Author: Archive

Cash Flow from Operations for FedEx Reaches Eight Year High

Posted by | Jul 18, 2006 | |

CashFlowNews.com reports that Cash Flow from Operations for FedEx Corporation (NYSE:FDX) for its quarter ended May 31, 2006 was $1,457,000,000, a 26% increase over the year earlier same quarter when FedEx generated USD1,157,000,000 in Cash Flow from Operations.
FedEx has generated thirteen consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a eight year high. For FedEx’s twelve months ended May 31, 2006 Cash Flow from Operations was USD 3,676,000,000, compared with USD3,117,000,000, a 17.9% increase over the comparable year earlier twelve months. Cash Flow from Operations for the most recent twelve months also reached a eight year high. The shares of FedEx were recently trading at USD108.82 which is within 10% of their ten year high of USD120.01 on May 5, 2006.

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Price change for UK post

Posted by | Jul 18, 2006 | |

Changes to postage prices could cause confusion at Post Office branches, customers and consumer groups have warned.

Royal Mail is bringing in a new system called Pricing in Proportion, which it claims will make the cost of posting a letter fairer.

The changes, which come into effect on August 21, mean charges will be based on size and thickness as well as weight.

The cost of posting an A4 envelope will go up – with a new 44p stamp introduced.

Royal Mail says the new system better reflects the cost of collecting, sorting and delivering mail.

But some people are worried it could cause frustration at the Post Office counter.

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Business Post Group – Director/PDMR Shareholding

Posted by | Jul 18, 2006 | |

Announcement to the London Stock Exchange

LTIP awards

On 17 July 2006 the following executive directors of the Company, were granted

awards (‘LTIP awards’) entitling them to acquire ordinary shares of 10 pence in

the Company under the Business Post Group Long Term Incentive Plan as summarised

below:

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German Deutsche Post Might Start Paying VAT on Mail Deliveries 2008

Posted by | Jul 18, 2006 | |

German postal services group Deutsche Post AG could start paying value-added tax (VAT) for its courier, express and package services after the revocation of its exclusive licence on mail dispatching, German economic newspaper Wirtschaftsmagazin Euro reported on July 17, 2006, citing sources from the German Ministry of Finance.

Deutsche Post currently holds a monopoly on the dispatching of letters and catalogues of up to 50 grammes.

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German Postbank Set to Expand Mobile Sales After BHW Takeover

Posted by | Jul 18, 2006 | |

Deutsche Postbank AG, the banking arm of German postal services group Deutsche Post AG, plans to increase the annual profit per customer in its mobile sales business after the takeover of German mortgage lender BHW Holding AG and its integration into Postbank, the bank’s CEO Wolfgang Klein said in an interview on July 18, 2006.

Currently, Postbank generates some 100 euro (125.2 USD) profit per mobile customer annually, while the old BHW business has an annual profit of some 300 euro (376 USD) per mobile customer.

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AFL launches WiZ

Posted by | Jul 17, 2006 | |

AFL Private Limited, the leading express and logistics solutions provider in India, has announced the launch of ‘WiZ Express’, India’s first retail courier product. Aimed providing accessibility to the retail customer segment comprising individuals, housewives, students and traders, the product is being made available in their neighborhood market outlets such as grocery stores, medical stores and telecom centers among others. ‘WiZ’ promises to create a revolution in the Courier Industry with its value for money pricing at Rs. 60 for a courier delivery (for documents weighing upto 250g) anywhere in India (AFL delivers to over 5000 locations), ‘WiZ’ is an affordable product and provides complete convenience due to its standard pricing.

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DHL Appoints New Senior VP, Humanitarian Affairs

Posted by | Jul 17, 2006 | |

DHL Americas, a Plantation, Fla., package delivery company, said it has appointed Dan Ludwig to the position of senior vice president to oversee the carrier’s newly created office of Humanitarian Affairs and Emergency Management.

Ludwig will lead a team responsible for providing direction and support across business units for DHL planning, preparation and response to all emergencies, including natural disasters. He also will work with government organizations and DHL, partners, including the United Nations and local civil entities, on emergency planning and response.

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TNT's contrarian view

Posted by | Jul 17, 2006 | |

While other express carriers have built airfreight networks with numerous international flights, TNT is keeping its eyes on the ground. The Dutch integrated carrier is establishing a domestic ground network based on the acquisition of a large Chinese parcel and logistics operator, Hoau Logistics Group.

Hoau, established in 1995 and based in Heilongjiang, has more than 1,100 depots in China, along with more than 3,000 trucks and 12,000 employees. This gives TNT a huge footprint in the world’s favorite growth market, but it is not an express network, admitted Marie Christine Lombard, managing director of TNT Express.

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