LBC halts operations in Luzon

LBC express inc., the Araneta family-led courier, announced that it will suspend its cargo services starting sunday. during this five-day service interruption, all LBC branches will cease accepting cargo shipments, such as parcels and boxes for forwarding to all destinations, the company said. its service will resume on July 17.

its money remittance and bill payment services will remain available to customers, across all its 1,500 branches nationwide and through its online platform.

Affectedareasincludenationalcapitalregion(ncr), north luzon, south luzon for all domestic cargo, and also for the Visayas and Mindanao for domestic cargo to ncr, north and south luzon.

the company said it needed to halt its operations so the company can install all the safety reinforcement to protect everyone from the spread of Covid-19. it said a backlog is being created while the installations are being done.

“LBC has been operational all throughout the ECQ and GCQ. reinforcements, such as three new warehouses, have already recently been opened, to ensure social distancing and other protocols, and facilities are also being equipped with protective shields, disinfection booths, while new online touch-points to provide contactless options are being launched,” the company said in a statement.

the company said its income rose to p187.71 million, 24 times higher than last year’s p7.57 million, partly on the provision of lower income taxes for the period.

service revenues were flat at p3.8 billion, from last year's p3.71 billion, mainly from the increase in the revenues if the logistics segment but was offset by lower corporate sales due the disposal of its unit in July last year.