Author: Archive

Further setback for German start-up Red Parcel Post

Posted by | Oct 23, 2006 | |

Red Parcel Post, the planned new German parcel company, has suffered its latest setback with the loss of an important financial investor. Doubts continue to surround the planned start of operations in 2007.

Experienced German freight industry entrepreneur Manfred Boes, a former founder of German Parcel (now GLS) and recently elected as president of Fiata, the world freight forwarders association, has confirmed that he has quit as an investor in the firm. He told German logistics magazine Logistik Inside that “the new shareholder structure does not match our planning”.

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Flying on its own

Posted by | Oct 23, 2006 | |

FedEx’s buy-out of its local partner should take its China business to new heights. FedEx Corp, a US delivery company, joined the movement in January, when its courier arm, FedEx Express, announced it would spend USD400m to buy out the 50per cent stake held by its China joint-venture partner of the past seven years. Included in the deal was the latter’s nationwide domestic delivery network. The same month FedEx broke ground on a USD150m project to build its Asia hub at Guangzhou’s brand-new Baiyun airport, the biggest and busiest airport in south China. When completed in December 2008, FedEx’s new base will handle 30-35 flights daily in and out of Guangzhou, linking 24 cities across Asia in the company’s network to the US and Europe.

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Postbank expands international real estate finance

Posted by | Oct 23, 2006 | |

Deutsche Postbank AG is seeking to further expand its business in providing finance for commercial real estate, and to boost its growth on international markets in particular. This was highlighted by Stefan Jütte, Board member with responsibility for Credit at the Bonn-based bank, at the “Expo Real” international real estate trade fair in Munich. “We have dual access to the markets outside Germany: firstly, we follow our corporate customers in their business abroad, providing them with support in real estate acquisitions. Thus, we are gradually accessing markets in Eastern Europe and sounding out new business opportunities, for example in Turkey. Secondly, in our London branch and our PB Capital subsidiary in New York, we have successful bases in the key real estate markets of the United Kingdom and North America.”

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Free ATMs pledge could save post offices

Posted by | Oct 23, 2006 | |

Post offices struggling for survival were given a welcome boost today after a high street bank pledged that they would install cash machines at 100 sites.

The Royal Bank of Scotland said that 100 of the 300 free-to-use cash machines it wants to install in the UK’s poorest communities will go in post offices.

It came just days after Tony Blair was told of the crisis facing the post office network with closures expected across the country. National Federation of SubPostmasters general secretary Colin Baker welcomed the move by RBS yesterday.

The possible closure of post offices has become a burning issue in both rural communities and inner cities where customers struggle to access services.

Post offices have lost much needed income as they are stripped of key services such as television licences and car tax which are now available online.

Mr Baker said some postmasters were even forced to use their savings to keep post offices open.

The crisis coincides with calls for more free-to-use cash machines in deprived areas where people with limited means struggle to access much-needed funds.

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An Post will get cash to open up the market

Posted by | Oct 22, 2006 | |

An Post is likely to be compensated if new competitors ‘cherry pick’ lucrative, highly-populated areas after the postal market is opened up to competition in 2009.

A European Commission Directive announced last week by the EU Internal Market and Services Commissioner Charlie McCreevy w ill expose An Post to the full rigours of competition in all sections of the postal markets in just over two years.

McCreevy sa id the directive would deliver ‘‘efficiency, quality, performance and profitability’’ to postal companies. European postal companies will be free to compete in the domestic letter market and deliver mail directly to the public.

But the government can impose a levy on new entrants to compensate An Post for losses arising from its legal obligation to deliver domestic mail to poorly populated areas, which are loss-making.

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Deutsche Post's Schimmelmann sells shares worth 5.57 million euro

Posted by | Oct 22, 2006 | |

Deutsche Postbank AG chief executive and member of Deutsche Post AG’s management board, Wulf von Schimmelmann, has sold a large portion of the shares he owned in Deutsche Post, fuelling speculation that he may step down prematurely, reported Focus magazine without citing sources.

The magazine said that Schimmelmann sold 268,000 shares in four separate tranches with a combined value of around 5.57 mln euro.

Deutsche Post could not be reached for comment on the report.

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Logistics road network to link ME and Europe

Posted by | Oct 22, 2006 | |

TNT Express, an international express delivery company plans to link the Middle East with the European market through the road network. The cargo major is expanding its presence to Syria and Lebanon by the end of this year and then links it with Turkey.
The move comes as TNT develops its Middle East Road Network (MERN), starting with its ‘Day Definite’ service, which guarantees customers the exact number of days to delivery.
Speaking to Khaleej Times, Rodney Ellis, TNT Express’s Commercial & marketing Manager , Gulf says, “the road network is the backbone of TNT’s regional strategy and we plan to launch routes linking the Gulf countries with the wider Middle East and Europe next year.”

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Spanish express market forecast to grow 8.2% this year

Posted by | Oct 20, 2006 | |

Spain’s courier and parcels market is expanding rapidly, forecast to increase by 8.2% this year to euro6.6 billion following a 7% rise in revenues in 2005 and over 9% the year before.

The expansion is due to strong industrial output, the internationalisation of trade and an electronic commerce boom, say Spanish researchers DBK.

Business parcels overall grew 8.6% last year and industrial packages by 5.1%. International parcel deliveries were up, for the industrial sector by over 10% and the business sector by 8%.

Seur, MRW, DHL, Iberia TNT and MEX are the main players with a combined market share of almost half. Over 5,300 companies registered to collect and deliver mail, 7% up on 2004, according to the study.

“The most dynamic growth corresponded to business parcels, stimulated by good performance by the private sector,” the report says.

“Geographical coverage by the main players is growing all the time, the expansion often based on the development of franchise networks and alliances between operators.”

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