TNT Express slumped to a 137 million euros [US $156 million] net loss in the fourth quarter of 2014 from a 32 million euros profit in the same period in 2013, driven mainly by restructuring charges tied to an abortive takeover bid by its larger rival, UPS, two years ago.
The latest news from the parcel and package industry, covering major parcel shippers, demand, economics and more.
News & Analysis
03 Feb 2015
FedEx’s growing freight forwarding and customs brokerage arm is expanding its services connecting to Latin Amer
03 Feb 2015
Nippon Express Co., Japan’s top international freight forwarder, posted a big jump in group net profit in the first three quarters of fiscal 2014, as revenue from overseas operations grew robustly, helped by a weaker yen.
31 Jan 2015
Blue Dart Express, India’s leading air express and logistics service provider, reported a 19 percent rise in net income to Rs. 27.13 crore (US $4.4 million) for its third quarter, which ended Dec. 31.
23 Jan 2015
Blue Dart Express is denying that its parent DHL Express Singapore Pte. Ltd. is negotiating to sell its holdings in the Indian subsidiary to U.S. e-commerce giant Amazon.
12 Jan 2015
Larger international shippers increasingly use UPS's expedited freight service as a strategic "cushion" or aid in supply chain planning, as well as for urgent shipments.
09 Jan 2015
UPS expects to handle 4 million returned gifts in the first week of January, a number that grows each year as consumers turn e-commerce into a two-way pipeline.
07 Jan 2015
UPS is expanding its Worldwide Express Freight service, adding new origin and destination points for palletized
31 Dec 2014
After two years of preparations, Nippon Express Co. has set up a subsidiary in Myanmar, formerly called Burma, joining a growing army of Japanese transportation, logistics and other firms aiming to cash in on what is widely seen as Asia’s last frontier market.
23 Dec 2014
The door to China’s domestic courier market is about to be opened a little wider for foreign service providers, as the State Post Bureau prepares to green light Kerry Logistics and Japanese firms Yamato Logistics and OCS (Overseas Courier Service) to operate in the mainland express market.