Tag: Worldwide

TNT projects fast growth in Brazil

Posted by | Mar 22, 2007 | |

After the acquisition of Brazilian express company Mercúrio in January 2007, TNT wants to accelerate its growth in Brazil. With 100 depots and around 6,000 employees, Mercúrio offers TNT a pole position for its South American growth strategy.

“TNT is aiming for double digit growth in Brazil as the domestic express market booms. TNT becomes the first express services company in this country to offer both domestic and international deliveries,” said TNT’s chief executive officer Peter Bakker in São Paulo.

TNT’s group managing director express, Marie Christine Lombard, added: “Orders from TNT’s global customers will boost Mercúrio’s activities in Brazil. Conversely, Mercúrio opens us the doors of another dynamic economy. The acquisition of Mercúrio fits into TNT’s strategy of becoming number one in emerging markets.”

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Royal Mails Postal union demands 27% pay rise

Posted by | Mar 21, 2007 | |

Royal Mail is facing union demands for a 27 per cent pay rise that the post group claims will cost an extra GBP 1 billion a year, The Times has learnt.

The Communication Workers Union (CWU) has asked for the minimum payment of its members to be brought into line with average basic pay in the UK. The main postal union is also demanding that its members work a 35-hour week, rather than the existing 40 hours.

The CWU says that postal workers, who earn a minimum of GBP 311 per week, should be able to benefit from investment and improvements expected in the business over the next few years.

In a letter to Royal Mail, Dave Ward, the CWU deputy general secretary, said: “Given the proposed scale of change within the company, we require a pay settlement that achieves UK average basic pay for OPGs [outdoor postal grades]. This was set at GBP 395 per week in 2006 and we are undertaking research to establish whether the figure has subsequently increased.”

The CWU says that the rise could be phased in, although Royal Mail said that the union had called for the increase to be immediate.

The postal organisation, which has a pension deficit of GBP 6.6 billion and recently reported a plunge in its profits, says that it cannot afford such a rise. A spokesman said: “This pay claim will cost us GBP 1 billion at a time when we are facing full competition and the cost of servicing our pension deficit is pushing our profits down 86 per cent.” The group maintains that it already pays better rates than its competitors.

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Lufthansa Cargo summer schedules: More frequencies and new destinations

Posted by | Mar 21, 2007 | |

Lufthansa Cargo is increasing its freighter frequencies to Dallas, Sao Paulo and Shanghai in the summer timetable. New destinations in the summer flight schedules are Lahore and a direct connection from Cologne through East Midlands (UK) to Wilmington (USA). Cargo customers will also benefit from changes bearing on airfreight in Lufthansa passenger services.

In the freighter timetable, Lufthansa Cargo is raising frequencies to Dallas from two to thrice weekly. Sao Paulo will be served by six flights weekly from Frankfurt. Frequencies to Shanghai will be increased from eight to nine weekly. Changes are also forthcoming in traffic days to Los Angeles. In the summer flight schedules, Los Angeles will be served twice weekly – on Wednesdays and Saturdays.

Lufthansa Cargo is, moreover, operating scheduled flights in summer to and from Lahore in Pakistan. These services will be laid on ex Frankfurt, on Tuesdays and Thursdays, in combination with Bangkok. New in the timetable is a direct connection from Cologne through East Midlands to Wilmington. This service will be operated within the framework of the existing intercontinental joint venture with DHL.

The summer timetable is valid from 25 March to 27 October 2007.

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EGL receives proposal from Apollo Management L.P.

Posted by | Mar 20, 2007 | |

EGL, Inc. announced that the Special Committee of its Board of Directors has received a written proposal, dated March 19, 2007 from Apollo Management L.P. expressing its interest in the acquisition of EGL, Inc. for USD 40.00 per share, subject to certain conditions, including expedited confirmatory due diligence. The Special Committee determined that, under EGL’s Merger Agreement with an affiliate of James R. Crane, Apollo’s proposal is an alternative proposal. Accordingly, the Special Committee has also informed the Crane Affiliate of the existence of the proposal, and has made arrangements so that Apollo may conduct its due diligence investigation with respect to its proposal.

The Special Committee cautions that there can be no assurance that Apollo or another third party will make a firm offer, or that the terms of any such offer received will be a superior proposal or will be consummated.

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UPS technology enhancements make global commerce easier

Posted by | Mar 19, 2007 | |

UPS announced it is making it easier for customers to conduct business around the world through enhancements to its WorldShip®, Quantum Viewsm and Billing Solutions technology offerings.

The enhancements will save customers time and money by streamlining the preparation, management and tracking of multiple types of shipments – whether domestic or international, small package or heavy freight.

More than 550,000 customers worldwide have installed WorldShip, making it one of the most widely deployed transportation software applications in the world. The latest version now being rolled out – WorldShip 9.0 – is available in 14 languages and enables customers to take advantage of three time-of-day delivery options now being offered in most major global commercial centers.

UPS’s popular Quantum View applications, when used with WorldShip, open even more doors to managing global trade. Shippers can keep their customers notified of shipment status with Quantum View Notifysm and once shipments are en route, Quantum View Manage provides visibility into where the shipment is in the supply chain.

These enhancements reflect the integration of UPS Freightsm, the former Overnite Corp. UPS’s acquisition of Overnite positioned it as a top motor freight carrier in the U.S. and expanded UPS’s transportation solutions to include a full suite of freight services.

The third broad enhancement unveiled involves an expansion of the UPS Billing Solutions portfolio to include an electronic freight invoice. The portfolio provides customers with detailed financial information about their small package and UPS Freight shipments to enable customers to better manage their transportation costs.

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