Express

By Jeff Berman · September 18, 2013
The Memphis-based company also said that quarterly revenue—at $11.0 billion—was up 2 percent, and operating income—at $795 million—saw a 7 percent gain. Operating margin—at 7.2 percent—moved up from 6.9 percent a year ago. FedEx reported earnings per share of $1.53, which was up 5.3 from $1.45 from last year, topping Wall Street estimates of $1.50 per share.
By Jeff Berman · August 12, 2013
Last week, Rotunda Capital Partners, a middle market private equity firm, announced it sold off global logistics services provider Worldwide Express to an investment group, which included a significant investment from Worldwide’s management team.
By Jeff Berman · March 21, 2013
UPS has officially acquired the 49 percent interest of Vietnam-based VN Express in the joint delivery venture between the companies, whom initially first partnered in 1994, with VN Express serving at UPS’s authorized agent in Vietnam, prior to establishing a joint stock company in 2010.
By Jeff Berman · January 31, 2013
Transportation and parcel bellwether UPS reported today that fourth quarter revenue increased 2.3 percent annually to a record $14.57 billion, and adjusted operating profit saw a 41 percent gain to record $2.05 billion. And earnings per share at $1.32 saw a 3 percent gain, falling short of Wall Street estimates of $1.38 per share.
By Jeff Berman · January 3, 2013
UPS this week rolled out a new express air freight service geared towards urgent, time-sensitive and high-value international shipments.
By Jeff Berman · December 12, 2012
DHL U.S. CEO provides LM with an update of its expansion in Miami and recent Global Buyer Initiative update.
By Jeff Berman · September 11, 2012
According to a Wall Street Journal report, the Chinese government has granted both companies the green light to provide intra-China express package services.
By Jeff Berman · July 12, 2012
While transportation and logistics bellwethers UPS and FedEx are well-established in all corners of the world, one area where their presences could be even greater felt is China.
By Jeff Berman · May 11, 2012
FedEx is set to acquire TATEX, a France-based B2B express transportation company focused on heavy shipments.
By Jeff Berman · April 26, 2012
The company’s U.S. Domestic and Supply Chain and Freight segments paced quarterly growth for the company, with 13 and 19 percent gains in operating profit, respectively.
By Jeff Berman · April 17, 2012
FedEx said this morning it is in discussions about a potential plan to acquire TATEX, a France-based B2B express transportation company focused on heavy shipments. This potential deal follows FedEx’ early April acquisition of Poland-based courier company Opek Sp.Z o.o.
By Jeff Berman · March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
By Jeff Berman · March 19, 2012
Express delivery and logistics services provider DHL said last week it has rolled out two new direct flights from its hub in Hong Kong, with one flight to Ho Chi Minh City, Vietnam and the other to Chengdu, China, which the company said are the latest enhancements to its Asia-based air network.
By Jeff Berman · March 19, 2012
In what can potentially be viewed as a significant game changer for the global logistics and express delivery sectors, UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today they have reached an agreement in which UPS will acquire TNT Express for roughly $6.77 billion ($5.16 billion euro). The agreement is an all-cash offer of $9.50 per ordinary share for TNT Express.
By Jeff Berman · March 16, 2012
Following reports that talks focusing on UPS trying to acquire the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, “have slowed” due to various issues, UPS said today that it “remains in constructive discussions” with TNT regarding a potential transaction to acquire the entire issued share capital of TNT Express.

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