Author: Archive

Irish Postmasters reject Fortis

Posted by | Nov 16, 2006 | |

An Post’s new banking joint venture with Fortis is facing uncertainty following a decision by the postmasters’ union not to work on the new project.

The Irish Postmasters’ Union said it took the decision because agreement could not be found on improved payments for transacting existing An Post business.

In addition, the union said the company’s failure to make any long-term commitment about volumes of social welfare and other State business and the payments to IPU members for operating these functions had also contributed to the impasse.

It said it would not undertake any new work for An Post, including the implementation and operation of the new Fortis banking project, until the issue had been resolved.

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United Nations Advisors Group aims to expand access to financial services for the poor and micro entrepreneurs

Posted by | Nov 16, 2006 | |

Leading financial experts from around the world gathered in Halifax, Nova Scotia on Thursday to discuss strategies for improving access of the world’s poor to loans, savings, insurance, remittances and other financial services. Currently two to three billion people are excluded from financial services worldwide, services that could have a dramatic effect on improving livelihoods and ending poverty.

It was the second official meeting of the United Nations Advisors Group on Inclusive Financial Sectors, which consists of 25 representatives from governments and policy makers, regulatory authorities, central banks, commercial banks, microfinance institutions, development organizations, donor agencies, academia and civil society. The Group is engaging the active participation from this broad range of participants.

The Advisors Group, which has a two-year mandate, provides advice and guidance to the UN and aims to help remove the barriers that prevent the poor from accessing a broad range of financial services on a sustainable basis. Its objectives are to address specific constraints that are limiting access to financial services, to explore and expand opportunities to broaden and deepen the financial services sector in countries worldwide and to firmly establish access to financial services as an integral part of the global development agenda.

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DHL consolidates its presence in the Basque Country with the purchase of Transportes Eganaberri

Posted by | Nov 16, 2006 | |

DHL Iberia, the world leading transport and logistics company , has recently acquired the Egañaberri transport company.

This operation was completed at the end of October and means the Bergara depot’s integration into the DHL group, as the Egañaberri transport company operated in that town under the DHL Express trademark as DHL’s representative in West Gipuzkoa, serving the whole of the Deba Valley.
In this way, the two DHL Express centres covering the province of Guipuzcoa (San Sebastian and Bergara) now belong to the DHL Group.

With this operation, DHL has consolidated and strengthened its presence in the Basque Country, where it recently opened new premises at Bilbao airport and the air hub for Spain, Portugal, South-West France and Noth Africa, in Vitoria.

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DP World confirms GBP 1.5bn investment in London Gateway Project

Posted by | Nov 16, 2006 | |

Dubai World chairman Sultan Ahmed Bin Sulayem has confirmed that DP World plans to invest GBP 1.5 billion in the London Gateway Project.

The London Gateway project will include a world-class port capable of handling the largest deep-sea container ships, as well as the UK’s largest multi-modal business and logistics park.
The London Gateway developments will contribute significantly to the UK government’s wider Thames Gateway regeneration program.

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Finland Post Logistics to start Moscow Operations ahead of time

Posted by | Nov 15, 2006 | |

Finland Post’s first logistics centre will start operating in Moscow in February 2007, earlier than planned. The new logistics centre and Russia’s strong economic growth will enable Finland Post Logistics’ development and expansion in western Russia in the next few years.

Used by Finland Post Logistics, the logistics centre has an area of some 20,000 square metres. It will provide contract logistics services, including finishing services such as preparing goods for delivery in Russia, service warehousing and delivery services, as well as transport and forwarding services in the growing Russian market. The centre has paid special attention to security requested by customers, which meets the highest international standards.

The first customers in need of contract logistics services include international electronics and IT corporations, such as Canon and Brightpoint, but the centre also expects Finnish grocery companies and specialty goods companies to number among its customers.

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The USPS year-end financial figures for 2006

Posted by | Nov 15, 2006 | |

The FY2006 year-end financial figures were released today by Chief Financial Officer and Executive Vice President H. Glen Walker during the Board of Governors’ meeting. Total revenue was USD72.8 billion, and total expenses were USD71.9 billion, a 4.9 percent increase over the previous year. The net deficiency, after including a USD3 billion escrow allocation, as required by law, was USD2.1 billion. While the mail volume decline continued for First-Class Mail (0.5 percent decrease from the previous year), Walker said growth in Standard and Priority Mail helped increase overall mail volume to 213 billion pieces. Walker also reported that the fiscal year ended with a record consecutive year in positive total factor productivity. Total Factor Productivity increased by 0.4 percent in FY2006.

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DHL expects a growth of 10% a year in Thailand

Posted by | Nov 15, 2006 | |

Express and logistics giant DHL expects to grow more than 10 per cent a year in Thailand following the opening of its new facility at Suvarnabhumi Airport, The Nation reports.

DHL has spent USD22 million (Bt805 million) on the logistics hub inside the airport’s Customs Free Zone, which – at more than 12,000 square metres – is five times larger than its previous facility at Don Muang Airport.

DHL has been expanding its network and capacity throughout Asia, and the Bangkok hub has been designated the gateway to Indochina, said Scott Price, DHL’s Asia-Pacific chief.

With economies growing and exports surging, Indochina’s logistics business is poised for increased growth, Price said.

He said neither the political situation nor the baht’s appreciation had had an effect on DHL’s expansion in Thailand.

The Bangkok hub will boost service efficiency and speed up cargo processing. It has the capacity to handle more than 23,000 pieces per hour and more than 6 million shipments a year and will employ more than 200 workers.

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Arab world's total postal income grows by 21.6%

Posted by | Nov 15, 2006 | |

Dubai: Total operating income from the Arab world’s postal services grew 21.6 per cent to USD1.34 billion last year, according to the Universal Postal Union (UPU).
Compared to this, Emirates Post last year reported net profits of Dh133 million.
Postal authorities of the 21 Arab countries that serve 310 million people through 17,000 offices, also employ 119,000 people, which is 2.2 per cent of the 5.5 million world postal workforce.
Nearly 70 per cent of the Arab postal administrations are public. The Arab postal authorities last year handled 1.2 billion domestic, 285 million international letter posts and 1.4 million percels.
About 39.9 per cent of all the mails were letter post while 28.1 per cent parcel post and 28.4 per cent other products and services.

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