Tag: Worldwide

TNT repurchases 18.2 million shares from the State of the Netherlands.

Posted by | Nov 21, 2006 | |

Today the State of the Netherlands announces it is selling all of its shares in TNT; 27.8 million ordinary shares to Citibank and UBS and 18.2 million ordinary shares to TNT. The repurchase by TNT represents a total consideration of nearly euro 600 million and 4.3 % of TNT’s outstanding ordinary share capital. The total sale by the State represents approximately 10.9 % of TNT’s outstanding ordinary share capital reducing the holding of the State of the Netherlands in TNT to nil.
Today’s repurchase by TNT is made part of the share buy back program that TNT announced on 6 November 2006. As a result of today’s transaction the total amount of the shares bought back until and including 20 November 2006 amounts to around 70 % of the announced euro 1 billion buy back. TNT intends to cancel all of the shares repurchased.

Read More

DHL mulls pricing review

Posted by | Nov 21, 2006 | |

DHL Express said it is reviewing its pricing policies for the next two years.

This, after rivals United Parcel Service, Inc. (UPS) and FedEx Corp. have announced plans to increase their respective rates for package delivery service. Starting Jan. 1, 2007, UPS and FedEx express delivery unit FedEx Express will increase service rates by 4.9% and 3.5%, respectively for US customers.

For the local market, however, representatives from UPS and FedEx said the actual timeline and amount of service rate increase for the Philippine market are currently being prepared.

“As all businessmen must, DHL will periodically increase rates to reflect rising costs of operations as well as investment,” DHL Express Philippines country manager Lawrence Llamzon told BusinessWorld.

Read More

New Zealand Post plans for online market

Posted by | Nov 20, 2006 | |

New Zealand Post plans to develop an online marketplace to help small and medium-sized enterprises export goods and services online, with possible financial backing from the Government.

It intends to set up a website to let businesses deal directly with overseas consumers, while handling shipping, logistics and the processing of international payments for them. Spokeswoman Fiona Mayo says a decision on whether the proposal will go ahead could be made next month, after which NZ Post may approach the Government for help.

However, the service is unlikely to be available for about a year. ”It will be a public-private partnership, but it needs to be approved from our end before any government funding comes our way.”

Ms Mayo says the cost has not yet been worked out, but NZ Post has already invested a lot of time in the plan. ”We have designed what we want to do, but we haven’t taken it beyond that at this stage. It certainly would be a first for New Zealand.”

Read More

An Post invests euro 1.6m in parcel plant expansion

Posted by | Nov 20, 2006 | |

A new euro 1.6m extension to An Post’s national parcel processing facility at Portlaoise Mails Centre was officially opened today by Minister for Communications, Marine and Natural Resources Noel Dempsey.

More than 20,000 parcels are processed at the Portlaoise hub each day, comprising parcel mail posted in Dublin and Leinster, as well as all incoming international parcels.

The 9000 sq ft extension to the mails centre brings to 43,000 sq ft the space devoted exclusively to parcel processing, an operation which involves tariff checking, barcoding, customs clearance (for international items) and sorting for onward dispatch and delivery.

“With globalisation, liberalisation and developments in technology, all national postal operators including An Post, have to change very rapidly to stay competitive and commercial in the postal market,” said Mr Dempsey.

Read More

UTi Worldwide acquires Span International Group

Posted by | Nov 17, 2006 | |

UTi Worldwide Inc. (NASDAQ:UTIW) today announced the acquisition of Span America Holding Company, Inc. and Span Manufacturing Limited (together, the “Span International Group of Companies” or “Span”), a value-added provider of integrated and customized supply chain management solutions, primarily in North America. The Span International Group of Companies, headquartered in Markham, near Toronto, Ontario, Canada, was previously privately held and will now become part of UTi’s contract logistics team in the Americas. With annual gross and net revenues of approximately USD39.1 million and USD36.0 million, respectively, for the twelve-month period ended December 31, 2005, the Span International Group of Companies is expected to be accretive to UTi’s net income during the first year. Terms of the transaction were not disclosed.

Founded in 1981 by Binny S. Jind, Span’s president and chief executive officer, Span offers value-added logistics to their wide customer base, representing primarily the electronics, automotive, telecommunications, computer hardware and consumer products verticals. Span’s end-to-end logistics services include vendor managed inventory, material flow integration, pre delivery inspection, screening and quality containment, component customization, sequencing, repackaging, assembly, testing and after-market support, among others.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest