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Toll Group announces Asian acquisition and provides trading update [Airlines]

Toll Group, the Asian region’s leading provider of integrated logistics, announced it will acquire the DPEX Group from Qantas. DPEX is one of the largest independent express businesses in Asia.

The Toll Group generates revenue in excess of A$6.5 billion and employs over 35,000 people in 55 countries.

“The acquisition of the DPEX business is a great example of our growth strategy for the Toll Global Express (TGX) Division,” said Toll Group’s Managing Director, Paul Little.

“DPEX will support Toll’s ongoing growth and development in the region. It is an important addition to TGX’s Asia Pacific operations that acquired Deltec, Skynet and Kwikmail businesses in the middle of last year and will provide additional scale and coverage across a network of 19 countries in Asia,” said Mr Little.

The acquisition of DPEX is highly complementary to the growth of TGX’s Toll Priority international express network in the Asia Pacific region. Toll Priority is the premium express satchels and documents business of the Toll Group.

The expansion of the Toll Priority network throughout Asia is a key component of the Toll Global Express strategy. The quality business is a natural fit in terms of strategy, focus, capability, network and product offering. Toll Priority and DPEX will leverage each other’s capabilities and customers to further accelerate growth both regionally and globally within this key international express freight market.

“As a result of enhanced volumes, TGX will now offer customers an improved service offering and will be more competitive. These factors are key to our growth strategy in this market segment,” concluded Mr Little.

The DPEX acquisition will provide over A$30 million in revenue and is expected to be EPS accretive in year one.

Posted at 07:00   パーマリンク


Japan Airlines Shifts to New Cargo Business Model [Airlines]

Japan Airlines (JAL) announced that it will adopt a new cargo business model that solely utilizes the cargo belly space of the airline’s passenger flights. The airline’s passenger flights provide cargo capacity (measured in available tonne kilometers) approximately three times the volume* available on its scheduled freighter flights which will consequently be suspended at the end of October 2010.

On May 2, 1959, JAL operated its first freighter flight using a Douglas DC-4 charter aircraft from Haneda to San Francisco and in the same year on November 25, introduced for the first time, a remodeled DC-6B semi-cargo aircraft to its fleet. Since then, JAL has been providing quality cargo transport services using both passenger flights and freighter flights, and over the last 50 years, steadily expanded its international network alongside the economic growth of Japan. Until today, JALCARGO, as the cargo business arm of JAL is known, has met the needs of countless satisfied customers.

Market conditions for international cargo business however, is expected to remain severe and to adapt to this, JALCARGO will shift from using a combination of freighter flights and passenger flights to exclusively utilizing the belly space of passenger flights - a new cargo business structure that aims to secure a stable profit and that can boost the recovery of JAL’s financial standing.

Maintaining access to almost all destinations** currently served by its freighter flights with passenger flights, Japan’s largest international network carrier, JAL, will continue to meet the needs of its valued customers. The airline will continue its cargo business by productively using the belly space of 508 weekly passenger flights plying 56 international routes, and on 134 domestic routes with 904 daily one-way flights*, in addition to enhancing service standards and offerings.

With the internationalization of Tokyo’s Haneda airport taking place this autumn, JALCARGO will continue in its endeavors to provide customers with quality services and convenience, and strive to improve the speed and efficiency of goods distribution using the international and domestic air transport operations of JAL.

*Cargo capacity and the number of routes and flights are based on the airline’s 2010 summer schedule.
** JAL operates passenger flights to all destinations currently served by JAL freighter flights, with the exception of Anchorage.

Posted at 09:03   パーマリンク


Lufthansa targets new aims in environment and climate [Airlines]

Lufthansa spells out ambitious goals in its strategic environmental programme. The Group has specified 15 guidelines to steer its path towards realisation of further decisive progress in environmental efficiency by the year 2020. Lufthansa’s efforts on behalf of environment and climate protection and social responsibility are documented in the Group’s Sustainability Report “Balance”. The 14th issue of the Report is scheduled to be published shortly.

The 15 guidelines ensue from the internationally recognised four-pillar strategy, which spans the entire range of practicable measures for protecting the climate in the operation of air traffic. The principle points of the strategic environmental programme are:

• Lufthansa expressly supports the IATA fuel-efficiency target and intends to reduce its CO2 emissions per flown kilometer by 25 per cent by 2020 against the level in 2006.
• Lufthansa supports the ACARE target of reducing nitrogen oxide emissions by 80 per cent by 2020 compared with the level in the year 2000.
• Lufthansa intends to increase the amount of bio-fuel admixed with conventional kerosene up to ten per cent by 2020.
• Lufthansa supports ecologically-oriented incentive systems, which rest on an economic and revenue-neutral basis, e.g. emission-based landing fees, which were introduced earlier this year at Frankfurt and Munich Airports.
• Lufthansa will continue to advocate within international organizations a practicable solution for including air traffic in emissions trading.
• Lufthansa will further pursue diverse noise abatement measures and is cooperating in related research projects designed to achieve the ACARE objective of halving noise emissions by 2020.

Faced with increasing mobility needs, the air traffic industry must respond to forthcoming challenges in environment protection policy. Environmental protection is a tradition at Lufthansa and a prime corporate objective. With its strategic environmental programme, the Group has charted a road map for sustainable growth and profitability in the years to come.

Posted at 08:07   パーマリンク

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