Author: Archive

Logistics post to increase postal revenue by rs100 crore (the department of posts will start a logistics post service from delhi and will expand existing services)

Posted by | Jul 10, 2006 | |

The Department of Posts (DP) has announced its plans to start a Logistics post service from Delhi. The service will operate from Delhi to Jaipur, Chandigarh, Ludhiana, Agra and the National Capital Region. It will focus on large consignments from clients in the corporate sector.

The service is expected to earn a revenue of Rs100 crore in the first year of operation. The DP’s existing Logistics post services in Mumbai and Tamil Nadu will also be expanded. The DP’s post and parcel service earns Rs1,000 crore a year now.

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Finland Post To Buy Norwegian Universal Spedisjon

Posted by | Jul 10, 2006 | |

Finland Post Group said on July 10, 2006 it would acquire Norwegian logistics firm Universal Spedisjon AS from the two families owning it.

No financial details were available.

The transaction is subject to approval by the Norwegian Competition Authority. It will not affect Universal Spedisjon’s staff of 75.

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Protect UK Royal Mail by giving it away, says Yeo

Posted by | Jul 10, 2006 | |

The former Conservative minister Tim Yeo today calls on the Government to give away Royal Mail as part of a pounds 4bn plan to safeguard the future of the organisation.

Mr Yeo, the Tory MP for South Suffolk and an ex-environment minister in John Major’s government, says the proceeds should be re-invested in the business to help motivate its workforce, protect rural post offices from closure and plug the hole in its pension fund.

Under the Yeo plan, Royal Mail’s shares would be split into four. A quarter would be given to employees, each of whom would get shares worth an average of pounds 5,000, a quarter would be allotted to Royal Mail’s pension fund and a quarter would go into a trust fund set up to prevent branch closures. The remaining quarter would be sold to the public in a flotation, providing a pounds 1bn cash injection to finance future Royal Mail investment.

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Internet takes over as catalogues slow down

Posted by | Jul 10, 2006 | |

The UK’s GBP37bn (EUR53bn) home delivery sector grew by just 3.2% in 2005, little more than half 2004’s growth rate of 5.6%, according to Verdict Research.

A slide in sales at traditional mail operators and consumer reluctance to make big-ticket furniture purchases was behind the slowdown, the researcher said.

“While sales via the internet and TV shopping channels made impressive strides, they have not been enough to prevent a sharp drop in growth in the UKs home delivery market overall, said Nick Gladding of Verdict. Mail order home delivery sales are down GBP585m (EUR842m) on 2002 levels while door-to-door channel sales growth levels have plummeted from 10% in 2004 to just 1.2% in 2005.” Internet sales, however, increased by 28.9% last year, and for the first time more than half of all home delivery shoppers placed orders online.

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Finland Post acquires Universal Spedisjon in Norway

Posted by | Jul 10, 2006 | |

Finland Post Corporation is to acquire the Norwegian logistics company Universal Spedisjon AS from the two families owning it. Universal Spedition AS posts net sales of approximately EUR 44 million, and operates via its outlets with terminals based in Oslo, Kristiansand, Stavanger, Trondheim and Bergen.

Universal Spedisjon provides cargo, forwarding and contract logistics services in Norway and throughout Europe in collaboration with partners. The company employs a staff of 75, whose jobs will not be affected by the acquisition in any way.

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DHL appoints Craig Gossgart as Country Manager, India

Posted by | Jul 10, 2006 | |

New Delhi, July 10 (PTI) Air express services provider DHL today said it has appointed Craig Grossgart as Country Manager for its Indian operations.

“Craig Gossgart will be responsible for driving the Express business in one of DHL’s key growth markets in the region,” a DHL release said.

Grossgart succeeds Chris Callen who was appointed Vice President, Domestic Express, DHL Express Asia Pacific region.

Prior to being appointed as Country Manager for India, Grossgart was Chief Executive Officer of Hong Kong-based Asian Container terminals, the release said.

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