All Express articles – Page 34
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News
FedEx-TNT deal faces regulatory appeal in Brazil
UPS has filed an appeal with the economic regulator in Brazil against FedEx's takeover of TNT Express.On February 2, the US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica (CADE) had unconditionally approved its intended acquisition of TNT Express.Under Brazilian law, a decision may be appealed within 15 calendar ...
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DHL adds daily Tangier freighter
DHL has launched a daily B737 freighter between Tangier and the integrator’s global hub in Leipzig, Germany, connecting northern Morocco's high-growth economic zones to Europe.The service, from Tangier’s Ibn Battouta airport, provides customers in Morocco with a reduction in delivery time by four hours and an extended pickup time limit ...
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DHL to build Malpensa hub
DHL Express has signed an agreement to build a €90m logistics hub at Milan Malpensa airport. Work will begin at the end of 2016 and be completed by end of the second quarter of 2018.DHL is the second express parcel giant to expand at the Italian hub after FedEx started ...
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Thumbs up for Singapore drone tests
Singapore will be the launch pad for test trials of Unmanned Aircraft Systems (UAS), or drones, for last mile delivery.Airbus Helicopters and the Civil Aviation Authority of Singapore (CAAS) have signed a Memorandum of Understanding (MOU) to conduct UAS proof-of-concept trials, named the Skyways Project.Skyways, said the project team, aims ...
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TNT returns to the black in the fourth quarter
Express delivery firm TNT returned to the black during the fourth quarter of last year on the back of revenue growth and cost cutting measures.The Amsterdam-headquartered company, which is the process of being taken over by FedEx, reported fourth-quarter revenues of €1.9bn, up 4.1% compared with the same period in ...
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Chinese express airlines looking to continue e-commerce fuelled expansion
Fast expanding Chinese express carriers YTO Express Airlines and SF Airlines have applied to add extra routes from the country’s capital as they look to capitalise on the growing domestic e-commerce market.Recently launched YTO has applied to the Civil Aviation Administration of China to operate a cargo service between its ...
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TPP trade deal signing welcomed by UPS
UPS has welcomed the eventual signing of the Trans-Pacific Partnership (TPP) free trade agreement but commentators have warned that there are years of negotiations ahead.Earlier today 12 nations - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – signed up to the TPP ...
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UPS posts double-digit operating profit growth after strong peak
UPS posted “positive” fourth quarter results, with double-digit operating profit growth recorded across all three of its segments.The parcel giant announced a 1% increase in fourth-quarter revenues to $16bn, although it said performance at a top-line level was restricted by currency translations and lower fuel surcharges.At an operating profit level, ...
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Aramex 2015 revenues up but net profits dip due to staff incentive scheme
Dubai-based logistics operator Aramex saw its 2015 full Year revenues increase by 5% to AED3.8bn, while annual net profits fell by 2% to AED311m, due partly to a company incentive scheme to retain talented staff.Exposure to major currency fluctuations, primarily the Euro, South African Rand and Australian Dollar, had a ...
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FedEx takeover of TNT edges forward
FedEx’s takeover of TNT has taken another step forward after Brazil’s competition authority gave its go-ahead to the acquisition.The US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica had yesterday unconditionally approved its intended acquisition of TNT Express.“We are very pleased with the unconditional approval from the Brazilian regulatory ...
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We’re in this together
MEANINGFUL partnerships may be the new way forward for competing air cargo companies.When there is too much capacity, when prices are at rock bottom and yields are in decline, when shippers are modal-shifting to sea, when economies of scale are desperately required – maybe that is the time to turn ...
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Aramex buys Fastway Couriers in New Zealand
Dubai-based logistics operator Aramex has expanded its footprint in the Asia-Pacific region with the 100% acquisition of Fastway Couriers in New Zealand for NZ$125m.Established in 1983, Fastway Couriers' global network includes 63 regional depots and 1,500 courier franchisees across Australia, New Zealand, Ireland, Northern Ireland and South Africa. With more ...
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Algeria links gain from Marseille upgrade by DHL Express
An €8m investment at France’s Marseille Provence Airport by DHL Express has allowed the logistics giant to add direct links to Algeria in North Africa from the French Mediterranean hub.DHL’s warehousing capacity has more than doubled to 3,000 sq m at Marseille, and the workforce will also double to 84 ...
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DHL takes a stake in French e-commerce logistics specialist
Deutsche Post DHL Group is taking a 27.5% stake in Relais Colis, a French e-commerce logistics specialist serving Europe’s third largest internet retail market.The Germany based global logistics giant said that the minority holding will “support the further development of the French e-commerce logistics specialist’s network of pickup points and ...
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European Commission approves Fedex's takeover of TNT
The European Commission has given official approval to FedEx’s $4.8bn acquisition of TNT Express.The two companies said that following an investigation, the European Commission concluded that the deal would not raise any competition concerns.The Commission said FedEx and TNT are not particularly close competitors and the merged entity will continue ...
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FedEx considers appealing French cartel fine as it reports profit improvements
FedEx has said it is considering appealing against the fine issued by France’s competition authority for alleged price fixing in the parcel delivery sector as it announced its latest quarterly results.The Memphis-headquartered integrator recorded an increase in second-quarter fiscal year revenues of 5% to $12.5bn, operating income was up 4.6% ...
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France slaps price-fixing fines on 20 express carriers
France’s Competition Authority (Autorité de la Concurrence, FCA) has ordered 20 parcels delivery firms to pay a total €672.3m for price-fixing.Some 20 companies including Chronopost, Exapaq (now DPD France), Dachser France, DHL Express France, FedEx Express France, Gefco, Geodis, GLS France, Norbert Dentressangle Distribution, Schenker-Joyau (now Schenker France), TNT Express ...
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Jetpak links up with Flybe for door-to-door
Nordic courier specialist Jetpak has linked up with UK-based European regional airline Flybe to provide door-to-door delivery services between the UK and the greater Benelux area.Jetpak, which entered into the Netherlands and the UK earlier this year, will be able to provide same day transportation services between the UK, the ...
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Aussie rules OK for FedEx takeover of TNT
The Australian Competition and Consumer Commission (ACCC) will not oppose FedEx’s proposed $4.8bn acquisition of TNT Express.ACCC chairman Rod Sims said that the commmission had sought information and views from a range of interested parties including online retailers and suppliers of express services, adding: “Customers did not raise significant competition ...
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DHL Express to develop palletised item conveyor system at Leipzig
DHL Express plans to install a unique automated conveyor belt for palletised items in its new Leipzig terminal in order to speed up processing times.Leipzig hub managing director Ralph Wondrak said that pallets need to travel 1km in distance when they arrive at the terminal.To improve processing time, the intergrator ...