Author: Archive

USPS May Reduce Rates for Capital One

Posted by | Apr 3, 2003 | |

The US Postal Service has proposed special discounts for large credit-card company Capital One Financial Corp., the nation’s heaviest user of first-class mail, in hopes of generating new revenue. It is the first time the world’s largest mail system has offered reduced rates specially created for just one customer. Thousands of businesses already get standardized price breaks for sorting their mail by ZIP Codes and other chores that shrink the post office’s workload. But the agency wants to do more for companies that could help it resist the invasion of e-mail and electronic bill-payment systems.

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Currie set to run Palletways Benelux

Posted by | Apr 3, 2003 | |

Currie European Holdings is to run Palletways’ Benelux operation and is looking to recruit 25 logistics firms there.

Tom Barrie, md of Currie European, says: “In terms of palletised freight, Europe is a completely untapped market presenting a niche opportunity for Palletways.

We are looking forward to being a part of that success and the business will help us grow our other logistics services.”

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New man at Pallet-Track

Posted by | Apr 3, 2003 | |

Pallet-Track, the newly formed pallet network, has appointed Halcion Express’ manageing director Jack Corrie as chairman. Stoke-based Halcion Express was formerly a member of the Fortec network.

Corrie has over 45 years industry experience as well as an in-depth knowledge of overnight palletised traffic.

Pallet-Track says it has received over 90 enquiries from potential members and these include some of the “big boys”.

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U.S. 3PL market grows 7%

Posted by | Apr 3, 2003 | |

U.S. third-party, contract logistics business grew at a faster rate than the domestic economy in 2002 for the eighth consecutive year, according to consultant Armstrong & Associates.

Gross revenue, net revenues and net income all increased. Gross revenue rose 6.9 percent, while net revenue, which subtracts expenses paid to transportation carriers from gross revenue, was up 7 percent.

Net income increased from 1.7 percent in 2001 to 3 percent in 2002. That compares with 2.4 percent growth for the U.S. Gross Domestic Product last year, according to the U.S. Department of Commerce.

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La Poste France 2002 Group results

Posted by | Apr 3, 2003 | |

La Poste France announced break even group results, although negative and significantly below objectives at parent company level, illustrating the groups very insufficient profitability to face future challenges. La Poste announced modest revenue growth: EUR17.3 bn, +1.8% and a strong decline in operating income: EUR100 mn vs EUR221 mn in 2001, despite improving contribution from subsidiaries and productivity efforts.

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Australian CCC announces final decision on reply paid mail

Posted by | Apr 3, 2003 | |

The Australian Competition and Consumer Commission today announced its final decision not to object to Australia Post’s proposal to restructure prices for Reply Paid mail. The changes are to take effect from 1 July 2003, dependent on the deployment of a new Reply Paid computer management system. The ACCC’s decision will lead to a reduction in the price of small, barcoded Reply Paid letters. The price of large and small unbarcoded Reply Paid letters will rise.

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Japan Post starts life a step ahead of rivals

Posted by | Apr 3, 2003 | |

Private players won’t likely be impressed with its makeover. Japan Post has only been in business since Tuesday and is well in the process of emulating private sector practices. But private delivery firms are hardly likely to welcome a leaner, meaner rival that also happens to be a public corporation. Private companies wishing to enter the potentially lucrative market for mail delivery can expect to be tied down by numerous restrictions that do not apply to Japan Post.

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New Legislation: USPS to Cut Pension Payments

Posted by | Apr 3, 2003 | |

The Senate passed legislation yesterday to allow the U.S. Postal Service to scale back some of its pension payments, a move that would keep postal rates flat until fiscal 2006. The House is scheduled to consider an identical bill today. Under both bills, the Postal Service would keep billions of dollars it would have paid into the Civil Service Retirement System fund, which covers employees who joined the agency by 1983. Projected savings include USD 2.9 billion this fiscal year and USD 2.6 billion in fiscal 2004, according to USPS estimates

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