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TNT Logistics UK wins Disney Store contract

Posted by | May 18, 2006 | |

The Disney Store Ltd has awarded TNT Logistics its UK distribution contract – and TNT is utilising vehicles assigned to another customer to benefit both of its clients. The TNT liveried vehicles are used to deliver Nissan Renault spare parts to 450 dealerships throughout the UK at night, and then part of the fleet is used to deliver merchandise to the 59 Disney stores in the UK during the day.
“Both clients are based at Magna Park in the Midlands and by maximising the use of the vehicles, we are reducing costs for everyone,” says Rob McWhirter, Managing Director Business Development, TNT Logistics UK Ltd.

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Spanish Correos net profit at record 177.3 mln Euro 2005

Posted by | May 18, 2006 | |

Spanish state-run postal services provider Sociedad Estatal Correos y Telegrafos SA (Correos) posted an all-time high 177.3 mln euro (USD226.4 mln) net profit in 2005, up 119.5 pct year-on-year, the company said on May 18, 2006. Correos operating profit stood at 180.3 mln euro (USD230.2 mln), up 21.1 pct. The company’s operating revenue rose by 5.3 pct to 2.104 bln euro (USD2.687 bln), boosted by a 0.8 pct increase in the number of deliveries to 5.4 million. Correos reported four times higher revenue from credit cards and online payments. The company’s express delivery unit Chronoexpres narrowed its loss by 70 pct to 21 mln euro (USD26.8 mln).

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Long-awaited postal package unwrapped

Posted by | May 18, 2006 | |

Why does Royal Mail want government finance?To cope with competition in postal services where it lost its monopoly in January. It needs to invest up to Pounds 2bn in modern sorting equipment and needs government help to avoid closing loss-making post offices. On top of that, it has to pay off its Pounds 5.6bn pension deficit without putting up prices so much that it loses business to competitors.Aren’t stamp prices rising to provide the cash?Yes. Postcomm, the regulator, has agreed to higher stamp prices over the next four years that should provide enough to invest in new equipment. The rises should also allow the pension deficit to be paid off over 17 years. But a lot could happen in 17 years – especially if Royal Mail loses a lot of business.

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Volumes push UPS to expand US air hub

Posted by | May 18, 2006 | |

UPS is to invest at least Dollars 1bn in an expansion of its main air hub in Louisville, Kentucky, highlighting rapid growth in express delivery services.
Mike Eskew, UPS chief executive, said the investment was necessary to cope with the surge in parcel volumes generated by increased global trade. Express delivery companies have been taking an increasingly important role in the global economyas manufacturers and retailers shift towards super-efficient “just-in-time” supply chains. “We anticipate strong growth in global trade to continue for years to come,” said Mr Eskew.

UPS plans to increase the sorting capacity of its Louisville hub by 60 per cent to 487,000 packages an hour by 2010, with work beginning later this year.

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UK govt confirms 1.75 bln stg Royal Mail package as FY profits rise 17.5 pct

Posted by | May 18, 2006 | |

The government today confirmed a 1.75 bln stg financing package for the Royal Mail as the UK’s main postal service unveiled a 17.5 pct increase in annual profits. The government package, structured as a 900 mln stg loan on commercial terms to be paid back by 2013 plus an 850 mln stg draw on the Royal Mail Reserve to help plug an estimated 5.6 bln stg deficit in the organisation’s pension scheme. Aside from the pension deficit, the package is aimed at funding modernisation of Royal Mail’s infrastructure to enable it to cope with the UK postal market being opened up to greater competition. ‘Giving Royal Mail the freedom to use its financial resources to invest for the future puts the company in a stronger position to successfully compete in the marketplace and also deliver a financial return for the taxpayer,’ said Trade and Industry Secretary Alistair Darling.

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Royal Mail delivers record quality of service with GBP355m operating profit

Posted by | May 18, 2006 | |

Royal Mail today announced a 17.5% increase in operating profit to GBP355 million in 2005-06, a year in which new quality of service records were set with the vast majority of letters exceeding their targets.

All four of Royal Mail’s businesses – Letters, the Post Office®, Parcelforce Worldwide and the European parcels business, GLS – improved their financial performance.

The outstanding financial result has triggered a GBP418 Share in Success payment to Royal Mail’s people, amounting to a payout of nearly GBP100 million.

Allan Leighton, Royal Mail’s Chairman, said: “Royal Mail and its people have delivered record quality of service to customers and achieved an outstanding financial performance in 2005-06.

“The results show that Royal Mail has consolidated the gains it made during its three-year renewal plan when the business returned to profit and began to hit service targets instead of routinely failing them.”

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Palletforce aims to be no. 2

Posted by | May 18, 2006 | |

Palletforece will overtake Palletline and Pall-Ex within the next 18 months to become the second largest pallet network by volume, chief executive Mick Scarlett told MT last week.

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