Post Office group Consignia says revenue from its home shopping fulfilment service rose 10% to £500 million in the past year. The figure was revealed as Consignia launched a new online customer delivery selection service this week.
Read MoreThe government has decided to raise postal rates from April 25.
Ordinary postal rates will go up by around 25 per cent and commercial rates by around 60 per cent, Postal Department sources said.
The postage for an ordinary letter will be Rs.4.50 and for a registered letter, Rs.16.50. Parcel Post rates will also increase substantially.
Air mail and foreign parcel rates will also increase, but telegraphic rates will remain the same, the sources said.
This decision has been taken
top policy-maker of the ruling Liberal Democratic Party (LDP) warned Friday the LDP may split if Prime Minister Junichiro Koizumi goes ahead with his plan to have four bills related to postal deregulation approved by the cabinet on April 26 despite opposition from a LDP panel.
“If it is on April 26, the party will split,” Taro Aso, chairman of the LDP Policy Research Council, told a meeting of the LDP Executive Council, according to participants.
Poste Italiane, the company which runs the Italian post office, closed 2001 with net losses of 74m euros, 318m euros less than in 2000.
The gross operating margin amounted to about 675m euros and Ebit is positive by 198m euros. In 2000 Ebit was in the red by 52m euros.
The American company UPS (United Parcel Service) and the local firm Andreani which provides private postal, logistics and distribution services signed a strategic alliance to combine UPS’ international network (the company covers more than 200 countries) with Andreani’s network in Argentina.
Read MoreTPG NV will report on Wednesday a small rise in operating profit over the first quarter, while net earnings will come in lower, analysts said.
Operating profit from continuing operations is expected to show a single-digit rise from 277 mln eur last year, led by margin improvement at Express and Logistics. A positive outlook for the Express division could push the stock higher, analysts expect.
Air delivery company DHL Indonesia, a subsidiary of Brussels-based DHL Worldwide Express, said on Thursday it would open an international gateway in Medan, North Sumatra, in June this year.
“Medan is closer to Singapore so the export-import activities in Greater Medan will be faster, cheaper and more efficient,” DHL Indonesia gateway manager Adenan Tampubolon said during a press visit to the DHL gateway in Jakarta.
United Parcel Service, the world’s biggest package delivery and logistics company, trumped market expectations with a 3.3 per cent fall in first-quarter net income to Dollars 563m, as international business offset weaker domestic demand.
Net earnings were Dollars 0.50 per diluted share, compared with Dollars 0.51 last time, and above analysts’ average forecast, compiled by Thomson/ First Call, of Dollars 0.47 per share.
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