Vietnamship
website information
Read MoreAuthor: Archive
NZ Post rises above challenges
New Zealand Post’s annual underlying June-year net profit rose by 17 per cent despite a challenging business environment, including an accelerated decline in letter volumes and surging fuel prices.
The group, which has a number of subsidiaries and divisions including Kiwibank, junk-mail business Datamail and Express Couriers’ joint venture with DHL, reported a net profit of NZD 68.7 million.
Kiwibank’s strong performance helps to boost profit despite fall in letter volumes
Last year the group reported a net profit of NZD 137.2 million or NZD 58.6 million excluding the one-off gains made from the partial sale of ECL to DHL.
Group operating revenue at NZD 1.11 billion was up 4.5 per cent on the previous year excluding ECL. Operating expenditure at NZD 1.02 billion was up 3.3 per cent driven by annual wage rises, new jobs at Kiwibank and a NZD 2 million to NZD 3 million increase in fuel costs.
NZ Post’s core letters business has taken a battering thanks to the rise of email. Letter volumes have fallen by an average of 1 per cent a year. Allen said yesterday they had declined by 2.3 per cent in the June year.
But the ongoing declines were being offset by increasing efficiency and direct mail volumes, much of them related to international marketing operations by New Zealand and overseas companies.
Read MoreAtlas Air orders 12 Boeing 747-8 Freighters
Boeing has announced that Atlas Air will be the North American launch customer for the 747-8 Freighter. Atlas has ordered twelve of these aircraft, at a total list price of USD3.4 billion.
Atlas will begin taking delivery of the aircraft in 2010, and expects all twelve to be in service by the end of 2011.
According to Atlas Air Worldwide Holdings president & CEO William Flynn, global air cargo traffic is projected to grow by more than 6% every year for the next two decades, tripling current traffic levels.
Read MoreCargolux: A Look at Market Access
Cargolux: A Look at Market Access. Ulrich Ogiermann. Air Cargo Forum 2006, Calgary, Sept. 13, 2006
Read MoreDirect Mail Delivers. US direct mail market size
These excerpts appear courtesy of American Printer magazine, a trade magazine serving the commercial printing industry, and the author, John Zarwan.
Among all the bad news for print markets, direct mail remains one bright spot. Annual spending on U.S. direct mail advertising is approximately USD 60 billion a year, and it’s growing at a healthy clip – seven to eight percent a year. In 2005, companies and other groups sent out 100 billion pieces of direct mail, up 16 percent from 86 billion pieces in 1000, according to the United States Postal Service.
Mail is an important medium, one that inspires trust and helps build brand and product awareness. Relative to other media, it is inexpensive and flexible. Direct mail remains a growing medium because of its inherent advantages as well as external events, such as “do not call” legislation, pushing direct marketers toward print communications. As a result, regular mail continues to be the essential tool in communicating with the consumer.
As alternative media become fragmented, direct mail becomes more important. With hundreds of television channels and dwindling newspaper circulations, physical mail is one of the last ways to reach a large number of consumers. Direct mail is an increasingly attractive option as better databases and software allow targeted promotions to individuals based on past purchases in stores and on the Internet. Innovations in inserting and in digital printing make it easier for businesses to personalize direct mail.
Read MoreTNT makes sweet music
Business-to-business express deliverer TNT has struck the right note with a significant deal to deliver the hottest names in home entertainment to the customers in double-quick time.
TNT Express Services UK & Ireland sealed the three-year deal with the Pinnacle-Arvato Group to deliver more than 100 million home entertainment products a year to more than 2,000 UK retail outlets.
Mega delivery: Danny Geach, TNT Technology Express Business Development Manager, who helped win the Pinnacle-Arvato deal, says 100 million products will be distributed each year
The express delivery giant has won the contract from the Pinnacle Arvato Group to make overnight deliveries to independent retailers and major High Street chains, stocking music , film entertainment and computer games.
Read MorePost Group achieves solid profit in challenging year
The New Zealand Post Group has announced a net after-tax profit of USD68.7 million for the year ended 30 June 2006.
Chief Executive John Allen says the result, in a “challenging business environment”, was a solid improvement of 17% on the previous year’s comparative result of USD58.6 million (excluding the gain of the partial divestment of Express Couriers Limited (ECL) in 2005).
“Rising fuel prices, a tight labour market, increasing competition in key market segments and continuing changes in the way customers use our letter services have combined to make this a challenging year for the New Zealand Post Group.
“The financial result reflects the efforts of people throughout the business to respond to our changing customer requirements, work to contain costs, and identify and pursue strategic opportunities for growth.”
Mr Allen says the Group’s diversification strategy is proving effective with strong performances from Kiwibank, Datamail Group and international postal business.
“Kiwibank performed particularly well, more than doubling its after tax profit to USD15.8 million from USD7.2 million in 2004/05. This result was driven by growth in Kiwibank customer numbers, home loans and deposits.”
Read MorePostal restructuring shows market is maturing
On September 4, the postal administration was established in four provinces and provincial-level Tianjin. The China Post Group Corp is under preparation. Moreover, banking regulators have nodded approval for the launch of the postal deposit bank.
The move, which splits postal regulation from business in those regions, marks the most substantial postal reform in past years. It has a profound impact on deepening the reform of the sector, and its success will provide valuable lessons for those departments where the regulatory and business functions remain mixed up.
Meanwhile, it also serves as an example for the adjustment of governmental functions, a well-touted idea in current China.
In our maturing financial market, there have been varieties of banking institutions, including domestic banks, share-holding banks and foreign banks. Now the new postal bank will activate the market and help the public enjoy more convenient services. The postal bank, thanks to its far-reaching networks, is able to make full use of its existing advantages to compete with other financial institutions.
The current postal reform, predictably, will have an impact beyond one single department.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.