Air express, courier and logistics company Blue Dart Express Ltd has posted a 75.72 per cent increase in its net profit for the second quarter ended September 30, 2005 at Rs 17.66 crore as compared to Rs 10.05 crore in the corre sponding quarter previous fiscal.
Income from operations during the reporting quarter ended increased to Rs 137.09 crore over Rs 115.87 crore in Q2 of FY-05, the company said in a release.
Read MoreDHL has announced plans to set up its own training institution in China. As well as forming part of the company’s plans for expansion on the fast-growing market, the move will allow DHL to find and keep qualified staff. DHL plans to grow by between 35 and 40 per cent in the coming years in China, but has revealed problems when it comes to finding qualified managers.
The DHL Logistic Management University is therefore to be opened in Shanghai. In the coming year, the university will offer 40 courses for 7,500 students from DHL. Employees of DHL in other areas of Asia, such as South Korea, will also attend the university. Later, the university will open its doors to non-DHL employees. Employee fluctuation levels are high in China, but DHL hopes that the university courses will encourage staff to remain at DHL, as well as providing it with qualified managers.
Read MoreThe prices proposed by Deutsche Post for letter mail items have been approved by the Federal Network Agency. The new and, for some mail products, reduced prices will go into effect on January 1, 2006. Including the new price plan for international letters, this yields savings for customers of around 30 million euros over the previous year. Prices for standard letters (Standardbrief) at 55 cents, and postcards at 45 cents remain the same.
Read MoreRoyal Mail revealed yesterday that the overall volume of mail is declining for the first time in 25 years, and claimed it was evidence of economic downturn in Britain. Chairman Allan Leighton said yesterday that the organisation was “a barometer of the economy”, adding that Royal Mail was “very much dependent on GDP”. Overall mail volumes handled by the provider are down 1pc in the current year, with nearly all the loss in the profitable business mailings sector.
A spokesman said there had been a particularly noticeable downturn in letters inviting people to apply for credit cards. Mr Leighton disclosed that the fall for the first time at a Trade & Industry Select Committee where he also warned that the Royal Mail’s ”one price goes anywhere” service would be under threat unless it was allowed to charge 39p for a first class stamp by 2009-10.
Royal Mail is “optimistic” it will win government approval for its plan to give a fifth of its shares to staff, while insisting this is not a back-door route to full privatisation. Allan Leighton, chairman of Royal Mail, told MPs yesterday it would be “very straightforward” to set up a share ownership scheme for employees of the state-owned postal services operator. “We think it should start with 20 per cent,” he told the trade and industry select committee. Shares, distributed equally to employees, could be traded via a trust, he said. “It’s very easy to do, not at all complicated (and) our people would understand it.” Speaking after the hearing into Royal Mail’s future, Mr Leighton said the government had discussed but not yet agreed the employee share proposal. The scheme, which would require parliamentary approval, is likely to run into strong opposition from unions and Labour backbenchers.
Read MoreAn Post looks to have got a poor response from Irish financial services’ providers in its quest to set up a new banking joint venture. Market sources believe that AIB and GE Money are the only local groups who actually bid by the closing date of September 19 last. If true, this means that Bank of Ireland and Ulster Bank chose not to bid and submit business and strategic plans. Both are understood to have made it to the shortlist which An Post had drawn up, in conjunction with advisers McKinsey, in advance of the bidding. Irish Life & Permanent had been surprisingly dropped from this list but there is no certainty that the company would, in any event, have entered the bidding. It is not known how many institutions made it on to the shortlist.
Read MoreDeutsche Post World Net AG said it has taken a majority stake in Dutch mail service company MailMerge.
No financial details were disclosed.
Deutsche Post said its Dutch operations and MailMerge — which handles about 40 mln letters every year — have been cooperating closely since the end of 2003.
By adding this majority stake, Deutsche Post said it has made its Dutch operations, which include Selekt Mail Nederland, Interlanden, Selektvracht and DHL Global Mail, the Netherlands’ second largest mail service.
Read MoreTNT Express today announced it has introduced a booking confirmation service that alerts customers, via email, that their collection request has been received. The new service – which eliminates the need for customers to call TNT for confirmation of a collection request – will create peace of mind by simplifying package tracking. To use the system customers require an active account with TNT’s online service ‘myTNT’ and an email address to which TNT can send the confirmation to. The email contains essential details such as booking reference, company name where packages should be collected and the date and time when the pick-up should take place. The service will initially be available this week, in Argentina, Bahrain, Bulgaria, Estonia, Hungary, Israel, Kuwait, Norway, Romania, Singapore, Spain, Slovakia and Vietnam. It will be rolled out – in early 2006 – to countries including China, Japan and Russia.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
