Author: Archive

UPS earnings jump 23% on 18% revenue growth

Posted by | Oct 20, 2005 | |

Led by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS today reported a 17.9% increase in revenue and an adjusted 22.9% increase in diluted earnings per share. For the three months ended Sept. 30, 2005, earnings per diluted share were USD 0.86 compared to the USD 0.78 reported in the prior year. Adjusting for a tax credit that positively impacted earnings in 2004’s third quarter, diluted earnings per share rose 22.9%, up from USD 0.70 a year ago. “This has been a great quarter of growth for UPS,” said Mike Eskew, UPS chairman and CEO. “We have tremendous momentum right now in the US and around the world and we see it continuing.”

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US FedEx chief warns on EU over-regulation

Posted by | Oct 20, 2005 | |

Rigid labour markets and excessive red tape are deterring US investment in Europe and pose a “huge danger” to the continent’s economy, Fred Smith, chief executive of FedEx, has warned.

Restrictive regulations and heavy social obligations on employers made US companies, including FedEx, cautious about expanding across the Atlantic. “Most US CEOs are particularly worried about the continued proliferation of regulations that come out of the EU,” Mr Smith said.

While it is uncommon for such views to be voiced publicly, they are shared by many US chief executives who are increasingly in favour of higher-growth opportunities in Asia and the US.

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trans-o-flex further extends use of RFID applications with support from Oracle

Posted by | Oct 19, 2005 | |

trans-o-flex Schnell-Lieferdienst GmbH will place even more emphasis in future on innovative Radio Frequency Identification (RFID) and sensory technology. Today the company, a specialist in the transport of sensitive goods, has a leading role in Europe in the practical use of RFID technology in logistics. Together with Oracle, the databank and software specialist, trans-o-flex is going to integrate RFID completely into its existing IT environment. “This integration is an important step for us. It will mean that we can make even better use of RFIDs possibilities and make these even more accessible for our customers. Furthermore, we can develop additional innovative solutions”, says Wolfgang Weber, Operations Director at trans-o-flex.

To derive further benefit in future from the possibilities of RFID, trans-o-flex has decided to use open and flexible software components from Oracle. These are based on established standards and are adaptable – specialists say scaleable – to growing data volumes. Oracle possesses special know-how in the RFID field and is a member of a number of leading specialist associations. One of these is EPC Global which leads the development of leading-edge standards in the worldwide use of RFID. In Germany, Oracle is a member of GS1 Germany and of the Informationsforum RFID e.V.

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TNT gets temporary reprieve from labour union strikes

Posted by | Oct 19, 2005 | |

TNT will not be confronted with strikes at its Dutch mail delivery operations starting Friday, a spokesman for the Abvakabo FNV trade union said. ‘TNT has indicated that there is room for compromise regarding our demands,’ said the spokesman. ‘The Friday ultimatum is therefore off the table and we await what TNT will offer next Tuesday, when we will enter a new round of negotiations to see how far the company is willing to compromise.’

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Dutch TNT to buy German Rheinkurier

Posted by | Oct 19, 2005 | |

TNT will take over German sector firm Rheinkurier, TNT said on October 19, 2005. According to TNT, after the takeover of Rheinkurier the company will become the second-largest mail delivery company in Cologne, western Germany, behind local post carrier Deutsche Post. Rheinkurier has 125 employees and services 1.0 million residents. TNT also said it would open a branch in Hamburg, northern Germany, in November 2005, and announced plans for its network to cover the whole of the industrial Ruhr region in western Germany by early 2006.

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UK Royal Mail not ready for full sale, but 20percent to go to staff

Posted by | Oct 19, 2005 | |

Royal Mail is not in a state fit for a full-scale privatisation, its chairman told MPs yesterday as he confirmed plans for employees to be given a 20 per cent stake in the business.

Allan Leighton said that the postal group’s Pounds 4 billion pension deficit and its need for a Pounds 2 billion investment made it unsuitable for a sale.

In a submission to the Trade and Industry Select Committee, Royal Mail said that its pensions deficit made it technically insolvent. However, Mr Leighton said that new plans for Royal Mail’s structure would make it a model that other large public organisations would follow.

His comments come as Sir George Bain is close to completing a report into Royal Mail that is expected to pave the way for a stake in the business to be given to Royal Mail’s 180,000 employees. He said: “This is a commercial entity. Everyone thinks it is a public service, but it is not.”

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Deutsche Post says regulator has approved its 2006 price changes

Posted by | Oct 19, 2005 | |

Deutsche Post AG said the Federal Networks Agency has approved new mail delivery prices with effect from Jan 1, 2006.

Smaller-sized domestic letter prices will drop to 0.90 euros from 0.95 euros, while large-sized domestic letter prices will increase to 1.45 euros from 1.44 euros.

Standard sized letters sent to European destinations will rise to 0.70 euros compared to 0.55 euros. Letters sent to other international destinations will cost 1.70 euros versus 1.55 euros.

In all, Deutsche Post has 45 price categories depending on the letter size and destination.

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Deutsche Post reaches compromise with regulator in mail sorting dispute

Posted by | Oct 19, 2005 | |

Deutsche Post AG has reached a compromise agreement with Germany’s Federal Networks Agency regulator in a dispute over obstacles that hinder rivals from entering the market for collecting and sorting letters, sources said.

Deutsche Post declined to comment on the matter.

Earlier press reports indicated that the agency suspected Deutsche Post of abusing its market position by placing certain unspecified clauses into the contracts of mail sorting consolidators that made it difficult for them to enter the market.

It launched an investigation into the matter, which is scheduled to end this month.

The Federal Networks Agency ordered Deutsche Post to open the market for mail sorting and collection to consolidators earlier this year.

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