Tag: International

DHL considers U.S. future

Posted by | Jan 16, 2008 | |

Deutsche Post will likely unveil plans for its problem-plagued DHL business in the United States on March 6, say analysts.

When the German parent company releases its earnings report, losses are expected for the express unit which lags behind UPS and FedEx in the U.S. market.

In December, Bear Stearns called for the German parent company to “back away from U.S. domestic express.” In last month’s report, Bear Stearns analyst Andrew Beh called on Deutsche Post management to “reconsider its strategy to become a global express operation offering international and domestic service in all major markets under an integrated brand and service umbrella.”

This month another investment analyst, Morgan Stanley, also made a rare direct call for a DHL pull out, saying Deutsche Post needed to make the move in order to make its own financial projections.

Deutsche Post and DHL say they remain committed to their U.S. operations.

“The U.S. is an important market in our commitment to offer a truly global service network,” DHL said in a statement. “As the world’s leading Express and Logistics company, the U.S. is strategically important to the Group both as a stand-alone market and as a high-performance extension of our global service platform.”

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DHL Ireland profits plunged 200pc in 2006

Posted by | Jan 16, 2008 | |

The Irish wing of distribution giant DHL endured a profit fall of more than 200pc in 2006, despite a marginal increase in turnover to EUR 163m.
Figures just filed with the Companies Office show the earnings plunge was largely linked to exceptional costs, including EUR 1.354m for redundancy and relocation costs.
Those costs were linked to DHL’s 2007 move to a new distribution centre in north Dublin.
One of Ireland’s largest private distributors, DHL employed 795 people at the end of 2006, down from 843 the previous year.
The company achieved sales of EUR 163m for the year, up from 2005’s result of EUR 157m. Operating profit, however, tumbled from EUR 5.417m in 2005 to EUR 2.885m in 2006, on foot of higher costs.
A higher interest and tax bill put further pressure on the company’s bottom line, which ultimately delivered profits of EUR 1.16m for the year, down from EUR 4.468m the previous year.
The company’s directors noted the year’s performance was “in line with expectations and in line with overall performance of the Irish market”.
The accounts also detail a EUR 20.2m loan which was advanced to DHL in 2006 by ultimate parent company Deutsche Post AG, and a EUR 559,000 pension refund which will be treated in the 2007 filings.
During the year, the company’s four directors saw their own remuneration drop by more than 18pc to EUR 346,000, while average staff costs rose by about EUR 1,500 to EUR 47,500.
DHL Ireland closed the year with equity shareholders funds of EUR 12.1m, up from EUR 10.3m in 2005, and retained profits of more than EUR 10m.

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TNT extends fleet after one year of Mercurio’s acquisition

Posted by | Jan 14, 2008 | |

The Expresso Mercúrio, acquired one year ago by Dutch group TNT Express, intends to buy more 100 trucks this year to attempt the projected growth of the demand for the road load transport because of the good moment of the Brazilian economy. ‘In 2008 the market goes to grow above two digits. It goes to be a better or at least equal as 2007’, believes the president of the TNT/Mercúrio, Robert Rodrigues, who esteem that the market of express deliveries has grown about 15 pct in 2007.
In 2007 97 trucks and 88 pick up/ delivery vans had been bought and, with the acquisition of this year, Mercúrio will have 1,5 a thousand proper vehicles, approximately, between trucks and vans. The company still uses about two thousand third-party vehicles, depending on the time of the year.
Last year Mercúrio also constructed a new hub in Joinville (SC) and this year intends to raise new ones in Rio de Janeiro, Fortaleza and Recife. Rodrigues, however, prefers not to disclose the value of the investment to be made in 2008. ‘But will be at least higher than 5 pct of our liquid invoicing ‘, inform.
According to Rodrigues, last first year Mercurio had as goal the improvement of the management, nomination of the new direction and adjusting the management stile to TNT’s one, as sending systematic reports to the Head Office. From now on, as Rodrigues affirms, all the attention is focused to the business. ‘We will increase the performance to speed up the growth’, says.

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Kraft Foods expands business with DHL as its primary US express carrier

Posted by | Jan 14, 2008 | |

DHL announced that Kraft Foods has renewed and expanded its contract with DHL as its primary US express carrier. DHL will provide US express shipping services for Kraft Foods.

With annual revenues of more than USD 34 billion, Kraft Foods markets a broad portfolio of brands such as Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Nabisco cookies and crackers; Jacobs coffees and Milka chocolates.

DHL will provide express services for Kraft’s letters and small package shipments, including pickup and delivery of food product samples, point-of-sale advertising, inter-office documents and payroll, and product-sampling items – for Kraft vendors, plants, distribution centers, and its corporate offices.

DHL has also been chosen by Kraft Foods as a provider for US ground delivery and international express services.

“Kraft has been a valued partner for nearly 20 years,” said Charles Brewer, Executive Vice President of Sales, for DHL. “We are seeing many of the largest multi-national companies enhance their operations by leveraging DHL’s flexibility, customer-focused commitment, and ongoing US network enhancements.”

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Confidential details fall off the back of lorries

Posted by | Jan 14, 2008 | |

A box containing the banking details of 200 rich investors was found by the side of the road after apparently falling off the back of a courier’s van.

The container, which included cheques and other sensitive papers, was supposed to be safely carried between a Prudential building in Reading to a secure storage facility in Essex by a DHL courier. Instead, it wound up close to a motorway slip road.

Financial details of 200 wealthy investors, including three national lottery winners, were exposed as a result. Luckily, the box was discovered by a vehicle recovery driver on a roundabout close to the slip road for Junction 11 of the M4 near Reading in Berkshire. The documents have since been returned to Prudential.

Preliminary results from an investigation into the incident suggests that the box fell out of a van door that the DHL driver had failed to properly close. Prudential has suspended the use of DHL as a courier until the investigation is over, This is London reports.

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