Express – Page 35
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DHL pilots balloted on strike action
Nearly 2,000 pilots at four of DHL’s five North American carriers - Atlas Air, Southern Air, Polar Air, ABX - are being balloted on strike action in a dispute over working conditions. Pilots at a fifth DHL carrier – Kalitta Air - have already voted overwhelmingly in favour of a ...
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TNT to sell overnight arm
TNT Express is to sell its TNT Innight overnight distribution subsidiary to private equity firm Special Situations Venture Partners III. TNT, which recently announced the approval of the Chinese competition authorfities of its acquisition by FedEx, said it wanted concentrate resources on strengthening its core express delivery activities. TNT Innight ...
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China green light for FedEx-TNT deal
FedEx Corporation and TNT Express have said that they have obtained the unconditional approval of China’s Ministry of Commerce (MOFCOM) for their merger.With one of the last remaining hurdles to the deal surmounted, the two express companies say that the offer condition with respect to competition clearances has now been ...
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UPS hits earnings record in first quarter
UPS earnings per share jumped 13% in the first quarter of 2016, with growth across all main segments of its business. US domestic and international small packages drove the US-based express logistics firm to a record first quarter, with international operating profit up 15% to $574 million.Total revenue was up ...
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China logistics giant to build own airport
SF Express is to build its own airport in the Wuhan area, according to China Aviation Daily, quoting an interview with its president Tu Wei with CAACNews. China’s largest private express company is reportedly investigating possible sites for a freight airport in South Central China although sources quoted suggest that ...
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UPS enjoys successful first quarter, but airfreight market challenging
UPS has revealed what it describes as record first quarter results. Total revenue over the three-month period reached $14.4 billion, up 3.2% over the same quarter of last year (and on a currency-neutral basis, revenue increased 3.7% year on year).Both UPS’s domestic US and international small package segments drove growth“We ...
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Accusations fly as Atlas Air pilots' union requests mediation
A dispute involving 1,300 pilots flying for DHL-contracted airlines Atlas Air and Polar Air Cargo in the US looks set to go to mediation.The Teamsters union said on 26 April that the National Mediation Board (NMB) which facilitates labour relations in aviation had agreed to the request despite the fact ...
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AMI portal tops 100,000 quotes
Airfreight and express wholesaler AMI says that its online booking portal has handled 100,000 quotes since it was launched six months ago in late 2015.Quote & Book has also doubled AMI’s live customer base, maintaining a 15% conversion ratio to firm bookings since its launch, as well as those for ...
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Time:matters enjoys successful year
time:matters, the specialist in time-critical logistics that forms part of the Lufthansa Cargo Group, enjoyed an 8% increase in revenue last year compared to 2015, making a turnover of 64 million euros.That result built on the success of 2014, when revenue had grown by 10% over 2013.Time:matters’ international business did ...
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E-commerce delivers growth for Aramex
Middle East owned Aramex said that the online delivery market had helped it ride out global economic uncertainty and delivery strong growth in the first months of this year.The Dubai-based logistics company announced net profits up 12% to AED 96.9 million in the first quarter of 2016 compared with AED ...
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FedEx deal is on track, says TNT boss
TNT is in course to close its deal with FedEx during the second course, said chief executive Tex Gunning at a press conference to announce the Dutch-owned express operator’s first quarter results. Asked what the outcome would be if the Chinese authorities did not give their approval by the 6 ...
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TNT signs pharma duo for Medpak service
TNT has signed up two global customers for its new cold chain packaging and shipping solution, Medpak VI°C.The Europe-based express operator did not name the customers but said that one is “a leading clinical trial company” while the other is “a global biotech company”.Medpak VI°C, which guarantees a temperature variance ...
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UPS names Cindy Miller as president of global freight forwarding
UPS has promoted Cindy Miller as the first female president of its global freight forwarding arm.Miller began her career with the US parcels and logistics giant as a driver in Allentown, Pennsylvania, in 1988.“The air freight industry is central to the development of trade and the global economy,” said Miller, ...
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UPS moves to annul European veto on TNT takeover
UPS is asking the Luxembourg-based General Court to overturn a European Commission veto on its failed bid three years ago to take over European express operator TNT, a company which is now on course to be acquired by FedEx, arch rival to UPS.News agency Reuters said that the UPS challenge ...
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Opportunity still knocks in Africa, says DHL
Africa has been dubbed the last frontier for economic development during the past few years. But in the recent economic downturn, does the continent still offer opportunity to investors, asks DHL.While the latest World Bank figures show economy growing at only 3.4% in 2015, its lowest since 2009 and well ...
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FedEx and TNT deal gets clearance in Brazil following UPS appeal
FedEx’s proposed takeover of TNT Express has finally been approved by Brazilian authorities after UPS filed an appeal with the economic regulator in Brazil.The two express firms today announced that Brazil’s Conselho Administrativo de Defesa Econômica (CADE) had rejected the third party appeal of the unconditional approval of FedEx’s takeover ...
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FedEx cuts jet fuel costs and carbon emissions
FedEx has shown its environmental credentials by saving $1bn in jet fuel since 2007 and surpassed a goal to boost ground vehicle fuel efficiency by 30%, five years ahead of target.The results have been revealed in the US-based parcel delivery giant’s annual Global Citizenship Report (GCR) – detailing the company’s ...
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DRB-Hicom Asia Cargo Express set for expansion
Malaysian airline DRB-Hicom Asia Cargo Express has revealed plans to add to its fleet and expand airfreight operations into Southeast Asia.The express airline, which is owned by Malaysian conglomerate DRB-Hicom, told a press conference that it aimed to expand its fleet to six aircraft from its current two Boeing 737-400 ...
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UPS expands at Ontario Airport
UPS has built a new sorting facility and begun work on expanding its existing building at Ontario International Airport.The new 416,000 sq ft building processes urgent, time-definite packages and will feature automated sorting capabilities.Meanwhile, work is underway at the expanded ground sorting facility, which will be retrofitted with automated sorting ...
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FedEx reports strong third-quarter results, but FedEx Freight suffers
FedEx has released its financial results for the third quarter of its fiscal year, the three months covering the December 1-February 29 period.Adjusted operating income rose 19% year over year to reach $1.16bn, primarily due to improved yield management and the continued positive impacts from profit improvement programme initiatives at ...