Tag: Worldwide

Federal Express to benefit from Malaysia-US Free Trade Agreement

Posted by | Aug 7, 2006 | |

Federal Express Services (M) Sdn Bhd, a subsidiary of FedEx Corp, says it will gain from the implementation of the US-Malaysia Free Trade Agreement (FTA). Its new managing director for Malaysia and Brunei, K. Don Premaseri, said the FTA was expected to boost the company’s air cargo-handling business. “Definitely there will be a lot of room to expand in Malaysia. “In fact, Malaysia is poised to record higher growth with the implementation of the FTA,” he told a media briefing here today. Premaseri said the USD44 billion (USD1=RM3.65) bilateral trade between the two countries in 2005, as well as the US Trade Department’s forecast that exports to Malaysia would double within five years (with the conclusion of the FTA) would bring significantly positive growth to the company. “Also, based on the fact that 40 percent of the world trade by value are actually moved by aircargo, you can expect what kind of growth that will come about. “The company expects a positive trend in the coming years. “We have already ordered 10 A380 super Airbus aircraft for our global network operations.

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DHL adds new Asia Pacific flights direct to New York

Posted by | Aug 3, 2006 | |

DHL, the express delivery and logistics company, today announced the introduction of five new direct overnight flights from key Asia Pacific markets directly into DHL’s International Gateway located at John F. Kennedy International Airport in New York. The new flights will increase the air capacity of DHL’s global transportation network by eight tons daily, enhancing DHL’s ability to serve current and new customers along the fast-growing U.S.-Asia Pacific trade lane.

DHL’s new flights to New York’s JFK Airport consist of two daily direct flights from DHL’s Central Asia Hub in Hong Kong, and one direct flight each from DHL’s hubs in Bangkok, Thailand; Singapore; and Taipei, Taiwan.

In 2004, the Asia Pacific-U.S. trade lane accounted for USD 533 billion in exports to the U.S. The new direct DHL flights to New York significantly increase cargo capacity on air routes from Asia Pacific to the U.S. East coast to meet customer demand, and underscore DHL’s ongoing commitment to providing the most extensive international air express network for customers throughout Asia Pacific and the U.S. With the addition of these new flights, DHL customers will also benefit from enhanced next day express services to the U.S. using DHL International Document Service and DHL Worldwide Priority Express; later cut-off times, and earlier delivery times for shipments originating in Asia Pacific and destined for the greater New York/New Jersey area.

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TNT plans to ditch logistics operation

Posted by | Aug 1, 2006 | |

Mail firm TNT has said it expects to sell its underper-forming logistics business in the third quarter.

The news came as the firm reported a 10.7 per cent rise in second-quarter operating profit.

Second-quarter earnings before interest and tax rose to pounds 233.6 million from pounds 211 million the year before, above a median forecast of pounds 222.6 million in a poll of 12 analysts.

Revenue rose 5.8 per cent to pounds 1.81 billion, after sales rose in all business segments.

Chief executive Peter Bakker said: “I am very satisfied with our strong performance in Q2 and the first half of 2006. Our ‘Focus on Networks’ strategy is delivering strong growth and record margins in Express, and robust performance in Mail.

“Based on the strong start to the year, I am pleased that we can upgrade our outlook for 2006. Also, the signing of the Logistics divestment should take place before the end of the third quarter. All-in-all, 2006 is expected to be a strong year for TNT.”

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DPWN financial results for H1 2006

Posted by | Aug 1, 2006 | |

Consolidated revenue rose to EUR 29.3 bn. with all corporate divisions contributing to this increase.
Profit from operating activities amounted to EUR 1.6 bn. in the first half. The cost of integrating our two major acquisitions, Exel and BHW, made its mark on earnings from operating activities as well as net profit, which amounted to EUR 736 mn.
The integration of these two companies is making good headway and progressing as planned.

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Deutsche Post World Net business on target

Posted by | Aug 1, 2006 | |

Consolidated revenue up to 29.3 billion euros in the first half of 2006. Operating profit down slightly to approx. 1.6 billion euros. Exel integration moving ahead fast. Group confirms 2006 EBIT forecast of at least 3.9 billion euros.
For the current year, the Group is expecting revenue of a good 60 billion euros and EBIT of at least 3.9 billion euros. This includes substantial one-time expenses for the integration of Exel and BHW. 2006 revenue for the MAIL Corporate Division is expected to remain stable or rise slightly, while EBIT is forecast at about 2 billion euros. In the EXPRESS Corporate Division, the Group is anticipating single-digit revenue growth in 2006. The operating profit for 2006 should be on a level with the previous year excluding goodwill impairment, i.e. at around 450 million euros. In the LOGISTICS Corporate Division, enlarged by the acquisition of Exel, revenue is expected to exceed 18 billion euros by some margin, with EBIT of at least 700 million euros. In the FINANCIAL SERVICES Division, revenue is forecast to rise, driven in part by the inclusion of BHW Holding AG. This will be accompanied by double-digit growth in operating profit to at least 900 million euros.

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