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FedEx is BASELWORLD's New Courier Service Provider

Posted by | Nov 19, 2007 | |

FedEx is the new official courier service provider for the world’s leading watch and jewellery show, BASELWORLD. From 3-10 April 2008, the express courier company will offer exhibitors and visitors an extensive all-round courier service right on site.

“With its extensive and flexible range of services, FedEx is our ideal courier services provider,” said Sylvie Ritter, Show Director of BASELWORLD, on the new long-term co-operation. FedEx will handle all document, catalogue and sample dispatch directly on site for exhibitors and visitors, from preparing the paperwork to packaging and import and export management.

With its reliable Express Service, FedEx offers next day delivery to the most important business centres in Europe and the USA, as well as a 2-3 day delivery service to Asia. Especially for BASELWORLD, the courier company will extend its range of services and also offer an express service within Switzerland. The FedEx service centers are manned daily from 9 a.m. to 6 p.m. in Hall 6 “Hall of Universe” and in the Business Centre.

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TNT inaugurates international air route at Rennes

Posted by | Nov 19, 2007 | |

TNT Express has inaugurated a new international air route between Rennes in north-west France and its European air hub at Liège to improve service to customers in the Brittany region.

The service, which has been in operation since October, was officially inaugurated on November 15 in the presence of TNT Express France CEO Eric Jacquemet, representatives of the local Chamber of Commerce and Industry, and numerous customers. During his visit, Jacquemet underlined the very satisfying capacity utilization of the new route one month after the start, and highlighted the advantages of the service for customers in the region.

The route is operated five days a week by BAE146 QT or B737 freighters, with capacity to transport 10 tons of international parcels, documents and freight, TNT Express France said in a statement.

The late departure time of 22:50 offers exporters in Bretagne maximum flexibility with later pick-up times. On its way back, the plane from Liège arrives at Rennes at 06:10, offering optimal organisation of import deliveries throughout the whole region.

The new service complements the daily route that already exists between Rennes and Marseille for domestic shipments. In France, TNT Express has flights to and from six airports: Bordeaux, Lyon, Marseille, Paris CDG, Toulouse and Rennes.

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USPS financial results for 2007

Posted by | Nov 19, 2007 | |

The Postal Service announced its financial results for Fiscal Year 2007, which ended Sept. 30. The Postal Service concluded the fiscal year with a USD 5.1 billion net loss, attributable to mandatory funding requirements in the Postal Act of 2006 (see chart). The year-end loss is about USD 300 million less than projected earlier in the year.

“It’s important to note that we not only achieved our plan, which had to be adjusted to reflect the new law, but we overcame a slow start and did better than our mid-year projection,” said Potter. Without the financial impacts of the law, the Postal Service would have ended the year with net income of USD 1.6 billion.

Total revenue in FY 2007 was USD 74.9 billion and expenses totaled approximately USD 80 billion. Mail volume was 212 billion pieces.

The Postal Service recorded an eighth consecutive year of productivity growth in fiscal 2007. Total Factor Productivity, which measures the relationship between workload and resource usage, was up 1.7 percent over FY 2006. Productivity was aided by a reduction of 36 million work hours, which is equivalent to USD 1.2 billion.

Record On-Time Performance

National on-time performance scores for the delivery of First-Class Mail hit all-time highs in the fourth quarter of FY 2007 for all three categories the Postal Service tracks. National overnight performance was 96 percent on-time in the final quarter —a first for the last quarter and for two consecutive quarters.

National two-day and three-day performance also hit all-time highs of 94 percent and 93 percent respectively.

First-Class Mail performance is measured independently by IBM Global Business Services. The process measures First-Class Mail from the time it is deposited into a collection box until it is delivered to a home or business.

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Regulatory experts from around the world meet at IPC

Posted by | Nov 19, 2007 | |

Twenty-seven regulatory experts from IPC member postal operators, Japan Post and postal operators in Eastern Europe participated in a regulatory experts’ meeting on last week in Brussels. Beginning in 2008, the expert group will meet in Senior Executive Forums which will provide a platform for exchange of views at macro level on regulatory topics.

The meeting provided an opportunity for participants to discuss privatisation and liberalisation. A high point was a presentation on privatisation in Japan by guest speaker Masahiko Metoki, general manager for international strategy at Japan Post; he was assisted by senior manager Shoji Maruyama. Wolfgang Pickavé, director of regulation strategy at Deutsche Post, and Victoria Kickinger, secretary general at Österreichische Post, provided insight into the European experience of privatisation. Discussion on liberalisation kicked off with a presentation from Leen van de Weert, senior advisor, pubic affairs at TNT Post, who outlined legislative progress towards full opening of the Dutch market.

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Japan Post Network chooses Aflac as exclusive provider of cancer insurance

Posted by | Nov 19, 2007 | |

Japan Post Network Co. has chosen Aflac Japan, a unit of U.S.-based supplemental insurer Aflac Inc., as the exclusive provider of cancer insurance for distribution through its roughly 24,000 post offices nationwide.

“Given the extensive number of post office locations, we anticipate that over-the-counter sales will play an important role in the future,” said Laura Kane, a spokeswoman for Aflac Inc. However, the company isn’t ready at this point to share expectations on future revenue or earnings from the deal, she said.

Japan Post Network is one of four separate postal entities that started operating in October as a part of the postal privatization process established under laws enacted in 2005, the Columbus, Ga.-based Aflac said.

Japan is Aflac Inc.’s biggest market, where it derives about 75% of its total revenue. The company says it’s the No. 1 insurance company in terms of individual insurance policies in force in Japan. Kane said cancer is the No. 1 killer in Japan and Aflac is the biggest seller of cancer insurance in that country.

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Deutsche Post repeats has time to look at Postbank in '08

Posted by | Nov 19, 2007 | |

Deutsche Post reiterated on Monday that it would have room next year after the deregulation of the domestic mail market to deal with its Postbank retail bank unit.

Asked about a possible sale of Postbank, Deutsche Post investor relations head Martin Ziegenbalg said on Monday that the priority was to create value for shareholders.

But he reiterated that Postbank was currently not for sale.

Postbank shares extended gains and were up 6.4 percent at 56.06 euros by 1059 GMT, leading gainers on the German blue-chip DAX index

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Western Union extends Multi-Year Agreement with Kroger

Posted by | Nov 19, 2007 | |

The Western Union Company announced it has renewed its agreement with The Kroger Co., one of the nation’s largest grocery chains, to offer Western Union(R) services.

The multi-year agreement will ensure that Western Union Money Orders, Money Transfer and bill-payment services continue to be available to consumers at stores nationwide, including Kroger, King Soopers, Ralphs, Fry’s, Fred Meyer, Smith’s, City Market, Gerbes, Dillons and Loaf n’ Jug.

The Kroger Co., which has offered Western Union services for 22 years, has more than 2,400 locations in over 30 states nationwide. The company operates supermarkets and price-impact, warehouse, multi-department, convenience and jewelry stores under nearly two dozen banners. The company’s longstanding relationship with Western Union has led to a number of successful ventures and pilots at Kroger stores.

“Western Union owes much of our success to our outstanding agents,” said Royal Cole, Executive Vice President, Western Union Payment Services. “Our longstanding agreement with Kroger is just one example of how teaming with trusted local businesses provides our diverse consumer base with the greater convenience and higher service levels they desire.”

Western Union is a leader in global financial services, enabling millions of individuals and businesses worldwide to transfer money quickly, easily and securely. Western Union services are offered through trusted local businesses that are an integral part of the communities they serve. By continuing to expand and diversify its range of services and its unparalleled agent network, Western Union’s vision is to become the financial services provider of choice to people across the world.

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