Author: Archive

UK Mail posts small profit

Posted by | May 17, 2005 | |

Royal Mail is losing 250m letters a year to its new upstart competitor UK Mail.
Business Post, the courier company that launched UK Mail 12 months ago to deliver post and packages for utilities and banks to their customers, said today that the fledgling business is ahead of targets and is already turning a small profit. Business Post founder and chairman Peter Kane said UK Mail had turned over GBP10m in its first trading year to 31 March, and had grasped 1% of the corporate postal market. ‘We are encouraged by the prospects for UK Mail which remains on track for 3% market share by the end of its third year,’ said Kane.

Read More

Business Post announces preliminary results for the year ended 31 March 2005

Posted by | May 17, 2005 | |

Business Post announces that, in the year ended 31 March 2005, it continued to enjoy considerable success. Financial highlights include turnover increased by 21% to GBP233.3m, representing like-for-like growth of 12%, operating profit increased by 9% to GBP20.8m, and pre-tax profit by 7% to GBP20.5m. Commercial highlights include express increased its turnover by 7%, representing an increased market share of around 8% and all of the other existing businesses – International, HomeServe, Courier and UK Pallets – increased turnover by at least 15%. UK Mail, which commenced trading on 10 May 2004, had an outstanding and profitable first year. The annualised year-end volume of approximately 250m items represented a market share of approaching 1%, ahead of expectations.

Read More

France’s La Poste aims to launch expanded retail banking ops in Jan 2006

Posted by | May 17, 2005 | |

France’s state-owned postal operator La Poste aims to launch an extended range of retail banking products from January 2006, following the government’s approval of a law that allows La Poste to fully compete with the country’s other retail banks. ‘The launch date we are counting on today is Jan 1, 2006,’ said Patrick Werner, assistant managing director and head of financial services at La Poste, at a press conference. Last week, Parliament adopted a law that allows La Poste to begin offering home and consumer credit loans alongside its current and savings account operations.

Read More

Spend and deliver: UPS acquisition of Overnite

Posted by | May 17, 2005 | |

Even UPS has its gaps. The world’s largest package delivery company plugged an obvious one with yesterday’s acquisition of Overnite. The deal takes UPS into less-than-truckload freight services in the US for the first time, after several years watching the success of rival FedEx in that area. Overnite is no steal for UPS. The delivery group is paying a 46 per cent premium, while giving no guidance on the synergies available to justify such a chunky uplift. There should be some. UPS will be able to squeeze some benefits from having a ground freight network to link with the air freight operations of Menlo Forwarding. From the customer perspective, UPS will be able to offer a more complete set of products. Having filled an obvious gap in the US, UPS could turn its attention to faster growing international markets for its next move. Exel, the UK-based logistics group with a strong international presence, would, for example, be a bigger bite. Investors should not underestimate UPS’s appetite.

Read More

DHL named best express operator and best 3PL at the 2005 Asian Freight & Supply Chain Awards

Posted by | May 17, 2005 | |

At the prestigious 2005 Asian Freight & Supply Chain Awards (AFSCA) yesterday evening in Hong Kong, DHL was named Best Express Operator for the 19th consecutive year, reflecting the company’s market leadership and service excellence in air express offerings in Asia Pacific. DHL also clinched the Best 3PL accolade for the first time, in recognition of DHL’s expertise in supply chain management. Both awards underscore DHL’s leadership and ability to offer the full suite of express and supply chain solutions from a single source. “We are extremely honoured to receive these accolades,” said Scott Price, Chief Executive Officer, DHL Express Asia Pacific. “The awards represent our customers’ vote of confidence in DHL. Over the last few years, we have put in place a carefully thought-out strategy building on our infrastructure investments, domestic acquisitions, network coverage; and the development of innovative express delivery solutions in response to a changing marketplace.”

Read More

USPS continues to report volume gains

Posted by | May 16, 2005 | |

Jim Cochrane, Manager of Package Services for the USPS stated at Bear Stearns Transport Conference that volume growth within its Priority and Express Mail, and Parcel Post producs (all of which compete with UPS, FedEx and DHL Amercias products) continues to trend positive. The USPS had learned its lesson from taking too large rate increases too close together when it raised Priority Mail prices by 30% in two years in 2001-2002. After shrinking for three years, Priority Mail and Parcel Post grew 2.8% (including 5.5% in March) and 8.4% last quarter.

Read More

Correos de Chile focusing on packages

Posted by | May 16, 2005 | |

The Chilean mail service Correos de Chile had in 1998 a turnover of 350mil letters that dropped dramatically to 70mil letters per day in 2004, and is focusing in packages says president Eduardo Moyado. Regarding letters it would concentrate in express letters or delivered certified letters. Currently packages represent 14percent of Correos overall sales of Pesos$1,586mil in 2004 (Pesos$999mil in 2003), a percent to enlarge to 25percent by 2008.

Read More

Royal mail chairman defends Crozier’s GBP3m windfall

Posted by | May 16, 2005 | |

Allan Leighton, the chairman of Royal Mail, launched a stout defence of the bonuses being paid to top managers at the postal service yesterday as it emerged that Adam Crozier, the former Football Association head who took over as Royal Mail’s chief executive, has been awarded a windfall of almost pounds 3m.

The payment is believed to be the largest made to someone running a state-owned entity.

Details of Mr Crozier’s pay are due to be published this week alongside Royal Mail’s end of year figures, which are expected to show a huge jump in profitability, with operating profits up from pounds 220m to more than pounds 500m during the past 12 months.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & 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.

Subscribe to the Magazine

 

Pin It on Pinterest