Author: Archive

Sabena's fate is uncertain

Posted by | Oct 24, 2001 | |

More uncertainty on Wednesday surrounded the fate of Sabena, Belgium’s troubled flagship airline, as the government tried to play down news reports that a move to file for bankruptcy could soon be made.

Since Sabena is under Chapter 11 style protection from its creditors, such an initiative could come from one of several parties.

The government, which owns 50.5 per cent in the lossmaking airline, indicated it was not considering a bankruptcy filing in the next few days.

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China Post Introduces PC-Letter

Posted by | Oct 24, 2001 | |

October 24, 2001 — Tang Min, China Daily (Beijing): “A revolutionary new
system that can send letters via computer from any location in the world to
China in just several minutes and for no more than 3.5 yuan (US$0.40) is to
be launched in 18 Chinese cities. The new Desk Post Office service –
PC-Letter – will be available in Beijing, Tianjin, Shanghai, Chongqing and
Liaoning next month, and will be spread to other Chinese regions in the near
future, the China Post Administration announced yesterday.

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DHL and Evergreen Air Cargo announce partnership

Posted by | Oct 24, 2001 | |

DHL World Express announced yesterday a partnership with Taiwan’s Evergreen Air Cargo Services Corporation (EGAC), which will soon provide the international express courier with air-side facilities in EGAC’s cargo terminal at CKS international airport.

The deal is part of an aggressive US$300 million investment program by DHL to enhance the company’s ground infrastructure so that it can strengthen its parcel handling efficiency in the Asia Pacific region and Taiwan.

“DHL adjusts the balance of its investment portfolio depending on where the demand for business is,” said Asia Pacific CEO Marc Duale.

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Poste Italiane on target to hit profit in 2002

Posted by | Oct 24, 2001 | |

Post Italiane is on course to break even in 2002 vowed its managing director after its operating losses for the first half of 2001 showed they were down some 72 per cent on the same period last year.
The post reported net operating losses of Euro44 million in the first half of 2001, 72 per cent less compared to the same period of 2000.
“With an improvment of Euro 124 million compared to the same period for 2000, the net operating profit of Euro 115 million is a substantial step towards overall economic stability,” said the company report.

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UK Christmas mail volumes

Posted by | Oct 24, 2001 | |

Mail volumes typically rise from about 80m items a day to 140m during the Christmas period, but much of the extra volume has gone second-class. Total volume has also stuck at about 3bn for the last couple of years.

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Early Post: BPG soothes customers

Posted by | Oct 24, 2001 | |

‘Early Post has nothing to do with abusing our monopoly but everything with making our services more efficient’, says Frans Rombouts, CEO of Belgian postal company Belgian Post Group (BPG). Early Post guarantees a post delivery before 9 a.m. from 1 November onwards but the service costs 60 euros a month.

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