Author: Archive

Japan Post ready to accept partial liberalization of mail delivery

Posted by | Feb 15, 2006 | |

Japan Post, the state-run postal services provider, would accept any proposal to liberalize the delivery services of mail of a certain weight and above in order to promote private firms’ participation in the business, its president indicated Wednesday. “We’ll liberalize stage by stage,” Masaharu Ikuta said in a press conference. There have been no private firms engaged in letter and postcard delivery services under the current system as strict conditions are set. They include requiring those who want to start the services to locate at least 100,000 postboxes nationwide.

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Deutsche Post says 2005 net profit rose 40 percent to EUR2.23 billion

Posted by | Feb 15, 2006 | |

Deutsche Post AG said its 2005 net profit rose by 40 percent to EUR2.23 billion (USD2.65 billion) because of demand for its logistics service and said its annual earnings would likely reach double that amount by 2009. The world’s biggest logistics business and the owner of shipper DHL said the net profit compared with EUR1.6 billion in 2004. Revenue for the year rose 3.3 percent to EUR44.6 billion (USD53 billion) from EUR43.1 billion. Fourth-quarter figures won’t be released until March 14, when the Bonn-based company unveils full details of its results.

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DHL sees no major growth in express business in UAE

Posted by | Feb 15, 2006 | |

DHL said yesterday it was not expecting significant growth in its core express delivery business in the UAE this year. The company delivers some 13,000 packages a day in the country and claims a 42 per cent market share in the express segment. “Growth in the express business is not going to be significant. But we are expecting overall growth in the UAE,” the company’s country manager David Wild told Gulf News. He said DHL’s road freight business is growing strongly in the UAE. DHL employs 500 people and operates 115 vehicles.

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UPS Board increases dividend, names Scott Davis a Director

Posted by | Feb 15, 2006 | |

The Board of Directors of UPS, citing its confidence in the company’s financial position and prospects for growth, today increased the quarterly dividend from 33-cents per share to 38-cents per share on all outstanding Class A and Class B shares. The Board also announced it had appointed Scott Davis, UPS’s chief financial officer, to serve as a director. Davis will replace Lea Soupata, who retired last month as UPS’s senior vice president for human resources. Davis will stand for election to a regular one-year term at the annual shareowners meeting in May.

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TNT extends Spanish logistics contract with Italian Pirelli

Posted by | Feb 15, 2006 | |

TNT extended its logistics contract with Italian tire maker Pirelli & Co SpA in Spain for three years, TNT said on February 14, 2006. Financial details were not available. Under the contract, initially signed four years ago, TNT’s Spanish logistics unit will be responsible for distribution of tires to various countries from its warehouse in Manresa and two national distribution centres near Madrid and Barcelona.

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TNT completes half of share buyback

Posted by | Feb 15, 2006 | |

TNT has completed half of its share buyback programme, launched on December 6, 2005, the company said on February 15, 2006. TNT plans to cancel the repurchased shares. The company announced in December 2005 its plans to buy back own shares for 1.0 bln euro (UD1.2 bln). The company said then it expected the share buyback programme to involve 42.6 million shares and to take about four months. TNT bought back 19,992,752 shares at an average price of 26.33 euro (USD31.36) each in the period December 6, 2005 to February 14, 2006. The total amount spent on the share buyback stood at 526 mln euro (USD626.4 mln).

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Will print feel the pinch from Williams Lea deal?

Posted by | Feb 15, 2006 | |

How we think print fits into the business landscape has just shifted dramatically following Deutsche Post’s bid for Williams Lea. The global mail and logistics firm, which operates DHL Global Mail in the UK, has described Williams Lea as a provider of “value-added document and mail-related services”. As so much print ends up in the post for whatever application, be it direct mail, bills, statements or all manner of other business and consumer communication, it seems to be a perfect match. If the parent company can gain all Williams Lea’s fulfilment – the logistics and postage – then the deal could prove to be a cash cow, but that’s only part of it. InfoTrends CAP Ventures has claimed that of every GBP6 spent on a document only GBP1 is on print production, the rest comes before and after in document management, design, fulfilment and logistics.

Deutsche Post, has just carried out a pincer movement on print. It has a strong position in fulfilment and has bought one of the pre-eminent players in print and document management.

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Belgo-Dutch Fortis in JV talks with Irish Post Office

Posted by | Feb 15, 2006 | |

Belgian-Dutch banking and insurance group Fortis has started exclusive negotiations with the Irish Post Office, An Post, about an establishment of a financial services joint venture, Fortis said on February 14, 2006 in a press release. According to Fortis, this step is based on the group’s 10-year experience with the Belgian Post in the successful creation of the joint venture Banque de la Poste.

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