Author: Archive

TPG CFO: high fuel prices not a major factor

Posted by | Oct 25, 2004 | |

High fuel prices aren’t having a major impact on the three units of Dutch logistics and postal firm TPG NV, Chief Financial Officer Jan Haars said Monday. “The rise in fuel prices is not a major factor,” said Haars. TPG earlier Monday released third-quarter earnings, which showed a swing to a net profit of EUR125 million compared with a net loss of EUR88 million a year earlier. Haars said the impact of rising fuel prices on the company’s Express parcel delivery unit remained relatively muted. Analysts had focused on margins at the Express unit which they feared could have suffered from rising fuel prices.

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TPG always mentioned

Posted by | Oct 25, 2004 | |

It is no wonder that TPG is mentioned whenever other European postal services are looking for a partner. In the third quarter, the Dutch postman delivered 13 per cent underlying growth in net income, with revenues up 5 per cent, mostly because of organic increases. That was one of TPG’s weaker quarters lately, largely because of lower profitability in its domestic business. Like its rivals, it suffers from increasing competitive pressures, especially in direct mail. But in terms of operational efficiency and capital discipline, it remains far ahead of the likes of Britain’s Royal Mail and Germany’s Deutsche Post.

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FedEx downplays threat to Philippine hub

Posted by | Oct 25, 2004 | |

FedEx last week said it was untroubled about the status of its Asia hub following statements from the Philippines government concerning the renegotiation of its air services agreement with the US. The Philippine government is said to believe the existing arrangements, which give almost complete freedom for US cargo airlines to operate services through some airports in the country, are unfair to Philippine airlines. A FedEx spokeswoman told IFW: “We don’t expect any changes. That would be a big step back in time. The reason we have a hub at Subic Bay is because we have open skies there. We have an agreement to operate there until 2010 and the freedom to operate air services there is a part of that.” Talks this summer to further expand air services between the two countries broke down when Philippine representatives refused US requests to allow “seventh freedom” flights for US cargo carriers.

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TPG – Good third quarter builds on first half year trends

Posted by | Oct 25, 2004 | |

TPG reports a good third quarter. Highlights include double digit net income growth, the 20th consecutive quarter of positive revenue yield in Express, Logistics continues to improve its margin and another solid quarter from Mail.
The Wilson acquisition has been completed and the integration process started, operating cash flow is up EUR59 million to EUR336 million and there has been a EUR409 million share repurchase as part of the State sell-down. CEO Peter Bakker commented “I am pleased that several important positive trends we saw in the first six months of 2004 are continuing in the third quarter. Express achieved a record third quarter margin, Logistics made further progress on its path of margin improvement, and Mail put in another solid performance. With these strong results, I remain confident in the divisional outlooks.”

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Chemical safety net catches part-loads

Posted by | Oct 25, 2004 | |

A next-day pallet network dedicated to hazardous goods began operations on 8 October and has already moved its first 1,000 pallets.
MD Jim Scanlan and safety and technical director Ali Karim joined forces to set up the HazChem Network after separately working on the same idea. Scanlan brought the hub-and-spoke expertise, having worked with Fortec before launching The Pallet Network in 2000. Trained chemist Karim developed knowledge of chemical distribution with TDG and Interoute.

Karim claimed UK packaged chemical distribution was “not as robust as it could be, unlike bulk”. In his previous role, he said he had experienced problems with outreach distribution, especially where gas cylinders were concerned.

The HazChem Network accepts all classes of hazardous material at its 5,500sq metre hub in Rugby except radioactive, explosive and biologically infectious materials.

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Barcode plan for Welsh post boxes

Posted by | Oct 25, 2004 | |

Post boxes throughout Wales are to be barcoded, recording when mail is collected. The new technology, pioneered in Flintshire, is to be extended to the whole of the country. Gordon Donaldson, local representative on Postwatch Wales, said postmen would swipe a bar code inside the box each time they collect mail from the box. It means managers can check all boxes are emptied at the correct time. Mr Donaldson said: “Our survey in Wales earlier this year proved the collection times were more reliable in areas with bar coding.” Investing in the technology would significantly reduce delayed mail, caused by postmen accidentally or deliberately emptying boxes before the last advertised time.

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Postcomm’s perspective on building a viable UK Post Office network

Posted by | Oct 25, 2004 | |

Postcomm believes Post Office Ltd is making good progress in developing the commercial potential of the network – but there is some way to go before this can compensate for continued financial support from the government. New products and services are providing a lifeline for many Post Offices but for others there remains insufficient demand for these services. These are some of the conclusions from Postcomm’s fourth annual report on the Post Office network. The report, to the Secretary of State for Trade and Industry, comes at the end of a year which has seen implementation of the urban reinvention programme and improvements for remaining urban Post Offices to give them a
more secure future, financial support for Post Offices in urban deprived areas, the development of banking facilities and a wide range of new products and services for customers at Post Office branches, growing concern about the future of the Directly Managed Branches and extension of the funding package for the rural network to help sustain rural post office branches and support pilots to inform the government’s longer term plans.

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