Author: Archive

TPG says ‘preliminary’ talks continuing with Japan Post over possible alliance

Posted by | Jan 13, 2005 | |

Japan’s state postal service and Dutch post and logistics group TPG are holding preliminary talks about a possible future alliance, a spokeswoman for TPG Post said.

Earlier yesterday media in Japan reported that TPG executives have been holding talks with Japan Post since Tuesday on details of the alliance, expected to focus on international express services.

In the Netherlands TPG Post spokeswoman Daphne Andriessen would only confirm that the two parties had agreed last year to hold preliminary talks on the possibility of a future alliance.

‘We are holding exploratory talks and these talks are currently continuing,’ she told Agence France-Presse.

No official was immediately available at Japan Post to confirm the reports.

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Dutch TPG not in talks with Austrian Post

Posted by | Jan 13, 2005 | |

Dutch TPG NV is not in talks yet with Austrian Post AG about a possible takeover of a stake in the company, TPG spokesman Tanno Massar said on January 13, 2005. The Austrian State Holding (ÖIAG) said, it planned to list a part of Austrian Post on the stock exchange in 2006. TPG has earlier said, it was interested in a majority stake in European sector companies, including Austrian Post AG. TPG targets a majority stake, however if this is impossible, it does not mean that the company is no more interested, Massar said.

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Japan Post to improve collaboration with TPG NV

Posted by | Jan 13, 2005 | |

Japan Post will boost collaboration with TPG NV to find ways to hasten international deliveries and tracking mail and parcel deliveries on the Internet, Nikkei English News reported, without citing anyone. The two companies may also establish a joint venture, build a network for delivering cargo by air in Asia and share capital, Nikkei said.

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Polish investment funds to sell at post offices

Posted by | Jan 13, 2005 | |

By the end of January Poczta Polska (PP) Polish Post will select three or four investment fund management firms (TFIs), which will receive exclusive rights to carry out their sales at post office branches. PP sent out tender invitations to all TFIs. “So far we have received one offer. There are many enquiries concerning more specifics on the part of TFIs, however. I think that by 19 January there will be many more offers,” said Mariusz Wnuk, the director of PP’s market and financial services department.

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AK Worthington makes the switch to PalletForce

Posted by | Jan 13, 2005 | |

Manchester based AK Worthington began operating for PalletForce last week after leaving Palletways. MD Julian Richards says PalletForces shareholder membership structure was a key factor in the decision.
Members are allowed a greater involvement in the overall operation of the network and it also safeguards service levels. Our network volumes have decreased by 50% but we see it as investing ina a network which has great potential, he says.
Worthington also switched poscode areas from WA, which it served for Palletways, to M for PalletForce.

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Contrasting outlooks from UPS, FedEx a factor of competition, analysts say

Posted by | Jan 12, 2005 | |

FedEx Corp.’s strength in next-day air deliveries and improvements in its ground business helped it post a more positive outlook for the quarter that includes the holiday shipping season than larger rival UPS Inc., analysts say.

Atlanta-based UPS warned Tuesday that its fourth-quarter earnings would fall short of previous estimates because of higher operating costs and weaker than expected domestic package volume from Christmas to New Year’s Day. FedEx, based in Memphis, Tenn., issued a statement saying its business remained strong over the holidays and it would meet its earnings goals.

“They’re tough competitors; one may be benefiting at the other’s expense,” Arthur Hatfield, an analyst with Morgan, Keegan & Company Inc. in Memphis, said Wednesday.

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UPS delivers a downgrade after bad Christmas period

Posted by | Jan 12, 2005 | |

United Parcel Service, the package delivery giant, yesterday cut its forecast for fourth-quarter earnings, blaming lower-than-expected volume and stormy weather during the peak Christmas period. The profit warning punctured the optimism that has surrounded the express delivery industry in recent months, which had benefited from a growing US economy and surging trade with Asia.
However, FedEx, the largest package delivery company after UPS, said it had experienced “a strong holiday season” and reaffirmed its existing profit guidance. UPS portrayed its problems as a short-term blip and reaffirmed its “positive” outlook for this year. UPS said fourth-quarter earnings-per-share were now expected to be 75-76 cents, down from an earlier guidance of 83-87 cents.

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Spanish Competition Court imposes 78.8 Mln Euro fines in 2004

Posted by | Jan 12, 2005 | |

Spanish competition court Tribunal de Defensa de la Competencia (TDC) imposed 78.8 mln euro (USD103.3 mln) fines in 2004, a seven fold year-on-year increase, it was reported on January 12, 2005. Fines were imposed on 33 companies, three business associations, one professional organisation, and one fishermen association breaching the competition rules in Spain. The second largest fine of 15 mln euro (USD19.7 mln) was imposed on state-run postal services provider Sociedad Estatal Correos y Telegrafos SA (Correos).

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