Tag: Worldwide

Deutsche Post CEO says 32,000 could lose jobs due to liberalisation

Posted by | Nov 6, 2006 | |

Deutsche Post World Net AG CEO Klaus Zumwinkel said about 32,000 jobs could lose their jobs as a result of the planned liberalisation of postal services in Germany.

In an interview with DPA German news agency, he said competitors would be able to get hold of around 20 pct of the volume of letters being handled by Deutsche Post after Dec 31, 2007, when the company’s monopoly ends.

‘This would then mean the end for around 32,000 jobs in Deutsche Post,’ he said.

‘One has to know this if one wants to liberalise (the market),’ he added.

Zumwinkel said the letters market, in which Deutsche Post still holds a market share of around 92 pct, is no longer growing but has actually shrunk by around 3 pct due to the new electronic forms of communication.

He said the market shrinkage had resulted in a loss of 5,000 jobs a year but that the company manages to offset these through ‘natural wastage’, such as non-replacement of those who retire.

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Polar Air Cargo Begins Service to Beijing

Posted by | Nov 6, 2006 | |

Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo services, today announced that Polar Air Cargo, Inc. (Polar), would begin scheduled-service operations into Beijing Capital International Airport (PEK) starting November 11, 2006 with two weekly frequencies.

Ronald A. Lane, Chief Marketing Officer, AAWW, said, “We are extremely proud to expand our operations in China by beginning scheduled air cargo service into Beijing. Polar reliably serves China through our operations in Hong Kong and Shanghai. Now that we are well-established in these zones, we considered it imperative to expand our mainland presence by focusing our operations on the Beijing-Tianjin Bohai Bay region. We believe that this region will soon be a dominant commercial hub for trans-Pacific air cargo. At Polar, we wanted to launch our service early in this market, and to be among the few air cargo operators to have regularly scheduled service in and out of PEK.”

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TNT completes sale of logistics division

Posted by | Nov 4, 2006 | |

TNT N.V. announces that it has completed the sale of the logistics division to affiliates of Apollo Management, L.P., a leading private equity firm with offices in New York, London and Los Angeles. With the completion of this transaction, Dave Kulik will become CEO of the new Company and therefore resigned from the TNT Board of Management. The now completed sale to Apollo was announced on 23 August 2006. On 29 September 2006 the shareholders’ meeting approved the transaction and on 24 October 2006 the European Commission granted clearance under the EU Merger Regulation. The total transaction value is euro 1,480 million on a cash and debt free basis, of which approximately euro 15 million has been received in the form of a 5% equity stake in the new company.

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FedEx Express to increase net average shipping rates 3.5 percent in 2007

Posted by | Nov 3, 2006 | |

FedEx Corp. will increase the net average shipping rate for FedEx Express by 3.5 percent, which is composed of a 5.5 percent average increase in standard list rates, offset by a 2.0 percentage point reduction in its fuel surcharge. The new rates will be effective Jan. 1, 2007 and apply to U.S. domestic and U.S. export express package and freight shipments.

The fuel surcharge also now will be levied on some transportation-based surcharges such as Residential and Delivery Area surcharge for all domestic shipments and for those U.S. export and U.S. import FedEx Express shipments paid by U.S. payers.

Additional changes will be made to other FedEx Express surcharges effective Jan. 1, 2007. The details of these surcharges will be available on fedex.com by Nov. 10, 2006.

FedEx also will add a new dimensional weight system for oversized, large FedEx Ground shipments. If the dimensional weight is greater than the actual weight, dimensional weight will apply to FedEx Ground shipments that are three cubic feet (5,184 cubic inches) or greater. A FedEx Ground dimensional weight customer aid will be available on fedex.com to assist customers. This will be effective Feb. 5, 2007.

FedEx Ground rates also will increase for 2007. These changes will be announced later this year.

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UPS Trade Direct comes to Japan

Posted by | Nov 3, 2006 | |

United Parcel Service Inc. has begun its first inbound Trade Direct service in Asia.
The Atlanta-based package shipper has debuted its UPS Trade Direct service inbound to Japan, making the service available from 50 origin countries in North America, Europe and Asia. The Japan service is the first Trade Direct inbound lane to be opened in Asia by UPS.

UPS Trade Direct is an international freight service that combines air or ocean freight transportation and customs clearance with package and less-than-truckload service for final delivery. UPS said the service offers faster transit and the ability to bypass traditional warehouses and distribution centers because shipments can go directly from airplane or ship into the local UPS delivery network. UPS introduced the service in 2002.

Trade Direct Air will serve the inbound Japanese market through Osaka and Tokyo, where UPS has daily flights from Anchorage, Alaska; Shanghai, and the UPS Asia Pacific air hub in the Philippines. Trade Direct Ocean will flow through the ports of Kobe and Tokyo. Within Asia, Trade Direct Air will be available from 25 air gateways across 12 countries and Trade Direct Ocean will be available from 27 ocean ports in 11 countries.

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