its targeted savings.
‘If we can agree on a wage freeze for 2.5 years and can talk about a lowering of labour conditions such as benefits, we can then keep the number of job losses restricted to 6,500-7,000,’ TNT’s Schaffels said.
He said the suspension in talks with unions is therefore ‘disappointing’.
In November, TNT and the unions extended the CAO until April 1 to allow more time to reach an agreement in the proposed savings.
Abvakabo’s Bierhoff declined to speculate about industrial action now that talks with TNT have been suspended.
Read MoreOn Jan. 30, 2008, UPS reported an 8pct increase in adjusted diluted earnings per share to USD 4.17 for the full year of 2007. Following the release of this information, in completing the company’s financial statements for 2007, UPS identified a state income tax benefit of USD 65 million that was incorrectly recorded in the fourth quarter.
The tax benefit was related to UPS’s withdrawal from the Central States multi-employer pension plan. This error was discovered by the company during its regular internal review process prior to the filing of its Form 10-K for 2007. Correcting this error has reduced adjusted diluted earnings per share to USD 4.11 for the full year, a 6.5pct increase over the prior year.
The correction has no impact on revenue, operating profit (loss), income (loss) before taxes or segment results for the fourth quarter or the full year of 2007, nor does it impact cash flow or liquidity.
For the 4th quarter, UPS originally reported adjusted diluted earnings per share of USD 1.13. The revised adjusted diluted earnings per share are USD 1.07.
On an unadjusted basis, UPS previously reported a loss per diluted share of USD 2.46 for the quarter and a diluted profit per share of USD 0.42 for the full year. Those figures now are a loss of USD 2.52 per share and a profit of USD 0.36, respectively.
UPS’s previous estimates for 2008 earnings per share remain unchanged at USD 0.94-to-USD 0.98 for the first quarter and USD 4.30-to-USD 4.50 for the full year, as does the company’s estimated effective tax rate for 2008 of approximately 36pct .
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