Author: Archive

Deutsche Post might cut up to 6,000 jobs

Posted by | May 6, 2005 | |

German post operator Deutsche Post might have to cut up to 6,000 jobs due to the legally forced co-operation with rivals, group CEO Klaus Zumwinkel said in an interview to German daily Die Welt on May 6, 2005. The consolidation of the private mailing firms will result in some 200 mln euro (USD259 mln) less turnover for Deutsche Post, he said. That means that the group will have to cut more than 6,000 jobs over the years to offset the falling sales, Zumwinkel added. Deutsche Post does not expect any significant drops in turnover after 2008 when its monopoly on the mailing market will be revoked. Zumwinkel referred to countries such as Sweden, in which the deregulation on the market brought no considerable changes.

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French National Assembly vote on postal regulation

Posted by | May 6, 2005 | |

The French National Assembly has passed, by 349 votes to 157, a bill for postal services regulation. The legislation will open the postal services market to competition by 2009. The bill is expected to be passed definitively in the French parliament on May 12, after a joint committee meeting between deputies and senators.

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Opinion: Postal metering can overcome VAT hurdles

Posted by | May 5, 2005 | |

With the election being centre stage right now, the new VAT proposals for postal services may have slipped under many people’s radar, but they are set to have a huge impact on 1m European businesses.

Amid the excitement of impending deregulation, emerging private postal operators are lobbying the European Commission, postal regulators and national governments with a view to removing the VAT exemption currently available to the universal service providers. The private postal operators believe that they currently do not operate on a level playing field with Europe’s postal incumbents, as private companies must charge VAT on all products and services.

With an estimated £6.95bn (EUR10bn) of European postal revenue collected through the meter channel and more than 1m mailers using franking machines across Europe, the technical issues associated with collecting VAT through the meter channel must be seriously addressed by policy makers.

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Key Statistics on French Direct Marketing Market

Posted by | May 5, 2005 | |

The French Union of Direct Marketing recently released the 2005 edition of its annual study analyzing the trends in direct marketing. Conducted since 1990 the report reveals there was a 4.5% increase from the previous year in total direct marketing expenditure. In 2004 direct marketing expenditure was 11 billion Euros, representing 35% of the total advertising market. Addressed mail represented 35% of the direct market expenditure, unaddressed mail 25% and catalogues 3%.

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Singapore Post creates a financial services division

Posted by | May 4, 2005 | |

Singapore’s POSBank (comprising the former Post Office Savings Bank of Singapore and housing loan provider Credit POSB) had long separated from the postal operator Singapore Post (SingPost) and ceased to use the post office network by the time the government sold it to DBS Bank in 1998. By that stage, POSBank had established its own network of branches and ATMs.

At the end of 2003, SingPost, the universal postal service provider whose shares are traded on the Singapore Exchange, decided to expand its range of retail financial services to leverage the estimated 22 million customer visits to its 65 post offices each year.

It established a financial services division to develop, launch and operate its range of retail financial services.

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Dutch TNT may pick up Indian Gati

Posted by | May 4, 2005 | |

The courier and express cargo industry in India is slated to go through a phase of consolidation. Last year, DHL Express India acquired Blue Dart and the industry is now rife with the speculation of another big-ticket acquisition.
This time, the target is learnt to be Secunderabad-based express cargo major Gati and the company eyeing it is Dutch express cargo and logistics major TNT.
TNT already operates in India, though its presence its currently limited. Gati’s acquisition will give the MNC a pan-India presence. While TNT India refused to confirm the move and described it as a rumour, Gati is in closed period and refused to comment. However, sources say that the two companies are in active negotiations.

TNT already has a limited presence in India and the acquisition of Gati will give it a pan-India presence.

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TNT predicts double-digit growth in Hungary for 2005, remains market leader

Posted by | May 4, 2005 | |

TNT Express Worldwide Hungary recorded revenues of HUF 7.89 billion (USD 39 million) in 2004, 14% more than a year earlier, meaning that the company met its own forecast predicting double-digit growth for 2004, managing director Marton Jarosi announced Wednesday. The Hungarian branch is not allowed to publish profitability figures and forecasts, Jarosi said, revealing only that he expects group revenues to show double-digit growth in 2005 as well. TNT Express Hungary spent slightly more than HUF 200 million on investments last year, of which IT-related developments accounted for HUF 140 million, while other infrastructure investments totaled HUF 66 million. The latter included the purchase of 20 vehicles.

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Plan for TNT parcel depots change

Posted by | May 4, 2005 | |

Parcel delivery company TNT has announced plans to restructure its depots at East Midlands Airport and move some staff further afield. TNT is consulting with workers to move its international logistics section at EMA and give the space in the building to its air-hub operation. But the company has no plans to lose any of the 50 staff based at EMA. A spokeswoman said it was hoped they would all be given jobs either at Leicester or Nottingham depots, both of which currently offer only domestic services.

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