Tag: UPS

DHL Executives debate next phase of US market strategy

Posted by | Aug 1, 2005 | |

With their expansion into the U.S. market on track and nearly complete, DHL executives face a fresh debate: How much profit can they realistically expect in the U.S. as they compete with larger, more-recognizable rivals?

That’s the next phase of attack of the U.S. market, said DHL Chief Executive John Mullen in an interview Friday with Dow Jones.

“We will enter 2006 with a fully integrated business. That’s a huge plus, because you’re not looking inward anymore,” Mullen said. But he added: “Integration doesn’t yet bring profitability.”

The company, which began its challenge to entrenched U.S. delivery companies United Parcel Service Inc. (UPS) and FedEx Corp. (FDX) in 2003 by buying Airborne Inc., is on track to break even in the U.S. in the fourth quarter of next year. But while DHL is a large and well-known express delivery company around the globe, it’s smaller in the U.S. than its main rivals.

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UPS to sponsor 2008 Olympic Games in Beijing

Posted by | Jul 27, 2005 | |

To support its rapidly growing presence in China, UPS announced today that it has been selected as the Official Logistics and Express Delivery Sponsor of the Beijing 2008 Olympic Games. The agreement was signed today in Beijing in a ceremony hosted by The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG). Under the agreement, UPS will provide logistics consultation and management to BOCOG, and assist BOCOG to develop and execute the logistics operating plan for the Beijing 2008 Olympic Games. UPS also will provide express delivery services to venues during the Games.

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UPS forging stronger links in the UK

Posted by | Jul 26, 2005 | |

Express giant UPS has signed an agreement to acquire UK parcel carrier Lynx Express. This move should not only help strengthen the US company’s capabilities in one of the most dynamic and fragmented parcel markets in Europe, but could signal a move towards further consolidation within the UK market.

UPS disclosed that it would acquire Lynx Express for USD96.5 million and expects to complete the transaction in the second half of 2005. UPS CEO Mike Eskew implied in an interview that the Lynx Express brand may be folded into UPS. This would not be surprising as UPS’s business model is based on rolling out a standard proposition in every country it has a presence in, albeit with some regional differences, giving its operations a strong and globally recognized brand.

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UPS eyes a UK-based acquisition

Posted by | Jul 25, 2005 | |

United Parcel Service is poised to make an acquisition in the UK, strengthening the US company’s position in one of Europe’s most fragmented package delivery markets. People familiar with UPS said the medium-sized deal could be announced as early as today, although they would not identify the British company involved. UPS declined to comment. The planned acquisition is believed to be in the package delivery sector, ruling out Exel, the large UK logistics group that has been linked with a takeover by UPS this year. The most likely candidates are all privately-owned companies, including ANC and Lynx Express.

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UPS to acquire UK Lynx Express Ltd

Posted by | Jul 25, 2005 | |

In a move that will further strengthen its package delivery capabilities in the United Kingdom, UPS today announced an agreement to acquire LYNX Express Ltd., for USD96.5 million (GBP55.5 million) in cash. LYNX Express, one of the UK’s largest independent parcel carriers, is majority owned by the private equity firm Bridgepoint Capital (Nominees) Ltd. UPS expects to complete the transaction in the second half of 2005, subject to customary closing conditions. LYNX’s customers include some of the most recognised international brands across a broad range of industries, with company sales of USD295 million (GBP170 million) for the fiscal year ended Oct. 2, 2004.

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