Author: Archive

Postal privatization panel advances diverse reforms

Posted by | Jun 17, 2002 | |

Members of Prime Minister Junichiro Koizumi’s private advisory panel have submitted a number of proposals concerning the privatization of the postal services business, according to sources.

The panel, which is considering ways in which the three state-run postal businesses–mail, postal savings and insurance–should be operated, may release its final report as early as August.

Naoki Tanaka, an economic commentator and chair of the panel, has presented his submission on his Web site.

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Japan's Post Office Mail-delivery ops set to move into black

Posted by | Jun 17, 2002 | |

The public post office’s mail-delivery service is expected to move into the black for the year through March 31, after having suffered losses in the previous two years, Hiroshi Matsui, director general of the Postal Services Agency, said Friday.
“The balance sheet (for mail services) dramatically improved (in fiscal 2001),” Matsui said at a press conference.
The bullish projection was attributed to cost-cuts and revenue from profitable advertisement delivery, including direct mailings.

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FedEx plans to maintain night flights at Roissy

Posted by | Jun 16, 2002 | |

FedEx, the US express postal delivery group, has announced double-figure turnover growth in Europe for the financial year ending May 31, despite the slowdown in the US economy and the events of September 11. It also has a positive view of the year ahead.

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German Parcel Abandons Acquisition Plans

Posted by | Jun 16, 2002 | |

German Parcel, a unit of British postal service Consignia, and its European holding company General Logistics Systems (GLS) have shelved plans to expand their existing European parcel-delivery network through acquisitions.
German Parcel chief executive Rico Back told Handelsblatt that his company, currently the number four in its sector in Germany, will instead use joint ventures and partnerships as a way of closing the gaps in its existing networks.
The company previously made acquisitions in Italy and Finland. The new strategy will now be implemented not only in Norway, Switzerland and Greece but also in Spain, Back said.

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1.5M pounds cash for urban post offices

Posted by | Jun 16, 2002 | |

THE Scottish Executive has agreed 1.5m pounds in funding to help support post offices in urban deprived areas. Details of the scheme are to be worked out between Consignia and the Executive by the end of the calendar year.
The money will go into a central fund to which post offices in these areas can apply for funding to help make local offices viable in areas where otherwise they are struggling financially.
It would mean support could be available for post offices like that in the Lambhill area of Glasgow where there has been widespread local concern about what the loss of the office would mean to the local area.

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Deutsche Post Set to Cut Letter Rates to Avoid Subsidy-Repayment Order

Posted by | Jun 16, 2002 | |

Deutsche Post AG plans to cut the rates it charges for letter delivery in several stages, a move from which it expects to lose revenue totaling 572 million euros, in a bid to avoid having to repay subsidies running into hundreds of millions of euros.

The European Union’s Competition Commissioner, Mario Monti, has accused Deutsche Post of 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. The European Union Commission is to decide on the matter on Wednesday. It’s expected that it will make its highest ever demand for the repayment of subsidies.

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Uruguayan Post to Offer e-Services

Posted by | Jun 14, 2002 | |

Uruguay’s postal service plans to create a website offering goods and services, as well as an Internet access point at its main branch in each provincial capital, Uruguayan daily El Observador reported. The project will benefit Uruguayans from the country’s interior, who don’t have the opportunity to shop in the capital Montevideo, as well as those without access to computers and credit cards, postal service VP Gustavo Osta said.

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Panalpina IPO postponed

Posted by | Jun 14, 2002 | |

The Basel-based Panalpina Group, one of the world’s leading providers of forwarding and logistics services, announced a few weeks ago that it would go public, but left the timing of the IPO open. The group’s sole shareholder, the Ernst Göhner Foundation, has now decided not to go ahead with the IPO this year, as it considers that the stock market situation is currently unfavourable for a successful share flotation.

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