Edition:
United States

Air Freight & Courier Services

Page 1

Fedex Realigns Specialty Logistics And E-Commerce Solutions

Tuesday, 16 Jan 2018 09:00am EST

Jan 16 (Reuters) - Fedex Corp ::FEDEX REALIGNS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS.FEDEX - REALIGNMENT, BEGINNING MARCH 1, 2018, OF ITS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS IN A NEW STRUCTURE UNDER FEDEX TRADE NETWORKS, INC..FEDEX- FEDEX SUPPLY CHAIN RESULTS,FEDEX CUSTOM CRITICAL RESULTS, WILL BE REPORTED WITH FEDEX TRADE NETWORKS IN FEDEX EXPRESS SEGMENT EFFECTIVE MARCH 1.FEDEX - NEW CO CALLED FEDEX FORWARD DEPOTS WITH RESPONSIBILITY FOR CRITICAL INVENTORY & SERVICE PARTS LOGISTICS, 3-D PRINTING, REPAIR CENTER.

Poznan Court Discontinues Logzact's Rehabilitation Proceedings

Friday, 8 Dec 2017 09:19am EST

Dec 8 (Reuters) - Logzact SA ::COURT IN POZNAN DISCONTINUES CO'S REHABILITATION PROCEEDINGS.

FedEx says Hurricanes Harvey and Irma will negatively impact Q2 2018 results - SEC Filing

Wednesday, 20 Sep 2017 04:37pm EDT

Sept 20 (Reuters) - FedEx Corp :FedEx - While progress has been made on restoration of TNT express operations, TNT express revenues, volumes, profits remain below pre-attack levels‍​.FedEx - Also anticipate effects of Hurricane Harvey and Hurricane Irma will negatively impact second quarter 2018 results - SEC Filing.FedEx Corp says second quarter and full year 2018 results will be negatively affected by TNT express integration and restructuring activities.FedEx - Expect ongoing, but diminishing, financial impacts from cyberattack for remainder of 2018.FedEx - Financial impacts from cyberattack for remainder of 2018 in the form of lower revenues, higher investments related to information technology.

S.F. Holding's H1 profit up, unit to sell stake in logistics firm

Friday, 25 Aug 2017 08:43am EDT

Aug 25 (Reuters) - S.F. Holding Co Ltd <002352.SZ>:Says H1 net profit up 7.5 percent y/y at 1.9 billion yuan ($285.59 million).Says unit plans to sell 15.86 percent stake in Shenzhen logistics firm Feng Chao for 951.8 million yuan.

Poste Italiane CEO says "all options open" on partnership with Anima

Wednesday, 2 Aug 2017 01:20pm EDT

Aug 2 (Reuters) - Poste Italiane: :CEO Matteo Del Fante says "all options are open" when asked about future of partnership with Anima Holding.CFO Roberto Giacchi says H1 deposits rose to 54.6 billion euros from 48 billion euros in H1 2016.Giacchi says group remains extremely focused on asset management business.CFO says H1 total sales of Mail&Parcel division fell 1.4 percent versus same period of last year.Del Fante says bank payments provider SIA will play important role as technological partner, does not answer question about possible increase of Poste's stake in SIA .Del Fante says Poste Italiane has booked additional provisions of 65 million euros for real estate funds, does not see need to do more in future.

Guangdong Yueyun Transportation sees increase in HY net profit attributable

Thursday, 20 Jul 2017 06:17am EDT

July 20 (Reuters) - Guangdong Yueyun Transportation Co Ltd <3399.HK>:Expected that net profit attributable to shareholders of company for HY will increase.Expected that net profit attributable to shareholders of company for six months ended 30 June 2017 will record an increase of not less than 20 pct.Expected results due to increased profit from modern logistics business of group.

Royal Mail says qtrly revenue up 1 pct, on strength in GLS

Tuesday, 18 Jul 2017 02:00am EDT

July 18 (Reuters) - Royal Mail Plc ::Trading update for three months ended 25 June 2017.Group revenue was up 1%, driven by another strong performance in GLS for three months ended 25 June 2017.GLS performance more than offset a 1 pct decline in ukpil revenue for three months ended 25 June 2017.UK parcels attracted new customers and higher volumes for three months ended 25 June 2017.Performance in letters was better than we expected, despite continued business uncertainty in UK for three months ended 25 June 2017."Trading performance in first three months of financial year was good".On track to deliver our cost avoidance and net cash investment targets for full year.Cost avoidance programme is on track to deliver around £190m of ukpil operating costs avoided in 2017-18.Expect that total net cash investment will be around £450 mln this year.

FedEx says all TNT Express depots, hubs and facilities are operational

Monday, 17 Jul 2017 09:26am EDT

July 17 (Reuters) - Fedex Corp :FedEx Corp - as of date of 10-K filing, all TNT Express depots, hubs and facilities are operational and most TNT services are available - SEC filing.FedEx - 2018 results will be negatively affected by TNT Express integration, restructuring activities, as well as impact of TNT Express cyber-attack‍​.FedEx Corp - manual processes are being used to facilitate a significant portion of TNT Express operations and customer service functions‍​.FedEx Corp - cannot estimate when TNT Express services will be fully restored.FedEx Corp - still evaluating the financial impact of the cyber attack, but it is likely that it will be material​.FedEx - experienced loss of revenue due to decreased volumes at TNT Express, incremental costs from contingency plans, remediation of affected systems.FedEx - TNT Express integration expected to be completed by the end of 2020.FedEx Corp - TNT ​customers "are still experiencing widespread service delays, including invoicing".FedEx Corp - do not have cyber or other insurance in place that covers TNT cyber attack‍​.FedEx Corp - cyber-attack may also materially impact disclosure controls, procedures, internal control over financial reporting in future periods‍​.FedEx Corp says experienced loss of revenue due to decreased volumes at tnt express -sec filing.FedEx Corp - experienced loss of revenue also due to incremental costs for implementation of contingency plans, remediation of affected systems‍​‍​.

DX says police drop full probe into DX Exchange

Friday, 7 Jul 2017 02:00am EDT

July 7 (Reuters) - Dx (Group) Plc :Board of dx announces that it has been notified by city of london police economic crime directorate ("city of london police") that, after careful consideration of allegations made, city of london police will not be proceeding to a full investigation.Company co-operated with the City of London Police's preliminary investigation, which centred on the DX Exchange operations, and in addition has reviewed and made changes to internal business processes in this unit, which will be kept under review. .

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary