Hints and tips:
...The couriers of meals and groceries are unhappy with low, and often falling, pay as technology companies with thin margins are pressed by investors to raise profits....
...This reflects its €4.4bn acquisition of Dutch company TNT Express in 2016....
...YTO Express (Reuters) Klarna chief says IPO closer as pandemic drives online shopping boom (FT) Two best-performing funds since pandemic are run by Morgan Stanley (FT) RWS adds translation software to...
...It also has a board seat at Shanghai-listed YTO Express, another at New York listed Best Inc, where it controls 46 per cent of the voting power, and one more to come at STO Express, after buying nearly 15...
...Logistics groups UPS, DFDS and Biocair, have won health department tenders worth a total of £25m to provide an express freight service, with a remit to deliver drugs and medical products — including radio-isotopes...
...Thin porridge China’s new digital economy has created millions of new jobs, from software engineers to express delivery couriers....
...Chinese courier company ZTO Express in 2016 suffered the worst opening-day fall in US markets history and its shares still languish below their offer price despite a $1.4bn investment from Alibaba....
...His books express an affection for rural traditions, but in many parts of rapidly urbanising China, these are kept alive only in memory....
...The warehousing demand has enriched third-party logistics operators such as Best Logistics, one of Alibaba’s key partners, and courier delivery company SF Express....
...And the start-up has a team of couriers who deliver medicines to patients within two hours of receiving the prescription....
...One courier for SF Express , China’s biggest logistics service, estimated that 20 of its distribution centres — about a 10th of its Beijing total — had been closed....
...Fellow courier company YTO Express has seen its shares fall sharply since its backdoor listing last year, while SF shares are now only slightly above the price at the time of its backdoor listing....
...The latest, Alibaba-backed Best Inc, was forced to halve its fundraising ambitions from $1bn to $450m in the face of weak demand....
...The group therefore launched in Berlin, London and Amsterdam and assumed it would rely on bicycle couriers....
...These forecasts exclude the impact of TNT Express results — the Dutch company FedEx acquired last year — and the mark-to-market pension adjustments....
...Amazon, Uber and Alphabet may now have the scale to take losses on steampunk last-mile initiatives, such as Prime Now parcel hubs in cities, UberRush courier services using cars and bikes, or Google Express...
...Even Google and Amazon have launched on-demand delivery services, through Google Shopping Express and Amazon Now, which boasts one-hour delivery....
...India’s competition watchdog has imposed $40m in fines on three of the country’s private airlines after complaints from courier companies including FedEx and DHL that the carriers colluded to fix fuel surcharges...
...Mr Appel also points out that while the impact of FedEx’s takeover of TNT will be felt principally in Europe, DHL is also the market leader for express courier services in Asia and Africa....
...The FedEx-TNT Express combination would mean the three largest couriers would have roughly half the European market, with none having more than a fifth....
...These challenges pushed TNT Express, despite it controlling 12 per cent of the European economy and express parcel markets, to a €195m net loss for 2014....
...The deal comes as international couriers struggle to adapt to the rise of ecommerce, which has put pressure on their delivery systems....
...Fred Smith, boss of FedEx of the US, said last week he would pay $4.8bn for Dutch courier TNT Express....
...That will bring it into competition with instant courier companies, including tech giants Amazon and Google, which are both trialling express delivery services....
...Instead, it pays courier companies to pick up items from stores, such as Target or Whole Foods, organise the items, and deliver them....
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