Air Freight & Courier Services

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VEI Capital to launch takeover bid for Mid Industry Capital

Thursday, 21 May 2015 08:00pm EDT

Mid Industry Capital SpA:VEI Capital, controlled by Palladio Finanziaria, to launch public tender offer for Mid Industry Capital at 6.5 euros per share plus right to extra cash payment extra cash payment in Mid Industry takeover bid could be 0.92 euros per share.Offer is not aimed at delisting Mid Industry.

Eimskipafelag Islands maintains FY 2015 EBITDA guidance; pursues dual listing

Thursday, 21 May 2015 12:48am EDT

Eimskipafelag Islands hf:Says EBITDA forecast for the year FY 2015 is unchanged, in the range of 39 million to 44 million euros.Says is still considering its position regarding the building of the new vessel Bakkafoss which is not proceeding on schedule.Says further delay is expected and final decision on the issue will be made before the end of August.Says still continue to pursue a dual listing of its shares outside Iceland and has obtained approvals from the Central Bank of Iceland.

United Parcel Service Inc to pay $25 mln to settle some allegations over delivery times - Reuters

Tuesday, 19 May 2015 03:54pm EDT

United Parcel Service Inc:Says it has agreed to pay $25 million to settle some allegations that it submitted false claims to the U.S. government in an attempt to hide late deliveries, according to court documents unsealed and released by the U.S. Department of Justice - Reuters.United Parcel Service Inc, known as UPS, allegedly hid the fact that it was late to deliver packages, keeping customers from being eligible for refunds, according to the documents.A former employee of UPS, Robert Fulk, was a whistleblower in the suit who alleged UPS knowingly recorded inaccurate delivery times from 2004 to 2014 on packages guaranteed for next-day delivery, the department said.UPS also wrote down codes such as 'security delay' and 'customer not in' that were false, it added.Julie Grohovsky, of law firm Wu, Grohovsky and Whipple that represented Fulk, said her client was brushed off when he questioned his manager about the false reports on late deliveries.Fulk left the company before he filed the lawsuit.The federal government as well as nineteen states, the District of Columbia and the cities of Chicago and New York were also plaintiffs in the suit.The $25 million payment from UPS covers its settlement with the federal government and the state of New Jersey.Litigation continues between UPS and the remaining states and cities, according to Wu, Grohovsky and Whipple.

LOGINET JAPAN amends consolidated full-year outlook for FY 2015

Wednesday, 13 May 2015 03:50am EDT

LOGINET JAPAN CO LTD:Says the company amended the consolidated full-year outlook for the FY ended March 2015.Revenue forecast increased to 53,413 million yen from 53,000 million yen.Operating profit forecast increased to 862 million yen from 850 million yen.Ordinary profit forecast increased to 902 million yen from 800 million yen.Net profit forecast decreased to a loss of 157 million yen from 620 million yen.Earnings per share decreased to a loss of 12.86 yen from 50.77 yen.Comments that impairment loss of fixed assets is the main reason for the forecast.

Deutsche Post confirms FY 2015 and FY 2016 EBIT outlook

Tuesday, 12 May 2015 01:00am EDT

Deutsche Post AG:Operating profit is projected to increase to between 3.05 billion euros to 3.2 billion euros in FY 2015.Reconfirms its forecast of a rise in EBIT to between 3.4 billion euros and 3.7 billion euros in FY 2016.FY 2015 EBIT estimate 3.2 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT estimate 3.6 million euros - Thomson Reuters I/B/E/S.

Okayamaken Freight Transportation to issue year-end dividend for FY 2015

Friday, 8 May 2015 02:00am EDT

Okayamaken Freight Transportation CO LTD:To issue a year-end dividend of 5 yen per share to all the shareholders of record as of March 31, for the fiscal year ended March 2015.Payment date June 29.Says the dividend is above latest forecast of 4 yen per share.

Oesterreichische Post confirms FY 2015 outlook

Thursday, 7 May 2015 01:31am EDT

Oesterreichische Post AG:Outlook for 2015 confirmed.Aim to achieve FY 2015 revenue growth of 1 pct -2 pct.Targeted EBITDA margin of around 12 pct and further EBIT improvement in FY 2015.FY 2014 revenue 2,371 million euros.FY 2014 EBIT 197.00 million euros.FY 2015 revenue estimate 2,409 million euros - Thomson Reuters I/B/E/S.FY 2015 EBITDA margin estimate 12.7 pct.FY 2015 EBIT estimate 215.74 million euros - Thomson Reuters I/B/E/S.

GKE Corporation Ltd announces completion of proposed disposal

Wednesday, 6 May 2015 06:54am EDT

GKE Corporation Ltd:Says completion of proposed disposal of 60 pct equity interest in a joint venture entity – GKE Air Logistics Pte. LTD.Refers to the Announcement, and is pleased to announce that GKE Freight Pte. Ltd. (GKEF), a wholly-owned subsidiary of the Company has completed the Proposed Disposal.

PostNL confirms FY 2015 financial guidance

Wednesday, 6 May 2015 01:00am EDT

PostNL NV:Confirms target of FY 2015 underlying cash operating income between 280 million euros and 320 million euros.Continues to expect the second half year to be stronger than FY 2014.

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