Author: Archive

UK Post Office looks to avoid closures

Posted by | Nov 2, 2004 | |

The Post Office played down speculation that half of the 560 directly owned, high street post offices could close and said relocation and franchising would help to stem the network’s losses. The state-owned group has been reviewing its Crown Offices and said that a significant number of the branches were not viable. Between 320 and 390 of its branches could support themselves, it said. The Post Office rents most of its Crown Office properties, and soaring rental costs have contributed to losses of about Pounds 70m a year. But the Post Office said yesterday that many uneconomic branches would be kept open for strategic reasons. “We need to be in the best locations, where the customers are, on the high street and in the shopping centres. If there are closures it will be very few,” it said.

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Michelin Siam awards contract to TNT Logistics

Posted by | Nov 1, 2004 | |

TNT Logistics has been awarded a contract by Michelin Siam Marketing and Sales Co., Ltd. to handle logistics functions for its two tyre production plants in Thailand, as well as its domestic and export warehouse facilities. The awarding of this contract further strengthens TNT’s position as a leading provider of logistics services to the tyre sector. Under the new contract, TNT Logistics will manage the material flows and clearance of tyres to and from Michelin Siam’s two production plants. TNT Logistics will also oversee the operation of Michelin Siam’s two main warehouses: its domestic warehouse and export warehouse.

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Overcapacity holds domestic parcel prices down

Posted by | Nov 1, 2004 | |

Domestic parcel rates may not be moving up very quickly, but shippers can expect to see surcharges in the coming year, says James Valentine, a senior analyst with equity research firm Morgan Stanley.

Based on a recent survey of parcel shippers, Valentine sees overcapacity holding rates down–shipper expectations are for a 1.2percent rate increase from UPS ground and a net decrease of 0.3percent from FedEx ground. However, there is currently no ground fuel surcharge, but this could easily change in 2005, Valentine states.

FedEx has been growing its ground business at 10percent per year, says Valentine, and now DHL has expanded its presence in both the ground and air parcel segments. UPS as well has grown its air business, a market which Valentine says is only increasing at 1percent to 2percent per year over the last six or seven years.

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FedEx adding more flights to Germany

Posted by | Nov 1, 2004 | |

FedEx Corp. said Monday it is adding more trans-Atlantic flights, part of a plan to boost capacity to Europe. The company said the flights from its main hub in Memphis to Cologne, Germany will allow it to better serve that country’s industrial heartland. FedEx said it will add the flights in March, bringing its trans-Atlantic total to 28 a week from 23 a week. The increase in flights to Europe is part of a plan to capitalize on rising international express shipments.

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DHL Global Mail to launch partnership with Japan’s Yamato Transport

Posted by | Nov 1, 2004 | |

Deutsche Post World Net AG’s international mail unit DHL Global Mail is planning to launch a partnership with Japan’s Yamato Transport Ltd, a spokesman for Deutsche Post said, confirming a report to be published in Die Welt newspaper tomorrow. Yamato, which is Japan’s largest private mail service provider, will deliver international letters and magazines in Japan for DHL, while DHL will distribute Yamato’s mail internationally, competing directly with state-owned Japan Post.

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Norway Postal Service to cut 1600 jobs next year

Posted by | Nov 1, 2004 | |

The Norwegian Postal Service (Posten) will cut its workforce by 1600 man-years next year. Around 50 per cent of all the letter and parcel terminals will be closed down. Many of those who will become redundant have more than 25 years of service with the postal service, and will have small chances for finding new jobs.

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Strong improvement in results and profitability for Norway Post

Posted by | Nov 1, 2004 | |

Norway Post’s earnings before taxes for the first nine months of 2004 were NOK 693 million, up NOK 632 million compared with the same period last year. The improvement is a result of both revenue growth and cost savings. This is the best result per third quarter since the company’s establishment in 1996. Profitability is also good with a 19.1 per cent return on capital employed.
”The improvement continues in the third quarter, showing that we have succeeded in improving profitability and developing competitive products and services. When, in addition, the return on capital employed is good, we are pleased to be able to say that profitability is at a satisfactory level,” says Norway Post’s Chief Executive, Kaare Frydenberg.

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