Author: Archive

UK Royal Mail goes into directory enquiries

Posted by | Jan 29, 2006 | |

Royal Mail is to take on 118 118 and BT this week with the launch of a rival directory-enquiries service. The launch could lead to a price war, with Royal Mail undercutting its rivals with a 40p flat charge for up to two enquiries. The move is the latest attempt by Allan Leighton, chairman of Royal Mail, to generate new sources of income for the indebted business. The entry of Royal Mail into the Pounds 160m directory-enquiries market will be a blow for 118 118, The Number, which is reported to be working on plans to float this year. Royal Mail’s service -11 88 55 – will be run by the Post Office, a division of Royal Mail. Simon Carter, head of Post Office Home Phone, hopes to cash in on consumer dissatisfaction with current directory-enquiries services.

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SingPost's third-quarter profit jumps 17% to 33m dollars

Posted by | Jan 28, 2006 | |

Singapore Post (SingPost) achieved a 17 per cent jump in third-quarter net profit to 32.8 million dollars, thanks to a better performance in its mail, logistics and retail businesses. Operating revenue was up 7 per cent to 108 million dollars for the quarter ended Dec 31. In its core mail business, international and hybrid mail did well. The logistics business was strong with more demand for its Speedpost express delivery services. The retail division was also strong with growth in financial services and vPost mail-order transactions. Operating profit at its mail business rose 12 per cent in the quarter from the previous year to 33 million dollars. Logistics posted a 50 per cent jump in profits to 3 million dollars, while the retail business saw a 27 per cent profit rise to 2.7 million dollars. Revenue for the nine months was up 9.4 per cent to 307.8 million dollars, while the bottom line rose 10.8 per cent to 92.4 million dollars.

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UK Business Post shares plummet by 14%

Posted by | Jan 28, 2006 | |

Shares in Business Post fell 14 per cent yesterday after the mail delivery group issued its fourth profit warning within 12 months after failing to improve margins at its core business. The UK’s fourth-largest mail operator said full-year pre-tax profit would be about Pounds 9m after margins at itsparcel services business – which accounts for 70 per cent of turnover – had failed to pick up. Guy Buswell, the new chief executive, said the company had lost “quite a few customers” over the past 12 months through lack of service and a sales force motivated to sell only to bigger customers.

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TNT joins Cargo 2000

Posted by | Jan 28, 2006 | |

TNT Freight Management, the international air and ocean logistics unit of TNT Logistics, joined Cargo 2000, the International Air Transport Association interest group focused on electronically streamlining the air freight delivery process. “We are putting strong emphasis on process optimization and consistency and quality of data,” said Hakan Nilsson, chief information officer for TNT Freight Management. “We have come to the conclusion that our own initiatives in this area aligns perfectly well with Cargo 2000 and have high hopes that Cargo 2000 is now at the point of breaking through a barrier.”

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Business Post trading statement

Posted by | Jan 27, 2006 | |

The Board of Business Post announces that it now expects pre-tax profits for the full year to 31 March 2006 to be substantially below last year’s. This in part reflects a reduced expectation of normal trading for Express, the UK business-to-business parcel delivery service. The Board has also identified additional costs, amounting to approximately GBP3m in the current year, for supporting the franchise network, and has decided to make a GBP3.2m provision against amounts owed by certain franchises relating to prior years. Excluding the one-off provision, the year-on-year reduction in pre-tax profit to 31 March 2006 is expected to be around 10%.

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An Post to recruit new chief executive as Curtin departs

Posted by | Jan 27, 2006 | |

An Post is looking for a new chief executive following confirmation by Donal Curtin that he will leave his post in July. Mr Curtin (58) will depart at the end of a turbulent three-year contract agreed with An Post back in 2003. “It was always the case in relation to my role that it was to be for a recovery programme,” Mr Curtin said. The State company will now launch a recruitment campaign to fill the position. “In six months time that recovery programme will be implemented. There is a foundation there, the company is financially stable and the job now is to introduce long- term change.” He said that the new chief executive would have to make a “career type” commitment to the position as a five-year programme or strategy was now required.

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UPS launches Mail Logic, an international mail service

Posted by | Jan 27, 2006 | |

Today UPS announces the launch of UPS Mail LogicSM, a new international mail service that allows customers to streamline their mail operations by relying on UPS’s package delivery expertise. With UPS Mail Logic, businesses can simply gather their international letters, flats or packets into one parcel – no sorting by destination, metering or stamping necessary. Customers arrange for UPS pick-up along with any other small packages ready for delivery. UPS then transports the international mail to well-respected postal service entities that sort and ship the mail to the destination postal authority or other licensed party for final delivery. The launch follows a successful Mail Logic pilot programme initiated in the UK in January 2005. The success of the seven month programme, which was made available to businesses of all sizes, has prompted UPS to roll out the new service first to The Netherlands, Germany, Belgium and France, with additional European markets to follow.

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