Tag: Worldwide

FedEx reports strong revenue and earnings growth. Operating margin continues to improve

Posted by | Sep 21, 2006 | |

FedEx Corporation reported earnings of USD1.53 per diluted share for the first quarter ended August 31, compared to USD1.10 per diluted share a year ago. Last year’s first quarter included a one-time, noncash charge of USD79 million to adjust the accounting for certain facility leases, primarily at FedEx Express. Excluding this charge, earnings in last year’s first quarter would have been USD1.25 per diluted share.

FedEx Corp. reported the following consolidated results for the first quarter:
Revenue of USD8.54 billion, up 11% from USD7.71 billion the previous year
Operating income of USD784 million, up 34% from USD584 million a year ago
Operating margin of 9.2%, up from last year’s 7.6%
Net income of USD475 million, up 40% from USD339 million the previous year

Last year’s first quarter operating margin would have been 8.5% excluding the one-time charge.

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DHL opens new european distribution center in Czech Republic for LEGO(R) Group

Posted by | Sep 21, 2006 | |

The LEGO Group, one of the largest toy manufacturers in the world and DHL Exel Supply Chain have opened this week a new European distribution center (DC) in Jirny near Prague. Based on a five-year contract the LEGO Group has outsourced all the logistics activities at the new DC to DHL Exel Supply Chain. As of 2007, every LEGO brick destined for Europe, Asia, Africa and South America will have passed through the Czech Republic.

DHL Exel Supply Chain’s warehouse in Jirny, located 10km outside Prague, occupies a total of 60,000 square metres and is the LEGO Group’s largest DC in Europe. The facility’s operations include standard logistics activities such as inbound and outbound logistics operations and storage, as well as value-added services.

The stock from LEGO Group’s five current distribution facilities in Europe will gradually be transferred to the new Jirny DC, and some 600 jobs will be created as a result.

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Postcomm reviews Royal Mail proposals to change its Special Delivery Next Day service

Posted by | Sep 21, 2006 | |

Postcomm, the independent postal services regulator, is seeking views on Royal Mail’s proposal to limit what can be sent through its Special Delivery Next Day service and be covered by its compensation arrangements.

Royal Mail would like to:
a) exclude valuable items, such as cash and jewellery from the service;
b) reduce the additional levels of compensation that customers can buy, from a maximum GBP2,500 to the standard GBP500; and
c)introduce a separate Special Delivery High Value service which would allow customers to post items of value and to claim compensation for lost or damaged high value items.

It argues that it needs to make these changes in order to help ensure its staff are safer when delivering high value items.

At the moment, customers using the Special Delivery Next Day service are able to claim compensation if items of value are lost or damaged. If the changes that Royal Mail wishes to introduce are approved by Postcomm, customers using the standard Special Delivery service will not be able to seek compensation for lost or damaged items which contain items of value.

The Special Delivery High Value service that Royal Mail wishes to introduce would be more expensive than the standard Special Delivery service, but would allow the conveyance of high value items that Royal Mail is proposing to exclude from the standard Special Delivery compensation arrangements.

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TNT Express expands Express Road Network to Morocco

Posted by | Sep 19, 2006 | |

TNT Express, one of the world’s leading express delivery companies today announced it has extended its Express Road Network (ERN) into Africa by starting an international road line haul connection to Casablanca, Morocco. By doing this, TNT is the first major express company to create an owned time definite road line haul connection between Africa and Europe.

This expansion complements TNT Express’ focus on further strengthening its networks by expanding into the merging markets within and around Europe, which to date has concentrated on Eastern Europe. This step reflects TNT Express’ strategic intents to become number one in both Europe and Rest of the World emerging markets.

Morocco traditionally has a strong trade relationship with the region as the gateway between Europe and Africa. TNT will leverage on this geographic situation by connecting its entire European road network to the African continent. Morocco is one of the fastest growing markets in the region and several trade agreements will fuel this growth in the future. Casablanca is connected to the ERN through Madrid with a sea connection between Tangier and Algesiras.

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New parcel processing system in La Poste

Posted by | Sep 18, 2006 | |

French national post office La Poste will invest some 25 mln euro (USD31.7 mln) in a new parcel processing system in the Loir-et-Cher region in north-central France, it was reported on September 15, 2006.
The platform, which will be operational in April 2007 will employ about 220 people. It will cover an area of 26,000 sq m and will process about 200,000 parcels a day.
The company also reminded that it had invested some 80 mln euro (USD101.3 mln) in the renovation of its logistics and mail delivery services in that region in the course of 2005 and 2006.

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