Author: Archive

Hungarian Post CEO sees no chance for privatisation

Posted by | Oct 7, 2004 | |

The pre-tax income of the state-owned Hungarian Post will likely reach HUF 5.1 billion this year, which is HUF 3 billion more than planned and exceeds last year’s figure by HUF 2 billion, CEO Pal Szabo announced.

The Post recorded revenues of HUF 104 billion in the first eight months of 2004, and expects to reach HUF 155 billion by the end of the year, HUF 15 billion more than a year earlier and also above the company’s business plan.

Szabo also declared that he sees no chance for the Post’s privatisation in the coming 3-4 years, neither to a financial nor a strategic investor. The market of postal services will be liberalised as of 2009, from which date any EU-based company active in postal services may operate in Hungary as well.

Read More

Royal Mail announces board changes – Elmar Toime standing down

Posted by | Oct 7, 2004 | |

Royal Mail Group today announced changes to the company’s board, as it enters the final months of its three year renewal plan and prepares for intensified competition in the postal market. Executive Deputy Chairman, Elmar Toime, will be standing down to pursue opportunities as a consultant to the international postal sector. Mr Toime joined the Group in March 2003 and held responsibility for the Royal Mail letters business until May this year, when Chief Executive Adam Crozier took direct control of that part of the business. Royal Mail Chairman, Allan Leighton, thanked Elmar for his contribution to the renewal plan and wished him well in his new venture.

Read More

Deutsche Post’s Postbank in talks to buy ING BHF-Bank’s London ops

Posted by | Oct 6, 2004 | |

Deutsche Post World Net AG’s unit Deutsche Postbank is in talks with ING Group NV’s ING BHF-Bank to buy its London unit, the Handelsblatt reported, citing industry sources.

The newspaper said Postbank has largely concluded due diligence of the 60 employee-strong unit which focuses on real estate and currency and stock trading.

It added that after ING Group reached an agreement in principle last week to sell its entire BHF-Bank unit to Sal. Oppenheim, BHF-Bank now wants to unload assets which Sal. Oppenheim does not want to retain.

BHF-Bank, ING and Postbank all declined to comment on the matter, Handelsblatt said.

Read More

DHL makes US push, takes on rivals FedEx, UPS

Posted by | Oct 6, 2004 | |

DHL’s yellow and red delivery trucks are on the road as its USD1.2 billion investment in the United States gets rolling, but investors waiting for the company to make a dent in the businesses of its two major U.S. rivals may need to be patient.

DHL, the U.S. express and logistics business of Germany’s Deutsche Post AG, plans to have a U.S. ground network equal or better to its rivals FedEx and United Parcel Service by the end of 2005.

“We’ve decided to accelerate efforts and hit the ground harder, faster, sooner,” Richard Metzler, DHL America’s executive of vice president of marketing, said in an interview.

Read More

USPS Year-to-Date Net Income Over Budget, Mail Volume Up

Posted by | Oct 6, 2004 | |

With one month left to report for the fiscal year that ended Sept. 30, the U.S. Postal Service yesterday announced net income of USD2.8 billion, or USD656.6 million over budget, for Oct. 1 2003 to Aug. 31 2004. USPS fiscal and operating statements showed that revenue totaled USD63.1 billion, 0.2 percent less than planned. Expenses of USD60.3 billion were 1.3 percent under the planned budget, but up 2.1 percent versus the year-ago period. Total year-to-date mail volume of 188.3 billion pieces increased 1.7 percent from a year ago. Standard and International mail grew 5.6 percent and 4.0 percent, respectively. But most classes saw declines. Express Mail fell 3.2 percent; Periodicals, 3.1 percent; Priority Mail, 1.8 percent; First-Class, 1.4 percent; and Package Services, 0.8 percent.

Read More

Nightfreight home delivery contract with B&Q

Posted by | Oct 6, 2004 | |

DIY chain B&Q has become the first customer of Nightfreights new home delivery service – Deliver2home – having awarded a £17.5m deal to the overnight freight, parcels and logistics specialist. Deliver2home plays ideally to Nightfreights strengths in delivering IDW (irregular dimension and weight) freight for the store-to-door two-man delivery of bulky, heavy and awkwardly shaped consumer goods.

Read More

Spanish DHL Iberia Invests 3.82 Mln Euro in Facilities in Logrono

Posted by | Oct 5, 2004 | |

DHL Iberia, the Spanish subsidiary of German express mail delivery group DHL, a unit of German postal service operator Deutsche Post, invested 3.8 mln euro (USD4.66 mln) to build facilities in Logrono, La Rioja region, northeastern Spain, DHL Iberia said on October 5, 2004. The facilities, with a total area of 6,000 sq m, in the La Portalada II industrial park, will start operations on October 6, 2004. The facilities consist of a 3,000 sq m of transports and distribution premises, a 1,000 sq m logistics platform and offices. The new installations will allow the company to unify its air and land transports activities in the region.

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