Author: Archive

Canada Post not subsidising courier

Posted by | Jul 16, 2002 | |

Contrary to UPS’s assertion in your July 8 article “UPS browned off with Canada Post,” the decision in Europe requiring Deutsche Post to repay some $840 million to the German government for using monopoly profits and state aid to subsidize its commercial courier operation is interesting but has no “significant adverse implications for Canada Post.”

Simply stated, Canada Post does not use its letter-mail network to subsidize its courier business. In fact, the Competition Bureau of Canada has twice thoroughly reviewed the issue and found no evidence to indicate that Canada Post engaged in cross-subsidization, and this is also certified every year by independent auditors.

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Deutsche Post content with minimal competition

Posted by | Jul 16, 2002 | |

Deutsche Post said it welcomes the approval by the Bundesrat to amend the Postal Act (Postgesetz). This means that from 2003 onwards, only letters and addressed catalogues weighing more than 100 grams will be open to competition.

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EU Won't Allow Compromise over Deutsche Post's Subsidy-Repayment Order

Posted by | Jul 16, 2002 | |

Deutsche Post AG will not be allowed to make a compromise solution to the repayment of 572 million euros in what the European Union Commission has judged to be illegal subsidies, people close to the German postal-services and logistics giant said on Tuesday.
These people cited top-ranking Commission officials. EU Competition Commissioner Mario Monti ordered the repayment in mid-June, when he ruled that Deutsche Post has been using receipts from letter post, over which it has a monopoly, to cross subsidize cut-throat pricing in areas that have been opened up to competition. According to Monti, the German government’s decision to secure Deutsche Post a monopoly that can be used in this way is tantamount to the provision of illegal subsidies.

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A memorandum on mutual understanding is signed between the Kyrgyz Government and World Post Union

Posted by | Jul 16, 2002 | |

Yesterday a memorandum on mutual understanding between the Kyrgyz Government and the World Post Union is signed in Bishkek. Director general of the International Bureau of the World Post Union Thomas Edward Levy and deputy Prime Minister of Kyrgyzstan, Minister of Transport and Communications Kubanychbek Jumaliev are signed the memorandum. The memorandum considers the cooperation of the Kyrgyz Government and World Post Union in the sphere of modernization, development of post communications of Kyrgyzstan. In particular, the WPU undertakes to render assistance in issues of preparing projects and searching foreign investments for their implementation and for development of post links of Kyrgyzstan. According to K. Jumaliev, the required sum of investments for modernization of the post makes about 3 million US Dollars.

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Posten announces strategic partnership with 7-Eleven

Posted by | Jul 15, 2002 | |

Posten today welcomed 7-Eleven as the latest company to join its service network. A partnership agreement has been reached enabling 7-Eleven customers to perform routine postal transactions at all of the chain’s 62 locations.
7-Eleven will offer domestic and international stamps, various types of postage-paid envelopes, as well as access to postal collection boxes. The chain’s stores are located in Stockholm, Gothenburg, and the southern Skåne region.
– 7-Eleven is a suitable strategic partner for two predominant reasons: the stores are centrally located and its open hours are generous. The strategic partnership brings Posten closer to its customers, says Maivor Isaksson, head of Posten’s service network.
The partnership with 7-Eleven takes effect September 2002, and all stores should be phased in by October 2003.

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Stinnes deal a switch for rail

Posted by | Jul 15, 2002 | |

The recent $2.5 billion bid by Deutsche Bahn, Germany’s state-owned railway, for Stinnes, the country’s top logistics group, was a shot in the arm for Europe’s beleaguered rail freight industry as it struggles to stem a steady loss of traffic to rival transport modes.
The acquisition will triple the volume of Deutsche Bahn’s cargo and logistics traffic, making its freight operations almost as large as its passenger business with around $11 billion in annual revenues.
This is a milestone for Europe’s rail freight which has been an also-ran to the higher profile and more politically sensitive passenger sector.

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FedEx signs 5 year deal with Chronoexprés

Posted by | Jul 15, 2002 | |

FedEx has signed a five-year deal with Chronoexprés under which the company will make collections and deliveries on those areas of Spain it does not serve direct. This connects an additional 26% of the Spanish economy to the EuroOne network, the integrator said.

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TNT Express opens new hub

Posted by | Jul 15, 2002 | |

TNT Express has opened a €5.3m hub in Istanbul, paving the way for the launch of new domestic services in Turkey including same day, before 9am and before noon deliveries. Istanbul services 40 depots and boasts daily linehaul connections to TNTs main European hub in Liege and to 10 other main European road hubs.

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