Author: Archive

Russian Postal Service needs 3bn-dollar upgrade over three years

Posted by | Sep 5, 2002 | |

Russia’s Federal Postal Service requires upgrades worth 1bn dollars annually within the next three years, First Deputy Communications and IT Minister Aleksandr Kiselev told a press conference on Thursday [5 September].
He said the most urgent requirement is upgrading the service’s 17,000 vehicles. About 60 per cent of them need replacement, which results in slow service and low efficiency, Kiselev said.
He also said the service’s profitability was a mere 4 per cent last year on revenues of R22bn [696m dollars]. Of this amount, 22m dollars was invested in upgrading facilities. Kiselev said the Federal Postal Service hopes to achieve profit margins of 7 per cent in the short-term and 15 per cent in the longer term.
In order to boost profitability, the service is expected to centralize purchasing management and develop express post services, parcel trade, logistics and financial services countrywide, he said. He added that a national postal bank might be created soon.

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Korean Post Office to help pay back Asian financial crisis loans

Posted by | Sep 5, 2002 | |

The government has decided today to ask the Post Office to pay insurance premiums to the Korea Deposit Insurance Corp. (KDIC), to help finance the repayment of public funds poured into ailing financial institutions in the wake of the Asian financial crisis in late 1997.
In a draft plan on the repayment of the public funds, the Ministry of Finance and Economy said the Post Office should share the burden for public fund repayments. The government will also use surplus budget finances to repay the public funds.
It will replace 13 trillion won (US$10.1 billion) worth of bonds, issued by the KDIC and the Korea Asset Management Corp. (KAMCO), with state bonds by the end of the year.
An additional 23 trillion won worth of KDIC and KAMCO bonds will be replaced by state bonds by 2006.
The balance in KDIC and KAMCO bonds will remain at 97 trillion won as of the end of the year.

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Dr Denglish

Posted by | Sep 5, 2002 | |

A gong of sorts too for Klaus Zumwinkel, the Americanophile who has shaken the dust off Deutsche Post, Germany’s former state-owned postal group. The Verein Deutsche Sprache, the association that safeguards the German language, has elected Zumwinkel “speech meddler of the year” for 2002 and called him the master of mixing German with English into “Denglish”.

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Hays Logistics wins contract with Autoglass

Posted by | Sep 5, 2002 | |

Hays Logistics has been appointed to manage stock distribution for Autoglass. Under the 3 year multi-million pound contract, Hays will provide a fleet operation, managing stock delivery from its national distribution centre.

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Govt may review subsidy on postal services & goods

Posted by | Sep 5, 2002 | |

The government is considering a review of the subsidy on postal services and products. At present, a plain postcard priced Re 0.50 is subsidised by Rs 5.55, while printed post cards carry a subsidy of Rs 3.81. As a part of the government policy, postal services in India are highly subsidised

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Tibbett & Britten extends services to international businesses in Mexico

Posted by | Sep 5, 2002 | |

Since the acquisition of Dimalsa in March 2002, the UK-based international logistics specialist Tibbett & Britten Group plc has been successfully extending its services to international businesses in Mexico. Major new contracts in the country have strengthened the Group’s relationships with existing customers in the USA and elsewhere.

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