Author: Archive

China Postal Service plans listing

Posted by | Mar 17, 2003 | |

Deprived of the government subsidy it has received for the past 53 years, the mainland postal service has submitted a plan to the State Council to list its six most profitable regions overseas.

National Postal Bureau (NPB) director Liu Liqing was yesterday quoted as saying it planned to inject its operations in Beijing, Shanghai, Jiangsu, Zhejiang, Fujian and Guangdong into a separate company for listing. The flotation would most likely occur in Hong Kong, the official Economic Observer newspaper reported.

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Guipuzcoana improves turnover

Posted by | Mar 14, 2003 | |

Guipuzcoana Euro Express, the Spanish parcles and logistics services provider, which belongs to the DPWN has improved its turnover by 7% from EUR 277 m in 2001 to EUR 297m last year.

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MRW introduces new parcels products

Posted by | Mar 14, 2003 | |

The Spain based MRW, which specialises in express services for documents and small parcels, has just introduced 2 new products on the Spanish market with guaranteed delivery by 12.00 hrs on the following day.

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TNT Portugal increases sales

Posted by | Mar 14, 2003 | |

TNT Portugal, a subsidiary of the Dutch post and express parcel concern, increased its sales in 2002 by 5.4% to EUR 29.021 million. TNT Portugal claims that it now controls 16% of the Portuguese market.

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UK Royal Mail late delivery payout could save sector GBP36M per year

Posted by | Mar 14, 2003 | |

Royal Mail’s plans to compensate brand owners for late deliveries could see direct marketers recoup more than GBP36m a year if it fails to meet national targets.

The proposal may be given the green light at a board meeting next month. It would enable bulk mailers to claim 1 per cent off their Royal Mail bills for every 1 per cent the postal operator fails to meet national delivery targets – up to a maximum of 5 per cent.

If the scheme had been in place this year, it would have cost Royal Mail GBP36m, according to Postcomm figures.

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Russia Post privatisation on track

Posted by | Mar 14, 2003 | |

Russian Post, the nationwide postal service established last September, will become a joint stock company next year and will go public in 2007, Communications Deputy Minister Alexander Kiselyov said Thursday.

The change in the company’s structure is part of a planned reorganization adopted in June to increase efficiency, speed and quality of the postal services.

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