Author: Archive

China Railway Express to Incorporate Railway Parcel Express

Posted by | Oct 7, 2005 | |

A source from China Railway Express Co., Ltd. said that it would complete incorporation with China Railway Parcel Express Co., Ltd. within this year.

The incorporated company will be still named China Railway Express Co., Ltd. with a registered capital of CNY 2 billion. China Railway Express wants to obtain revenues of CNY 6 billion in 2006.

China Railway Express and China Railway Parcel Express are transportation companies under the lead of the Ministry of Railways of China. China Railway Parcel Express is controlled by 15 shareholders and China Railway Foreign Service Corp. takes a 51percent stake and Harbin Railway Bureau, Shenyang Railway Bureau, Beijing Railway Bureau, and Guangzhou Railway Group Corp. hold the rest 49percent.

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UK Royal Mail launches publishing industry discounts

Posted by | Oct 6, 2005 | |

Royal Mail has launched an initiative to support the customer publishing industry by offering a 15 percent discount on customer magazine mailing costs. The promotion is designed to encourage clients planning to publish a title to favour mailing, rather than “pick-up” titles. To qualify, companies must sign up by December and commit to at least two mail-outs before August 2006.

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French La Poste net profit at 550 Mln Euro H1 2005

Posted by | Oct 6, 2005 | |

French national post office La Poste registered a 550 mln euro (USD663.14 mln) net profit for the first half of 2005, up 43 pct year-on-year, it was reported on October 6, 2005. The operating profit rose to 841 mln euro (USD1.013 bln) from 595 mln euro (USD717.39 mln). The turnover went up by 3.9 pct to 9.817 bln euro (USD11.836 bln) from 9.449 bln euro (USD11.393 bln). Calculated at constant exchange rates and on a like-for-like basis the turnover increased by 3.4 pct year-on-year, the group noted. La Poste’s financial services registered a 1.1 pct year-on-year increase of their net banking income to 2.15 bln euro (USD2.59 bln).

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FedEx to raise express rates by 5.5 per cent

Posted by | Oct 6, 2005 | |

FedEx has announced a 5.5 per cent increase in its express shipping rates for next year to take account of record fuel prices and robust demand.

The bigger-than-average increase reflects continued strength in the package delivery services as global trade expands.

Analysts said United Parcel Service, the largest US parcel courier, is likely to follow with a similar rate rise in the next few weeks.

The increase will ease fears among investors that mounting competition between FedEx, UPS and their German rival DHL could weaken pricing.

For customers, however, the higher prices will add to upward pressure on supply chain costs, amid record fuel prices and transportation bottlenecks.

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Deutsche Postbank to take over 850 Deutsche Post branches

Posted by | Oct 6, 2005 | |

Deutsche Post AG said it plans to transfer about 850 branches to its Deutsche Postbank AG unit in order to increase the bank’s revenue stream. Deutsche Postbank’s chief executive Wulf von Schimmelmann told journalists the move would lead to a ‘tremendous growth spurt.”I am certain that the positive benefits of this decision will be seen in our figures,’ von Schimmelmann added.
He did not provide any specific earnings or sales projections for Postbank following the transfer. A Deutsche Post spokesman said the branches will continue to operate as post offices despite the management change. Deutsche Post also said the move does not affect its majority stake in Postbank. The German postal company said it has begun talks with the ver.di union on the transfer.

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TNT signs contract for two more Boeing 737 aircraft

Posted by | Oct 6, 2005 | |

TNT Express today announced that it has signed a contract with GE Capital Aviation Services (GECAS) for two additional B737-300SF aircraft. With a payload of 16 tonnes, the aircraft will be introduced to the company’s highly successful European Air Network in August and December 2006 respectively and will replace sub-contracted aircraft. The introduction of the new aircraft will provide the company with increased capacity and will bring the total number of 737’s in the TNT fleet to nine.

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Amtrak doubles up

Posted by | Oct 6, 2005 | |

Amtrak Express Parcels has started a two-man home delivery service for retailers, specialising in items such as plasma and LCD TVs, and other electrical goods.
Amtrak is the first express parcel carrier to offer the capability, eliminating the need for dedicated in-house or contractor fleets.

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DHL expands operations in Brazil

Posted by | Oct 5, 2005 | |

DHL Express expanded its operations in Northeast and Centre-West of Brazil with the launch of new DHL service points there, it was reported on October 4, 2005.
The presence of DHL Express in these areas helped the company boost by 30 pct its turnover in Brazil. Besides the capital of the central-western state of Goias Goiania, the company started to offer its services also in the capitals of the central-western states of Mato Grosso and Mato Grosso do Sul, namely Cuiaba and Campo Grande.

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