Author: Archive

Austrian Post EBIT reportedly up 5.0 Pct Y/Y 2005

Posted by | Jan 11, 2006 | |

Austrian state-owned postal company Oesterreichische Post AG increased its earnings before interest and tax (EBIT) by 5.0 pct year-on-year to 91.2 mln euro (USD110.5 mln) in 2005, sources close to the company said on January 11, 2006. Post AG revenue rose by 2.0 pct to 1.626 bln euro (USD1.969 bln). The number of employees decreased to 24,000 in 2005 from 25,400 in 2004. The company, which is expected to announce its final 2005 results in February 2006, did not confirm these figures.

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UPS says it will add overseas letter delivery to package service for its Europe customers

Posted by | Jan 11, 2006 | |

United Parcel Service, Inc. said Wednesday it would offer overseas letter delivery to its package customers in Europe. The company would offer the new letter service in February – expanding a test project begun in Britain to Germany, France, Belgium and the Netherlands, UPS spokesman Georg Leusch said from the company’s German offices in Neuss. “The numbers there have far exceeded our plans,” he said. Leusch said letters would be collected unsorted in mail bags from customers and forwarded to foreign destinations by UPS’ partner, Swiss Post International.

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Japanese postal privatization preparatory committee meets

Posted by | Jan 11, 2006 | |

A committee met Wednesday for the second time to decide the details of a planning company that will be founded later this month to prepare for privatizing Japan’s postal services. On the agenda are issues that the committee could not conclude at its first meeting in December, such as where the planning company should be headquartered as well as the number of shares and executives it should have. Japan plans to privatize its postal services on Oct. 1, 2007.

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Italians turn to Brussels over post office 'subsidy'

Posted by | Jan 11, 2006 | |

Italian banks have followed their French counterparts in petitioning the European Commission over the banking operations of their country’s state-owned post office. The ABI, the Italian banking association, wrote recently to Brussels in an effort to spur an inquiry into the possible provision of state subsidies, saying they were unfair to other banks and distort the market.
Poste Italiane’s financial services operations have grown rapidly. Poste now has 4.8m current accounts. That, says the ABI, is up from 400,000 in 1999.
Massimo Sarmi, Poste’s chief executive, told the FT: “The reason for our success is the quality of our service. It is not down to anything else.” The ABI’s complaints highlight the growing concerns of banks about the incursion by postal groups.

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Posten Norge AS pursues bid for OptiMail AB (publ) and the Board of Directors applies for delisting

Posted by | Jan 11, 2006 | |

In a press release today, 3 January 2006, Posten Norge AS announced that shareholders representing approximately 92.3% of the share capital and voting capital in OptiMail AB at the close of the application period, 30 December 2005, have accepted Posten Norge AS’s public offer to acquire all outstanding shares in OptiMail AB. The bid entails that the shares will be acquired at a price of SEK 18.75 by a wholly-owned subsidiary of Posten Norge AS. Posten Norge AS has further announced that the bid is unconditional.

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DHL expands reach in Asia-Pacific region

Posted by | Jan 10, 2006 | |

Express and logistics firm DHL has further expanded the reach of its industry-defining Time Definite Delivery (TDD) to connect the Philippines to nine countries in the Asia-Pacific. With the TDD service in the Asia-Pacific region, sending time-critical and express morning deliveries to Australia, China, Hong Kong, India, Japan, South Korea, Singapore, Taiwan, and Thailand is now possible. DHL’s TDD portfolio includes the StartDay Express, which offers the Philippines guaranteed door-to-door delivery by 9 a.m., and the MidDay Express, which offers guaranteed next-day delivery by 12 noon. Customers are able to track the status of their shipments via the DHL website as well as notification from DHL through e-mail and facsimile once deliveries have been made.

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