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TNT Portugal sees 2005 turnover up 12 Pct Y/Y

Posted by | Oct 7, 2005 | |

TNT Portugal projects to generate a turnover of 39 mln euro (USD47.5 mln) for full 2005, up 12 pct year-on-year, it was reported on October 3, 2005. In comparison, the company’s turnover totalled 34.5 mln euro (USD42 mln) in 2004.
TNT Portugal projects also to process some 60,000 tonnes of parcels in 2005. Letters processed by the company are estimated to round 2.6 million at the end of 2005, compared to 2.3 million in 2004. The number of the company’s clients is expected to increase by some 15 pct compared to 2004, when they totalled 11,042.

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DHL Iceland Appoints Managing Director

Posted by | Oct 7, 2005 | |

DHL Express Iceland, part of Deutsche Post’s express delivery and logistics arm DHL, appointed Mikael Skogsberg managing director, it was reported on October 7, 2005.

Mikael Skogsberg, 38, will replace Thordur Hermann Kolbeinsson who decided to resign from the post.

Prior to the appointment, Skogsberg who has 14 years experience at DHL in Europe, has headed the company’s units in Sweden and Belgium.

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DHL invests 3.3 mln eur in logistics terminal in Poland

Posted by | Oct 7, 2005 | |

Deutsche Post World Net AG’s logistics unit DHL said it has invested 3.3 mln eur in a new storage and sorting centre in Breslau, Poland.

This is one of five DHL logistics terminals that have opened in Poland this year.

The terminal has a capacity to handle 15,000 letters or parcels every day.

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Union attacks Royal Mail chief’s comments as ‘frankly insulting’

Posted by | Oct 7, 2005 | |

A third of Royal Mail managers are “not up to the mark”, the chief executive of the state-run business told a meeting of Britain’s business leaders. Adam Crozier’s comments at the Business Insider Elite Leadership Awards, where he was guest speaker, were described by the Amicus union as “frankly insulting”.
Responding after his speech to a question about future challenges for the company, Mr Crozier said the Royal Mail had 15,000 managers, of which “5,000 are fantastic, 5,000 are good and 5,000 are not up to the mark”. He also said it was important for senior management to “take ownership of bad news”. The company has shed more than 30,000 jobs across the board over the past three years and a Royal Mail spokesman last night admitted he “could not rule out” further job cuts.However, he insisted: “That is not our agenda for these managers.”

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TNT Romania sees 40percent rise in 2005 turnover

Posted by | Oct 7, 2005 | |

Express delivery services company TNT Romania, a subsidiary of the Dutch TNT Express, said on Friday it expects a 40% rise in turnover this year, to 23 million euro (USD27.9 million), due to higher number of clients and bigger transported volume. The company gave no profit or loss projections for the current year. “The results we registered in the first six months confirmed the forecast of a 40% rise we made as early as the beginning of this year,” a TNT Romania marketing expert, Monica Anita, said in a statement. The company’s turnover rose 33% last year.

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Khazanah Nasional completes 8.4 pct stake buy in Pos Malaysia

Posted by | Oct 7, 2005 | |

State-owned investment arm Khazanah Nasional Bhd said it has completed the acquisition of 42.8 mln shares or an 8.4 pct stake in Pos Malaysia & Services Holdings Bhd from Aroma Teraju Sdn Bhd. In a statement, it said the acquisition raises Khazanah’s cumulative equity interest in Pos Malaysia to 17.4 pct, making Khazanah the single largest direct shareholder in the company. Khazanah also said it has entered into a share sale agreement with Aroma to buy all the Pos Malaysia shares that Aroma will receive through the proposed capital distribution exercise by Avenue Capital Resources Bhd.

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DHL to double Hong Kong capacity

Posted by | Oct 7, 2005 | |

DHL is investing USDollars 110M to double the capacity of its cargo-handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.

The move, announced yesterday and due to be completed in 2007, will make Hong Kong DHL’s largest hub outside the US, with capacity to move 75,000 pieces an hour. Scott Price, DHL Express chief executive for Asia-Pacific, called the expansion a “very significant, long-term commitment to Hong Kong”.

DHL’s investment is the latest development in an increasingly fierce competition between the world’s largest express carriers in China. In July, FedEx announced plans to spend USDollars 150M to move its Asia-Pacific hub from Subic Bay in the Philippines to Guangzhou, 174km north of Hong Kong. United Parcel Service announced plans to build a hub in Shanghai the same month.

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COI signs exclusive deal for UK door-drops

Posted by | Oct 7, 2005 | |

The Central Office for Information (COI) has chosen a single agency for the first time to handle the Government’s #2m door-drop account, potentially handling campaigns to all 26 million households in the UK. The Leaflet Company has been selected to manage all future door-drops, following a four-way pitch against Tri-Direct, Circular Distributors and National Letterbox Marketing.
The COI carries out around 20 door-drop campaigns a year.

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