TNT has 15.5% share of Portugese express market
TNT has a 15.5% share of the Portuguese express market and has been growing at an annual rate of 8%-10%, making it the overall sector leader.
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International express carriers gear up for increased road delivery after Polish EU entry
International express carriers will shift a large portion of their business from air to road delivery once Poland joins the European Union (EU), lifting customs clearance for goods destined for EU member countries and sharply reducing waiting times at the Polish-German border, industry sources said.
“A significant volume of shipments within Europe will move from air to road,” said Miros³aw Gral, international manager of Messenger Service Stolica, a Warsaw-based courier that works with the global network of U.S.-based Airborne Express.
Deutsche Post Q1 Financials Expected Tuesday
German postal giant Deutsche Post AG is expected to post an eight percent fall in first quarter core profit on Tuesday, figures which may shed more light on the scale of margin erosion at its mail division. The postal, logistics, express and banking group disappointed investors three weeks ago when it predicted its cash cow would see margins of ‘at least’ 14 percent in 2002, lower than analysts were expecting.
Read MoreSwiss Post boosts profit
The Swiss Post increased its conglomerate profit last year by approximately two thirds (+64%) to CHF 194 million. The operating profit rose by 32% to CHF 545 million. Net turnover compared to the previous year climbed by 3.4% to CHF 6.228 billion.
Read MoreUSPS Tests After-Hours Mail Pickup
The U.S. Postal Service began testing an after-hours mail pickup system this month for packages that could not be delivered during normal business hours. Currently, after an unsuccessful package delivery attempt, customers must request redelivery or pick up the package at their local post office during normal operating hours. The pilot program consists of a vertical carousel, a touch screen and a barcode reader. Undeliverable parcels are loaded into a carousel in an area accessible to the public 24 hours a day. The mail carrier scans each piece’s barcode, which corresponds to a barcode left with the attempted-delivery notice at the customer’s residence. The carousel holds up to 300 packages, but can be scaled for 800. Customers can pick up their packages by scanning the barcode on their attempted-delivery notice into the carousel’s barcode reader. Customers then must swipe a credit card for identification. There is no charge for the service.
Read MoreCTT (Portugal) Needs Cash Injection from Gov
State postal service company CTT needs a cash injection from the state, Diario Economico reports the company’s auditors as saying. CTT’s balance sheet problems stem mainly from its heavy pension burden, which led to a payout of around EUR306 million in 2001.
Read MoreSumitomo & Sagawa to form cargo company
Sumitomo Corp. and Sagawa Express Co. said Friday they will form a joint venture with a major Chinese trucking firm in July to launch cargo delivery services in Shanghai and surrounding areas.
The joint venture will be China’s first door-to-door parcel delivery company, Sumitomo and Sagawa said.
Consignia to report losses of over GBP 1bn
CONSIGNIA, the owner of Britain’s post-office network, is preparing to announce the bloodiest set of full-year results in the 360-year history of the mail service.
Next month, the company is expected to reveal headline losses of more than Pounds 1billion. Some insiders fear the losses could be as high as Pounds 1.3billion because the group will be including a raft of exceptional items to cover its restructuring programme.
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