Author: Archive

Afghanistan, Tajikistan Posts Cooperate

Posted by | Aug 6, 2002 | |

A protocol on cooperation in post and telecommunications was signed between the communications ministries of Afghanistan and Tajikistan in Kabul today. The Bakhtar Information Agency reports that in accordance with this protocol, the Postal Department of Tajikistan will train a number of personnel of the Postal Department of the Ministry of Communications [of Afghanistan] and will establish postal links between the Central Asian countries, Iran and Pakistan via Afghanistan.

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Consignia backs down over small business charges

Posted by | Aug 6, 2002 | |

Consignia has backed down over its plan to charge small businesses and householders £14-a-week to receive their post before 9am.
The company announced plans to level the charge for an early delivery to those receiving less than 20 letters a day, meaning that SMEs would be faced with paying an extra £728 a year.
Instead, Consignia will now widen its pilot projects to see if it can deliver small volumes of mail before 9am for under £14-a-week.

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UPS concludes Teamsters talks with local contract

Posted by | Aug 5, 2002 | |

United Parcel Service wrapped up negotiations on a new contract with the International Brotherhood of Teamsters when it reached agreement Sunday evening with a union local in Chicago representing 7,500 UPS workers there.
Frank Wsol, secretary-treasurer of Teamsters Local 710, said the basic financial package mirrors the national agreement reached by the Teamsters and UPS on July 16, but that the local agreement also includes significant pension improvements.
Wsol said he expects ballots will be mailed out in about six weeks to members of Local 710 employed by UPS. Earlier last week, Local 705 in Chicago, representing 13,000 UPS employees, also settled with the company.
The agreement followed 14 hours of negotiations on Saturday and a full day of talks on Sunday, Wsol said.

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Airborne Express manages to make a small profit

Posted by | Aug 5, 2002 | |

Airborne Express managed to make a small profit of $457,000 in the second quarter despite falling volumes in its core overnight express product. Airborne made good strides with its newly introduced Ground Delivery Service product that now makes up about 10 percent of the domestic volume.
Airborne has been slashing costs and restructuring itself into a leaner and more productive competitor. Already the low-cost provider of the bunch, Airborne eliminated $84 million in operating expenses in the first six months of the year alone.

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Parcelforce Worldwide are trialing a home shopping delivery alternative

Posted by | Aug 5, 2002 | |

B2C delivery could take a step into the future with new ‘failed delivery’ trials being run by Royal Mail, Parcelforce Worldwide and Nottingham City Council. If the trials are successful it could not only give the post and parcel operators the competitive edge in the UK market, but also the psychological lift the companies have been looking for.
In an innovative new venture, Royal Mail and Parcelforce Worldwide are trialing services aimed at putting an end to the ongoing problems of failed delivery. The project, named ‘Not-In-Home’, is being run in conjunction with Nottingham City Council, and is likely to include over 40,000 residents in the area.

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TPG delivers solid first half results

Posted by | Aug 5, 2002 | |

TPG has today announced its second quarter 2002 and half year 2002 results.
Combined earnings from its three businesses, Mail, Express and Logistics,
grew by 8.6% in the half year and by 9.7% in the second quarter on revenue
growth of 4.2% and 4.0% respectively.
Operating cash flow for the group increased in the half year by 66% to €591
million with net debt reducing by €209 million from the 2001 year-end,
supporting an increase in interim dividend of 7.1% to €0.15 per share.
Net income from continuing operations for the first half of 2002 was €288
million, a growth of 0.7%. Second quarter net income growth from continuing
operations was 22.9%.
The full year 2002 outlook has been reconfirmed.

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TPG sees Dutch govt reducing stake 'at earliest' within 6-12 months

Posted by | Aug 5, 2002 | |

TPG NV chief executive Peter Bakker said he expects the government to reduce its 35 pct stake in TPG at the earliest within the next 6-12 months.
After reducing its stake to around 35 pct in 2001, the government had said it would like to eventually cut the holding to 10 pct.
Bakker said waiting 6-12 months is his advice for the government, but it can decide at its own discretion to sell the stock.
Bakker said the company is in good contact with the government on the matter. TPG has asked the government to consider clarifying its plans for liberalising the postal market further before it divests its stake in TPG. He expects this would lead to more certainty about the company’s prospects, making it easier for the government to successfully sell the shares.

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