All Express articles – Page 36
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News
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 ...
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FedEx freighter deal 'on the agenda' - Bloomberg
FedEx senior management met at the weekend to discuss a $5bn order for at least 25 Boeing 767 freighters, according to the Bloomberg news agency.Citing “two people familiar with the matter”, Bloomberg said that the US parcel giant’s directors met in the Seattle area over the weekend, where the deal ...
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Swiss join the drone club
Swiss Post and Swiss WorldCargo have launched a project to test the commercial possibilities of logistics drone in partnership with California-based manufacturer, Matternet.They will carry out drone tests in July 2015, but admit that “the widespread use of drones is not expected within the next five years.”Before then, issues including ...
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FedEx-TNT deal edges forward
FedEx’s potential $4.8bn takeover of TNT has edged further forward as the US express giant has filed regulatory paperwork to the European Commission.Over the weekend, the New York Stock Exchange-listed logistics company confirmed it had submitted the required filing to the EC to obtain regulatory clearance in connection with the ...
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FedEx updates on freighter retirements and TNT acquisition
FedEx has provided more details on its decision to retire freighters early, while also providing an update on its proposed takeover of TNT Express and saying that it will continue on the acquisition trail.Speaking shortly after the announcement of its fiscal year fourth quarter results, the US express giant said ...
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Freighter retirements hit FedEx Express Q4
FedEx’s express division recorded a double-digit decline in operating profits in the 2015 fiscal year fourth quarter as a result of the retirement of freighters.The US firm’s express arm saw fourth quarter revenues decline by 4% against last year to $6.7bn, while operating income slid by 40% on last year ...
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UPS Capital buys jewellery logistics specialist
The financial arm of US parcel giant UPS has bought Parcel Pro, a US-based independent logistics provider to the jewellery, wristwatch and collectibles industries.UPS Capital, which provides supply chain financial, insurance and payment services, said that the deal will benefit customers shipping high-value products.Ronald Chang, president of UPS Capital, said: ...