DB Schenker among first signatories of global standard framework on greenhouse gas reporting [Forwarder]
DB Schenker is among the first signatories of a global standard framework on greenhouse gas reporting in freight transportation. A first draft of the standard approved this past April was presented to about 80 political and industry representatives on November 15, 2016, in Brussels. As a participant in the official launch, DB Schenker underscored the necessity of advancing the standardization process. This would provide important reporting components for the complex freight transportation industry that could be established along the entire supply chain and result in uniform emission reporting. DB Schenker anticipates that by further anchoring this work in the already existing EN 16258 standard and its development into a corresponding ISO standard would provide the necessary framework.
The recent Memorandum of Understanding on a joint data sourcing cooperation signed by the EcoTransIT Initiative and the GLEC/Smart Freight Center is viewed as an important milestone in the implementation of the standard. EcoTransIT World is a global program for reporting energy consumption and emissions for all freight transport modes. In the Global Logistics Emissions Council (GLEC), companies and industry groups work together to advance the framework conditions needed for the uniform reporting of CO2 emissions in the freight transportation industry.
Since 2006, DB Schenker has been campaigning for an industry-wide reporting and the corresponding standardizations for greenhouse gases in the freight industry. Milestones include the development and publication of EcoTransIT World (www.ecotransit.org) in 2010 and the company's participation in the development of DIN EN 16258 regarding the reporting of greenhouse gases in the freight and passenger transportation industries.
“For DB Schenker, the mutual exchange and comparison of accounting methods is essential,” explains Andrea Dorothea Schön, responsible for climate protection and CO2 controlling at DB Schenker. “This also includes other important alignments, for instance regarding air freight emissions allocation. A great deal depends on the responsible cooperation of actors along the supply chain. We continue to provide our best efforts on this matter.”
As a follow-up, DB Schenker has co-developed a guideline on reporting truck emissions for the future DIN standardization process that will be adopted at the end of the year. In this way, the transportation and logistics industry is preparing for the expected statutory reporting obligations for greenhouse gases.
Posted at 17:11 パーマリンク
GEODIS and DELTA DRONE confirm the operational development of a unique solution for warehouse inventory using drones [Forwarder]
A few months after the start-up of the project and in line with the planned schedule, the initial development phase of this unique project has come to a successful conclusion following extensive testing in real-life conditions at the sites of Saint-Ouen-l'Aumône (near Paris) and Plaisance-du-Touch (near Toulouse).
The initial prototype demonstrated all the potential of the developed system. It comprises a quadcopter drone fit with high-resolution cameras and a ground-based robot equipped with a battery providing the necessary energy for the system. Capable of identifying pallets in low-light conditions, the solution is operated using several dedicated electronics and computer systems.
GEODIS and DELTA DRONE signed an agreement on April 28, 2016 on the joint development of a solution for automated warehouse inventory using drones. The system, which ensures data counting and reporting in real time, aims to integrate the entire value chain, including data processing and retrieval in the GEODIS information system (WMS).
The final delivery of a completed prototype is planned for first-quarter 2017, followed by the start of the industrial development phase prior to the start-up of operational use at the warehouses of GEODIS and its customers in France and internationally.
About DELTA DRONE
The Delta Drone group is a renowned player in the sector of civilian drones for professional use. It offers a global service ranging from data acquisition to data processing using a specially developed IT system. Delta Drone is listed on the Alternext market of Euronext Paris. ISIN code: FR0011522168.
Posted at 17:05 パーマリンク
UN Mobilizing Sustainable Transport for Development High-level Advisory Group on Sustainable Transport, 2016 [Environment]
In 2014, United Nations Secretary-General Ban Ki-moon appointed an independent High-Level Advisory Group on Sustainable Transport to provide a focused set of recommendations on how the transport sector can advance sustainable development with poverty eradication at its core, promote economic growth, and bolster the fight against climate change. The outcome of this effort is Mobilizing Sustainable Transport for Development, the first ever Global Sustainable Transport Outlook Report, addressing all modes of transport, in developing and developed countries.
Posted at 16:57 パーマリンク
DHL Express invests $185 million in 2016 and 2017, on track with expected growth in the U.S. [Integrator]
Investments driven by rise in time-definite shipments and e-commerce volume
Focus remains on infrastructure, people to provide highest quality service
Expansion plan for DHL Americas Hub at Cincinnati nears completion, driving increased efficiency and capacity
DHL Express said it is continuing its investment plan for the United States and the Americas as growth in the region meets expectations. The $185 million1 investment earmarked for 2016 and 2017 is focused on infrastructure, technology, and people - creating some 900 new jobs in 2016 alone - in order to continue to provide the highest quality service and superior customer experiences. Besides investing in its operations in the U.S., DHL Express is also committing another $105 million to support its growth plan in key countries in the region including Mexico, Canada, Brazil, Chile and Peru, totaling $290 million over the two-year period.
"DHL Express is continuing its strong progress in the U.S.," explains Ken Allen, member of the Board of Management of Deutsche Post AG, and CEO, DHL Express. "As part of our focus on international express shipping and our commitment to continually improving customer service, we are directing our investments toward upgrading our facilities, expanding our staff and providing them with the technology they need to enhance productivity and to be more efficient." For instance, DHL Express has rolled out new 'smart' scanners for its couriers, which are faster, lighter and equipped with voice and GPS capabilities and allow for the addition of new features such as stop-by-stop sequencing as well as turn-by-turn navigation so they can improve their efficiency while on the road.
DHL has already completed a portion of the $108 million investment project at its Americas Hub, located at the Cincinnati/Northern Kentucky Airport, which was announced last year. The North Ramp expansion, which opened just two weeks ago, is built on 45 acres of land and provides parking space for 16 additional planes each night and adds new storage and warehouse space for ramp equipment and shipping containers. Coming next year will be additional automated sorting capability and 40 new reload positions that will enhance the hub's efficiency to handle the growing e-commerce volume seen in the U.S. and the Americas.
Focus on vehicles and facilities to handle greater volume
DHL Express is spending $20 million in these two years to upgrade and expand its ground fleet, adding more fuel-efficient vehicles including fully electric vans and electric forklifts at its JFK facility. Next year, the company will focus on replacing trucks and tractor-trailer combinations with more efficient models as part of the company's overall GoGreen strategy to reduce carbon emissions and its impact on the environment.
To deal with growing shipping volumes, DHL Express is applying an additional amount of nearly $60 million to expand and add facilities as well as provide technology/security upgrades and new equipment such as the new courier scanners. It has added three new service centers in New York City, Chicago, and Seattle as well as expanded another three this year. It upgraded its Los Angeles gateway in 2016 and plans to add a new gateway in Chicago and refurbish its JFK gateway in 2017, adding a new, improved automated sort system that will facilitate earlier morning deliveries in the New York market.
DHL Express has added 655 new jobs in the U.S. so far this year. To better handle growing e-commerce volume, the new positions include full- and part-time couriers for more evening delivery routes, and more back-office customer service representatives to coordinate deliveries and customs agents to facilitate clearance. Currently, the company also is working to fill 250 new full-time jobs at its Cincinnati hub to handle increased volume.
"Going forward, we will continue to keep our focus on the last mile, leveraging technologies and solutions that provide added convenience for customers," said Mike Parra, CEO, DHL Express Americas. "This approach focuses on convenient pick-up and drop-off options, proactive notification and flexible delivery solutions. We are also reconfiguring delivery routes to handle more afternoon deliveries due to an increasing number of shipments going to residential customers, in part due to increased e-commerce volume."
Volume surge expected during upcoming holiday season
DHL is expecting to see an overall 12-percent volume increase year over year during the 2016 holiday season. The continued strong U.S. dollar means consumers can shop abroad for holiday gifts, so a bigger gain in import volume is expected. However, smaller gains in outbound shipments are likely because the higher dollar makes U.S. goods more expensive to foreign buyers. DHL expects its busiest shipment pick-up day will be on Cyber Monday, Nov. 28, while couriers are gearing up for their biggest delivery day on Dec. 19, just six days before Christmas, where delivery volume could be as much as 89 percent higher than the average day.
The volume gains DHL is seeing go beyond the seasonal gains around major holidays such as Christmas and Mother's Day. DHL Express has seen steady international time-definite volume growth2 in the last three years, with daily TDI volume increasing by 6.8 percent in the third quarter 2016 compared with the prior-year period.3 The proportion of global e-commerce volume in the overall volumes of DHL Express is now more than 20 percent of total volume4, up from about 10 percent in 2013.
The Group's objective is to leverage the global B2C e-commerce market for cross-border shipments, which is expected to grow in absolute terms from $400 billion today to a total global volume of $1 trillion in 20205. As the most international company in the world, with a network that spans more than 220 countries and territories, DHL Express is uniquely positioned to handle growing cross-border e-commerce. DHL offers a suite of online shipping tools for e-tailers and provides local customs expertise and fast clearance solutions, making it an attractive shipping partner for premium international online vendors.
Regional investments also on track
DHL Express is also investing an additional $105 million in the Americas region. Key investments include:
$12 million in Canada, adding new service centers in Calgary and Ottawa this year as well as one in Quebec next year and a new gateway in Vancouver; 250 new jobs added this year.
$38 million in Mexico in 2016 and 2017, in addition to its existing $160 million five-year capital investment plan already announced. The additional funds will, in part, provide 38 new outlets for a total of 500 retail service points, two new service centers this year and two more in 2017, a ground fleet upgrade and an aircraft upgrade for the domestic hub; 1,200 new jobs created between 2015 and 2016.
$7.5 million in Brazil to cover a major upgrade to the Sao Paulo domestic hub and service center including a head office relocation
Smaller investments in Peru, Chile and several Central American countries.
"These investments are a clear sign of our expectations for strong growth and of our commitment to the U.S. and the Americas," said Allen. "We will continue to invest in this region and in our people to meet the growing demands of our customers and deliver superior service to them across the region."
Posted at 16:33 パーマリンク
DHL analysis enables deep dive into supplier networks [Integrator]
DHL Resilience360 extends risk management and software service portfolio with Transparency Portal
DHL further expands its supply chain management and analysis portfolio by launching the DHL Resilience360 Transparency Portal. The online collaboration service allows multinational companies to visualize the full picture of their supply network, including first tier suppliers, their suppliers and so forth. As supply chains become larger and more complex through globalization, many companies lack the visibility of their supply network and thus cannot assess risk levels accurately. By means of data collection via the Transparency Portal, they are able to identify crucial insights of their network and ultimately improve business continuity. The service is available independently but can be combined with the risk assessment and incident monitoring solution of DHL Resilience360 and all participating suppliers in the network can instantly obtain access to those capabilities.
"Lack of transparency is a key weakness in many modern supply chains. Understanding the total supplier network of one's own operations allows businesses to ensure compliance even on a regional level and limit reputational losses in case of disruptive events by recovering quicker. Subsequently, this also reduces insurance costs since there is more clarity on supply chain risks and single point of failures. Our new portal enables us to gain these insights quickly and at ease," explains Jan Speich, Senior Manager Product Management DHL Resilience360, DHL Customer Solutions & Innovation.
Businesses have barely kept up with the development of today's supply chains and are often vulnerable to risks through globalization and the fast changing regulatory environment. According to the Business Continuity Institute, half of all supply disruptions are caused by second tier suppliers or beyond.1 Still, four out of five companies do not have a complete overview of their supply chain beyond direct providers.2 This includes the exact whereabouts of lower tier suppliers, which companies they rely on and how these businesses operate.
DHL's new Transparency Portal allows customers to gather the relevant data in order to better assess their vulnerability to natural disasters, regulatory issues, concentration risks or political upheavals. The fully customizable platform offers pre-defined survey templates to individually design information requirements, for example on business continuity management as well as attained certifications, including Customs Trade Partnership Against Terrorism (C-TPAT) licenses, as an example.
Business can then start collecting data from their first tier suppliers through the secure online tool, while the system automatically manages further iterations from subsequent supplier levels. Finally, the system also generates summary reports and allows users to seamlessly scan through their data to identify risk hot spots.
"The digital footprint captured when a customer ships with DHL can be used to uncover multi-tier supply networks," explains Tobias Larsson, Head of Resilince360, DHL Customer Solutions & Innovation. "The DHL Resilience360 Transparency Portal gives organizations a simpler, faster and more effective way to collect the information they need to manage risks, ensure regulatory compliance and operate robust and resilient supply chains."
Posted at 16:30 パーマリンク
UPS To Acquire Marken, A Leader In Global Clinical Supply Chain Solutions [Integrator]
Acquisition to complement UPS healthcare logistics solutions
UPS announces agreement to acquire privately held Marken
Underscores UPS commitment to healthcare and pharma industries
Positions UPS as a leading provider in clinical trials supply chain solutions
Marken to operate as a wholly owned subsidiary of UPS
Marken to access UPS integrated global network for further efficiency
UPS (NYSE:UPS) has entered into a definitive purchase agreement to acquire Marken, a global provider of supply chain solutions to the life sciences industry. The transaction, which provides UPS with growth opportunities across the life sciences customer base, is expected to close by Dec. 31, subject to customary conditions and regulatory approvals. Terms of the acquisition were not disclosed.
Clinical trials require strict regulatory compliance, streamlined logistics services and global reach. Marken operates a global network of clinical supply chain services to meet the increasingly complex demands of its clients. The acquisition of Marken follows multiple UPS acquisitions that have expanded the company’s healthcare logistics services portfolio.
“Healthcare logistics is a strategic market for UPS. Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers,” said Teresa Finley, UPS Chief Marketing and Business Services Officer.
“We plan to offer new solutions to our customers and generate further growth opportunities for UPS.”
“We are excited to join the UPS organization,” said Wes Wheeler, Marken’s Chief Executive Officer. “UPS’s capabilities, particularly in mature markets, will provide many opportunities for us to enhance our service offerings in clinical trials logistics.
With UPS, we will improve our efficiency, while continuing to provide our clients with the high-touch, personalized services that they have come to expect from us.”
Wheeler will continue to lead the Marken business, which will operate as a wholly-owned subsidiary of UPS.
Pharmaceutical companies, clinical research organizations and contract manufacturers rely on Marken for collection and transportation of clinical trial material and investigational medicinal products to 49,000 clinical trial sites, as well as the shipment of biological samples from these sites to central laboratories. These shipments are time- and temperature-sensitive, and their rapid, on-spec delivery is a key factor in the treatment of patients and the success of the clinical trial. The company has more than 650 employees with an asset-light operating structure and 44 locations worldwide, including 10 depots that are compliant with Good Manufacturing Practices (GMP). Marken provides high-touch service to pharmaceutical companies, manufacturers and contract research organizations engaged in all phases of the clinical trials process.
“UPS is focused on the logistics complexity of clinical trials, and the acquisition fits well into our long-term growth plans in the biopharma segment,” Finley said. “Marken’s significant industry expertise and flexible network, combined with UPS’s vast integrated global air and ground networks, will provide the life sciences industry with an attractive portfolio of global logistics options.”
UPS offers a broad array of specialized services for healthcare and life science companies. In July, UPS announced expanded logistics capabilities for clinical trials. The company’s network includes temperature-sensitive storage and transportation (from ambient and controlled-room temperature, to frozen and cryogenics), 24-hour monitoring and security.
UPS now has more than 100 healthcare-dedicated facilities with 60 GMP-compliant locations strategically positioned within global markets. Shippers have the ability to customize solutions from the UPS Temperature True™, UPS Proactive Response ™, UPS WorldShip ™, UPS Quantum View ™ and other portfolios that leverage expertise in packaging, labeling, monitoring and storage capabilities.
J.P. Morgan served as the financial advisor to UPS. UBS Investment Bank acted as the financial advisor to Marken.
Marken is the only patient-centric supply chain organization 100% dedicated to the pharmaceutical and life sciences industries. Marken maintains the leading position for Direct to Patient services and biological sample shipments and offers a state-of-the-art GMP-compliant depot network and logistic hubs in 44 locations worldwide for clinical trial material storage and distribution. Marken’s more than 650 staff members manage 50,000 drug and biological shipments every month at all temperature ranges in more than 150 countries. Additional services such as biological kit production, ancillary material sourcing, storage and distribution, shipment lane verification and qualifications, as well as GDP, regulatory and compliance consultancy add to Marken’s unique position in the pharma and logistics industry.
Posted at 17:35 パーマリンク
Deutsche Post DHL Group significay increases operating profit and confirms 2016 full-year guidance [Integrator]
Third-quarter Group EBIT improves to EUR 755 million (2015: EUR 197 million)
Guidance for full-year 2016 confirmed: EBIT forecast to increase to between EUR 3.4 billion and EUR 3.7 billion
Deutsche Post DHL Group increased operating profit significantly in the third quarter of 2016, continuing the strong earnings momentum seen in previous quarters. Group EBIT increased to EUR 755 million, representing the strongest third quarter in company history1. The sharp rise over the prior year (2015: EUR 197 million) is attributable to sustained organic growth in operating profit in all divisions in addition to the non-recurrence of substantial one-time effects. Group revenue decreased by 3.9% to EUR 13.9 billion between July and September 2016 (2015: EUR 14.4 billion). In addition to negative currency effects and lower fuel surcharges due to falling oil prices, the decline reflects a change in the recognition of revenue generated from a key customer contract in the Supply Chain division, which took effect in the fourth quarter of 2015. Adjusted for the above effects, Group revenue rose by 2.4% year on year.
"The strong trend in operating profit in all four divisions shows that we have set the right priorities with our Strategy 2020. We are taking an increasingly active role in the dynamic development of e-commerce all over the world and are continuing to invest in this segment. Thanks to the targeted investments and strategic initiatives we implemented in prior years, we are now enjoying success despite weak economic tailwind," said Frank Appel, CEO of Deutsche Post DHL Group. "We are well on track to reaching the ambitious goals we have set for 2016 and beyond."
Outlook: Earnings forecast for 2016 and long-term objectives confirmed
The company anticipates only moderate growth in the world economy for the remainder of 2016. Despite the continuing lack of economic tailwind, Deutsche Post DHL Group still expects to reach its objective of significantly increasing EBIT for full-year 2016 to between EUR 3.4 billion and EUR 3.7 billion based on the Group's very positive operating performance in the first nine months.
The Group has also confirmed its targets for the coming years: Deutsche Post DHL Group continues to forecast an average increase in operating profit of more than 8% annually during the period from 2013 to 2020 (CAGR).
Third quarter of 2016: EBIT rises by EUR 558 million
Both the Post - eCommerce - Parcel (PeP) division and the DHL divisions contributed to the substantial EUR 558 million increase in third-quarter Group EBIT to EUR 755 million. This improvement was supported by the fact that the one-time effects posted in the prior-year period did not recur in 2016.
Operating profit at PeP more than doubled to EUR 295 million, with the prior-year EBIT figure (2015: EUR 142 million) impacted primarily by the consequences of the postal strike in Germany. The DHL divisions reported a combined, strong increase in EBIT to EUR 536 million (2015: EUR 127 million). The Global Forwarding, Freight division contributed in particular to the increase with an improvement from EUR -337 million to EUR 63 million. The negative figure reported in the previous year was due to one-time charges of EUR 384 million, primarily associated with the renewal of the division's IT systems. The Supply Chain division increased EBIT by 35.6% to EUR 137 million. The Express division registered a decline to EUR 336 million (2015: EUR 364 million) based on non-recurring income posted in the previous year. After adjusting for that effect, divisional EBIT improved by 19%.
Thanks to the absence of charges that had been incurred in the prior year, along with the increase in operating profit and lower financing costs, consolidated net profit improved to EUR 618 million in the third quarter of 2016 (2015: EUR 49 million). Basic earnings per share saw a similar increase, rising from EUR 0.04 in the prior year to EUR 0.51 in 2016.
Capital expenditure and cash flows: Group further strengthens foundation for growth
The Group invested EUR 498 million in the third quarter of 2016 (2015: EUR 547 million). Investments continued to focus on positioning the Group for future profitable growth in all four divisions. For example, Deutsche Post DHL Group made further progress in extending its national and international parcel infrastructures and invested in the production of its StreetScooter electric vehicle, in addition to expanding global and regional hubs in the Express division and modernizing and expanding the aircraft fleet.
The Group continued to focus successfully on cash flow in the third quarter: Operating cash flow rose by 12.0% to EUR 887 million (2015: EUR 792 million), and free cash flow increased 65.0% to EUR 543 million (2015: EUR 329 million). The increase was a reflection in particular of the improvement in the Group's operating profit.
In the current corporate structure
Post - eCommerce - Parcel: E-commerce growth driver remains intact
Revenue in the Post - eCommerce - Parcel division increased by 4.0% to EUR 4.0 billion in the third quarter (2015: EUR 3.8 billion). In addition to the postage stamp price increase implemented at the beginning of the year, the division's positive performance was driven above all by volume and revenue increases in the eCommerce - Parcel business units.
Revenue in the eCommerce - Parcel business units increased by 11.6% to EUR 1.7 billion. The increase was based on revenue gains of 11.1% for Parcel Germany, 13.3% for Parcel Europe and 12.3% for eCommerce. The upward trend, once again, illustrates how Deutsche Post DHL Group is increasingly benefitting from positioning itself successfully as a market and innovation leader in the high-growth e-commerce segment. The Group has also been additionally expanding its parcel network via partnerships with postal companies in Hungary and Slovenia, which brings the number of European countries in which the Group is active to 18. Deutsche Post DHL Group will continue to advance its expansion in the United Kingdom, Europe's biggest e-commerce market, through the planned acquisition of UK Mail.
Revenue in the Post business unit declined by 0.9% to EUR 2.296 billion (2015: EUR 2.318 billion). The increase in letter postage prices at the beginning of the year almost fully offset the negative effects of the structural decline in volumes in Mail Communication and Dialogue Marketing segments.
PeP division EBIT rose to EUR 295 million in the period from July to September, up from EUR 142 million in the prior-year period when operating profit had been reduced primarily due to the postal strike in Germany. Even after adjusting for this effect, the increase in EBIT was significant. The improvement was primarily fueled by the revenue growth, the increase in postage prices, disciplined cost management and sustained growth at eCommerce - Parcel. Investments in the international parcel business held back an even greater increase in EBIT.
Express: Revenue and operating profit continue strong performance
The sustained upward revenue trend enjoyed by the Express division for a number of years continued in the third quarter. At the same time there was a significant improvement in earnings based on organic growth. Revenue rose by 2.9% to EUR 3.4 billion (2015: EUR 3.3 billion). Adjusted for negative currency effects and lower fuel surcharges, the increase was 5.3%. This dynamic performance was once again driven by solid growth in the international time-definite (TDI) delivery business, where daily volumes rose by 6.8% in the third quarter compared with the prior-year period. At the same time, Express focused on disciplined yield management.
The 7.7% decline in EBIT to EUR 336 million is attributable to non-recurring income of EUR 82 million recognized in the prior-year period, which was largely the result of an asset write-up in the Americas region. Adjusted for the positive effect on prior-year earnings, EBIT rose by 19% thanks to improvements in the network, strong growth in the international business and pricing initiatives. The operating margin stood at 9.8% in the third quarter. The margin improved from 10.7% to 10.9% over the entire period from January to September 2016 when compared with the prior-year period.
Global Forwarding, Freight: Earnings continue on an upward trajectory
Revenue in the Global Forwarding, Freight division decreased by 6.3% to EUR 3.4 billion in the third quarter of 2016 (2015: EUR 3.6 billion). Adjusted for negative currency effects and lower fuel surcharges, revenue declined by 2.2%. The revenue trend does not reflect the growth in volumes registered in the third quarter owing to the decline in freight rates over the course of the year.
Operating profit for the period from July to September improved from EUR -337 million in 2015 to EUR 63 million in 2016. Even after adjusting for the non-recurring expenses contained in prior-year earnings as a result of renewing the division's IT systems, Global Forwarding Freight registered a significant rise in EBIT of 34.0%. The positive earnings trend over the past four quarters is an indication of the success of the measures initiated last year to improve operating performance at Global Forwarding, Freight.
Supply Chain: Profitability continues to improve
Revenue in the Supply Chain division decreased by 14.7% to EUR 3.4 billion in the third quarter (2015: EUR 4.0 billion). The decline was solely the result of special effects. After adjusting for negative currency effects, lower fuel surcharges and the effect of the change in revenue recognition announced in 2015 due to revised terms in the contract with the National Health Service (NHS), a major UK account, revenue increased by 2.3% over the previous year. Supply Chain continued to generate additional new business. In the third quarter, the division concluded additional contracts worth EUR 306 million with both new and existing customers.
In addition to lower restructuring costs, the Supply Chain division's strong EBIT growth of 35.6% to EUR 137 million reflected the positive impact of the division's optimization initiative which began last year. The initiative aims to increase the operating margin in the Supply Chain division to between 4% and 5% by 2020 by increasing standardization, improving efficiency and better leveraging economies of scale in the global business.
First nine months: Operating profit increases by EUR 926 million
Group revenue fell by 4.5% to EUR 41.9 billion in the first nine months of 2016 (2015: EUR 43.9 billion). That decrease was caused by the special effects referred to previously: negative currency effects, lower fuel surcharges and the change in revenue recognition in the Supply Chain division. After adjusting for those factors, revenue increased by 2.6% over the prior year. Operating profit at Deutsche Post DHL Group climbed by 63.7% to EUR 2.4 billion from January to September (2015: EUR 1.5 billion). Consolidated net profit rose by more than 100% to EUR 1.8 billion in the first nine months of 2016 (2015: EUR 870 million). Basic earnings per share increased from EUR 0.72 to EUR 1.49 in line with the increase in profit.
Posted at 17:30 パーマリンク
Notice of Agreement to the Integration of Container Shipping Businesses [Shipping Line]
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have
agreed, after the resolution by the board of directors of each company held today, and subject to
regulatory approval from the authorities, to establish a new joint-venture company to integrate
the container shipping businesses (including worldwide terminal operating businesses excluding
Japan) of all three companies and to sign a business integration contract and a shareholders
Although growing modestly, the container shipping industry has struggled in recent years due to
a decline in the container growth rate and the rapid influx of newly built vessels. These two
factors have contributed to an imbalance of supply and demand which has destabilized the
industry and has created an environment that is adverse to container line profitability. In order to
combat these factors, industry participants have sought to gain scale merit through mergers and
acquisitions and consequently the structure of the industry is changing through consolidation.
Under these circumstances, three companies have now decided to integrate their respective
container shipping on an equal footing to ensure future stable, efficient and competitive business
The new joint-venture company is expected to create a synergy effect by utilizing the best
practices of the three companies. And by taking advantage of scale merit of its vessel fleet
totaling 1.4 million TEUs, realize integration effect of approximately 110 billion Japanese Yen
annually and seek swiftly financial performance stabilization.
By strengthening the global organization and enhancing the liner network, the new joint-venture
company aims to provide higher quality and more competitive services in order to exceed our
2. Overview of the new joint-venture company
Kawasaki Kisen Kaisha, Ltd. 31%
Mitsui O.S.K. Lines, Ltd. 31%
Nippon Yusen Kabushiki Kaisha 38%
Approx. 300 Billion JPY
(Including fleets, share of terminals as investment in kind)
Business Domain Container Shipping Business
(Including terminal operating business excluding Japan)
Fleet Size Approx. 1.4 Million TEU*, 6th in the market with approx. 7% of global
Notes1) Figures are as of October, 2016 excluding order book
Notes2) Source: Alphaliner
*TEU: Twenty-foot Equivalent Unit
Agreement date: October 31st, 2016
Establishment of the new joint-venture company: July 1st, 2017 (planned)
Business commencement: April 1st, 2018 (planned)
Posted at 17:19 パーマリンク
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