Tag: TNT

Intense changes in the Chinese express delivery market

Posted by | May 9, 2007 | |

China’s express delivery market is facing a time of unprecedented change. Four major foreign players, China Post, private local firms and State-owned companies are all busy adjusting their strategies, and the government is poised to revise business policies.

After UPS broke from its local partner – Sinotrans, Fedex spent $400 million to acquire the remaining stake of its joint venture with the Chinese firm DTW Group. It also bought all of DTW’s assets in the domestic and international express delivery markets.

And while foreign giants are expanding in China, the State-owned giant, China Post, is attempting to gain the upper hand with a possiblly favorable postal law, sparking cries of foul play from foreign and local private firms.
Fedex’s buyout of its local partner signifies the acceleration of foreign express delivery firms’ expansion in China.

DTW’s domestic express delivery business suffered losses of 60 million yuan in its first 11 months in 2004, but Fedex still spent USD 400 million for DTW, which highlights Fedex’s desire for DTW’s network.

Industry sources say Fedex is trying to catch up with its competitors. DHL announced its entry into the domestic express delivery market in 2004, TNT has already begun domestic parcel delivery and UPS has the rights to international express delivery business in tier-one cities.

The joint venture agreement with DTW was originally expected to expire in 2009, but Fedex bought out the Chinese firm because it wanted immediate exposure to the domestic market.

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TNT stamp price regulation workable

Posted by | May 9, 2007 | |

A proposal before the Dutch parliament to regulate mail company TNT’s stamp prices as part of market liberalisation is workable, the Dutch post and telecoms regulator OPTA said on Wednesday.

Analysts have said the proposal by the Christian Democrats and the Labour party, both part of the ruling Dutch coalition, could knock up to 10 percent off TNT’s valuation.

The proposal would set stamp prices for part of TNT’s mail business based on costs and a “reasonable return” initially, followed by increases in line with inflation in the following years.

The proposed amendment to the country’s new postal law would affect the “universal service”, which includes delivery of letters and parcels and represents a significant portion of TNT’s mail revenue.

A TNT spokesman said amendments to the law could still be changed and that the company would react only to the final proposals.

The economy ministry is working on its reponse to the various amendments and will send a letter to parliament soon, probably next week, a spokesman said.

Last month, the Dutch parliament again delayed a vote on the postal law, which is meant to end TNT’s remaining monopoly, as the economy ministry requested more time to study amendments.

TNT still has a monopoly on letters weighing up to 50 grams, representing about half of the 2 billion euro Dutch mail market. The government wants to open the market from January 2008.

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Doors open on 100 new jobs and GBP 7m TNT investment in the UK

Posted by | May 9, 2007 | |

TNT UK has invested GBP 7 million and created more than 100 new jobs in the Leyland and Preston area as part of its drive to consolidate its market-leading position.

The 10-acre site at Aston Way, Moss Side Park, is the latest addition to TNT’s nationwide network of more than 60 depots. Handling tens of thousands of business parcels and packages every week, the depot provides a critical strategic link for businesses throughout the North-West and up into Scotland.

Employing a total of 145 staff, the depot is the largest TNT depot in the UK and with 67-loading bays.

The depot, which became fully operational last autumn, is at the leading edge of innovation for TNT. New high-tech scanning devises for warehouse staff, ‘in-cab’ mobile worker units for drivers and the latest sortation machine technology were all trialled at Preston before being rolled out to other TNT depots around the UK.

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TNT announce higher revenues and higher operating income in 2007

Posted by | May 3, 2007 | |

The year started with a 9.1% increase in revenues and a 7.3% increase in operating income, with both divisions contributing positively to the revenue and operating income growth.
Express continued on the path of double-digit (+12.3%) revenue growth, with an operating margin of 8.0%, close to last year’s level of 8.3%, despite the effect of the recently acquired businesses. Excluding this effect, the margin would have increased to 8.6%.
Express revenue growth was 8.0% in Europe and 32.5% (37.6% at constant rates of exchange) in the Rest of World. The latter included a large (+25.9%) acquisition effect. Mercúrio in Brazil was acquired at the start of the quarter and the acquisition of Hoau in China was completed in March. Together these two businesses add over euro 300 million of annualised revenues to the group.
In Mail Netherlands, addressed mail volumes declined by 4.3%. A euro 14 million one-off gain on sale of real estate, positive price/mix effects and closely controlled costs helped the overall result. In EMN, organic revenue growth exceeded 25%, with continued growth in the UK and German addressed mail businesses. This was augmented by acquisition effects (+14.7%), particularly in the German regional service and mail consolidation.

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TNT Express launches new morning delivery in France

Posted by | May 2, 2007 | |

After completing a study of customers’ needs, TNT Express has launched a fourth morning delivery service in France.

The fourth morning delivery service for parcels and documents is scheduled before 10.00.

Alongside this the company also delivers urgent next-day packages before 08.00 and 09.00, as well as before 13.00, but recent studies showed that a following-day service before 10.00 for parcels up to 30kg would be beneficial for professionals daily operations.

This new inititaive will commence at the beginning of June. “It will offer professionals more flexibility with an optimal market coverage across the country,” TNT Express France said in a release.

“This offer is supported by the strength of TNT Express’ infrastructure in France,” the company added, “and the power of its road and air networks.”

TNT Express France last month opened a new 10,000 sqm parcel and document sorting centre and regional HQ north of Paris, which can handle 26,000 packages a day, and now has some 120 sites in France.

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