Italian state-owned postal services company Poste Italiane registered a consolidated net profit of EUR90.3mln (USD107.8mln) for 2003, compared to EUR21.6mln (USD25. 7 mln) for 2002, it was reported on May 4, 2004.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at EUR1.175bln (USD1.403bln) for 2003, up 46 pct year-on-year.
Read MoreAn Post’s proposal for rural roadside post boxes has suffered another blow after a pilot survey found that voluntary acceptance of the scheme would not “justify the investment”.
The company will now return to communications regulator ComReg, who rejected compulsory placement of the boxes, with a view to trying to change its decision on the matter. A total of 12,000 homes were surveyed and asked whether they were would be prepared to have a roadside box. However there were just 5,000 responses, with marginally over half saying that they would be prepared to accept the new system.
Read MoreDeutsche Post, the German state postal service operator, is reported to have bowed to customer demand, and is said therefore to be planning up to 1,500 new branches in residential areas with more than 2,000 inhabitants. It will limit the reduction of mailboxes to 108,000 units, and more customer-friendly opening hours are envisaged. The company had been facing criticism over plans for extensive reductions in the number of mailboxes and limits to be placed on services provided in sparsely populated areas.
Read MoreJapanese posts minister Taro Aso on Monday held talks with a Deutsche Post AG board member in Germany to learn more about the German postal system before compiling the government’s draft this fall for privatising Japan Post in 2007, Japanese government officials said. Aso, minister of public management, home affairs, posts and telecommunications, discussed the advantages of privatizing postal services with Deutsche Post board member for mail delivery, Hans-Dieter Petram, the officials said.
Read MoreSingapore Post Ltd. have said their full-year net profit fell slightly, hurt by poor economic conditions at the start of the financial year.
The postal services company reported net profit of SD104.3 million for the year ended March, down 4percent from SD108.7 million the previous year.
Read MoreUPS and Yahoo! Inc. have announced the integration of a suite of online UPS shipping tools into Yahoo! Small Business, a leading provider of services enabling small businesses to be successful online.
The tools, now available to Yahoo! Small Business’ more than 30,000 merchants, provide easy access to UPS services that allow them to process and ship orders in a more efficient and cost-effective manner, while improving customer satisfaction by displaying key shipment information at check out.
Read MoreThe government will privatise the three postal services in stages from April 2007 and discontinue its guarantees on new postal savings deposits and new insurance policies, according to an interim report drawn up on April 26 by the Council on Economic and Fiscal Policy.
The postal savings, life insurance and mail delivery services will be fully privatised after a transition period of five to 10 years. The report stipulates that postal savings and insurance services should be scaled back, but does not go into specifics. Details regarding many other key issues, such as organisational structures and job security, have also been left out.
Read MoreMore than a million UK letters a month are being delivered to the wrong house, but few customers bother to complain, according to a new report.
About 14.4 million items of post are lost every year, with 60 per cent simply put through the wrong letterbox.
Postwatch said that it had received 2,000 complaints over the past year about misdelivered mail.
Read More
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.
