Express – Page 38
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TNT wins Harding Safety air and road contract
TNT has been awarded a five-year contract covering air and road express services with supplier of lifesaving equipment, Harding Safety.TNT will become the exclusive carrier for all spares shipments for Harding Safety at global level and will provide a full range of express delivery services using its integrated road and ...
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DB Schenker to launch European-wide express service through GLS partnership
DB Schenker Logistics will enter the European-wide express market through a partnership with a parcel service provider as forwarders continue counter express operator incursions into their market.The German logistics giant this morning announced it had struck up a European-wide partnership with the GLS Group, which will allow it to expand ...
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FedEx Express sees revenues slide but profits increase
FedEx Express saw its first-quarter revenues decline as a result of lower fuel surcharges and exchange rate effects, but operating profits did improve.The Memphis-based company’s express division, which is currently in takeover talks with TNT, recorded a 4% year-on-year decrease in its fiscal year first-quarter revenues to $6.59bn, while operating ...
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DHL Express: air cargo volumes lost to express won't come back
EXCLUSIVE INTERVIEW: Airfreight forwarders should not expect to be able to win back the market share they have lost to integrators over recent years because of fundamental differences in their offering.Speaking at a media event at its European regional hub in Leipzig, DHL Express Europe chief executive John Pearson told ...
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TNT upgrades Nordic links
TNT is strengthening its international express delivery services to Europe’s Nordic countries with improved Boeing 737 freighter connections to Sweden and Finland, plus additional last-mile delivery capacity in large business centres.The Netherlands-based express and logistics carrier has reintroduced flights from its Liege air hub in Belgium to Stockholm Arlanda (ARN) ...
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DHL goes greener in Asia Pacific
DHL Express has improved its carbon efficiency by 12% year on year in the Asia Pacific region despite a growth in volume of about 10%.In 2014, the global parcel and freight giant saw its CO2 efficiency over 2013 improve across the region, with savings of 21% in Malaysia, 15% in ...
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UPS Canada renews Cargojet agreement
Cargojet has entered into a new air cargo service agreement with United Parcel Service (UPS) Canada.It replaces the original 2003 agreement for the Canada-based freighter operator to provide domestic overnight air cargo services throughout Canada for the US-based express parcel and logistics giant.The initial term of the agreement is for ...
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Ask before you ship, FedEx chief tells aerospace exporters
Aircraft part manufacturers should get proper advice and provide customs brokers with information well in advance, says FedEx Europe managing director, David Poole.With a growing market, particularly in Asia, UK aerospace companies need more support and assistance he argues. One of the largest stumbling blocks to the transport of aerospace ...
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Tex Gunning to leave TNT CEO role if FedEx succeeds in takeover bid
TNT Express chief executive Tex Gunning will be replaced by David Binks if FedEx’s $4.8bn takeover, due to be launched on Monday, is successful.The two companies today announced that, on Monday, FedEx will make its recommended public cash offer for all the issued and outstanding ordinary shares of TNT Express.The ...
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DHL opens Melbourne facility
DHL has opened a new Melbourne gateway facility to better support regional businesses operating in and out of Australia.The DHL Express Melbourne Gateway boasts a total investment of A$20m (€14m), the largest infrastructural amount invested by the global giant in Australia.Located at Melbourne Airport, the facility employs almost 100 people ...
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Extended investigation into FedEx-TNT deal not expected to affect projected timeline
Update: The European Union’s decision to extend its investigation into FedEx's $4.8bn bid to takeover TNT Express is not expected to change the timeline for completion.Today, Brussels confirmed it will now complete its competition investigation into the deal by January 13, instead of December 8 as initially expected.A TNT spokesperson ...
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European Commission extends investigation into FedEx-TNT deal
The European Union has extended its investigation into FedEx's $4.8bn bid to takeover TNT Express.Brussels will now complete its investigation by January 13, instead of December 8 as initially expected."The parties have requested a 20-day extension for the phase II investigation, as they are entitled to do according to the ...
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Brussels launches probe into FedEx’s proposed TNT takeover
The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices.The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity ...
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TNT launches Tunis air link
TNT has launched a Boeing 737-400 freighter link to Tunis, the capital city of Tunisia, from its main European air hub in Liege, Belgium.The service will operate five times weekly via Marseilles, with flights arriving in Tunis every weekday before start of business and leaving the city in the evening.The ...
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Online shopping boost for Aramex as it eyes acquisitions
An online shopping boost for its international express and domestic express products saw Dubai-based Aramex’s second quarter net profits increase by 15% to AED92.6m.The logistics group, which has secured funds for potential takeover targets, saw its half year 2015 revenues increase year-on-year to AED1.9bn, up 7% compared to the corresponding ...
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TNT updates on FedEx deal as Q2 losses narrow
TNT Express has confirmed that it expects its acquisition by FedEx to be completed in the first half of next year as it reports a loss of €1m for the second quarter.The Amsterdam-based express operator recorded a second-quarter 6.2% year-on-year improvement in revenues to €1.8bn.Operating income jumped to €19m from ...
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UPS second quarter boosted by international supply chain
UPS saw improved operating profit and margin in the second quarter of 2015, led by the International and Supply Chain and Freight segments.Currency exchange rates and lower fuel surcharges reduced total reported revenue growth, which declined 1.2% from the same quarter last year to $14.1bn.The US-based global parcels and logistics ...
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DHL's quality centre in Singapore
DHL Express has a new facility in Singapore that will combine a range of global operations activities in the South Asian trade hub and will also host a global Quality Control Center."Quality is one of the main sources of differentiation in our highly competitive industry, and our Quality Control Centers ...
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FedEx confirms billion dollar freighter order
FedEx is to purchase 50 additional 767-300F aircraft from Boeing as it continues to modernise its aircraft fleet.In addition to the 50 confirmed orders, FedEx also has options to purchase a total of 50 767F aircraft.Said FedEx: "The 50 firm-order aircraft will be delivered from fiscal 2018 through fiscal 2023. ...
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UPS expands express freight service
UPS is adding eight origin and five destination countries to its Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments.The expansion adds five countries in Latin America and three in Europe.UPS now offers the guaranteed service – targeting product launches, inventory shortages or equipment failure replacement ...