Air Freight & Courier Services

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United Parcel Service Inc elected David P. Abney as Chief Executive Officer and Chairman; declares dividend

Wednesday, 10 Feb 2016 04:15pm EST

United Parcel Service Inc:Unanimously elected David P. Abney, UPS Chief Executive Officer, as Chairman of the Board, effective immediately.Abney succeeds Scott Davis as Chairman, who will retire from his position on the UPS Board effective as of the 2016 Annual Meeting of Shareowners.Declared a regular quarterly dividend of $0.78 per share on all outstanding Class A and Class B shares.The dividend is payable March 9, 2016, to shareowners of record on February 22, 2016.

Kintetsu World Express lowers consolidated full-year outlook for FY 2016

Monday, 8 Feb 2016 01:00am EST

Kintetsu World Express inc:Says the company lowered the consolidated full-year outlook for revenue to 420,000 mln yen from 450,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 15,000 mln yen from 18,000 mln yen.Confirms the ordinary profit forecast at 17,500 mln yen.Sees a decrease of net profit forecast to 10,500 mln yen from 11,700 mln yen.Sees a decrease of earnings per share to 145.84 yen from 162.5 yen.Says the performance in APLL segment and increased general management cost as main reasons for the forecast.

Lagardere Travel Retail sells press distribution businesses in Belgium to bpost

Friday, 5 Feb 2016 02:00am EST

Lagardere SCA:Lagardere Travel Retail sells its press distribution businesses in Belgium.‍Announces it has signed an agreement to sell its Belgium distribution subsidiary to Bpost group​.‍Businesses covered by this divestment project generated consolidated revenues of about 440 million euros in 2014.

TNT Express ‍Signs conditional sale agreement with ASL Aviation Group

Thursday, 4 Feb 2016 07:00pm EST

TNT Express NV:‍Signs conditional sale agreement with ASL Aviation Group for airline operations.Agreement to sell its airline operations TNT Airways and Pan Air Lineas Aereas to ASL Aviation Group, conditional on the completion of FedEx’s intended acquisition of TNT, which is expected in the first half of 2016​.As part of deal, ASL Aviation Group will take over the flights operated by TNT Airways and Pan Air Lineas Aereas.TNT’s Liege hub (Eurohub) is not part of the airlines sale‍​.Details of the transaction will not be disclosed‍​.

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