Author: Archive

Tough control for UK stamp prices

Posted by | Dec 7, 2005 | |

Postcomm today announced its proposals for the Price Control setting Royal Mail Letters’ prices for the next four years. The Price Control set by the regulator governs around 90% of Royal Mail revenues and determines the profit that can be generated by the Group’s GBP6 billion turnover regulated business. As Postcomm has said today, the rises in stamp prices under the latest proposals are substantially less than Royal Mail wanted. The final outcome of the Price Control process, which is expected next March following a final three month consultation, will be crucial to Royal Mail’s prospects in a deregulated market. Royal Mail Chief Executive, Adam Crozier, said: “Today’s announcement from Postcomm shows the Regulator has moved a long way from its initial stance – but no one should regard today’s proposals as anything other than tough – particularly for a business with challenges on the scale that Royal Mail faces. We need to see all the detail and assess the full impact on our business, our people and our ability to go on delivering the record high quality service that customers have seen over the past year.”

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Pitney Bowes wants to tap USD250B ‘mailstream’ marketplace

Posted by | Dec 7, 2005 | |

Pitney Bowes Inc. launched a new strategic business plan yesterday designed to tap into a USD250 billion market opportunity within a USD900 billion global category called the mailstream. The company marked the event by ringing the closing bell at the New York Stock Exchange yesterday. Pitney Bowes’ chairman/ CEO Michael J. Critelli said the concept of the mailstream will be the company’s organizing principle with customers, shareholders and employees. The mailstream is the sum of all mail and documents, both physical and electronic, flowing in and out of a business, as well as the people and systems that enable it. Mailstream content includes direct marketing collateral, bills and monthly statements, catalogs, parcels, letters, invoices, magazines, DVD rentals and anything sold and purchased through eBay. Pitney Bowes begins the direct mail part of the campaign next month targeting its existing high-end customer base.

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TNT in advanced negotiations to acquire Hoau, China’s leading domestic freight & parcels operator

Posted by | Dec 7, 2005 | |

TNT announced today it is in the process of acquiring China’s leading freight and parcels transportation operator, Hoau Logistics Group, based in Heilongjiang. The deal is expected to be completed in the course of next year. Both companies have signed a Letter of Intent for this purpose. Through this acquisition, TNT will become the largest privately owned transportation network for freight and parcels in China. TNT already operates the largest distribution infrastructure in China with 140 operating facilities, covering 2.4 million square metres of warehouse space across 600 cities.

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World Mail & Express Americas Conference & Exhibition in Miami addresses future strategies

Posted by | Dec 7, 2005 | |

Two hundred delegates from all sides of the industry met in Miami this week at Triangle’s 3rd World Mail & Express Americas Conference and Exhibition. The overriding conclusion from the event is that there will undoubtedly be more cooperation in the Americas between the public and private sectors in mail as well as in express. Customers’ presentations stressed the need to encourage more innovation from the post offices.

Gabriel Mateescu, Chairman of the Council of Administration of the UPU, discussed the development of the UPU Consultative Committee as several delegates felt that this should be regionalised.

The presentation from Guatemala Post Office highlighted the new business model of government outsourcing the management of a post office. Correos de Chile talked of its successful partnership with TNT.

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UK Mail volumes

Posted by | Dec 6, 2005 | |

The annualized figure of 250m items (quoted in a press release Nov 05) was the rate reported in our 04/05 Accounts. UK Mail has continued to grow considerably since then and the daily figure of 4m items is the current peak volume.

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Telefonica, Moviles win 74.3 mln eur contract from Spain’s Correos

Posted by | Dec 6, 2005 | |

Telefonica SA and Telefonica Moviles SA have won a contract worth 74.3 mln eur from Spain’s state-owned postal operator Correos y Telegrafos to modernize and manage the company’s telephone and internet system, El Pais reported, without citing a source.

The two companies will take 8 months to install the new system which they will manage for four years, the newspaper said.

Of the total investment, 60.4 mln eur will be earmarked for data, voice and internet services while the rest will be for the mobile telephony contract.

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TNT feels heat as ‘break-up’ camp grows

Posted by | Dec 6, 2005 | |

TNT will today come under pressure to make clear its intentions for its struggling logistics division, as analysts ponder the potential sale of the unit or the break-up of the business as a whole. Anticipation has been heightened by TNT’s decision to schedule a press conference this morning, ahead of a briefing for analysts. The company would not comment on either event, but in October promised it would discuss logistics strategy with analysts. Bert van Hoogenhuyze, at Theodoor Gilissen in the Netherlands, said: “Analysts will look for answers on the future of its logistics business. There is so much competition and the unit has not been achieving the returns of five years ago.”
Dresdner Kleinwort Wasserstein said in a recent note on TNT: “The pressure is definitely on. The ‘break-up’ camp is growing.”

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USPS ends year in black and debt free

Posted by | Dec 6, 2005 | |

The US Postal Service reported today it concluded fiscal 2005 with a net income of USD1.4 billion on record revenues of USD70 billion and record volume of 212 billion pieces of mail. “Financially, we are in the best position we’ve been since the 1970s,” said Postmaster General John E. Potter at the December meeting of the Board of Governors. “Despite the strong financial and productivity records of recent years, we are facing a modest increase in postage rates in January.” The January 8, 2006 rate increase was compelled by legislation enacted in 2003 requiring the Postal Service to put aside over USD3 billion each year into escrow beginning in 2006.

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