Express – Page 35
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TNT 'making progress' for fleet sell-off
TNT has confirmed that it is “making progress” in finding a buyer for the parcel carrier’s freighter fleetTNT has to sell its aircraft assets if the $4.8bn takeover by FedEx is to go ahead.A spokesman for TNT Group said: “We are making progress with potential buyers” for TNT Airways ...
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FedEx predicts record seasonal shipments surge
FedEx predicts that it will move a record-breaking 317m shipments globally between Black Friday (November 27) and Christmas Eve (December 24). This forecast marks a 12.4% increase in year-over-year seasonal volume.The season is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two ...
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FedEx and TNT extend share acceptance period until January 2016
FedEx and TNT Express have extended the public offer acceptance period for all the issued and outstanding ordinary shares in the capital of TNT Express until January 8, 2016.US parcel giant FedEx’s proposed $4.8bn takeover of the Netherlands-based TNT Express is now unlikely to be opposed by European Commission regulators ...
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UPS statement on pan-African airline
United Parcel Service has issued a statement regarding African press reports that it is to launch a Tunisia-based pan-African airline with its local Tunisian partner, Express Logistics.In a statement to Air Cargo News, UPS said: “Contrary to recent media reports, UPS has not currently partnered with Express Logistics in Tunisia ...
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UPS records third-quarter profit improvement
Integrator UPS recorded increases in operating and net profits during the third quarter of the year despite a decline in revenues.The New York Stock Exchange-listed express giant saw third-quarter revenues decrease by 0.4% on a year earlier to $14.2bn, with its international package segment experiencing the greatest downturn in takings ...
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FedEx cleans up its planes and reduces its fuel bill in the process
FedEx has adopted a new fuselage cleaning procedure for 13 aircraft serving Europe from its Roissy-Charles De Gaulle hub that it claimed will help reduce its fuel bill.FedEx has begun cleaning the 13 aircraft using brooms equipped with microfiber rags to apply an anti-static biodegradable, non-toxic and non-flammable cleaning product.The ...
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TNT records third quarter operating loss
FedEx takeover target TNT managed to improve its financial performance in the third quarter of the year, but still recorded an operating loss.The Netherlands-headquartered delivery giant saw third-quarter revenues increase by 2.3% on a year earlier to €1.7bn on the back of increases in its small and medium enterprise (SME) ...
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UPS pilots vote to authorise strike
UPS pilots have voted in favour of requesting an exit from federally mediated labour negotiations to allow the option of launching strike action, a move the integrator believes is symbolic.Earlier today, UPS pilots voted 2,252 to eight to provide the Independent Pilots Association (IPA) with the authority to formally request ...
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UPS to launch pan-Africa airline
United Parcel Service is to launch a Tunisia-based pan-African airline from 12 January, according to local press reports. The US-based integrator has partnered with local Tunisian freight firm Express Logistic to set up Express Air Cargo (Enfidha). It plans to develop services between Enfidha airport – about midway between Tunis ...
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Brussels gives green light to FedEx-TNT deal
FedEx and TNT Express say that the European Commission will not object to their planned merger, ahead of the expiry of a deadline on 23 October. The announcement clears a significant hurdle for the deal. Although clearance from competition authorities in other countries is still needed, the European Commission’s assent ...
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Solar-powered car takes flight with TNT
TNT transported a solar-powered car called Stella Lux from the Netherlands to Australia. The four-seat prototype will compete at the World Solar Challenge (18-25 October), a 3,000km race between Darwin and Adelaide.The Netherlands-based express operator said: “TNT shipped the car from Eindhoven to Liege, Belgium, then flew it to Singapore ...
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Detroit debut for DHL freighter
DHL has announced a new daily Boeing 767-200 freighter flight for Detroit Metropolitan Airport that upgrades the service for US importers and exporters based in Michigan.The flight enables the express parcel and logistics operator to provide earlier delivery times and later pick-up times by one hour on average.The freighter operates ...
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Lange joins FedEx forwarding arm
FedEx Trade Networks, the freight forwarding and customs brokerage arm of the US parcels giant, has appointed Udo Lange as executive vice president and chief operating officer.Dr Lange is responsible for overseeing all global air and ocean freight forwarding and customs brokerage operations for the company.Lange has more than 20 ...
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Economic volatility rocks TNT's Q3
Europe-based parcel and logistics operator TNT said that “economic volatility” in Brazil, China and Australia weighed on the takeover target’s third quarter performance.TNT, which is the subject of a $4.8bn takeover bid by US parcels giant FedEx, said in its latest trading update that the management team “remains focused” on ...
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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 ...