TNT Portugal, the local unit of Dutch express service provider TNT Post Group, generated a total turnover of 34.5 mln euro ($44.7 mln) in 2004, up 8.0 pct year-on-year, it was reported on May 4, 2005.
Read MoreTNT’s first quarter earnings from operations are up by 5.5 percent with mail showing strong margins and lower declines in direct mail volumes. EMN is growing in line with expectations. The express sector has continued margin improvements while the logistics sector faces a difficult environment in France.
Earnings per share up by 8.7 percent with profit attributable to the share holders up by 3.8 percent. Also the cancellation of 20.7 million outstanding shares.
CEO Peter Bakker says “In Mail and Express, we made a good start to the year. Mail division recorded a strong operating margin, with the Cost Flexibility program continuing to drive efficiency. For the first time, we gained more addressed volume abroad than we lost in the Netherlands. Express revenues grew double digit and operating income was up almost 50 percent, reaching another quarterly margin record.”
Read MoreDeutsche Post World Net AG will face competition from Direkt Express in the market for collecting, sorting and franking commercial letters that weigh less than 100 grammes starting next month, Focus Online reported. A German court decision opened the market for such letters earlier this month. ‘We will deliver 120,000 mailings per day,’ Direkt Express’s chief executive Edip Tuerkoglu said. Direkt Express will be Deutsche Post’s first competitor in this market.
Read MoreThe German Postal Service has concluded first agreements with small companies regarding mail deliveries. This will help realising the decree of the Federal Cartel Office to open up the market, the company said in Bonn. The Cartel Office has ordered the Postal Service to allow competitors regarding tasks like pick-up, pre-sorting and delivery of letters under 100 grams.
Read MoreSingapore Post has booked a 6 percent increase in annual earnings.
Net income for the year to March came in at 110.5m dollars, beating market forecasts.
Its bottom-line was boosted by higher earnings at its mail and logistics businesses.
For the fourth quarter alone, net profit was 26.8 million dollard.
That’s a slide of 7 percent compared to the same period last year, but still better than analysts’ expectations.
The postal services provider reported growth in its three core businesses.
And there is good news for investors.
SingPost says it is enhancing its dividend policy by raising the minimum annual payout and paying dividends on a quarterly basis.
Read MoreUnited Parcel Service business mail services unit Mail Innovations unveiled an integrated suite of mailing services that includes a new option to send non-urgent mail at a lower rate in exchange for less speedy delivery.
Called UPS Mail Logic, the service includes mail pickup, transport and processing to the U.S. Postal Service or overseas. For mail in the United States, UPS Mail Logic delivers at First-Class mail speeds plus one day.
Customers also can choose UPS Mail Logic Saver, which delivers mail in an average of six days. Mail sent with UPS Mail Logic Saver qualifies for a lower per-piece rate.
Domestically, UPS Mail Innovations typically handles mail pieces weighing less than 1 pound, including flats, bound printed matter, including catalogs and lightweight products such as CDs or books. Internationally, UPS Mail Innovations handles mail of all weights.
Read MoreThe courier and express cargo industry 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.
Read MoreIn France, the transfer of La Poste’s financial services activities to a newly created postal bank next July is a major victory for the postal operator and a setback for France’s banking lobby. However, France is not alone in seeing postal organisations moving into retail banking.
China’s government is expected to pursue reforms, perhaps as early as this year, that will result in the conversion of the Postal Savings and Remittance Bureau into a postal savings bank. Meanwhile, Swiss Post has lobbied unsuccessfully for permission to obtain a banking licence to expand the range of products and services it can directly offer through its PostFinance financial services division, especially products such as consumer credit and housing loans.
While some postal operators are offloading their postal banks, others are returning to the sector by setting up financial services or banking subsidiaries.
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