Author: Archive

China Post Airlines launch international cargo flight service

Posted by | Aug 4, 2006 | |

China Post Airlines launched its first international cargo flight service on Thursday, opening an air route from Beijing to Seoul in the Republic of Korea .

The airline, jointly owned by China Southern Airlines and China’s State Post Bureau (China Post), will extend its air routes to Europe and America as well as other countries in Asia when the time is ripe, the Xinhua-run Shanghai Securities News reported Friday.

Facing drastic competition at home from international delivery giants that have entered the Chinese express delivery market, the airline is trying to compete by entering the international cargo market, said the paper.

In line with its commitments to the World Trade Organization, China’s express delivery market was fully opened to competition in December last year. Now international delivery companies such as DHL, FedEx, TNT and UPS hold more than 60 percent of the domestic market.

The market share of China Post’s express mail service (EMS) has been shrinking, challenged not only by foreign players but also by private domestic companies, said the paper.

By April this year, private delivery services accounted for 80 percent of the country’s intracity express service and 50 percent of inter-provincial business.

In an effort to outrun its competitors, China Post last year introduced next-morning delivery and cross-region delivery, using overnight flights. China Post Airlines is the first domestic air company to fly overnight, the paper reported

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Post office® boosts Instant Saver rate to 5%

Posted by | Aug 3, 2006 | |

From 29th August 2006 the Post Office® is increasing the rate on its Instant Saver account from 4.75% to 5.0%*, in line with the new Bank of England base rate rise.

The rate will be available to new and existing Instant Saver customers.

Richard Norman, Head of Savings, said: “The Post Office® is committed to offering customers great value and we want to pass this new rate on to savers as soon as possible so they get the most out of their money.”

Post Office® Instant Saver is guaranteed to remain within 1.0% of the Bank of England base rate and the account offers six free withdrawals a year with a flat fee of just GBP 1 for future withdrawals.

Instant Saver is available at all of the UK’s 14,300 Post Office® branches, by telephone and online. Withdrawals can be made both at branches and ATMs, offering unrivalled choice and convenience.

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TNT Express wins VOLVO Dubai Contract

Posted by | Aug 3, 2006 | |

TNT Express – the world’s leading B2B express delivery company – has unveiled a two-year contract with Volvo for transportation services from the automobile giant’s newly-built Regional Parts Distribution Centre (RPDC) in Dubai.

The distribution centre makes spare parts available to dealers of Volvo trucks, Mack trucks, Renault trucks, Volvo Construction Equipment and Volvo buses in 17 countries throughout the Middle East and Africa.

The link-up will see TNT responsible for transporting more than 1.1 million kilograms of spare parts annually from the Volvo RPDC, of which 90% will be moved through the company’s strategic Middle East Road Network (MERN).

“Key reasons for TNT’s success are its ability to meet and exceed Volvo’s transit time requirements and in offering competitive rates in the high volume trade lanes across the region,” said Darryl Regan, Regional Director for India, Middle East and Africa (IMEA).

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DHL adds new Asia Pacific flights direct to New York

Posted by | Aug 3, 2006 | |

DHL, the express delivery and logistics company, today announced the introduction of five new direct overnight flights from key Asia Pacific markets directly into DHL’s International Gateway located at John F. Kennedy International Airport in New York. The new flights will increase the air capacity of DHL’s global transportation network by eight tons daily, enhancing DHL’s ability to serve current and new customers along the fast-growing U.S.-Asia Pacific trade lane.

DHL’s new flights to New York’s JFK Airport consist of two daily direct flights from DHL’s Central Asia Hub in Hong Kong, and one direct flight each from DHL’s hubs in Bangkok, Thailand; Singapore; and Taipei, Taiwan.

In 2004, the Asia Pacific-U.S. trade lane accounted for USD 533 billion in exports to the U.S. The new direct DHL flights to New York significantly increase cargo capacity on air routes from Asia Pacific to the U.S. East coast to meet customer demand, and underscore DHL’s ongoing commitment to providing the most extensive international air express network for customers throughout Asia Pacific and the U.S. With the addition of these new flights, DHL customers will also benefit from enhanced next day express services to the U.S. using DHL International Document Service and DHL Worldwide Priority Express; later cut-off times, and earlier delivery times for shipments originating in Asia Pacific and destined for the greater New York/New Jersey area.

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The mail and the Net U.S. Postal Service gets an online boost

Posted by | Aug 3, 2006 | |

At a recent conference that attracted 15,000 eBay enthusiasts to Las Vegas, the main sponsor was a big advocate of online shopping: the U.S. Postal Service.

Yet the Internet is actually injecting new life, and sorely needed revenue, into the Postal Service. And it is happening with packages, millions of them shipped every day, in a journey that starts with a few mouse clicks and ends days later at a customer’s door.
In 2005, revenue from first-class mail like cards and letters, which still made up more than half the Postal Service’s total sales of USD 66.6 billion, dropped nearly 1 percent from 2004. But revenue from packages helped make up for much of that drop, rising 2.8 percent to USD 8.6 billion last year, as it handled nearly three billion packages.
It is impossible to say how many of these were online orders, but Postal Service officials give e-commerce a lot of credit.

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Postal Service Names New Chief Financial Officer and Executive Vice President

Posted by | Aug 3, 2006 | |

Harold Glen Walker, a Certified Public Accountant with over 30 years of domestic and international financial experience, has been named Chief Financial Officer and Executive Vice President for the U.S. Postal Service.

In his new position with the Postal Service, Walker is responsible for the organization’s Finance, Treasury, Information Technology, and Supply Management functions. He will serve as a member of the Executive Committee, reporting to the Postmaster General, and will also serve as Chairman of the corporate Capital Investment Committee.Walker previously was Vice President of Finance and Chief Financial Officer for Invensys Control, and was also Vice President and Chief Financial Officer for a significant portion of Whirlpool Corporation’s international operations, encompassing 35 nations in Europe, the Middle East and Africa. While at Whirlpool, Walker organized and located a shared services center in Dublin, Ireland that has served as a model for many major multi-national companies.

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Royal Mail price changes

Posted by | Aug 3, 2006 | |

Households across Scotland are to be sent information about Royal Mail’s new pricing policy, which will come into effect later this month.

The leaflets explaining the scheme, which will take into account the size and thickness of mail as well as its weight, will be sent over the next fortnight.

Royal Mail is also spending GBP10million publicising the changes which will mean 85% of mail will be cheaper or will cost the same. The changes, which will come in on August 21, will also benefit business. For more information visit a post office branch, call 08456 113113 or log on to www.royalmail.com/size

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5,000 new bikes for the Royal Mail

Posted by | Aug 3, 2006 | |

The Royal Mail has saddled itself with a bill for pounds 3m by buying 5,000 new bikes for postmen and women.

The British-built Pashley Mailstar models will replace older bikes in the postal organisation’s 33,000-strong fleet.

The Communication Workers Union welcomed the move and claimed it had persuaded the company to end an “embargo” on replacing bikes.

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