FedEx – company in context report
FedEx – company in context report
Financial analysis
P:LibraryCourier Expres ParcelsFEDEX_CORP_Company_in_Context_Survey_Report.pdf
Author: Archive
Canada Post profits amid service cuts and job losses
The Canadian Union of Postal Workers protested outside Canada Post headquarters Sunday at noon as the corporation celebrated its 24th anniversary with job losses and closures.
Postal workers responded to Canada Post’s “let them eat cake” attitude by cutting a cake with a special anniversary message: People Before Profits.
“We want Canada Post to say no to closures, yes to first-rate service, and yes to employees who need well-paying and stable jobs,” said Deborah Bourque, President of the Canadian Union of Postal Workers in her speech.
Speakers from the Bloc Quebecois, the NDP, the Canadian Labour Congress, the Canadian Postmasters and Assistants Association and the Union of Postal Communications Employees (Public Service Alliance of Canada) spoke out against post office and plant closures during the hour long event.
Read MorePostal spin-offs to dwarf Japan’s top companies
Article about the privatisation of Japan Post
Read MoreAn Post defends day-late distribution from Dublin
Half of all post sent in Dublin for national and international delivery does not leave the An Post sorting office the same day, according to the company’s internal figures, writes Olivia Kelly.
Daily records for the Dublin mail centre from September 15th to October 5th, seen by The Irish Times, show that the proportion of post leaving the sorting office the same day regularly slips under 50 per cent.
The Communications Workers’ Union (CWU), which represents postal workers, said the company’s customer service department was receiving up to 1,600 calls each day, and 1,200 of these related to letter delivery.
On September 15th some 1,611,105 items were received in the Dublin mail centre; 835,395 or 52 per cent remained in the mail centre at the end of the day. On Thursday last week, 2,272,040 items were received, with 1,429,765 or 62 per cent still in the sorting office at the end of the day.
Read MoreLa Poste reveals staff figures for banking arm
La Poste has revealed that its new banking subsidiary Banque Postale will employ around 900 people currently working for the group. Another hundred or so will be drafted from other La Poste subsidiaries and will occupy legal roles. The 900 or so workers coming from La Poste itself will be divided between commercial and management activities. Banque Postale is due to become operational on 1 January 2006.
Read MoreTrans-o-Flex gets the go-ahead for TT acquisition
The German CEP service provider Trans-o-Flex Schnell-Lieferdienst GmbH is now definitely in the ownership of TT Tour-Trans. The German cartel authorities recently gave their approval for the takeover. The companies agreed not to disclose the purchase price.
Read MoreBroker delivers another setback to Business Post
Business Post was the biggest faller among second-liners yesterday, dropping 10percent and adding to the misery of shareholders who have seen the value of their investment almost halve this year.
Brokers took a knife to expectations after Business Post said profits would come in “substantially lower” than last year. It blamed weakening economic conditions which meant its customers were cutting back, leading to a sharp deterioration in its core businessto-business parcel service.
Daily volumes of its Express delivery side during August dropped below those of the previous year. The company had also had to make a provision of Pounds 3.2 million to cover outstanding payments from franchisees relating to previous years. The group has almost 60 depots, of which 34 are run by franchisees.
Broker Altium was one of those behind yesterday’s fall after slashing its target from 450p to 400p and telling clients it was becoming increasingly concerned that trading and operational issues are likely to get worse.
Read MoreJapanese parliament approves postal reform bills
Japan’s parliament approved the privatisation of the country’s postal service Friday, setting in motion the creation of the world’s largest private bank and delivering a crucial victory for Prime Minister Junichiro Koizumi’s reform program.
The package was passed 134 to 100 by the upper house. The vote paved the way for the enactment of the closely watched legislation, since the package was passed overwhelmingly by the powerful lower house on Tuesday.
The bills would split up and sell off Japan Post’s delivery, savings deposit and insurance services by 2017. The system controls some 330 trillion yen (USD2.9 trillion; euro2.42 billion) in savings and insurance deposits.
Koizumi has argued the change, which is the centerpiece of his reform platform, is needed to put the system’s massive deposits at the disposal of private investors. Those deposits had long been used by the ruling party as a fund for wasteful but politically useful public works projects.
Read MorePost & Parcel Magazine
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.