Author: Archive

Can Ghana Post deliver the mail directly?

Posted by | Mar 21, 2005 | |

The government has forecast that Ghana Post, the country’s monopolistic mail distributor should be able to deliver mails directly to houses by the end of the year. “Direct delivery is however impossible without proper street naming and house numbering across the country”, says Deputy Minister of Finance and Economic Planning Kwaku Agyeman Manu. Manu who disclosed this at a forum on the 2005 budget organized by the Integrated Social Development Center (ISODEC) last Thursday said in a bid to make the identification of streets and houses easy, the government will embark on street naming and house numbering by June this year. He said direct mail delivery could become a major source of employment for the youth and even pensioners, since the sorting, distribution and direct delivery of letters would require more hands.

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Kaare Frydenberg steps down as CEO of Norway Post

Posted by | Mar 21, 2005 | |

Kaare Frydenberg has resigned from his position of chief executive officer at Norway Post. The Board of Norway Post has now started a process to recruit a new chief executive officer. Kaare Frydenberg announced his resignation after serving five years as chief executive officer at Norway Post. He is leaving a company that has undergone major restructuring and has succeeded in becoming competitive and profitable. Mr Frydenberg will continue as chief executive officer for six months – working out his period of notice – after which time he currently has no specific plans.

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US Postmaster General John E. Potter delivers message to mailing industry

Posted by | Mar 19, 2005 | |

On Monday, March 21, the Postmaster General John E. Potter General will deliver the keynote address to the 2005 National Postal Forum (NPF). The mailing industry leaders in attendance will hear a progress report on the Postal Service’s Transformation Plan, the status of Postal reform, and the USPS Governor’s recent direction for management to prepare a rate case filing with the Postal Rate Commission. Potter’s 8 am speech during the first general session of the NPF opens the premier mailing industry symposium. Since Potter became the 72nd Postmaster General of the United States in June, 2001, he has led the Postal Service in achieving dramatic productivity increases and consistent savings, while reaching record levels of customer service and satisfaction. Potter’s blueprint for change, outlined in the April 2002 Transformation Plan, has been cited as an example of positive steps the agency is taking independent of proposed changes to its statutory operating charter.
For 2005, the Postal Service produced better-than-expected First Quarter results with a significant increase in mail volume and net income of USD1.7 billion. Since June, 2002 the Postal Service has kept postal rates stable. Potter has pledged that rates will remain steady until 2006.

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Collins, Carper introduce Bill to overhaul US Postal Service

Posted by | Mar 18, 2005 | |

After months of negotiations with the White House, Senate Homeland Security and Governmental Affairs Chairwoman Collins and Sen. Thomas Carper, D-Del., introduced a bill Thursday to overhaul the U.S. Postal Service. The bill, which is largely similar to legislation approved by the panel last year, incorporates some new provisions suggested by the administration. But the sponsors have not acquiesced to the White House on two major areas of contention: shifting the responsibility for the agency’s military pensions back to the Treasury Department and giving the Postal Service access to money slated for an escrow account. The administration’s opposition to those provisions kept the bill, which was also passed by the House Government Reform Committee, from moving to the floor of either chamber last year.

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German Hermes in search of strategic partner in Europe

Posted by | Mar 18, 2005 | |

German logistics services provider Hermes Logistik Gruppe, a subsidiary of the local mail order company Otto GmbH, is looking for a strategic partner in Europe to extend its parcel delivery services range from companies to private persons, the company said on March 17, 2005.

Hermes already negotiates with a number of interested parties and expects to complete the talks by the summer of 2005, company CEO Hanjo Schneider said.

Hermes sees mainly independent logistics companies as possible partners and Schneider ruled out the possibility of co-operation with a large national postal services provider.

He declined to disclose the names of the potential partners.

Hermes is active in France and the United Kingdom with a number of partners. The company aims to significantly boost its sales in the field of private package deliveries, which currently stand at 450 mln euro (USD601.6 mln).

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Fire the Messenger: Couriers Losing Business to Imaging

Posted by | Mar 18, 2005 | |

As more banks begin to transmit digital check images across the country, couriers that haul paper checks are starting to feel a squeeze.

That’s because a growing number of banks have concluded that paying for long-distance shipping is more expensive than transmitting images to a data center near a paying bank, converting them to image replacement documents, and then either delivering the documents the last few miles themselves or hiring a courier to do so.

Banking industry observers have long warned that a decline in courier shipments would probably trigger a fee increase as the couriers seek to cover their fixed expenses from a shrinking pool of bank customers. This fee increase could prompt more banks to cut their courier use and further drive up fees.

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Thoughts on FDX’ F3Q:05 earnings report

Posted by | Mar 18, 2005 | |

FDX reported $1.03 EPS for F3Q:05 (Feb. quarter) vs. our estimate of $1.00, recently upwardly revised Consensus (First Call) of $0.98 and 45% better than $0.71 a year ago. Upside to our model was driven primarily by FedEx Ground with modest upside to Kinko’s based on our low expectations. LTL was modestly below our expectations and Express in-line.

Strong operating metrics. Operating income was up 43% y-o-y on 21.1% revenue growth (including 12.8% growth prior to Kinko’s acquisition) and 110bp of y-o-y consolidated margin improvement (150bp improvement not including Kinko’s). This compared with our expectations for 38% operating income growth on revenue growth of 19% and 100bp margin improvement.

Broad based strength. Volume and yield growth rates across virtually every product line were better than we expected (see Exhibit 1) driven by a strong economy, market share gains on the ground, continued rational but competitive pricing and a modest benefit from fuel.

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FedEx is said to acquire two express companies in China

Posted by | Mar 18, 2005 | |

FedEx is said to likely acquire DTW Express Co., Ltd. and Federal Express-DTW Co., Ltd. in China.

The Shanghai office of Baker & McKenzie, a leading global law firm in the US, has been invited to provide designs and law service for the express titan’s new round of acquisitions in the faster-growing market, where other international express companies including UPS, DHL, and TNT pile too.

These titans never want to expand here on the basis of only partnership with small-sized Chinese counterparts. They have by their nature been eager to operate wholly owned branch companies since their entry into the market. The Chinese government is set to fulfill its commitments to the WTO entry, signaling an upcoming end of the partnership.

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