At Supply Chain Asia Logistics Awards 2009 BANGKOK, November 19, 2009 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has won the Air Cargo Carrier Of The Year award at the eighth annual Supply Chain Asia Logistics Awards.
“This award is a testament to our continuous efforts in innovation, in supporting businesses in this region and our dedication to make every FedEx experience outstanding for our customers,” said David L. Cunningham Jr., president, FedEx Asia Pacific.
Organised by Supply Chain Asia magazine, winners of the awards were selected through a two-part judging process that included customers and a panel of industry experts from the regional and global supply chain and logistics industry.
Held last evening at the Raffles Town Club, the awards represent the industry’s recognition of air cargo carriers based on criteria such as the size and span of network, reliability of guaranteed services, IT know-how and systems, level of customer service, the carrier’s ability to handle specialised cargo, approach to security and risk management and approach to sustainability and other CSR issues.
PHOTO: Hardiansjah Rizal, Senior Manager, Operations, FedEx Express Singapore (right) receiving the Supply Chain Asia award for Best Air Cargo Carrier Of The Year 2009 from Wolfgang Hollermann, CEO of Agility Asia Pacific.
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
NOTE TO EDITORS: FedEx press releases are available on the World Wide Web at http://news.fedex.com.
Friday, November 20, 2009
Thursday, November 12, 2009
Triple i reports robust air-freight growth
The Triple i Logistics Group, a light-asset based integrated logistics service provider, expects robust 30-per-cent growth in its freight business this year, bringing its total revenue for 2009 to Bt1.1 billion, or the same as last year.
"Focused more clearly on wholesale customers, we recorded a 21-per-cent jump in air-transport business in the first nine months, against a 30-per-cent drop in overall freight rates," said chief financial officer Viraj Nobnomtham.
The group now manages average air-freight volumes of 1,000 tonnes a month, up from 400 tonnes last year, and expects its air-freight volumes to grow to more than 1,500 tonnes a month next year, he said.
The group's revenue contribution from air freight this year has been 48 per cent, up from 38 per cent last year; sea freight, 41 per cent, down from 51 per cent; and logistics, 11 per cent, even with last year.
For sea freight and logistics, the group performed better than the overall market in the first nine months of the year. Its sea freight volumes dropped 30 per cent year on year to a value of Bt311 million, while overall freight rates fell 40 per cent.
In its logistics service, the group recorded a 1-per-cent year-on-year drop to Bt88 million in the first nine months.
Viraj said the group was continually adjusting its business to react to global changes, enabling its performance to beat the industry average. In the first nine months, the value of Thailand's trade abroad fell. Exports and imports recorded negative growth of minus 23 per cent and minus 35 per cent, respectively.
"Luckily for us, due to the expansion of Thai AirAsia's routes to many destinations in China, we have grown despite those conditions," he said.
CEO Tipp Dalal said the group had adjusted its business plan in response to an expected global economic recovery next year by focusing on Asean + 6, especially China, Australia and India, plus Africa, considered to be the world's fastest-growing markets.
He said as well as Thai AirAsia, the Triple i Logistics Group planned to become a general sales agent for cargo with other airlines.
"We are in talks with a few airlines and expect results this year," he said, adding that this would support the group's existing air-freight services.
The group's sea-freight business has been hard hit by the global financial crisis, which resulted in a huge fall in orders placed around the world. This applies especially to the US, one of the world's largest consumers and Thailand's major export market, which has reduced its orders in the past six months, he said.
"However, there are potential markets that have bright prospects next year, involving exports of food, frozen food and printing products and imports of pharmaceuticals and electrical appliances," Tipp said.
Triple i believes both air- and sea-freight rates will rise 15-20 per cent next year, helping its revenue reach Bt1.4 billion. This is because the supply side in air and sea space has been substantially reduced, he said.
"The county's container-freight volumes should recover next year, buoyed by the recovery of the world economy," Tipp said, predicting that the volume should swing back to the same levels as those recorded last year.
For its logistics business, Tipp said the group would focus more on cross-border transport, expecting this to become "a rising star" in the next five years as more trade developed between the Indochinese countries and other Asean members.
"Focused more clearly on wholesale customers, we recorded a 21-per-cent jump in air-transport business in the first nine months, against a 30-per-cent drop in overall freight rates," said chief financial officer Viraj Nobnomtham.
The group now manages average air-freight volumes of 1,000 tonnes a month, up from 400 tonnes last year, and expects its air-freight volumes to grow to more than 1,500 tonnes a month next year, he said.
The group's revenue contribution from air freight this year has been 48 per cent, up from 38 per cent last year; sea freight, 41 per cent, down from 51 per cent; and logistics, 11 per cent, even with last year.
For sea freight and logistics, the group performed better than the overall market in the first nine months of the year. Its sea freight volumes dropped 30 per cent year on year to a value of Bt311 million, while overall freight rates fell 40 per cent.
In its logistics service, the group recorded a 1-per-cent year-on-year drop to Bt88 million in the first nine months.
Viraj said the group was continually adjusting its business to react to global changes, enabling its performance to beat the industry average. In the first nine months, the value of Thailand's trade abroad fell. Exports and imports recorded negative growth of minus 23 per cent and minus 35 per cent, respectively.
"Luckily for us, due to the expansion of Thai AirAsia's routes to many destinations in China, we have grown despite those conditions," he said.
CEO Tipp Dalal said the group had adjusted its business plan in response to an expected global economic recovery next year by focusing on Asean + 6, especially China, Australia and India, plus Africa, considered to be the world's fastest-growing markets.
He said as well as Thai AirAsia, the Triple i Logistics Group planned to become a general sales agent for cargo with other airlines.
"We are in talks with a few airlines and expect results this year," he said, adding that this would support the group's existing air-freight services.
The group's sea-freight business has been hard hit by the global financial crisis, which resulted in a huge fall in orders placed around the world. This applies especially to the US, one of the world's largest consumers and Thailand's major export market, which has reduced its orders in the past six months, he said.
"However, there are potential markets that have bright prospects next year, involving exports of food, frozen food and printing products and imports of pharmaceuticals and electrical appliances," Tipp said.
Triple i believes both air- and sea-freight rates will rise 15-20 per cent next year, helping its revenue reach Bt1.4 billion. This is because the supply side in air and sea space has been substantially reduced, he said.
"The county's container-freight volumes should recover next year, buoyed by the recovery of the world economy," Tipp said, predicting that the volume should swing back to the same levels as those recorded last year.
For its logistics business, Tipp said the group would focus more on cross-border transport, expecting this to become "a rising star" in the next five years as more trade developed between the Indochinese countries and other Asean members.
Wednesday, November 4, 2009
TNT profit dips further
TNT, Europe's second largest mail and delivery company, beat quarterly profit forecasts thanks to cost cuts, and said it saw early signs of recovery at its Express unit, although mail volumes remain weak.
The Dutch logistics company which,like Britain's Royal Mail and Germany's Deutsche Post, has been battling to restructure its domestic mail operations,posted a 14.4% drop in operating profit in the third quarter, its fifth consecutive quarterly slump in earnings. However,the cost cuts meant operating margins stabilised compared with last year.
"In this quarter the trading environment has stabilised further, with some early signs of positive underlying developments," chief executive Peter Bakker said in a statement.
"TNT in the third quarter has delivered clearly better than expected results, primarily thanks to a solid execution of its cost savings plans," Petercam analyst Thijs Berkelder said in a note.
"The first four weeks of the fourth quarter show a trend of improvement in the volumes of its express business,however volumes in its mail division are expected to fall at an increased rate,"TNT said.
The company has been trying for several quarters to improve the profitability of its Express business while attempting to slim down its Dutch mail unit.
Its earnings before interest and tax (EBIT) were 179 million ($263.8 million)on sales of 2.48 billion, down 7.6% yearon -year. Analysts were expecting EBIT of 159 million on revenues of 2.48 billion, according to a Reuters poll.
TNT's main focus is on keeping unions at bay to avoid painful strikes of the kind that have paralysed British peer Royal Mail, while hoping that it has left the recession behind and that the economic recovery is sustainable.
Like many competitors TNT has been struggling to cope with falling consumer demand while coming to terms with the liberalisation of the mail market.
After seeing the operating margin in its Express division drop to 2% in the second quarter from 8.9% a year earlier,TNT posted a margin of 5.1% in the third quarter, on par with a 6% margin a year earlier.
The company achieved this by removing 128 million from its cost base during the quarter.
The Dutch logistics company which,like Britain's Royal Mail and Germany's Deutsche Post, has been battling to restructure its domestic mail operations,posted a 14.4% drop in operating profit in the third quarter, its fifth consecutive quarterly slump in earnings. However,the cost cuts meant operating margins stabilised compared with last year.
"In this quarter the trading environment has stabilised further, with some early signs of positive underlying developments," chief executive Peter Bakker said in a statement.
"TNT in the third quarter has delivered clearly better than expected results, primarily thanks to a solid execution of its cost savings plans," Petercam analyst Thijs Berkelder said in a note.
"The first four weeks of the fourth quarter show a trend of improvement in the volumes of its express business,however volumes in its mail division are expected to fall at an increased rate,"TNT said.
The company has been trying for several quarters to improve the profitability of its Express business while attempting to slim down its Dutch mail unit.
Its earnings before interest and tax (EBIT) were 179 million ($263.8 million)on sales of 2.48 billion, down 7.6% yearon -year. Analysts were expecting EBIT of 159 million on revenues of 2.48 billion, according to a Reuters poll.
TNT's main focus is on keeping unions at bay to avoid painful strikes of the kind that have paralysed British peer Royal Mail, while hoping that it has left the recession behind and that the economic recovery is sustainable.
Like many competitors TNT has been struggling to cope with falling consumer demand while coming to terms with the liberalisation of the mail market.
After seeing the operating margin in its Express division drop to 2% in the second quarter from 8.9% a year earlier,TNT posted a margin of 5.1% in the third quarter, on par with a 6% margin a year earlier.
The company achieved this by removing 128 million from its cost base during the quarter.
Subscribe to:
Posts (Atom)