Tag: SCM/Logistics

UPS touts new Asia strategy

Posted by | Apr 1, 2003 | |

United Parcel Service Inc., fresh off a global rebranding effort, is unveiling a new approach to logistics in Asia. Dubbed “synchronized commerce,” the strategy treats three core aspects of the supply chain – movement of goods, information on the goods, and funding for those – as a single entity, said Ken Torok, president of UPS Asia Pacific. Saying “synchronized commerce is the next step in the evolution of trade,” Torok said the move is particularly relevant to Asia, where more than 90 percent of the economy comprises small- and medium-sized enterprises.

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Airbourne shareholders sitting pretty

Posted by | Mar 31, 2003 | |

If the DHL acquisition of Airborne’s ground operations clears regulatory and shareholder approval, the only thing left to form the new ABX Air Inc. company will be Airborne’s air line haul and perhaps some trucking operations that feed it.

Everything other than the air line haul would become part of DHL, according to a footnote in the press releasing announcing the acquisition. The footnote defines ground operations “as all non-airline related activities of the company.”

What is the airline worth? Some analysts say the airline is valued at about $1 to $3/share. That could change as more information about the new air business becomes available. Still, for Airborne shareholders this deal looks good. They get cash of $21.25/share for each Airborne share they hold, plus one share of ABX Air. Even if ABX Air eventually folds or is bought be another carrier, it’s at minimal risk to the current shareholders.

What’s the downside for Airborne shareholders? That would be if government regulators block the deal. Airborne stock was trading at $14 share before announcement of acquisition by DHL. The stock is now at $19.60. If regulators block the acquisition, that’s your downside, analysts say.

Do not quote without clearance from BMR – covered by strict copyright.

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UK Lynx logistics set to surpass the parcels

Posted by | Mar 31, 2003 | |

The Solutions division set up by Lynx Express last year will be bigger than the company’s overnight parcels business in three to five years, according to chief executive David Burtenshaw. The UK parcels market was likely to grow at a sluggish 5% by volume this year, Burtenshaw said. Lynx won more than £12m (€17.6m) of express parcels business in what had been “a turbulent year for some of our competitors”.

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High hurdles for DP-Airborne deal

Posted by | Mar 28, 2003 | |

Deutsche Post World Wide AG must negotiate a tricky political and regulatory environment if it hopes to secure approval for its proposed $1.05 billion acquisition of Airborne Inc. The deal raises a host of political issues, including state-sponsored monopolies, national security and free trade. The German government owns a majority stake in Deutsche Post, which has led to charges that the postal giant is using monopoly profits from German mail delivery to subsidize U.S. operations. Also in question: whether Deutsche Post and its U.S. unit, DHL Worldwide Express, can structure the deal to avoid a U.S. ban on foreigners controlling domestic airlines, including cargo carriers.

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Bibby wins contract with London Pottery

Posted by | Mar 27, 2003 | |

Bibby Distribution has announced 2 new contract wins for its Route One business. London Pottery has contracted the firm to transport ceramic and stainless steel products from its site in Wimbledon, south London to retailers including Harrods and the John Lewis group.

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