Tag: International

Velocity Express Announces Fourth Quarter and Year End Results

Posted by | Oct 16, 2007 | |

Velocity Express Corporation announced operating results for its fourth quarter and fiscal year ended June 30, 2007.
Highlights:
• Positive adjusted EBITDA in quarter ended June 30, 2007
• Gross margin improved while average driver settlement increased through route engineering
• USD 18 million in annualized new revenue started in September quarter of fiscal 2008, more than offsetting USD 15 million in lost revenue from terminated unfavorable contracts assumed with the CD&L acquisition
• Three new franchise agreements signed in September quarter of fiscal 2008
Finally, Velocity has launched a new franchise strategy to expand its technology-driven service capability into additional areas that enhance and increase service coverage. To date, Velocity has signed franchisees in Fargo, ND; Columbus, OH; St. Louis, MO and Kansas City, MO and expects to sign two more cities before the end of October. The Company expects these first 6 franchisees to provide more than USD 5 million of service for Velocity customers on an annual basis, from which Velocity will record the franchise fee income. Furthermore, Velocity expects to expand its franchise program into three or four additional geographies each quarter, equivalent to USD 15-20 million annual value of service for Velocity customers by June 2008. Beyond the benefit to customers, franchising also allows Velocity to use capital more efficiently by eliminating the expenditures needed to open new markets while earning franchise fees that assure “day one” profitability comparable to a mature direct operation.

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Blue Dart profit Rs. 7.7 million up by 33.27 pct

Posted by | Oct 16, 2007 | |

Blue Dart Express Limited, South Asia’s express courier and package distribution company, today declared its financial results for the 3rd Quarter ended September 30, 2007 at its Board Meeting held in Mumbai.

Income from operations for the 3rd quarter 2007 was Rs. 20.7 million, an increase of 17.44 pct over the corresponding quarter of the previous year, and cumulative profit for nine months was Rs. 7.7 million and increase of 33.27 pct over the corresponding period of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, ” The results validate our customers’ trust in us and we continue to be the most reliable distribution service provider in the country. To further this trust, last quarter we expanded our business profile to fortify our unique capability to offer the entire spectrum of express distribution solutions. With the reinforcement of ‘Surfaceline’, we have now expanded our reach to over 17,500 locations across the country”.

Blue Dart, today, is firmly positioned as the unrivalled leader in the organised domestic air express space and has robust plans in place to sustain and augment its leadership position. Looking ahead Mr. Khanna said “We are adding 58 new warehouses which means 1 mn Sq ft of additional warehousing space, 596 new road-route connections, increase in workforce and enhancement of technology solutions. We also plan to strengthen our air infrastructure and would be adding a B757 in the last quarter. We stand committed to our role of a trade facilitator and would continue to enable growths for a greater India.”

1 USD = 39.7950 INR

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Marshall Islands: Changes Coming to Postal Service

Posted by | Oct 16, 2007 | |

Postal Service operations in the Republic of the Marshall Islands (RMI) are being restructured and new equipment purchased to upgrade capabilities, according to RMI Chief Secretary Casten Nemra. Yesterday’s meeting of the Marshall Islands Chamber of Commerce featured a presentation by Nemra, who is also Chairman of the Board for the new RMI Postal Authority.

In August, Nemra and the Majuro Postmaster, Danny Note, attended a postal meeting in Palau, where it was announced postal services in the FSM and RMI would return to US domestic rates. “I expect to see a USPS circular published very soon that you can review. We’ve been informed that the change back to US ‘domestic rates’ will occur as early as the end of this November or at the latest by January 1, 2008.”

Opening the meeting, Chamber President Jack Niedenthal said the announcement of concessions was a great victory for the Chamber. Many in the Marshall Islands’ business community had been actively lobbying for these changes for several years.

The Chamber, which has been hosting various government agencies and reps in monthly forums throughout 2007, invited Secretary Nemra and Postal Service Officials to update the Chamber.

Speaking of changes being made by the new Postal Authority, Nemra said they were in the process of hiring a full time accountant and several mail carriers, as well as providing training for current executives and clerical workers.

At present, there are 50 employees, three of which are in Ebeye, with the remainder serving in the Uliga and Delap locations on Majuro.

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DHL launches modern customer service centre in Poland

Posted by | Oct 15, 2007 | |

DHL EXPRESS (Poland) is building the country’s largest customer service center in Lódz, which will provide domestic parcel service. The value of the investment amounts to around EUR 5 million. The contact centre, with 150 employees, is an innovative solution providing complex customer services ranging from taking orders to allocating certain courier routes.

The DHL contact centre is a part of a new model of customer services recently acquired by the company, using innovative technological solutions. It is based on centralizing, integrating and automating the process of receiving orders, including within existing communication channels between the company and customers. Lódz contact centre will be the preferred and dominant contact channel, with more than 80 pct of the total orders submitted and realizing complex customer services in Poland.

‘The new contact centre lets us improve the process of servicing our customers, right up to efficiently centralizing and fully managing processes. Simplifying customer services at the Lódz customer service centre is unique amongst logistics companies in Poland,’ said Tomasz Buras, President of DHL Express (Poland)’s management board.

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DHL launches Student Express service

Posted by | Oct 15, 2007 | |

DHL has introduced DHL Student Express, an affordable international delivery service designed exclusively for students going abroad for education.

DHL Student Express assures students of speedy and reliable deliveries when sending documents and parcels such as time-sensitive school applications and personal belongings to their new schools and residences.

Additionally, they can benefit by savings of up to 70 pct on excess baggage for deliveries to popular education destinations like Australia and the UK.

DHL Student Express offers up to 15 pct off prevailing published rates when sending parcels via Jumbo or Jumbo Junior or Express Pallet, and up to 20% off on document shipment rates.

Other benefits include 24/7 customer service, free pick-up, free packaging materials, pro-active delivery notification, multiple shipment tracking options, and a destination network of more than 220 countries.

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