Mon, Mar. 28, 4:44 AM
- Amazon (NASDAQ:AMZN) is preparing to launch a two-hour delivery service in Berlin, Germany's Welt am Sonntag reports.
- Although it has used Deutsche Post's (OTCPK:DPSGY) DHL parcel service for local deliveries in the past, Amazon is slowly building up its own distribution capabilities, as it aims to create a cost-efficient logistics system.
- Deliveries would start in May and would at first be carried out by courier firms already active in the German capital.
Fri, Jan. 8, 6:16 AM
- FedEx (NYSE:FDX) and TNT Express (OTCPK:TNTEY) have obtained unconditional EU antitrust approval for their proposed €4.4B ($4.8B) merger.
- "The European Commission has concluded that the deal does not raise any competition concerns," they said in a statement.
- The deal should catapult FedEx to second place in Europe behind Deutsche Post's (OTCPK:DPSGY) DHL.
Oct. 21, 2015, 9:57 AM
- FedEx (NYSE:FDX) is up 1.77% after European regulators back off challenging the acquisition of TNT Express by the company.
- The development is seen as positive for the broad shipping sector. UPS (NYSE:UPS) and Deutsch Post (OTCPK:DPSGY) ADRs are also higher in early trading.
- Previously: FedEx scores big win for TNT acquisition (Oct. 21 2015)
Aug. 24, 2015, 4:48 PM
- Logistics and transportation companies fell sharply in today’s global stock market rout, underscoring how much the companies stand to lose if global economic growth and trade continue to slow.
- FedEx (NYSE:FDX) fell ~9% early before mounting a partial recovery to end -4.9%, while other global carriers suffered declines, with UPS -3.6% and DHL parent Deutsche Post (OTCPK:DPSGY) ending -4% in German trading; A.P. Moeller-Maersk (OTCPK:AMKAF), which holds the world’s biggest container shipping capacity, ended -6.5% in Copenahgen.
- The group has enjoyed a 48% increase in revenues in the last five years to $751B in 2014, according to Stifel, as companies have increasingly looked abroad to source and sell their products and supply chains have grown more complex.
- U.S. trucking companies also sold off: YRCW -6.3%, XPO -2.4%, ECHO -4.2%.
Jun. 17, 2015, 10:15 AM
- Global freight and delivery stocks trade lower after FedEx was a touch light with Q1 revenue and issued cautious guidance for Q2.
- A strong U.S. dollar and narrowing fuel surcharges have been drags on the international part of the sector.
- Decliners: Air T (NYSE:AIR) -1.0%, PostNL (OTCPK:PNLYY) -1.75%, Deutsche Post (OTCPK:DPSGY) -1.0%, UPS (NYSE:UPS) -0.4%, Air Transport Services Group (NASDAQ:ATSG) -0.4%.
- Previously: Operating margin falls for FedEx in FQ4
Apr. 7, 2015, 11:15 AM
- A number of air transport stocks are on the rise after FedEx ponies up $4.8B for TNT Express.
- There's some confidence from analysts that more sector consolidation could be on tap.
- Gainers include Air Transport Services (NASDAQ:ATSG) +3.8%, Air T (NASDAQ:AIRT) +3.7%, Deutsche Post (OTCPK:DPSGY, OTCPK:DPSTF) +1.4% , Atlas Air Worldwide (NASDAQ:AAWW) +1.5%, and PostNL (OTCPK:PNLYY, OTC:TNTFF) +11.7%.
- Even UPS (NYSE:UPS) is out ahead of the broad market with a +0.6% gain.
- Previously: FedEx to buy TNT Express for €4.4B
- Previously: Investors and analysts applaud FedEx-TNT deal
Mar. 16, 2015, 12:31 PM
- FedEx (FDX +2.1%), UPS (UPS +1.6%), and Deutsche Post ADRs (OTCPK:DPSGY +1.9%) are all ahead of market averages today with oil prices in decline again.
- Oppenheimer also made some positive comments on pricing in the sector as it backed an Outperform rating on FedEx.
- The price target on FDX from Oppy sits at $200.
- UPS has had a tougher time this year than FDX with shares -10% YTD as operational complexities have kept profit expectations reined in. Across the pond, Deutsche Post is -3.5% YTD.
Currently, there's no company description for DPSGY.