Shares of Deutsche Post DHL, FedEx, TNT and UPS all rose in November after a drop in October andcontinuous increases in recent months, CEP-Research analysis shows.
In November, FedEx shares experienced the biggest rise with 16.18% as of 30 November comparedto 30 October. Shares of Deutsche Post DHL, UPS and TNT rose more moderately by 8.43%, 7.06% and6.86% respectively. In October, shares of TNT (-1.42%), FedEx (-3.36%), UPS (-4.94%) and DeutschePost DHL (-10.16%) had all fallen (October 30 compared to 30 September).
Over the course of November, Deutsche Post DHL shares rose from €11.50 on 30 October to€12.47 on 30 November. Shares rose slightly in the first half of the month and experienced someminor ups and downs in the second half with a slight downward trend at the end of November. OnNovember 5, Deutsche Post DHL released its Q3 results showing an 18.6% drop in group revenues butthe underlying Ebit decline was limited to 10% by cost savings measures and improved DHL Expressresults. Developments negatively affecting DHL Express included the announced plans to cut 788 morejobs in Brussels and a strike by French workers over fears that the loss-making domestic parcelsbusiness might be sold off.
TNT shares also rose at single-digit levels from €18.08 on 30 October to €19.32 on 30November. In the first week of November, shares rose slightly but then remained more or less on thesame level with some minor ups and down until the end of the month. On November 2, TNT announced Q3results showing a 5.8% underlying drop in group revenues and a 7.2% decline in Ebit. Similarly toDeutsche Post DHL, the profit decline was limited by substantial cost savings measures. Anotherimportant development at TNT during the month was the continued disagreement with unions andemployees over cost savings in the Dutch mail business.
FedEx shares went up at double digit rates from $72.69 on 30 October to $84.45 on 30November. In the first half of November, FedEx shares soared 17% from $72.87 to $85.26. But in thethird week of November, shares dropped 4% before recovering again at the end of the month with someminor downs in between. In November, FedEx Express intensified its international service expansionwith a fast express delivery service in the UK and a domestic express service in India, improvedits delivery service in Romania and extended its International Economy services to Brazil. InTurkey, it teamed up with major air cargo company and domestic express operator MNG Kargo to expandits position in emerging markets.
UPS showed a more moderate share price increase in November with shares going up from $53.58to $57.47. UPS shares rose moderately throughout the month with continuous ups and downs. OnNovember 6, senior executives celebrated the 10th anniversary of the company’s IPO and signalledfurther acquisitions to continue international and supply chain growth ambitions. Importantdevelopments included the announced price hike of 4.9% on average from January 2010, outpacing the3.9% rate increase announced by FedEx Express.
