Author: Archive

Change in Director’s Responsibilities at Business Post

Posted by | Oct 15, 2003 | |

Business Post, one of the UK’s leading express delivery companies, announces that Russell Hodgson, Group Operations Director, has been promoted to Group Managing Director, Parcel Services. In addition to his existing responsibilities for Network Services, including both Corporate and Franchised locations, Russell will assume responsibility for the Express, International and HomeServe business units. Russell will continue to report to Paul Carvell, Chief Executive, as will the Managing Directors of the Group’s other business units (UK Pallets, UK Today and UK Mail).

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UK Royal Mail 'still talking about rail'

Posted by | Oct 15, 2003 | |

Allan Leighton, chairman of Royal Mail, will today tell MPs that the postal organisation is talking to seven potential suppliers about continuing to transport mail on the railways.

The Royal Mail scandalised unions and environmental groups in June by concluding that air and road were cheaper options for delivering post, and that the network’s mail-train services will stop by the end of next March. This was despite the fact that it had signed a 10-year contract for its rail services, ending in 2006.

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Deutsche Post urges privatization to ease US expansion

Posted by | Oct 15, 2003 | |

Deutsche Post, the global mail, express and logistics group, has urged the German government to speed its privatization to ease regulatory problems facing its U.S. parcel delivery operations. The sale of further shares in Deutsche Post, which is still 62% government-owned after an initial public offering in 1999, “would help us qualitatively, particularly in the U.S., ” chief financial officer Edgar Ernst told the Financial Times of London.

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Beijing Post Offices sell insurance products

Posted by | Oct 15, 2003 | |

Recently, Beijing people have another convenient channel of buying insurance products. The Beijing Post Insurance Agency Bureau formally operated on October 9, which was the World Post Day. Most Beijing post offices began to sell insurance products of a number of insurance companies for the mass people in the same time.

At present, 452 post offices sell insurance products, which covered all areas of Beijing. All kinds of insurance products are available in the near post offices for the mass.

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Japanese Prime Minister vows to sell off post office

Posted by | Oct 15, 2003 | |

Junichiro Koizumi, the Japanese Prime Minister, has pledged to privatise the creaking post office network.

He insists that his plan to place the trio of post office businesses, including mail delivery operations, the world’s biggest savings bank and the hefty Kampo life insurance company, into private ownership would form a central platform of his party’s general election campaign. Mr Koizumi called an election last week.

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A step too far for the west's privatisers

Posted by | Oct 15, 2003 | |

If Japan’s Prime Minister succeeds in privatising the postal service, he will guarantee himself a place in the financial history books.

Most countries, even those which have embraced the liberalisation of their postal services, have stopped short of a stock market flotation.

The reasons are varied: for some governments, the prospect of a privatised postie is politically contentious; other administrations, mindful that the income stream from a well-run delivery network can be very lucrative, prefer to keep hold of the purse strings; and still others believe that postal markets will fetch a higher price once vigorous competition is allowed to flourish.

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US DHL shipping airborne jobs to Florida

Posted by | Oct 14, 2003 | |

DHL is pressing ahead with plans to integrate the operations of both DHL Worldwide Express and Airborne in a move that could affect 1,000 jobs at Seattle-based Airborne. The development highlights DHL’s determination to proceed with its US strategy, despite the ongoing legal challenge posed by rivals UPS and FedEx.

Deutsche Post’s express carrier subsidiary DHL has announced it will permanently locate its US headquarters in southern Florida and will integrate its operations under the umbrella name DHL Express. Although expected, this implies that the name Airborne will disappear and its head office in Seattle will be closed. The consolidation, which will be carried out over the next 12-15 months, will relocate some personnel from Seattle, but it is feared some will lose their jobs. The precise details will be unveiled in the first quarter of next year.

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OptiMail Interim Report, 1 January – 30 September 2003

Posted by | Oct 14, 2003 | |

– Turnover for the first nine months of 2003 was MSEK 226.7 (176.3)

– OptiMail’s profit after tax for the first nine months of 2003 was MSEK 7.0
(6.6*)

– Earnings per share for the first nine months were SEK 0.53 (0.48*)

– During the third quarter, OptiMail acquired 19% of the Norwegian transportation and logistics company, Traconi AS

– During the third quarter, the company issued a disclosure notice that it has acquired 5% of its own shares by repurchase

* The profit for the first nine months of 2002 is exclusive of capital gains on the sale of CityMail Sweden AB.

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