<![CDATA[ FedEx reports growth in financial results for Q1 FY2019 ]]> FedEx revenue has grown to $17.1bn in Q1 and it produced operating income of $1.07bn.

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Freight, Express and Ground all contributed towards the $1.8bn year-over-year growth in FedEx’s Q1 revenues. The group produced turnover of $17.1bn and its operating income was up 10.2% to $1.07bn. Its net income of $835m surpassed its 2018 Q1 result of $596m.

FedEx Express segment revenues increased 10% in Q1 of FY19 primarily due to international package and freight volume recovery from the NotPetya cyberattack, higher freight pounds, U.S. domestic package volume and yield growth and higher fuel surcharges. Operating income increased 4% year-over-year.

FedEx Ground segment revenues increased 13% in the first quarter of FY19 due to volume growth and increased yields. Average daily volume at FedEx Ground increased 7% in the first quarter of 2019 primarily due to continued growth in commercial and residential services driven by e-commerce growth. FedEx Ground yield increased 6% during the first quarter of 2019 primarily driven by higher fuel surcharges and base yields. Operating income increased 10% year-over-year.

FedEx Freight segment revenues increased 18% in the first quarter of 2019 primarily due to higher revenue per shipment and average daily shipments. Due to higher revenue per shipment, operating income increased 7% year-over-year.

Frederick W. Smith, FedEx Corp. Chairman and Chief Executive Officer commented: “We are very optimistic about our prospects for profitable growth and remain confident we will reach our goal to improve FedEx Express operating income by $1.2bn to $1.5bn in fiscal 2020 versus fiscal 2017.”

Source: FedEx

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<![CDATA[ Increases in order volumes drives top-line growth for Ocado in Q3 2018 ]]> Ocado has reported top line growth for Q3 2018 with revenue totalling £348.6m.

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Ocado has reported top line growth for Q3 2018 with revenues totalling £348.6m. The rise in sales, from a figure of £312.7m in 2017, represented an increase of 11.5%, in comparison to the same period of the prior year.

This growth was mainly attributable to an 11.4% increase in order volume, with an average of 283,000 orders per week, for Q3 in 2018 in comparison to the 254,000 orders per week in Q3 of 2017. Ocado’s new robotic facilities at Andover and Erith are helping the company to meet the increase in demand with strong initial growth at Erith. On the other hand, average order size remained constant at £106.26 per basket.

Ocado are on track to deliver a number of new Customer Fulfilment Centres (CFCs) for its partners in the coming years after signing a contract with Kroger for Ocado’s technology.

Tim Steiner, Ocado’s Chief Executive Officer, commented on Ocado’s recent developments: “At full capacity, this latest state-of-the-art CFC will be the largest automated warehouse for online grocery in the world. We are delighted to report that last week Erith processed over 20,000 customer orders 14 weeks after opening, a number which took Andover 15 months to achieve.”

Source: Ocado

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<![CDATA[ Amazon launches “Amazon Storefronts” in push of small and medium US businesses ]]> Amazon has opened an online store where shoppers can buy specifically from U.S. small and medium-sized businesses.

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Amazon has opened an online store where shoppers can buy specifically from U.S. small and medium-sized businesses. ‘Amazon Storefronts’ is accessible from the Amazon.com homepage and direct shoppers to nearly 20,000 American firms located across 50 states. Online customers can search for goods through 25 product categories, such as Back to School, Home, Kitchen, Pet Supplies and Books.

“We’ve created a custom, one-stop shopping experience for customers looking for interesting, innovative and high-quality products from American businesses from all across the country,” said Nicholas Denissen, Vice President for Amazon.

To support the launch of the new store, Amazon is unveiling its first-ever national TV commercial featuring real businesses that sell on Amazon. With more than a million small and medium-sized businesses in the U.S. selling on Amazon, the ad gives customers a glimpse into a real business on Amazon and how Amazon is a ‘Big collection of Small.’

Earlier this year, Amazon introduced the Small Business Impact Report. According to the report, small and medium-sized businesses selling on Amazon are estimated to have created more than 900,000 jobs worldwide. In 2017, more than 300,000 U.S.-based small and medium-sized businesses started selling on Amazon.

Source: Amazon

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<![CDATA[ Duuri Oy appoints GAC Hong Kong as Far East supply chain partner ]]> Duuri Oy has appointed GAC Hong Kong as its supply chain partner in the Far East, handling the full spectrum of logistics.

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Duuri Oy, a Finnish interior detailing and finishing products specialist, has appointed GAC Hong Kong as its supply chain partner in the Far East, handling the full spectrum of logistics.

GAC Hong Kong handles full container shipments coming in for Helsinki from Foshan, China, via Nansha port in Guangzhou, and from Penang, Malaysia, as well as LCL shipments from Ningbo, China, and occasional material imports from Germany to Duuri Oy’s Foshan suppliers.

Duuri Oy is attempting to save time, effort and money whilst receiving constant status updates from GAC Hong Kong. The company will act as its single contact point for all Far East supply chain related matters including communication, operation and payments.

“It is important to have a logistics partner who can monitor all our cargo movements and keep us updated at every step of the supply chain. This mode of operation enables us to cut out a chain of middlemen in supply chain management and deal direct with GAC for everything from logistics follow-up to billing,” said Duuri Oy’s Purchasing and Logistics Manager Jari Plattonen.

Source: GAC 

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<![CDATA[ PostNord and Palletways extend collaboration to Nordic region ]]> PostNord and Palletways have signed a new agreement regarding distribution to Palletways’ European customers to and from the Nordic region.

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PostNord and Palletways have signed a new agreement regarding distribution to Palletways’ European customers to and from the Nordic region. Since 2012, Palletways has been PostNord’s distributor of pallets to and within Western Europe. PostNord also has partnerships with European players in groupage (CargoLine) and parcel (DPD) to enable deliveries to customers across Europe.

Palletways are now expanding its operations to the Nordic countries having signed an agreement with PostNord for the distribution of pallet shuttles between the Nordic region and the Eurozone. The agreement commences in October 2018.

“The service is fully integrated with the existing network, meaning customers and members have a seamless connection to any point in the Nordics. There is a clear opportunity to support companies from across Europe moving pallets to their customers in the Nordic territories,” said Luis Zubialde, Chief Operating Officer of Palletways Group.

Source: PostNord

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<![CDATA[ SOUQ launches “Amazon Global Store” in Saudi Arabia ]]> The launch of ‘Amazon Global Store’ has enabled Saudi costumers to shop for over 1 million products from the USA.

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SOUQ, one of the leading online retail and marketplace websites in the Middle East has announced the launch of ‘Amazon Global Store’, which offers customers in the Kingdom of Saudi Arabia (KSA) the ability to shop for over 1 million products from Amazon in the United States.

On Amazon Global Store, customers can now enjoy a wide selection from categories such as apparel, handbags, shoes, watches, kitchen, home goods, and many more from popular loved brands. The dedicated Amazon Global storefront is available on both SOUQ website and mobile app.

Customers can shop in Arabic or English and pay in Riyals using their local credit cards or cash on delivery. Customers will see prices in Riyals inclusive of import fee deposits at checkout (where applicable) – without any unexpected fees added later.

With Amazon Global Store’s hassle-free customs clearance, purchases are delivered direct to customers’ door steps. SOUQ offers two delivery options for Amazon Global Store, from click to delivery: priority (two to five business days) and standard (six to 10 business days). In addition, customers can speak directly with SOUQ’s customer service team in English or Arabic for any queries they might have related to the products and can generally return products for a full refund within 30 days, in most cases.

Saleem Hammad, General Manager KSA, SOUQ.com commented: “We share the same vision as Amazon and focus on providing our customers with best-in-class selection, great prices and a convenient shopping experience.”

Source: Amazon

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<![CDATA[ Nagel-Group inaugurates new warehouse in the chilled logistics centre in Bochum ]]> The Nagel-Group’s new cold store, in Bochum, has officially started operations after I. Kappel Gewerbepark Bochum GmbH & Co. KG built a new extension with 15,000 pallet spaces.

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The Nagel-Group’s new cold store, in Bochum, has officially started operations after I. Kappel Gewerbepark Bochum GmbH & Co. KG built a new extension with 15,000 pallet spaces for the food logistics provider. On site since 1876, the specialist for food logistics last extended the branch in 2011. 

The warehouse can be divided into different temperature zones with the ability to cool individual sections down to zero degrees. Handling food of all kinds, the Nagel-Group also offers on-site services such as order picking, retail packing, labelling, repacking of products, and display construction.

The Nagel-Group has rented the 13.5m high facility on a long-term basis. With this extension, the owner of the property, I.Kappel Gewerbepark Bochum, has created a high tech refrigerated logistics property. The €14m investment has an overall area of more than 11,000 sq m and 27 fully insulated loading bays.

Tobias Nagel, shareholder and Chief Technical Officer of the Nagel-Group, explained the necessity of the new building: “With the extension, we are modernising and extending our storage capacities and, thus, are able to offer our customers urgently needed space.”

By modernising the branch and gaining new customer projects, the Nagel-Group has created additional jobs in Bochum. In recent months, around 70 new jobs have been created, mainly in the warehouse area.

Source: Nagel-Group

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<![CDATA[ DHL makes LTL deliveries easier to plan and manage ]]> DHL Freight has offered customers throughout Europe an additional Fixed Delivery Day service for its standard product Freight EuroConnect.

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DHL Freight has offered customers throughout Europe an additional Fixed Delivery Day service for its standard product Freight EuroConnect. The new service allows customers to hand over their shipment to the DHL Freight network as usual and schedule the delivery up to five business days beyond the regular lead time.

Uwe Brinks, Chief Executive Officer, DHL Freight commented: “Timing is everything when it comes to planning and managing supply chains and production process. This way our customers receive their shipments exactly when needed.”

When ordering the Freight EuroConnect service, customers simply select the Fixed Delivery Day service as an additional option. After the shipment is picked up at the customer’s production or storage facility, it is stored up to five business days within the DHL Freight network so that it can be delivered on time on the specified delivery day. In Germany and Sweden, customers with domestic shipments can also specify the time of delivery (delivery before 10:00 or before midnight).

With the new service, DHL Freight makes it easier for customers to plan their production processes, offering the kind of reliability and predictability that is critical to inventory/production strategies such as just in sequence.

“This addition to our product portfolio is one more part of our Freight 2020 strategy, which aims at even better service quality for our customers,” said Brinks.

Source: DHL Group

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<![CDATA[ RDIF, Alibaba Group, MegaFon and Mail.Ru Group launch new social commerce joint venture in Russia and the CIS ]]> The RDIF, Alibaba Group, and MegaFon and Mail.Ru Group have announced a new strategic partnership to integrate Russia’s key consumer internet and e-commerce platforms.

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The Russian Direct Investment Fund (RDIF), Alibaba Group, and MegaFon and Mail.Ru Group have announced a new strategic partnership, to integrate Russia’s consumer internet and e-commerce platforms, launching a social commerce joint venture in Russia and the CIS.

Under the partnership, the parties will form a new joint venture (JV) by leveraging the existing businesses of AliExpress Russia to try to accelerate the development of Russia’s growing digital economy.

Contributing AliExpress Russia into the JV, Alibaba Group will inject cash along with other resources to support the JV. RDIF will invest new capital into the JV acquiring additional shares from Alibaba Group to become a shareholder of AliExpress Russia with a 13% stake.

MegaFon will sell its 10% stake in Mail.Ru Group to Alibaba Group in exchange for a 24% stake in AliExpress Russia. Mail.Ru Group will contribute its Pandao e-commerce business, cash and distribution product integrations in exchange for a 15% stake in AliExpress Russia.

Following the completion of the transactions, AliExpress Russia will be owned by Alibaba Group (48%), MegaFon (24%), Mail.Ru Group (15%) and RDIF (13%). The JV will operate across all e-commerce segments, including cross-border and local marketplaces and first-party retail.

The key strategic benefits of the JV look to leverage Mail.Ru Group’s 100 million internet users, further Russia’s consumption upgrade, support Russian SMEs and accelerate the Russian digital economy. The JV is also planning to broaden the ecosystem and lifestyle use cases by investing into another business together with Mail.Ru Group, including foodtech and other initiatives.

Commenting on the JV, Michael Evans, President of Alibaba Group, said: “By partnering with Russia’s leading consumer internet platform, AliExpress Russia will help digitize and transform the retail value chain in Russia, enabling a seamless and innovative experience for consumers as well as creating significant opportunities for Russian entrepreneurs and SMEs to grow in their home market and expand globally.”

Source: Alibaba Group

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<![CDATA[ Correos announces major fleet expansion ]]> Correos has renewed its fleet purchasing more than 400 vehicles.

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Correos has renewed its fleet, purchasing 404 Renault Kangoo vans for €4.9 m. The vans have a capacity of 750 kg payload each, and they will be in use in all provinces of Spain starting December 1, 2018.

Renault offered Correos technical benefits alongside the vans. Renault has included in the basic-price of the vehicles a series of free additional services such as transportation, delivery, registration, warranty, training, documentation and maintenance of the vehicles during the warranty period.

Renault ensures that its manufacturing processes comply with the Euro6 standards. The vans will be labelled with the official logo of Correos, and the driver’s area will be separated from the cargo area by a fixed sheet metal.

Of the total of 404 units, 59 vans will go to Barcelona, 45 to Madrid, 39 to Valencia, 32 to La Coruña, 30 to Seville and the rest will be distributed to the other provinces in Spain.

Source: Correos

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