Author: Archive

Foreign joint ventures allowed in Vietnam postal services

Posted by | Sep 10, 2004 | |

100percent foreign-owned businesses are not yet allowed to engage in local and international mail delivery services. According to Government Decree 157/2004 giving guidelines to implement the Ordinance on Post and Telecommunications, foreign-invested joint ventures (JVs) will be allowed to operate international mail delivery service with the condition that the capital contribution ratio of the foreign party is determined by the Government.

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Canada Post stops collecting weekend mail

Posted by | Sep 10, 2004 | |

Canada Post has quietly stopped picking up mail through the weekend at thousands of sidewalk postal boxes across the country. Letters left in the boxes on a Friday will sit until the following Monday, but a spokesman insists the change does not affect Canada Post standards for quick delivery within Canada. “We don’t need to clear these boxes because there’s low volume and we can collect it on Monday and still meet the service standard, so it’s not a
problem,” John Caines said yesterday. He added stickers have been placed on the red boxes warning anyone dropping letters in on Friday afternoon that the mail will not be picked up until Monday. Canada Post standards call for letters to be delivered within two days of mailing for local destinations, within three days for destinations within a province and within four days anywhere in Canada.

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Japan’s Koizumi goes ahead with postal privatisation despite opposition

Posted by | Sep 10, 2004 | |

Japanese Prime Minister Junichiro Koizumi’s cabinet approved a controversial plan to privatise postal services on Friday, brushing aside stiff opposition from within his own party.

At an emergency meeting, the cabinet gave the go-ahead to a plan outlined by an advisory panel headed by Koizumi, although it failed to gain full support from the ruling Liberal Democratic Party (LDP).

“It is the biggest reform since the Meiji Era,” Koizumi told the meeting, referring to the 1868-1912 modernisation period that ended the feudalistic rule of the shoguns.

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VAT plan could see Irish stamps costing 58c

Posted by | Sep 10, 2004 | |

The price of a stamp could rocket to 58c if the European Commission succeeds in imposing 21pc VAT on postal services, Fine Gael MEP Gay Mitchell warned.

He said the controversial proposals could fuel inflation and cause serious damage to An Post’s business at a time when it was struggling.

The Government referred the Commission’s plans to the Oireachtas European Affairs Committee, which is chaired by Mr Mitchell.

Previous proposals by the Commission to impose 21pc VAT on postal items weighing more than 2kg were dropped earlier this year.

The new proposals are for all items weighing more than 10kg to be taxed at the standard or reduced rate of VAT.

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3i trebles investment

Posted by | Sep 9, 2004 | |

3i disclosed details this week of what it made from its investment in Palletways when it sold its shareholding last month. Birmingham-based director Richar Bishop says 3i ‘made a return of three tiems its investment‘. 3i bought into Palletwyas for £6m in May 02 and left with £18m. Palletways had ‘traded well and exceeded expectations. I think it is an extremely good business‘ Bishop says.

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GeoPost expands to Bulgaria

Posted by | Sep 9, 2004 | |

GeoPost continues expanding across the Balkans and into the new EU countries. Today, GeoPost Bulgaria Ltd, a new joint venture between GeoPost Yurtiçi Kargo and City Express Ltd, joins the continuously growing GeoPost network. GeoPost Bulgaria Ltd will be based in Sofia and offer international air express, air road and deferred road services under Geopost’s Chronopost and DPD brands. The first outbound shipments are planned from November 2004.

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Spanish Azkar Opens Distribution Centre in Burgos

Posted by | Sep 9, 2004 | |

Spanish transport and distribution company Transportes Azkar SA, Azcar, opened a distribution centre in Burgos, northern Spain, the company said on September 8, 2004.

The distribution centre has an area of 2,400 sq m and is part of the city transports centre.

The opening of the centre is aimed to strengthen the positions of the company in Castille Leon. Azkar operates a network of six distribution centres in the region and a logistics platform, located in Valladolid. Currently existing centres total an area of 16,000 sq m.

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Deutsche Post reaches agreement to purchase DHL Iberia

Posted by | Sep 9, 2004 | |

Deutsche Post has reached an agreement with the minority shareholders of DHL Iberia to purchase all of the company’s outstanding shares, the German express delivery and logistics provider said in a statement Thursday. In early 2003, Deustche Post decided to incorporate into DHL Iberia its Spanish acquisitions (Guipuzcoana Euroexpress, Danzas and DHL) in a process expected to conclude next year. The latest agreement will allow the German giant to acquire the remaining stake in DHL Iberia in a deal that could be finalized by year-end.

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