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Japan Post’s mail service makes profit for 2nd straight year

Posted by | May 25, 2005 | |

Japan Post has said its mail delivery service made a profit for the second straight year in fiscal 2004, a result expected to help those against the government’s plan to privatise the public entity.

In the business year ended in March, Japan Post made a net profit of 25.2 billion yen as the number of parcels handled by its “Yu-Pack” door-to-door delivery service increased 17.8 percent. That more than offset a decrease in the delivery of regular mail caused by increased use of e-mail.

The net profit in fiscal 2004 marks a decrease of 4.2 percent from the previous year’s profit of 26.3 billion yen.

Operating revenues in the mail delivery business fell 2.0 percent to 1,933 billion yen, reflecting the widespread use of e-mail and increased competition, Japan Post said.

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Irish An Post branded the ‘worst in Europe’ by report

Posted by | May 25, 2005 | |

A damning indictment of An Post is revealed in a major new report which warns of the “graveyard decline” of the company if it fails to follow a new vision for its future. The report brands An Post’s company management style as “obsolete” and confrontational and warns that its current pricing policy could create an irreversible spiral of decline in mail volumes and revenue.
The report, ‘An Post – A New Vision’, which was commissioned by the company’s group of unions, says An Post had presided over a continuing decline in mail volumes at a time when there was ample evidence that postal services in other EU countries were enjoying strong growth. And it added An Post’s service was amongst the worst quality in Europe. Calling for changes in work practices, the report also hits out at An Post’s “conflict evoking” management style, which it says belonged to another era.

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Shadow Trade & Industry Secretary Willetts says UK Royal Mail sell-off will not deliver

Posted by | May 25, 2005 | |

The Conservatives have signalled their opposition to the partial privatisation of the Royal Mail, increasing the political difficulty for the government of accepting the plan favoured by the group’s management. Speaking to the Financial Times, David Willetts, the new shadow trade and industry secretary, said he was “sceptical” about the proposal to transfer a majority stake in the state-owned postal operator to its staff. He warned that the Royal Mail could end up being neither politically nor commercially accountable, in a “sort of limbo, where there’s nobody putting them under pressure to perform”. Ministers are still considering whether to cede to pressure for the scheme from the postal operator. Any such change would require approval by MPs – Tory opposition, allied to a likely Labour rebellion, could make such a vote hard for the government to win.

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Target on road to £250m float

Posted by | May 25, 2005 | |

Directors at Warrington parcel firm Target Express are mulling a possible flotation of the business in a move that could value it up to £250m.

It is understood the firm’s venture capital investor 3i, which backed a management buyout in 2000, is now keen to exit the firm.

Target Express has appointed advisers Hawkpoint to look at its future and a possible sale is also believed to be high on the list of options.

Sources close to Target Express, confirmed that 3i, which owns 70 per cent of the business, is looking for an exit.

In a statement, chairman David Hoare said: “We are profitable and very cash generative so there is no need to do anything from a funding standpoint. But we always look at ways to increase our business and we will look at the whole range of options.”

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Deutsche Post may face legal action from GLS

Posted by | May 24, 2005 | |

General Logistics Systems (GLS), the German parcel forwarding subsidiary of UK postal group Royal Mail, is threatening legal action against German postal operator Deutsche Post. GLS, formerly named German Parcel, is demanding access to the delivery service of Deutsche Post as part of a plan to expand into letter deliveries. It argues that the discounts allowed by the postal service operator to rivals for the consignment of pre-sorted letters are insufficient at a maximum of 20 per cent. GLS is planning to collect letters from customers, carry out sorting and transfer the mail to the distribution network of Deutsche Post, but this plan has been rejected by Deutsche Post so far.

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Japan Post’s parcel delivery orders hit record in fy ’04

Posted by | May 24, 2005 | |

The number of parcels delivered by Japan Post under its “Yu-Pack” service grew to a record 215 million in fiscal 2004, which ended in March, backed by the public enterprise’s redoubled order-taking efforts, it was learned Tuesday.
The figure easily eclipsed the previous all-time high of 184.72 million parcels delivered in fiscal 1970. Japan Post, as a result, has likely increased its share in the nation’s door-to-door parcel delivery service market to 7.1 pct from around 6 pct. In a bid to beat private-sector rivals that have steadily expanded their market shares, Japan Post announced rate cuts last autumn and employed major convenience store operator Lawson Inc. as an agent to accept parcels on its behalf.

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Promulgation of new French Postal Law

Posted by | May 24, 2005 | |

New legislation on the postal sector in France, which, by 1 January 2006, will authorize the state postal service operator La Poste to create an establishment and will also open the postal sector to competition, has been promulgated in a state legal publication.

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DPD CZ raised its proceeds by one-quarter

Posted by | May 23, 2005 | |

DPD Czech Republic, post firm, increased the number of its delivered piece parcels by 18 percent to CEK 4 mil pieces in 2004 compared to 2003. The proceeds of DPD CZ, which is a branch of the international group GeoPost, increased by 23 percent in 2004 compared to 2003. Besides, DPD CZ increased the number of international parcels by more than 300 percent during the same period. The growth of the firm’s proceeds was influenced mainly the entrance of the Czech Republic to the EU in 2004 and the cancellation of the compulsory customs clearence.

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