User-agent: Mediapartners-Google* Disallow: Trucks World News
Google
 
Loading

Mar 18, 2017

AMAZON: NEW PLAYER in Transport & Logistic Worldwide * USA

* Washington - Amazon plans Air Cargo Service for Chinese customers


--- Amazon.com Inc. has developed a business to handle shipments for its sellers by land and by sea -- and soon by air... The Seattle-based retail giant is planning to offer its sellers in China the ability to fly their goods internationally as air cargo, according to an Amazon Logistics site... The move is an expansion of Amazon's growing business as a global freight forwarder and third-party logistics company, putting it more directly in competition with companies like United Parcel Service Inc. and Deutsche Post AG's DHL. In recent months, Amazon began handling the shipment of goods by ocean to its U.S. warehouses from Chinese merchants selling on its site, taking on a role it had previously left to global freight-transportation companies...
(Photo: Amazon's Prime Air Cargo Jets Set to Take Off)  --   Seattle, WASH, USA - The Morning Star, by Laura Stevens and Erica E. Phillips - 15 March 2017

Labels: , ,

posted by Unknown @ 6:32 AM  0 comments

UPS's NATURAL GAS TRUCKS * USA: Alternative fuels for

* Georgia - UPS to invest another $90m in natural gas fleet and their infrastructure 
--- The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas (LNG) vehicles to its alternative fuel fleet... UPS Inc. is investing another $90 million in vehicles that run on natural gas and the infrastructure to support them, the company said in a statement... The six new CNG stations will be built in Ontario, Calif.; Orlando, Fla.; Salina, Kan.; Louisville, Ky.; Greensboro, N.C; and Vancouver, B.C. ... UPS also purchased 50 additional LNG vehicles that were deployed in Indianapolis; Chicago; Earth City, Mo.; and Nashville, Tenn., where UPS has existing LNG stations... 
(Photo source, by Lukassek / Shutterstock: United Parcel Service emblem printed on a truck) -- Atlanta, GA, USA - Americqan Shiper, by BEN MEYER - MARCH 15, 2017

Labels: , , ,

posted by Unknown @ 6:14 AM  0 comments

Mar 16, 2017

USP & TNT Merger * Europe - Court says the European Commission infringed on UPS’s right of defense

* Belgium - Merger in 2013 on procedural missteps

--- The European Union’s second-highest court on Tuesday annulled a 2013 decision by the bloc’s antitrust watchdog to block United Parcel Service Inc.’s $7 billion bid for Dutch parcel-delivery company TNT Express NV on the basis of procedural missteps by the regulator... The general court of the EU said the European Commission had made “non-negligible changes” to the economic analyses previously discussed with UPS but didn’t... American UPS agreed to buy Dutch delivery group TNT Express for €5bn in 2012. After an in-depth probe, then-Competition Commissioner, Joaquín Almunia, blocked the merger in January 2013, citing concerns the deal would have ‘drastically reduced choice’ and likely increase prices for small-parcel delivery in the EU... But the General Court of the EU has now found that the European Commission “infringed UPS’ rights of defence” by basing its final decision on an econometric analysis that had changed from the one discussed with UPS during the process... It is unusual for the bloc's top courts to overturn decisions by the bloc's executive, the European Commission. However, in antitrust cases, the court generally overturns commission decisions primarily on the basis of procedural irregularities... 
(Photo)  --  Brussels, Belgium - The Financial Times (UK), by NATALIA DROZDIAK - March 7, 2017

Labels: ,

posted by Unknown @ 3:52 PM  0 comments

Mar 13, 2017

COURIERS' WAR * USA

* DC - How reforms could turn U.S. Postal Service into threat for UPS and FedEx

--- The chronically beleaguered U.S. Postal Service may be headed for a refresh, courtesy of major reforms proposed in Congress... But UPS and FedEx might not like the reformed agency that will ultimately emerge from the process... A Morgan Stanley report this month suggests that a streamlined, flexible USPS could pose a threat to the two private logistics behemoths, particularly in e-commerce delivery services... David G. Ross, an analyst with Stifel Financial Corp., is skeptical that such government efforts will significantly shake up the industry pecking order. USPS leads the business-to-consumer delivery market by a wide margin, often partnering with FedEx SmartPost and UPS SurePost. Meanwhile, FedEx and UPS hold the advantage in sortation and last-mile delivery, he said... FedEx and UPS also invest billions of dollars annually into new, expanded and automated facilities that can accommodate growing demand for e-commerce delivery, Ross said. The companies also pour funds into improvements to their delivery services, networks and customer service... 
(Photo: Flickr - A USPS postal delivery van parked in Colorado)   -- Washington, DC, USA - Trucks.com, by TIFFANY HSU - March 6, 2017

Labels: ,

posted by Unknown @ 6:20 PM  0 comments

Feb 9, 2017

FED-EX news * USA: Launches e-commerce solution

* New Mexico - FedEx Fulfillment, a e-commerce solution
--- A subsidiary of FedEx Corp. today announced the launch of FedEx Fulfillment, a e-commerce solution for small and medium-sized businesses... FedEx Fulfillment, created by third-party logistics provider FedEx Supply Chain (formerly GENCO), will help businesses fulfill e-commerce orders, as well as manage inventory for retail stores... Using FedEx Fulfillment, customers will have an easy way to track items, manage inventory and analyze trends. It will also have one of the industry’s latest same-day fulfillment cut-off times, two-day ground shipping to the majority of the U.S. population, and the capability for hassle-free returns... FedEx Supply Chain provides businesses with a comprehensive suite of integrated logistics solutions, including warehousing, distribution, transportation, e-commerce fulfillment and reverse logistics... 
Albuquerque, NM, USA - Bizjournal - Feb 7, 2017


* Tennessee - FedEx bets on automation as it prepares to fend off Uber and Amazon

--- When it absolutely, positively has to be there overnight, your FedEx package might someday be delivered by a robot... The shipping giant is investing in autonomous trucks, and is interested in delivery robots and an Alexa app... Rob Carter, is responsible for setting the technology agenda across FedEx’s various operating companies, including its planes-and-trucks Express shipping service and office-and-home Ground delivery service, which operate in 220 countries... The investments FedEx makes in these technologies could shape the multi-trillion-dollar logistics market, affecting everything from the way people send and receive parcels to the global movement of large fleets of vehicles... By eliminating the tedium of filling out forms and searching through menus, the app could streamline the shipping process and boost customer satisfaction. It is still in an early development stage... FedEx is also researching ways it could further automate the way it transports packages... 
Memphis, TENN, USA - Technology Review, by Elizabeth Woyke - February 3, 2017

Labels: ,

posted by Unknown @ 12:10 PM  0 comments

UPS DRIVERS * USA: "Why don’t we all avoid turning left?"

* New York - UPS drivers don’t turn left—and it saves them 10 million gallons of gas a year

  (Video from GeoBeats News - Apr 10, 2014 - While an individual person may not save much by only making right turns, a huge corporation like UPS has proven since 2004 how avoiding left turns in its trucks can significantly increase its bottomline while) 

--- UPS delivery vans don’t always take the shortest route between stops. The company gives each driver a specific route to follow and that includes a policy that drivers should never turn through oncoming traffic (that’s left in countries where they drive on the right and vice versa) unless absolutely necessary. This means that routes are sometimes longer than they have to be. So, why do they do it? ... UPS have designed their vehicle routing software to eliminate as many left-hand turns as possible (in countries with right-hand traffic). Typically, only 10% of the turns are left turns. As a result, the company claims it uses 10 million gallons less fuel, emits 20,000 tonnes (22,000 tons) less carbon dioxide, and delivers 350,000 more packages every year. The efficiency of planning routes with its navigation software this way has even helped the firm cut the number of trucks it uses by 1,100, bringing down the company’s total distance travelled by 28.5 million miles—despite the longer routes... It seems incredible that not turning left can lead to such significant savings... So, if you cannot persuade people, it might be down to governments to encourage or even enforce the strategy. For example, we could plan roads that make it more difficult to turn through the traffic. It would take a brave city planner to implement this, but if UPS can save 10 million gallons of fuel, how much could a whole city or even a whole country save?... ...
 New York, NY, USA - QUARTZ Media, by Graham Kendall: Professor, University of Nottingham - February 04, 2017

Labels: ,

posted by Unknown @ 11:38 AM  0 comments

Feb 3, 2017

COURIERS' HARD WORK * China - University survey: Cause, low-paying and difficulties

* Beijing - For Couriers, China’s e-commerce boom can be a tough road

  (Video from News Live 7/24 - Jan 31, 2017: Ling Lianjun is a critical cog in the world’s largest market for package delivery. China’s e-commerce industry has boomed on the backs of hundreds of thousands of couriers. Follow Mr. Ling on his busy Beijing route) 

 --- Zhang Heng it's one of the legions of package couriers in Beijing who help power China’s online shopping boom. He spoke as he blitzed through a surgical wing, medical storeroom and patient ward delivering parcels small and large, soft and square, to doctors and nurses in an effort to ensure the right person gets the right package... The Chinese e-commerce industry has been built on the backs of couriers — called kuaidi, or express delivery, in China — like Mr. Zhang. They number 1.2 million, by one survey, and online retailers like Alibaba use them to zip packages to customers by scooter or three-wheeled electric cart. Across China, the world’s largest market for package delivery, a courier shouting “kuaidi!” through a door or a phone signals your package has arrived... But for the couriers — who are largely unskilled workers from China’s interior — the work can be low-paying and difficult. It is coming under scrutiny from labor activists and legal experts who say many couriers face punishing hours and harsh working conditions... Nearly one-quarter of them work more than 12 hours a day, seven days a week, according to the survey, which covered 40,000 couriers and was conducted by Beijing Jiaotong University and Alibaba’s research and logistics arms. A majority work more than eight hours a day each day of the week...

(Photo Credit Gilles Sabrié for The New York Times: Couriers by a pile of packages they will deliver in the afternoon. Drivers say they can make 150 deliveries on a weekday)

 ... Labor standards in the industry vary widely, but many couriers work under arrangements that might, for example, provide no overtime pay or no employer contributions to their government health care and pension benefits. Just as in the United States, where Uber drivers and many others work as contractors, those arrangements raise questions about what defines work and employment... Meanwhile, tough conditions have led to unrest among couriers, said Keegan Elmer, a researcher for China Labor Bulletin, a workers’ rights group based in Hong Kong. His group has seen disputes in a number of Chinese cities, he said, along with a rise in strikes as economic growth slows... In December, a weeklong strike brought deliveries by one package company partly owned by Alibaba, YTO Express, to a halt in Baoji, a city in Shaanxi Province... A spokeswoman for YTO Express said the strike was caused by a franchisee who did not promptly calculate fees or properly communicate with couriers... 
Beijing, China - THE DAILY 360 By SARAH LI, RYAN MCMORROW, VEDA SHASTRI and SAMANTHA QUICK - JAN. 31, 2017

Labels: , , ,

posted by Unknown @ 7:12 AM  0 comments

III - COURIERS & RETAILERS' WAR * USA: UPS stock suffers biggest drop in 2 years

* Georgia - As e-commerce surge is still causing problems
--- Profit and revenue miss expectations, as a bigger-than-expected surge in e-commerce sales came at a cost... Shares of United Parcel Service suffered Tuesday their biggest one-day selloff in two years, as disappointing fourth-quarter results suggest the package-delivery giant was still having trouble adapting to the surge in online holiday shopping... The results were also a stark reminder that not all business is good business... E-commerce business increased sharply during the peak holiday season, as many expected it would, but by a lot more than UPS had anticipated. Chief Financial Officer Richard Peretz said that the normal percentage of business-to-consumer (B2C) revenue to total revenue is 55%, and that spiked to 63% in December, marking the biggest swing in 10 years... While that might seem like a good problem to have, that B2C business is a lower-revenue, narrower-margin business, so it came at a cost to the company. Peretz said roughly two-thirds to three-quarters of the earnings miss was a result of this big change in product mix... Basically, UPS is still having issues adapting to the rapid ramp in its e-commerce business...
Sandy Springs, GA, USA - Marketwatch, by TOMI KILGORE - Feb 1, 2017

Labels: , , ,

posted by Unknown @ 6:37 AM  0 comments

II - COURIERS & RETAILERS' WAR * USA: Wal-Mart to scrap its Amazon prime rival

* Arkansas - Wal-Mart abandoning effort to create a rival to Amazon.com Inc.'s membership program
--- The service, called ShippingPass, was introduced almost two years ago and offered free two-day shipping for customers that paid the $49 annual membership fee. Instead, Wal-Mart will offer free shipping on more items it sells online and lower the minimum purchase required for free shipping on all orders to $35, from $50... Wal-Mart declined to say how many people had signed up for ShippingPass, which was similar to Amazon's $99 Prime program... Under the change Tuesday, Wal-Mart plans to offer free two-day shipping on about 2 million products on Walmart.com. The site sells about 30 million items, mostly from third-party sellers... Wal-Mart has spent billions boosting e-commerce sales and speeding up deliveries of online orders. Last September, Wal-Mart bought Mr. Lore's company Jet.com Inc. for $3.3 billion, placing him at the head of e-commerce operations... Now Wal-Mart is able to ship millions of products to any house in the U.S. in two days, Wal-Mart's e-commerce chief Marc Lore said... 
 (Photo:)   --  Bentonville, ARK, USA - The Morning Star, by Sarah Nassauer - 31 JAN 2017

Labels: , , ,

posted by Unknown @ 6:15 AM  0 comments

I - COURIERS & RETAILERS' WAR * USA: Amazon.com plans first air cargo hub

* Oregon - Retailer expects facility at Cincinnati/Northern Kentucky Airport


--- Amazon.com Inc. said Tuesday it plans to build its first air cargo hub to accommodate its growing fleet of planes, signaling the company is ramping up its expansion into transporting, sorting and delivering its own packages... The Seattle-based retailer said it expects the new air hub, located at Cincinnati/Northern Kentucky Airport in Hebron, Ky., to create more than 2,000 jobs. The move will lessen its dependence on traditional carriers, including United Parcel Service Inc. and FedEx Corp., both of whose largest hubs are nearby... Last year, Amazon said it was planning to lease 40 cargo planes, 16 of which are currently in its fleet. It also brought on a dedicated network of 4,000 semi trailers to increase trucking capacity and has a fleet of citizen courier Flex drivers making deliveries in major metro areas... Amazon’s goal is to eventually haul and deliver packages for itself as well as other retailers and consumers—making it a direct competitor with UPS and FedEx, according to people familiar with the matter. The air cargo hub follows Amazon’s recent ocean debut, handling shipment of goods by ocean to its U.S. warehouses from Chinese merchants selling on its site, taking on a role it previously left to global freight-transportation companies... It appears—for now—Amazon is more concerned with shoring up its own volume to ensure it has enough capacity during busy times like the holidays than competing with the carriers, analysts said... Amazon’s airport location choice means it will be neighbors with Deutsche Post AG’s DHL, a major provider of international shipments to the e-commerce giant. DHL also has a big hub at the Cincinnati airport. That could facilitate transferring shipments between planes and further lessen Amazon’s dependence on UPS and FedEx... 
(Photo by GREAVES/REUTERS: FRED Workers prepare orders for customers at an Amazon fulfillment center in Tracy, Calif., in 2015)   --  Seattle, ORE, USA - The WSJ, by LAURA STEVENS - Feb. 1, 2017

Labels: , , ,

posted by Unknown @ 5:56 AM  0 comments

Dec 8, 2016

AMAZON LOCKERS * USA: The troubles

* California - Here’s the problem with those Amazon lockers

--- Amazon.com lockers started showing up en masse at Sacramento-area retail sites this fall, allowing online shoppers to retrieve Amazon orders in a secure setting and thwart would-be package thieves... But as some Amazon users have discovered, the high volume of holiday packages sometimes means the bright yellow lockers are full, leaving shoppers to opt for sending packages home or elsewhere... Amazon has touted the lockers as a more secure way to make deliveries, with no packages sitting unattended on front porches, a temptation for roaming thieves, also known as “porch pirates” ... Even so, in September, Amazon officials privately conceded that the number of online orders might exceed the available space in lockers during the holiday season, a situation the company said it planned to monitor... 
 (Photo by Mark Glover/SacBee.com - Amazon.com lockers, which are now at many Sacramento-area retail sites, allow online shoppers to retrieve their orders in a secure setting and thwart would-be porch package thieves. This one is at a Sacramento Safeway)   --   Sacramento, CAL, USA - The Sacramento Bee, by Mark Glover - DEC 4, 2016

Labels: ,

posted by Unknown @ 4:47 PM  0 comments

Dec 1, 2016

FEDEX news * Canada. E-shopping is the new normal ?

* Ontario - FedEx survey says? E-commerce has transformed the way Canadians shop

--- A full 68% of respondents to a recent survey agree that it is the fastest and most efficient way to shop for gifts during the holiday season. The survey of 1,522 Canadians also found that 69% of respondents believe online shopping offers a better selection of gifts... Findings from the fifth annual Online Shopping Intentions Survey commissioned by FedEx Express Canada suggest that the rise of e-commerce has changed Canada’s approach to gift-giving, showing a 16% increase in the number of respondents planning to shop online this year over those who said they did in 2014... With 61% of respondents planning to shop online this holiday season and 14% indicating that they are planning to shop online for the first time, consumers are doing more of their holiday shopping on the web, which can be attributed to convenience factors including the ability to compare prices and ship directly to their home... FedEx has been working closely with its customers to ensure the global network is prepared for the influx of volume expected between Black Friday (November 25) and December 24. These measures include:  
 ° The addition of over 30 new aircraft to the global FedEx Express fleet 
 ° The addition of approximately 50,000 seasonal positions to a global team of 400,000 people 
 ° The assistance of the FedEx Weather Meteorology Team, which includes 15 dedicated meteorologists, one of the largest in-house meteorology departments in the express cargo industry...
 Mississauga, ONT, CAN - Today's Trucking -Nov 24, 2016

Labels: ,

posted by Unknown @ 6:18 AM  0 comments

News in UPS * USA: ‘Autonomous Everything’: The evolution of business and IT at the company

* Georgia -  UPS is researching ways that autonomous vehicles could aid in delivering packages


--- UPS, which has spent $1 billion annually on technology. maintains its own drivers and fleet, faces a host of new challengers and the rise of high-volume, low-margin business tied to e-commerce. It relies on technology to make itself more competitive... Toward that end UPS will deploy and research a range of emerging technologies, including autonomous trucks, virtual assistants and drones, according to Juan Perez, named chief information officer of United Parcel Service Inc. His vision is “autonomous everything,” he said, “The face of UPS are the UPS drivers” ... For years, Mr. Perez has been researching ways to leverage technology to benefit drivers. In 2010, he helped develop a computer platform that uses algorithms designed to make delivery routes more efficient, named the On-Road Integrated Optimization and Navigation (Orion) system... The company is researching ways that autonomous vehicles could aid in delivering packages. Vehicles that are capable of automatically making safe and informed decisions during inclement weather and traffic hazards, without human intervention, could usher in a new era of safety in the delivery of packages to customers, he said... As of 2015, each UPS driver made an average of 120 stops per day and there are countless ways to order those stops after considering variables such as special delivery times, road regulations, and the existence of private roads that don’t appear on a map... The 1,000 page Orion algorithm calculates the most efficient path for delivery and today, it optimizes those delivery routes once a day. Under Mr. Perez’s leadership, UPS is currently working on the third iteration of Orion, which optimizes drivers’ routes as they complete each delivery... UPS has said it expects Orion to save the company $300 million to $400 million a year once it is fully deployed to more than 55,000 drivers in 2017. The effort will also help reduce 100 million miles of on-road driving annually and 100,000 metric tons of carbon emissions, according to the company... 
(Image: UPS' proprietary routing software ORION / On-Road Integrated Optimization and Navigation)   --  Atlanta , GA, USA - The WSJ, by SARA CASTELLANOS - Nov 29, 2016

Labels: ,

posted by Unknown @ 6:02 AM  0 comments

Nov 17, 2016

U.S. Postal Service * USA: Loss widens as higher costs offset revenue growth

* DC - Growth in shipping, package volume led to higher spending

--- The U.S. Postal Service reported a wider loss for the fiscal year ended Sept. 30 as growth in shipping and package volume boosted revenue but also led to higher spending... USPS has been competing for share in the growing market for package delivery spurred by an increase in e-commerce against shipping giants UPS and Federal Express, which also have been hit by higher costs... USPS said its total revenue improved by 3.8% to $71.43 billion. However, excluding a boost from a change in USPS’s accounting estimates for consumer usage of “forever” stamps, the growth was 2.3%... 
(Photo by Ron Antonelli/Bloomberg News - The United States Postal Service reported a wider loss on Tuesday for the fiscal year ended Sept. 30 as growth in shipping and package volume boosted revenue but also led to higher spending) -- The WSJ, by TESS STYNES - Nov. 15, 2016

Labels: ,

posted by Unknown @ 4:42 AM  0 comments

Nov 16, 2016

EXPRESS DELIVERY * China - Steady growth

* Beijing - China's courier businesses' revenue was over U$S 44.6 billion in the first ten months of 2016

--- China's courier sector posted steady growth for the first ten months of the year thanks to continued efforts to boost consumption and services, the State Post Bureau (SPB) said on Monday... Courier businesses' revenue was over 308 billion yuan (about 44.6 billion U.S. dollars) in the first ten months of 2016, up 44.5 percent year on year, the bureau said... A total of 24.1 billion deliveries were made during the same period, up 54.2 percent year on year, the bureau said... According to the SPB data, 20.65 billion parcels were delivered in 2015, up 48 percent from 2014... Courier services covered 70 percent of towns and villages by the end of 2015. The country has plans to extend this network farther, and improve technology, services and international connections by 2020, according to the SPB... The target annual revenue of the courier sector will be 800 billion yuan by 2020, according to a policy document released by the State Council last October... 
(Photo: China Post, logistic base)  --  Beijing, China - Xinhua, by Yang Guang - 14 Nov 2016

Labels: ,

posted by Unknown @ 5:33 AM  0 comments

Nov 11, 2016

DHL news * Germany - Parcel unit beat expectations

* Berlin - Deutsche Post invests in network as parcel deliveries drive profits

--- Deutsche Post DHL said it would continue to invest in its European parcel delivery network and in new ways of getting packages to online shoppers, after the parcels unit helped it beat expectations for third-quarter profit... Like other European postal groups, Deutsche Post is expanding its parcels business to cope with declining letter volumes and to stay ahead of new rivals in the lucrative parcel delivery market... The move by major customer Amazon.com to carry out more of its own parcel deliveries is seen as a threat to Deutsche Post DHL, Europe's biggest postal group. However, the German company has shrugged it off, saying no single customer accounts for more than 2 percent of total group revenues... The group is instead investing in expanding its delivery network further, setting up a Europe-wide parcel delivery network. It is buying Britain's UK Mail for 243 million pounds ($316 million), and plans to enter the market in Spain and Portugal next year... 
(Photo: DHL Van + Truck Singapore)  --  Berlin, Germany - Reuters, by Victoria Bryan - Nov 8, 2016

Labels: ,

posted by Unknown @ 6:43 AM  0 comments

Oct 31, 2016

AMAZON's ONWN LOGISTICS NETWORK * U. S. Postal Service

* Washington - Amazon’s shipping costs likely to surge with holiday orders 

 --- Amazon.com Inc.’s shipping costs are likely to spiral higher in the fourth quarter because of the combination of more expensive fast shipping and greater holiday-related volumes... The online-retail firm has been rolling out free deliveries in as fast as an hour to its Prime members, most of whom pay a $99 annual fee. But Amazon said on Thursday that the faster deliveries are costing it a lot of money—and as online orders surge during the holidays, its shipping costs could top the $3.9 billion it spent in the third quarter... Amazon’s stock was trading down more than 5% Friday after the company reported increased spending on shipping, opening warehouses and other investments, and disappointed on its outlook for the fourth quarter. Its wide guidance range on operating income—forecast between zero and $1.25 billion—prompted concerns about its spending. Its shipping costs jumped 43% in the third quarter, Amazon said Thursday...
 (Photo by TED S. WARREN/AP - Amazon.com Inc. boxes are stacked in an airplane hangar in Seattle. As the online-retail firm rolls out more fast, free deliveries, its fourth-quarter shipping costs are likely to increase significantly)   -- ‎ Seattle, WASH, USA - The WSJ, by LAURA STEVENS - Oct. 28, 2016

Labels: ,

posted by Unknown @ 3:37 PM  0 comments

Oct 18, 2016

ZTO Express * China: Set for biggest USA IPO this year

* Shanghai - Delivery firm set to raise up to $1.3 billion in biggest IPO by Chinese company in the U.S. A.
--- A logistics company tied to China’s booming online-shopping industry is set to raise up to $1.3 billion in what could be the biggest U.S. initial public offering this year... ZTO Express, which delivers parcels for businesses including Chinese e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc., said late Friday it will sell 72.1 million shares at $16.50 to $18.50 each... Founded in 2009 by a 15-year veteran of China’s logistics industry, ZTO operates a fleet of more than 3,300 trucks that deliver across China. Its main business is delivering parcels for Alibaba, which accounted for 75% of its business during the first half of this year. ZTO’s backers include Hillhouse Capital Group and Warburg Pincus LLC. ... 
(Photo: Reuters - Workers listen to instructions at a ZTO Express sorting centre in Beijing, China, in November 2015)   --  Shanghai, China - The WSJ, by ALEC MACFARLANE - Oct. 16, 2016

Labels: ,

posted by Unknown @ 5:08 AM  0 comments

Oct 15, 2016

UPS news * USA: Expands morning package-delivery service

* Georgia - UPS: To add an additional 28 countries to the 8 a.m. delivery service

--- UPS Inc. will expand its morning package-delivery service to 28 new countries and expand the urgent-shipping offering to additional ZIP codes in many others, the supply chain giant announced today... Atlanta-based UPS is targeting this Worldwide Express Plus service for businesses in the industrial manufacturing, automotive, healthcare, and retail industries that often need to make urgent shipments. A package shipped by Express Plus service is guaranteed for delivery on the next business day as early as 8 a.m., depending on the destination... The service had previously been available in 28 countries, and UPS will now add an additional 28 countries, including Turkey, Mexico, Vietnam, and United Arab Emirates. The company will also expand the range of Express Plus delivery in most of the original regions, adding 3,000 more postal codes in the U.K. and 2,000 more codes in Canada... 
Atlanta, GA, USA - DC Velocity - October 12, 2016

Labels: ,

posted by Unknown @ 5:35 AM  0 comments

Oct 10, 2016

China Post Group Corporation * China: Profits, increase of 12.6 percent

* Beijing - China Post delivers top profits for 2nd straight year

--- China's state-owned mail service operator has outperformed its global counterparts in profits for two years in a row... The China Post Group Corporation raked in over 32 billion yuan (4.8 billion U.S. dollars) in profits in 2015 with a year-on-year increase of 12.6 percent... Its revenues gained 8.1 percent to reach 437.6 billion yuan, second in the world... China is home to the world's fastest growing postal market, with postal and delivery services leading the growth in the service sector, said Ma Junsheng, head of the State Post Bureau... China has achieved solid progress in re-balancing its economic structure from manufacturing and investment to services and consumption, with the service sector growing 7.5 percent in the first half of the year, accounting for 54.1 percent of the overall economy... 
(Photo: China Post's delivery trucks) -- Beijing, China - Xinhua - 9 Oct 2016

Labels: ,

posted by Unknown @ 5:09 PM  0 comments