Tag: International

DHL, PosLaju to jointly offer express service (Malaysia)

Posted by | Sep 18, 2008 | |

Express couriers DHL and PosLaju have jointly launched Pospriority Express, a premium international express delivery service.

The service, jointly developed and marketed by DHL and PosLaju, is aimed at customers from the retail sector as well as small and medium enterprises.

The company expects the new service to boost its international shipments by 20 pct from the initial five participating PosLaju outlets.

DHL Express (Malaysia and Brunei) Country Manager Sam Leong said the collaboration was a significant milestone.

Under the agreement signed yesterday, DHL will provide customer service and after-sales support as well as 24-hour tracking services.

The Pospriority Express service will initially be available at five selected PosLaju outlets located at Kompleks Dayabumi, Brickfields, Klang, Penang and Johor Bahru.

By the second quarter of next year, it will be rolled out nationwide.

Pospriority Express offers five kg, 10kg and 25kg box options.

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FedEx Express to increase shipping rates in 2009

Posted by | Sep 18, 2008 | |

FedEx Corp. will increase shipping rates for FedEx Express by an average of 6.9 percent for U.S. and U.S. export services, effective January 5, 2009. The rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points.
Rates and surcharges for FedEx Ground also will increase for 2009. These changes will be announced later this year.
Additional changes will be made to other FedEx Express surcharges effective Jan. 5, 2009.

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FedEx hub project gets federal money (U.S)

Posted by | Sep 18, 2008 | |

The FedEx Corp. cargo-hub project at Piedmont Triad International Airport will get more than USD 5 million in federal financing for construction work, the office of U.S. Rep. Howard Coble said.
Coble said that the Federal Transit Administration will provide the airport with nearly USD 4.5 million for the extension of Taxiway D that serves regular air traffic. The money will be used for Phase One of the construction project.
The Federal Aviation Administration will provide the airport with USD 1.1 million for costs directly associated with construction of the cargo hub. The money will be used to build the new runway and associated taxiways, and to buy land.

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FedEx Corp. reports first quarter earnings

Posted by | Sep 18, 2008 | |

FedEx Corp. reported earnings of USD 1.23 per diluted share for the first quarter ended August 31, compared to USD 1.58 per diluted share a year ago.
FedEx Corp. reported the following consolidated results for the first quarter:
• Revenue of USD 9.97 billion, up 8pct from USD 9.20 billion a year ago
• Operating income of USD 630 million, down 23pct from USD 814 million last year
• Operating margin of 6.3pct , down from 8.8pct the previous year
• Net income of USD 384 million, down 22pct from last year’s USD 494 million
Total combined average daily package volume in the FedEx Express and FedEx Ground segments grew 1pct year over year for the quarter. Growth in ground, FedEx SmartPost and international domestic express shipments was substantially offset by a continued decline in U.S. domestic express shipments.
Operating results declined, as strong cost management actions were more than offset by global economic weakness, higher fuel prices and the related negative effects of higher fuel surcharges. One fewer operating day at each of the transportation segments also negatively affected results. While fuel prices decreased from historic highs late in the quarter, the average price of jet fuel was up 77pct year over year.

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DHL Qatar unveils 24-hour service to India

Posted by | Sep 18, 2008 | |

DHL Express recently launched the “India Next Day” service, the first of its kind in Qatar, delivering shipments, to and from, three destinations in India within 24 hours.
“India Next Day” is a service offering in Qatar, utilising the diversified product portfolio of DHL to deliver packages to Mumbai, New Delhi and Chennai. The improved services cut lead times and shipment efficiency for individual and corporate clients requiring urgent express delivery.
According to the Federation of the Indian Export Organisations, there are five million Indians living and working in the GCC. In Qatar alone, Indians account for more than 18 per cent of the total population of the country. India’s total trade with GCC countries has witnessed a fourfold increase in the last five years.

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