Union Postale 2006 no 1
Union Postale 2006 no 1
Read MoreTag: Worldwide
FedEx net income surges 33 percent; annual earnings outlook raised
FedEx Corporation today reported earnings of USD1.53 per diluted share for the second quarter ended November 30, compared to USD1.15 per diluted share a year ago, an increase of 33%. FedEx Corp. reported the following consolidated results for the second quarter: revenue of USD8.09 billion, up 10% from USD7.33 billion the previous year, operating income of USD790 million, up 32% from USD600 million a year ago, operating margin of 9.8%, up from last year’s 8.2%, net income of USD471 million, up 33% from USD354 million the previous year. “Customer demand for our broad portfolio of transportation services, a disciplined pricing approach by FedEx and strong productivity gains led to a sharp improvement in our operating margins,” said Frederick W. Smith, chairman, president and chief executive officer. “FedEx is also benefiting from solid economic growth year over year in the US and Asian economies, which we expect to continue in 2006.”
Read MoreLa Poste to enter China by partnering with Kerry EAS
France’s La Poste is to cut into the Chinese market by forming a partnership with China’s logistics company Kerry EAS. The two parties has clinched an initial agreement, and they will respectively make CNY 100 million investment in creating a joint venture. Besides, they have been in touch since the beginning of the year, and their new company is expected to be launch into operation in 2006.
Read MoreDHL announces rates for 2006
DHL Express (USA) today announced new rates effective February 5, 2006, in line with recently announced annual increases in the express and parcel industry, including a 5.5% increase for DHL Domestic Air Express and International Express and a 3.9% rise for DHL Ground Service. Concurrent with the 2006 rate changes, DHL will institute a cap of 14.5% on its published fuel surcharge for Domestic Air Express and International Express, a move that will allow customers to better predict and control their transportation spending, and will reduce the index used to determine its air fuel surcharge by 2%, resulting in an effective rate increase for DHL Domestic Air Express and International Express services of 3.5%. The fuel surcharge index calculation for Ground products remains unchanged. Rates for DHL@Home, the company’s expedited business-to-residence shipping service, will increase an average of 6.5%, effective January 2, 2006.
Read MoreUPS stays committed to its networks
US global integrator will not be following TNT’s example in quitting logistics.
Announcing its decision largely to withdraw from logistics next year, TNT said earlier this month it had concluded the group’s strength lay in ‘designing, implementing and running delivery network businesses’. The implication was that the majority of TNT’s logistics activities were not ‘network’ operations. In contrast, rival global integrator UPS apparently remains committed to developing its worldwide logistics business as very much a network-based activity. That certainly was the picture painted by Ian Chong, European director of strategy for the US company’s UPS Supply Chain Solutions division when he outlined his organisation’s thinking on that issue after the TNT announcement. ‘In our world, logistics is a network service,’ he said. ‘That is the main focus for us now and has been from day one.’ By that, he confirmed, he meant that a large percentage of the product handled by UPS SCS was routed through the parent company’s package and freight networks.
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