The future is bright, despite a drop in turnover and lettermail volumes maintained, Anton Wais, CEO of the Austrian postal service, Osterreichische Post.
Wais said he considered the preliminary results for 2001 as an indication that the positive trend from the previous year, which saw the post make a small profit when it only expected to break even (see Postexpress volume 5 issue 11) would continue.
TPG has won its long-standing battle with the Netherland’s industry regulator, OPTA (Independent Post and Telecommunications Authority), concerning the post’s system for disclosing financial information.
The case centred on the way TPG allocated revenues and costs over its various activities (conveyance of letters weighing up to 100g under the monopoly, other mandatory services and free services), a system which had already been approved by OPTA in December 2000.
Japan’s top parcel delivery firm expressed doubt Wednesday as to whether the government was ready to open postal services to private firms as reports said the postal ministry would require a new player to install some 100,000 postboxes of their own. Yamato Transport Co. Ltd., seen as the only serious rival to the public entity if postal services are opened up to free competition, now sees it as “difficult” to enter the sector, company spokeswoman Miki Shiratori said
Read MoreAllan Leighton will receive up to £200,000 a year as chairman of Consignia and may keep some of his 10 other directorships – but he will have to demonstrate performance to earn his pay. Patricia Hewitt, trade and industry secretary, has insisted that 90% of his remuneration must depend on the impact he makes on efficiency at the loss-making former Post Office. Mr Leighton will remain on the basic salary of £20,000 a year he was earning for working one day a week as a non-executive director of the company. The rest of his package will be determined by performance criteria under discussion as part of Consignia’s £1.2bn restructuring plan.
Read More22 March 2002 – The parent company of Citymail has sold its remaining 33% holding to the Norwegian post Office
Read MoreGeodis, the French logistics group, said net loss over 2001 mounted to 138 million euro, up from a loss of 27 million euro in 2000. Net sales were up 2.4 per cent, to 3.5 billion euro, operating income was up 71 per cent, till 34.6 million euro. Diluted net loss per share was 26.42 euro, against 5.12 euro over 2000.
Read MoreHow a monopoly firm turned profit into loss (Table)
Read MoreDeutsche Post AG, the German postal operator, is facing more problems with the announcement by the country’s current opposition parties that it plans to overturn the current tax privilege of up to 450m euros which the service enjoys. Additionally, the CDU said that it will demand that DP pays back millions in VAT.
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