Author: Archive

UK Publishers fight new pricing formula

Posted by | Mar 18, 2004 | |

Publishing companies will face distribution cost increases of up to 50percent if Postcomm, the independent regulator of the postal industry, allows Royal Mail to move to a system of size-based pricing from April 2005. Ian Locks, chief executive of the Periodical Publishing Association, says: “At the extreme of the changes, some publications will be hit very badly especially, the lightweight tabloid formats. “Publishers will be faced with large price increases when distributing these magazines. Initially, there would have been a 150percent increase but we have worked hard through representations to Postcomm to reduce this to 50percent.”

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Gov’t to gradually scrap tax breaks for Japan Post

Posted by | Mar 18, 2004 | |

The government is considering gradually scrapping preferential tax treatment for Japan Post after its privatization in April 2007, a government source said.

Japan Post, a public corporation set up in April 2003 to take over mail delivery, postal savings and insurance services from the Postal Services Agency, is now free of corporate tax and stamp duty on the three postal services.

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Magyar Posta announces pre-tax profit of Ft3 billion

Posted by | Mar 18, 2004 | |

State-owned Magyar Posta Rt has announced a pre-tax profit of Ft3 billion (D14.56 million) for 2003, Ft1 billion (D4.85 million) higher than expected and a huge improvement from a Ft9.08 billion (D44 million) loss suffered in 2002, according to CEO Pál Szabó.

He added that operating profits were Ft5 billion (D24.27 million) versus 2002’s operating loss of Ft7.05 billion (D34.22 million).

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New Zealanders spurning personal letter-writing quickest

Posted by | Mar 18, 2004 | |

New Zealanders are spurning personal letter-writing far more quickly than scribes in other countries – and NZ Post is feeling the pinch as a result.

The state-owned enterprise, which has a 95 per cent share of the domestic letter market, said that volumes of the humble stamped envelope had fallen 3.7 per cent in the second half of last year.

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TPG Post wins legal proceedings against tax authorities and OPTA

Posted by | Mar 18, 2004 | |

Royal TPG Post has won its case against the Dutch tax authorities and the Independent Post & Telecommunications Authorities (OPTA). The court in The Hague ruled that the tax forms sent by the tax authorities to taxpayers should be regarded as ‘letters’, thereby falling under the exclusive concession held by TPG Post for the conveyance of letters. The tax authorities may therefore not tender the forms to TPG Post’s competitors for distribution. The tax authorities disputed this following OPTA’s opinion that tax forms should be regarded as printed matter. However, the court considers tax forms as personalised written items. The court also decided that OPTA had not taken into account the interests of TPG Post in forming its opinion, as they did not consult with TPG Post on their own initiative in order to gain the company’s opinion.

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Postcomm takes the limits off TNT’s internal mail services licence

Posted by | Mar 18, 2004 | |

Postcomm have agreed a modification to an interim licence held by TNT UK Ltd to enable the company to carry more letters under its internal mail services contracts.

The current licence held by the company for this work limits the number of items to be conveyed to 40.5 million per year. The modified licence removes this limit.

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FedEx Corp. Net Income Soars 41percent in Third Quarter

Posted by | Mar 17, 2004 | |

FedEx Corporation has reported earnings of USD 0.68 per diluted share for the quarter ended February 29, including USD 0.03 per diluted share of costs associated with the previously announced business realignment through early retirement and severance programs. Excluding these costs, earnings for the third quarter were USD 0.71 per diluted share. Earnings were USD 0.49 per diluted share a year ago. “Our revenue growth accelerated, reflecting a strengthening worldwide economy and successful execution of our business strategy, highlighted by the strong performance of our FedEx International Priority(R) service” said Alan B. Graf, Jr., executive vice president and chief financial officer. “In addition, substantial cost savings from our business realignment programs at FedEx Express are resulting in meaningful improvement in our Express margins.”

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