Author: Archive

China Post to split off EMS, form joint-stock chain

Posted by | Jul 15, 2004 | |

China’s State Postal Bureau (China Post) plans to split off its courier business, known as EMS, and restructure it into a joint-stock national chain to stem the further erosion of its market share by foreign rivals, such as DHL, FedEx Corp and United Parcel Service Inc (UPS). “The plan is to split off EMS by the end of this year and turn it into a national express mail chain responsible for its own losses or gains,” an industry source said.

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MBO deal agreed at Mail Solutions

Posted by | Jul 15, 2004 | |

Print, envelope and mailing firm Mail Solutions has been bought in a GBP7.4m management buyout (MBO) from owner Homeserve.

Household repairs group Homeserve sold Mail Solutions to concentrate on its core business. The MBO is subject to shareholder approval at the end of the month but according to the head of the MBO, Mail Solutions group managing director Alan Griffiths, the meeting will be a formality.

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UK Postcomm modifies Speedmail International’s long term licence

Posted by | Jul 14, 2004 | |

Postcomm today modified the long term licence held by Speedmail International
Limited. The modification introduces a requirement for accounting separation into the licence. This is because Speedmail International Limited was purchased by Deutsche Post Global Mail (UK) Ltd in January 2004. Postcomm’s policy is that licensees which are owned by postal operators that are dominant in their domestic market should provide separate financial accounts for their licensed business. This will enable Postcomm to monitor possible unfair cross-subsidisation of competitive services from monopoly services to provide the relevant information to the appropriate authorities should the necessity arise.

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TPG buys out Turkish Logistics joint venture partner KOC

Posted by | Jul 14, 2004 | |

The mail, express and logistics company TPG N.V., through its subsidiary TNT Logistics Turkey, has signed an agreement to acquire full ownership of TNT Lojistik ve Dagitim Hizmetleri A.S by buying the remaining 50percent shares of the joint venture partner Koç Group. The joint venture is one of the leading logistics providers in Turkey and activities include warehousing, inbound logistics, container management and distribution.

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Mexican Sepomex signs agreement with Deutsche Post Global

Posted by | Jul 14, 2004 | |

The Mexican Postal Service (Sepomex) will soon be signing an agreement with the German mail company Deutsche Post Global, forming an international business alliance which will help Mexico increase its sales and globalize its services, stated Gustavo Islas, general director of Sepomex.

The official stated that with this agreement and the one Sepomex recently signed with the United States Postal Service (USPS), the company will be able to boost its profitability in just the next year or two. In addition Mexico will likely attract new business related to mail services as Deutsche Post is the owner of the US packing and correspondence firm DHL.

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Japan Post eager to enter other Asian markets

Posted by | Jul 14, 2004 | |

Japan Post President Masaharu Ikuta said Wednesday he plans to strengthen international competitiveness of the public corporation’s postal service so that it can expand its mail delivery service to other Asian countries.

Speaking at a lecture for Kyodo News subscribers in Tokyo, Ikuta said, “We are making a belated attempt to boost our international competitiveness in order to advance into other Asian markets.”

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Strong start for Business Post arm UK Mail

Posted by | Jul 14, 2004 | |

Business Post, the express delivery company, said yesterday that trading had been “very satisfactory” so far this year, and that its new UK Mail division had got off to strong start.

Earlier this year the company struck a landmark deal with Royal Mail to use its delivery network, its first step into the UK letters business. Since May 10 Business Post has collected and sorted mail from its business customers and paid Royal Mail 13p a letter to deliver them to domestic addresses, its annual meeting was told yesterday.

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