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OT Logistics To Merge With Its Unit Rentrans International Spedition

Monday, 17 Jun 2019

June 17 (Reuters) - OT Logistics SA ::SAYS RESOLVES TO MERGE WITH ITS UNIT RENTRANS INTERNATIONAL SPEDITION.SAYS MERGER IS NEXT STAGE IN STRATEGY ASSUMING CONSOLIDATION OF COMPANIES COMPRISING OT LOGISTICS GROUP.

Medview Airline Posts FY Pretax Loss Of 10.3 Mln Naira

Friday, 5 Apr 2019

April 5 (Reuters) - Med-View Airline PLC ::FY LOSS BEFORE TAX 10.3 MILLION NAIRA VERSUS PROFIT OF 1.5 MILLION NAIRA YEAR AGO.FY REVENUE 9.6 MILLION NAIRA VERSUS 37 MILLION NAIRA YEAR AGO."OPERATING ENVIRONMENT REMAINED HIGHLY VOLATILE CHARACTERISED BY LACK OF INFRASTRUCTURE AND FOREIGN CURRENCY SHORTAGES"."AVIATION SECTOR REMAINED HIGHLY TAXED AND HAS WITNESSED THE ISSUE OF DOUBLE TAXATION ON NUMEROUS ITEMS UNRESOLVED EVEN".GROWTH PROSPECTS IN THE SHORT TERM ARE PROJECTED TO REMAIN SUBDUED.HAS BEEN IN DISCUSSION WITH SOME FINANCIAL INSTITUTIONS TO RAISE CAPITAL TO TURN THE FORTUNE OF THE COMPANY AROUND.

Medview Airline Says Co Is Restructuring In Order To Fully Maximize Its Operation

Friday, 12 Oct 2018

Oct 12 (Reuters) - Med-View Airline PLC ::CURRENTLY RESTRUCTURING IN ORDER TO FULLY MAXIMIZE ITS OPERATION AND PREPARE ADEQUATELY FOR THE CHALLENGES AHEAD.60 STAFF MEMBERS TO STEP ASIDE AS RESULT OF DOWNSIZING.

Tianjin Binhai Teda Logistics Updates On Reorganization Of Tianjin Tiangang United Special Steel

Tuesday, 18 Sep 2018

Sept 18 (Reuters) - Tianjin Binhai Teda Logistics Group Corp Ltd <8348.HK>::TIANJIN HIGH PEOPLE'S COURT RULED TO ACCEPT APPLICATION FOR REORGANIZATION OF TIANJIN TIANGANG UNITED SPECIAL STEEL.

Singapore Post Reports Qtrly Profit Attributable Of S$18.7 Mln

Friday, 3 Aug 2018

Aug 3 (Reuters) - Singapore Post Ltd ::QTRLY PROFIT ATTRIBUTABLE S$18.7 MILLION VERSUS S$31.4 MILLION.Q1 REVENUE S$372.6 MILLION VERSUS S$360.5 MILLION.BOARD OF DIRECTORS HAS DECLARED AN INTERIM DIVIDEND OF 0.50 CENT PER ORDINARY SHARE.DOMESTIC MAIL VOLUMES ARE EXPECTED TO TREND DOWNWARDS.IS INTEGRATING ITS ECOMMERCE AND LOGISTICS BUSINESSES TO DERIVE SYNERGY BENEFITS.US MARKET REMAINS CHALLENGING, AND CO CONTINUES TO FOCUS ON TURNAROUND PLAN AND COMING PEAK SEASON.GROUP IS INTEGRATING ITS ECOMMERCE AND LOGISTICS BUSINESSES.

Bpost Targets 2019 Normalized EBIT At Low End Of EUR 390-440 Mln Range

Thursday, 21 Jun 2018

June 21 (Reuters) - BPOST SA ::AT ITS CAPITAL MARKETS DAY, BPOST WILL OUTLINE A REDEFINED VISION FOR 2022, THREE STRATEGIC PRIORITIES, AND MID-TERM OBJECTIVES FOR THE PERIOD 2018-2022.VISION WILL ENABLE BPOST TO FACE THE RAPID AND COMPLETE TRANSFORMATION OF THE POSTAL SECTOR BOTH ABROAD AND IN BELGIUM.BY 2022 TARGETS 45% OF REVENUES GENERATED BY ACTIVITIES OUTSIDE BELGIUM AND 60% OF REVENUES GENERATED BY PARCELS AND LOGISTICS ACTIVITIES.NORMALIZED EBIT 2019-2022: AMBITION TO ACHIEVE ORGANIC NORMALIZED EBIT IN THE RANGE OF €390M TO €440M, WITH 2019 EXPECTED TO BE THE LOW END OF THE RANGE.NORMALIZED EBIT 2018: GUIDANCE OF LOW END OF EUR 560-600 MILLION NORMALIZED EBITDA EQUIVALENT TO NORMALIZED EBIT OF EUR 400-440 MILLION.BPOST HAS DEFINED ITS ROADMAP TO TURN RADIAL INTO A LEADING PLAYER IN PROMISING US E-COMMERCE LOGISTICS SEGMENT IN ORDER TO REACH AN EBITDA CONTRIBUTION OF $100M-120M BY 2022.MANAGEMENT IS COMMITTED TO DELIVERING EARNINGS TO BE IN A POSITION TO SUSTAIN THE DIVIDEND. THE PAYOUT POLICY IS UNCHANGED WITH AT LEAST 85% PAY-OUT OF BGAAP NET PROFIT.RADIAL ANNUAL REVENUE GROWTH OF +7-9% BETWEEN 2019 AND 2022, AND AN EBITDA CONTRIBUTION IN RANGE OF $ 100 MILLION-120 MILLION BY 2022.ON JUNE 20, STANDARD & POOR'S HAS ASSIGNED TO BPOST LONG TERM AND SHORT-TERM ISSUER CREDIT RATING AT A AND A-1 RESPECTIVELY.

Roadrunner Transportation Systems - Announces Integration Of Active Aero Group, USA Jet, Rich Logistics

Wednesday, 16 May 2018

May 16 (Reuters) - Roadrunner Transportation Systems Inc ::ROADRUNNER TRANSPORTATION SYSTEMS - ANNOUNCES INTEGRATION OF ACTIVE AERO GROUP, USA JET, RICH LOGISTICS.ROADRUNNER TRANSPORTATION - ACTIVE AERO GROUP, USA JET, RICH LOGISTICS TO CONTINUE TO EXIST, WILL NOW BE INTEGRATED, OPERATE UNDER ONE MANAGEMENT TEAM.

Deutsche Post CFO Says Will Give More Details Of Cost Reduction Meaures For Post & Parcels Division In Q2

Tuesday, 8 May 2018

May 8 (Reuters) - Deutsche Post AG CFO to journalists::DEUTSCHE POST CFO SAYS WILL GIVE MORE DETAILS OF COST REDUCTION MEAURES FOR POST & PARCELS DIVISION IN Q2.

Marks And Spencer Announces Closure Of Its Hardwick Distribution Centre

Tuesday, 17 Apr 2018

April 17 (Reuters) - Marks And Spencer Group Plc ::HARDWICK DISTRIBUTION CENTRE (DC) ON HARDWICK GRANGE, NEAR WARRINGTON, WILL CLOSE.DHL HAS BEEN APPOINTED TO RUN NEW M&S SOUTH EAST DISTRIBUTION CENTRE AT WELHAM GREEN, HERTFORDSHIRE.IS IN PROCESS OF AUTOMATING ITS DC IN BRADFORD AND IT CAN NOW HANDLE MORE CAPACITY.HARDWICK DC WILL CEASE OPERATIONS IN SEPTEMBER AND WORK WILL TRANSFER TO OTHER SITES ACROSS M&S NETWORK.BOTH XPO AND DHL HAVE NOW ENTERED A PERIOD OF CONSULTATION WITH CIRCA 450 COLLEAGUES WHO WORK ON SITE.NEW SOUTH EAST DC AT WELHAM GREEN IS SET TO OPEN IN 2019 AND DHL WILL RECRUIT AROUND 500 COLLEAGUES TO WORK AT SITE.

DX (Group) Plc Posts H1 Pretax Loss Of 14.1 Mln Pounds

Thursday, 29 Mar 2018

March 29 (Reuters) - DX (Group) Plc ::H1 PRETAX LOSS -14.1 MILLION STG VERSUS -29.3 MILLION STG LOSS YEAR AGO.H1 REVENUE 146.6 MILLION STG VERSUS 142.7 MILLION STG YEAR AGO.RESULTS IN FIRST HALF REFLECT ANOTHER CHALLENGING PERIOD FOR DX..NEW MANAGEMENT TEAM, LED BY LLOYD DUNN, DEVELOPED TURNAROUND PLANS TO SET BUSINESS ON ROAD TO RECOVERY AND LONG-TERM PROFITABLE GROWTH."TRADING CONDITIONS REMAIN CHALLENGING, BUT WE ARE ALREADY SEEING ENCOURAGING SIGNS THAT OUR TURNAROUND PLANS ARE GAINING TRACTION"."TURNAROUND PLANS ARE GAINING TRACTION AND EXPECT THIS TO BUILD THROUGH YEAR AND INTO 2019.".DIVIDEND POLICY WILL BE KEPT UNDER REVIEW.INTENDS TO RAISE GROSS PROCEEDS OF ABOUT £4.0M VIA A PLACING OF ORDINARY SHARES AT A MINIMUM PRICE OF 7.41 PENCE PER ORDINARY SHARE.SAYS TOOK A IMPAIRMENT CHARGE OF £5.3 MILLION IN THE PERIOD RELATED TO TURNAROUND PLAN.

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