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Deutsche Post has 2 percent gain in first quarter earnings; on track for full-year target

Posted by | May 9, 2005 | |

Deutsche Post AG announced Monday that its first-quarter profit rose by 2 percent, helped by increased air and sea freight revenue, and said it was on track to meet its full-year earnings target. The Bonn-based company earned EUR 455 million (USD589 million), or 41 euro cents (52 US cents) a share, in the January-March quarter up from EUR 446 million, or 40 euro cents a share, in the same period a year ago. Revenue for the quarter was down, however, falling to EUR 10.52 billion (USD 13.62 billion) from EUR 10.57 billion a year ago. The outlook was attributed to better revenue in the company’s mail business and because of operating improvements in the US. The company said it was still working to improve its DHL unit, which is in bitter competition with FedEx Corp. and United Parcel Service Inc. “This year, measures taken to ensure the continuing positive development of DHL’s US express activities are being implemented,” the company said. The unit lost EUR 133 million (USD 172.2 million) in the first quarter, but that was an improvement from the
EUR 147 million loss in the same period last year.

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UK mail chief to urge employee buyout

Posted by | May 9, 2005 | |

Allan Leighton, Royal Mail chairman, is expected to begin pushing next week for a partial privatisation of the national postal operator through an employee buyout. The proposal, which would enable Royal Mail to borrow an extra Pounds 2bn against its balance sheet, will test the government’s manifesto pledge that there were “no plans to privatise” the postal group. Royal Mail officials said yesterday there was enough “wiggle room” in the government’s position to allow the John Lewis-style plan of employee ownership to be implemented. The man who will ultimately decide whether the scheme could go ahead is Alan Johnson, a former postman and the new secretary of productivity, energy and industry.

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UPS drivers receiving new wireless computers

Posted by | May 9, 2005 | |

UPS today announced the rollout of a new generation driver computer that can “talk” with four different wireless communication systems to speed tracking information to customers. There’s really nothing like it,” said Dave Barnes, UPS’s chief information officer. “This is a key component of a bigger system that we call Package Flow Technology. Our drivers are going to have all the information in their handheld computers to make even more reliable deliveries while driving fewer miles.”

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Irish An Post to pump EUR 15 million into security

Posted by | May 8, 2005 | |

An Post is expected to spend an additional EUR15 million improving security on its cash-in-transit service to post offices throughout Ireland.

The move is being taken as a result of the recent spate of robberies and pressure from Minister for Justice Michael McDowell for security arrangements to be upgraded.

The postal service disburses EUR6.5 billion each year in its post offices for the Department of Social and Family Affairs. It is also the largest bill processing agent in the state.

A spokesman for An Post confirmed to The Sunday Business Post that it was conducting a full review of its security arrangements.

The company, which hands out an estimated EUR115 million in social welfare payments each week, has had only two of its cash delivery teams held up in the last two years.

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Pounds 530m surprise profit in the post for UK Royal Mail

Posted by | May 8, 2005 | |

Bumper profits of about Pounds 530 million will be unveiled by the UK Post Office next week, boosted by sharp rises in stamp prices over the past three years. The surprise surplus, more than double the Pounds 220 million of last year, will trigger Pounds 1,000 bonuses for the 195,000 workforce. At the same time, chairman Allan Leighton will announce a dramatic improvement in delivery standards, though Royal Mail is expected to miss its most important target that 93 per cent of firstclass mail should arrive the following day. The surge in profits was given a cautious welcome by the Government funded watchdog, Postwatch. A spokesman said: ‘It is good to see the Royal Mail heading in the right direction, but we should not get too excited. Much of this increase is down to us the consumer who is having to pay more for stamps.

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Deutsche Post reignites German lay-offs row

Posted by | May 8, 2005 | |

Plans by Deutsche Post, Germany’s postal company, to lay off thousands of staff will this week reignite the row over sackings. German ministers have demanded that consumers boycott the products and services of profitable firms that axe their workforces. The sackings will embarrass and anger Chancellor Gerhard Schroder’s ruling Social Democrats (SPD), because the company is state-controlled. According to Deutsche Post chairman, Klaus Zumwinkel, declining income in the letter-carrying sector could force the group to cut as many as 6,000 jobs. Leading members of the SPD, including vice-chairwoman Ute Vogt, recently called for a boycott of profitable companies that lay off workers as unemployment rose to 5m, almost 11% of the working population. If they were to do the same with Deutsche Post, the SPD would be telling Germans to stop patronising a company in which it has a 56% stake.

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Daily Yamazake, AM/PM to start Yu-pack service in Tokyo in June

Posted by | May 6, 2005 | |

Japan Post announced Monday that Daily Yamazaki Co. and am/pm Japan Co. will begin handling Yu-Pack parcels at all of their Tokyo branches on June 1. The two convenience store chain operators, which already handle parcels delivered through Nippon Express Co, have accepted Yu-Pack parcels on a trial basis at a portion of their outlets since June 2004. Having determined that they could expect steady demand, both decided to enter full-fledged arrangements.

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TNT Logistics and Italian RCS Libri extend contract

Posted by | May 6, 2005 | |

TNT Logistics, a unit of Dutch mail, express and logistics company TNT NV, has renewed its contract for the outsourcing of logistics activities with Italian publisher RCS Libri for six years. Under the terms of the contract, TNT Logistics will provide RCS Libri with storage and distribution services for books, ensuring the launch of new initiatives across the country, guaranteeing the distribution of stocks to bookshops and secondary warehouses, and taking responsibility for the collection and management of returned unsold copies of general and scholastic books published by RCS Libri.

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