Author: Archive

China’s Sinotrans reports 14 percent rise in net profit

Posted by | Mar 23, 2005 | |

Sinotrans Ltd. reported on Wednesday a 14 percent rise in net profit for 2004 and announced a possible purchase of a 49 percent stake in state-owned Sichuan Airlines Group.

Sinotrans said its profits for the year ending Dec. 31 rose to 802.8 million Chinese yuan (USD97.0 million; EUR74.3 million) from 705.0 million yuan (USD85.1 million; EUR65.3 million) a year ago. But the 14 percent jump compared to a 23 percent advance last year.

The decline in growth was due to slowed business in Sinotrans’ express delivery unit.

Revenue climbed from 17.4 billion yuan (USD2.1 billion; EUR1.6 billion) to 21.9 billion yuan (USD2.6 billion; EUR2.0 billion).

Read More

TNT Express to invest 1.2 Mln Euro in Thessaloniki facilities

Posted by | Mar 23, 2005 | |

TNT Hellas, the Greek unit of Dutch express delivery service provider TNT Express, will invest some 1.2 mln euro (USD1.6 mln) in the company’s new building facilities in Thessaloniki, northern Greece, it was reported on March 23, 2005.

The facilities are located on an area of 2,000 sq m near the Macedonia Airport .

The company plans to soon make possible a direct connection between Thessaloniki and TNT Express’s Pan-European road network.

Thessaloniki has recently been linked to TNT’s air network and to TNT’s European hub in Liege, southeastern Belgium.

Read More

DHL Global Mail France forms Executive Committee

Posted by | Mar 23, 2005 | |

DHL Global Mail France, a unit of Germany-based international mail solutions provider DHL Global Mail, recently formed its executive committee following the recent acquisition of French mail service provider Koba, it was reported on March 23, 2005.

Gunnar Graf, 35, was named president and director general of DHL Global Mail France. Up to now, he was advisor to the president of the mail division of Deutsche Post, and was responsible for the international strategy and development. He also took part in Koba’s acquisition.

Gilles Andre Ioset, 49, was named director general of DHL Global Mail France. He became president of Koba in 2000.

Eric Bravard, 41, was appointed director general responsible for finance and administration within DHL Global Mail France.

DHL Global Mail focuses on mail logistics and related solutions. The company is a subsidiary of German logistics and postal services company Deutsche Post World Net.

Read More

Amtrak all set to deliver

Posted by | Mar 23, 2005 | |

Bristol delivery company Amtrak Express Parcels has won a £3 million contract to deliver home computers for Tiny.com. The company will offer a next-day service for PCs and multimedia systems from the online retailer, sister company of Time Computers and The Computer Shop. It will deliver from Tiny’s manufacturing plant in Burnley, offering evening and Saturday deliveries.

Read More

French La Poste to expand logistics network in Poland

Posted by | Mar 22, 2005 | |

French postal group La Poste seeks to expand its logistics services network in Poland as the logistics market growth in central and eastern Europe is very strong and the return on investments in the region is much faster than in western Europe, the company said on March 22, 2005. La Poste will invest in the near future between 25 mln euro (USD32.9 mln) and 30 mln euro (USD39.5 mln) in the markets of eastern and central Europe, while largest investment will be made in Poland, where the company is already present. La Poste has in Poland, through its subsidiary GeoPost, a courier services provider Masterlink Express and forwarding services provider Air Cargo Poland. The company plans to set up a new logistics services company in the country, which will operate within the network managed by its subsidiary and will offer parcel delivery services DPD.

Read More

Polish Post – first steps towards becoming a company

Posted by | Mar 22, 2005 | |

The Infrastructure Ministry finally commenced work on transforming Poczta Polska (the Polish Post) into a joint-stock company. Currently, the Post is a public utility company, which makes management and investment decisions very difficult. This is a huge problem, as the postal services market is becoming more liberal, and in 2009 it should become completely so. The Post’s management presented a set of documents in favor of transforming it into a joint stock company to the Ministry in January. The Ministry started work on the legislative changes, enabling the commercialisation of Post, several days ago.

Read More

Deutsche Post not keen to participate in postal privatisations at present

Posted by | Mar 22, 2005 | |

Deutsche Post World Net AG is at present not keen to participate in postal privatisations in Japan, Austria, Belgium and Italy, CEO Klaus Zumwinkel said at the company’s annual results news conference. He said the group will only be interested in acquiring stakes in companies that fulfill several conditions, such as providing premium quality services and products. The legal framework in countries where the potential acquisitions are located must also be ‘reliable’, he added. But Zumwinkel did not completely rule out participating in the postal privatisations, specifically in Japan and Italy.

Read More

It’s a regulatory roll over! Comment from UK Postwatch

Posted by | Mar 22, 2005 | |

In 2003/04 Royal Mail famously failed every one of its 15 minimum performance targets. These targets were set by Postcomm on advice from Postwatch and included in Royal Mail’s licence. Yet despite this worst ever performance the Regulator has decided after 12 months of deliberation not to fine Royal Mail. Postwatch believes the regulator has rolled over. Customers have suffered; Royal Mail has got off scot-free. The regulator is hiding behind GBP60 million of compensation, which customers were separately entitled to. In May 2004 Postcomm predicted that compensation to bulk mailers alone could reach GBP80 million. In practice, only GBP43 million has been paid due to ‘loopholes’ in the scheme written by Postcomm. Customers have been short changed by more than GBP30 million. Peter Carr, commenting on Postcomm’s announcement of no action said: “This is a bad day for customers and a missed opportunity.”

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