UPS today announced its first-quarter 2016 international operating profit increased 15 per cent to US$574 million. Total revenue was $14.4 billion, up 3.2 per cent over the same quarter last year. Revenue growth was slowed by lower fuel surcharges and currency exchange rates, the company said. On a currency-neutral basis, revenue increased 3.7 per cent. Lower fuel surcharge rates reduced revenue growth by approximately 150 basis points. "The major Asian economies are showing signs of … [Read more...] about Healthy Q1 for UPS, Asia export growth offsets US softness
e-commerce
Kuehne + Nagel to manage Unilever e-commerce centre
Kuehne + Nagel has been chosen by Unilever for the storage and e-commerce order fulfilment of its recently introduced tea-brewing machine launched under the premium brand of T.O by Lipton. The service scope includes warehousing and distribution services out of the fulfilment centre in Contern, Luxembourg, as well as a range of value added services. These services include customised packaging to maximise process efficiency and minimise waste. For order processing a pick-by-light system has … [Read more...] about Kuehne + Nagel to manage Unilever e-commerce centre
SingPost ups stake in Shenzhen e-commerce company
Singapore Post Limited (SingPost) has purchased an additional 17.91 per cent of the equity in eCommerce cross-border solutions provider, Shenzhen 4PX Information Technology Co. Ltd (4PX). The deal worth RMB163.16 million (US$25 million) will see SingPost, through its wholly-owned subsidiary Quantium Solutions International (QSI), increase its equity interest in 4PX from 18 per cent to 35.91 per cent. Headquartered in southern China’s Pear River Delta region, 4PX is one of China’s top … [Read more...] about SingPost ups stake in Shenzhen e-commerce company
DHL eCommerce launches new services in Thailand
DHL eCommerce, a division of global logistics company, Deutsche Post DHL Group, has expanded its operations into Thailand and is offering end-to-end domestic delivery service for Thai e-commerce merchants. With its new service, DHL eCommerce is offering a range of unique service options that caters to Thailand's burgeoning e-commerce market. "Thailand, with its tremendous growth potential, fast e-commerce adoption and high smartphone penetration rates, has been identified as the first … [Read more...] about DHL eCommerce launches new services in Thailand
Amazon set to take control of French delivery company
Amazon has yet again quietly moved to ramp up its steps into the transportation realm, this time in France where it is expected to shortly acquire a 75 per cent stake in the French package-delivery company Colis Privé, that it doesn’t already own. The Seattle Times reported that the e-commerce giant is planning to close out the acquisition of Colis Privé in the coming months and follows an earlier report by French newspaper Le Figaro which quoted an unidentified Amazon spokesperson who said … [Read more...] about Amazon set to take control of French delivery company
More than 75% of UK online shoppers will switch retailers in 2016
More than a third (36 per cent) of Christmas ‘click & collect’ shoppers in the UK encountered issues with their ‘Click & Collect’ orders, according to the second annual JDA/Centiro Christmas Customer Pulse report, with a full three-quarters (77 per cent) saying they would be likely to switch to shopping with an alternative retailer next Christmas as a result of a poor online Christmas shopping experience. Of those that encountered any of the issues listed, not having a dedicated area … [Read more...] about More than 75% of UK online shoppers will switch retailers in 2016
