Author: Archive

Further consolidation in Korean express market

Posted by | Sep 19, 2008 | |

Consolidation has intensified in the Korean express market with this week’s acquisition by Hanjin of rival Shinsegae, making it into the new domestic market leader ahead of Korea Express and Hyundai.

Hanjin spent 30 billion won (EUR 18.7 million) to buy Shinsegae Dream Express, part of the Shinsegae retail group, the Yonhap news agency reported. Shinsegae Dream Express made a loss of 3.3 billion won (EUR 2 million) on sales of 96.7 billion won (EUR 60 million) last year.

The acquisition would put Hanjin Express ahead of Korea Express, which ended 2007 with sales of 293 billion won (EUR 182 million), and Hyundai Express which had sales of 286 billion won (EUR 178 million). The next largest operator is CJ GLS, with revenues of 184 billion won (EUR 115 million). The four market leaders are estimated to have about 60% pct of the domestic parcel delivery market.

Earlier this year UPS bought full control of its international express joint venture with Korea Express by acquiring the latter’s 40 pct stake in the venture. UPS said the transformation of the joint venture to a wholly-owned subsidiary would allow it to grow its business in Korea and better serve its customers in a key market.

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Gavin Macrae appointed Director of Market Development (UK)

Posted by | Sep 19, 2008 | |

Gavin Macrae has been appointed Director of Market Development at Postcomm, the postal services regulator. He will report to the newly appointed Chief Executive, Tim Brown.

Gavin joins us from Royal Mail Letters where he was Director of Product Marketing. He has more than 22 years experience of working in a variety of operational and commercial roles within Royal Mail Group, including leading on new product development and innovation.

Mr Macrae joins Postcomm on 20 October 2008.

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Jordan: Post offices to offer driver's licence services

Posted by | Sep 18, 2008 | |

Citizens will be able to obtain driver’s licences at Jordan Post Company (JPC).

JPC media consultant Zuhair Al Azzeh said they expect to finalise an agreement with the Public Security Department to implement the plan within the next two weeks.

The JPC jointly with the Civil Status and Passports Department (CSPD) and the Ministry of Public Sector Reform (MoPSR) began allowing Jordanians to renew their passports through the country’s post offices in January as part of the Kingdom’s e-government track.

Under the service, citizens can approach any of the 356 JPC branches to have their documents delivered to the local CSPD centre, processed and returned to the local post office.

Applications submitted before 10:00am are returned to the applicant the same day, while those submitted after that time will be delivered the following day, according to the scheme.

Azzeh told The Jordan Times that since its implementation, demand for the passport renewal service has increased, with thousands of citizens using the service each month.

In addition to postal and financial services, the JPC collects bills on behalf of the Jordan Telecommunications Company, the Water Authority and the Electricity Distribution Company EDCO, and also provides National Aid Fund beneficiaries around the Kingdom with their monthly allowances in line with the list provided by the welfare agency.

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DHL, PosLaju to jointly offer express service (Malaysia)

Posted by | Sep 18, 2008 | |

Express couriers DHL and PosLaju have jointly launched Pospriority Express, a premium international express delivery service.

The service, jointly developed and marketed by DHL and PosLaju, is aimed at customers from the retail sector as well as small and medium enterprises.

The company expects the new service to boost its international shipments by 20 pct from the initial five participating PosLaju outlets.

DHL Express (Malaysia and Brunei) Country Manager Sam Leong said the collaboration was a significant milestone.

Under the agreement signed yesterday, DHL will provide customer service and after-sales support as well as 24-hour tracking services.

The Pospriority Express service will initially be available at five selected PosLaju outlets located at Kompleks Dayabumi, Brickfields, Klang, Penang and Johor Bahru.

By the second quarter of next year, it will be rolled out nationwide.

Pospriority Express offers five kg, 10kg and 25kg box options.

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Post Office UK: Non-liners miss out on GBP 4.5 billion savings per year

Posted by | Sep 18, 2008 | |

Families with broadband can save GBP 70 per month through online access to cheaper household goods and services, according to new research from the Post Office. Those who are online paint a picture of a ‘broad-bound’ society as 96 per cent consider internet access to be a lifestyle necessity they could not live without.

Yet one third of UK households are missing out on these savings, and the wider benefits, because they are still not online. A total of almost GBP 4.5 billion of potential savings are being missed by non-web users each year, in what is a worrying effect of a deepening digital exclusion.

Broadband in the Home: An Analysis of the Financial Costs and Benefits was commissioned by Post Office Telecoms to calculate, for the first time, the financial impact of the UK’s digital divide. Fear of the initial expense of getting a PC and internet connection, or fear of online fraud, is actually deepening the digital divide amongst those who could stand to benefit most from getting online.

One year on from the launch of its broadband service, this research will inform the Post Office’s continuing work to get the digitally excluded online by improving accessibility and transparency.

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FedEx Express to increase shipping rates in 2009

Posted by | Sep 18, 2008 | |

FedEx Corp. will increase shipping rates for FedEx Express by an average of 6.9 percent for U.S. and U.S. export services, effective January 5, 2009. The rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points.
Rates and surcharges for FedEx Ground also will increase for 2009. These changes will be announced later this year.
Additional changes will be made to other FedEx Express surcharges effective Jan. 5, 2009.

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FedEx hub project gets federal money (U.S)

Posted by | Sep 18, 2008 | |

The FedEx Corp. cargo-hub project at Piedmont Triad International Airport will get more than USD 5 million in federal financing for construction work, the office of U.S. Rep. Howard Coble said.
Coble said that the Federal Transit Administration will provide the airport with nearly USD 4.5 million for the extension of Taxiway D that serves regular air traffic. The money will be used for Phase One of the construction project.
The Federal Aviation Administration will provide the airport with USD 1.1 million for costs directly associated with construction of the cargo hub. The money will be used to build the new runway and associated taxiways, and to buy land.

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FedEx Corp. reports first quarter earnings

Posted by | Sep 18, 2008 | |

FedEx Corp. reported earnings of USD 1.23 per diluted share for the first quarter ended August 31, compared to USD 1.58 per diluted share a year ago.
FedEx Corp. reported the following consolidated results for the first quarter:
• Revenue of USD 9.97 billion, up 8pct from USD 9.20 billion a year ago
• Operating income of USD 630 million, down 23pct from USD 814 million last year
• Operating margin of 6.3pct , down from 8.8pct the previous year
• Net income of USD 384 million, down 22pct from last year’s USD 494 million
Total combined average daily package volume in the FedEx Express and FedEx Ground segments grew 1pct year over year for the quarter. Growth in ground, FedEx SmartPost and international domestic express shipments was substantially offset by a continued decline in U.S. domestic express shipments.
Operating results declined, as strong cost management actions were more than offset by global economic weakness, higher fuel prices and the related negative effects of higher fuel surcharges. One fewer operating day at each of the transportation segments also negatively affected results. While fuel prices decreased from historic highs late in the quarter, the average price of jet fuel was up 77pct year over year.

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