Author: Archive

German govt has no schedule yet for Deutsche Telekom, Post stake sale

Posted by | Jun 22, 2005 | |

The German government has not yet decided when to sell its remaining stakes in Deutsche Telekom AG and Deutsche Post World Net AG, sources said. But when the time comes, it will likely transfer its shares to state-owned KfW Bankengruppe, the sources told dpa-AFX news agency. The last such transaction was in January, when KfW bought a 12.7 pct stake in Deutsche Post World Net AG from the government for 1.7 bln eur, raising its total stake to 48.8 pct. Financial Times Deutschland earlier today cited sources as saying Germany’s Finance Minister Hans Eichel plans to sell the government’s remaining stakes in Deutsche Post and Deutsche Telekom to help cover the budget deficit.

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Deutsche Post’s DHL hopes KarstadtQuelle logistics to post profit in 2006

Posted by | Jun 22, 2005 | |

Deutsche Post AG’s head of logistics Frank Appel said the company’s DHL logistics unit expects the logistics operations it acquired from KarstadtQuelle AG to post a ‘significant’ net profit next year, according to German daily Frankfurter Allgemeine Zeitung. The profit will be achieved following ‘internal optimisation’, Appel told the newspaper in an interview. He said that he would be satisfied if the KarstadtQuelle logistics operations would break even this year. Appel also confirmed that DHL is still in talks with KarstadtQuelle over the possible acquisition of the retailer’s Neckermann and Quelle logistics operations. ‘We remain interested in principle. The negotiations are under way,’ he said, although he added that ‘one must not overburden oneself’.

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UPS tracking progress on business sustainability goals

Posted by | Jun 22, 2005 | |

UPS today reinforced its ongoing commitment to balancing economic, social and environmental objectives by releasing the company’s third annual Corporate Sustainability Report. The report demonstrates UPS is moving forward on a number of important goals, including increasing fuel efficiency, lowering aircraft emissions and reducing employee injury rates. Additionally, this year’s report includes more global information than ever before. “At UPS, we’re never satisfied with the status quo,” observed Mike Eskew, UPS’s chairman and CEO. “And with today’s increasingly interdependent world, sustainable business practices add up to smart business practices.”

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Committee approves Collins-Carper postal reform legislation

Posted by | Jun 22, 2005 | |

The Senate Homeland Security and Governmental Affairs Committee today approved postal reform legislation introduced by Senators Susan Collins and Tom Carper. The Collins-Carper Postal Accountability And Enhancement Act represents the first major overhaul of the USPS since 1970. Their legislation will strengthen the USPS, which is the linchpin of a USD900 billion mailing industry that employs more than 9 million people nationwide. Senator Collins is the Chairman and Senator Carper is a member of the Senate Homeland Security and Governmental Affairs Committee, which has jurisdiction over the USPS. The Committee today approved the postal reform legislation by a vote of 15 to 1. It must now be considered by the Senate.

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USPS Financials, revenue and mail volume up

Posted by | Jun 21, 2005 | |

For the USPS’s fiscal 2005 year to date (Oct. 1, 2004, through May 31, 2005), total revenue was USD47.3 billion, which was USD1.1 billion better than planned budget. Total expenses of USD45.5 billion was USD221.4 million under plan. There was also good news on the volume front. Total year-to-date mail volume was up 3.0%. Broken down by class, First-Class volume was up 0.2%, Standard Mail was up 6.1%, Priority Mail was up 4.2%, Express Mail was up 1.6%, Periodicals was up 0.1%, Package Services was up 2.2%, and International was down 0.4%.

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New UK Midlands mail centre creates 20 jobs

Posted by | Jun 21, 2005 | |

A new mail centre has opened in the West Midlands which is set to create 20 jobs. DHL Global Mail said the complex – handling and distributing business-to-business mail – would challenge Royal Mail in the wake of deregulation. Located in Sutton Coldfield, it will employ up to 20 people initially, and is expected to double in size over the next year. The new service, called Smartmail Citispeed, offers mail collection from any business in the UK, and delivery within designated postcodes in the Midlands, London, and the North-west. The Birmingham operation is the second DHL mail centre to open in six weeks, following one in the North West in April.

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Deutsche Post faces legal challenge to planned branch closures

Posted by | Jun 21, 2005 | |

Deutsche Post World Net AG is facing a legal challenge from a local government association in the German state of Lower Saxony against planned branch closures, the tabloid daily Bild reported, without sources. The newspaper said the association is pushing for legislation that could prevent the closure of branches in communities of more than 1,000 people. Deutsche Post said last year it plans to close 1,000 branches by the end of this year.

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UPS launches Trade Direct Air for Brazilian companies

Posted by | Jun 21, 2005 | |

Express delivery service provider UPS will launch in the second half of 2005 the Trade Direct Air (TDA), a new air cargo service with support for Brazilian companies in the United States. UPS, active in Brazil for 10 years, has invested USD7mil in the country. In more than one year the Brazilian subsidiary doubled its transportation capacity from 28 – 30 m tons 55 – 60 m tons.

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