Author: Archive

Oesterreichische Post to shed 1,200 jobs through 2009, union vows fight

Posted by | Sep 18, 2007 | |

Oesterreichische Post AG (Austrian Post) said that it plans to shed around 1,200 jobs until the end of 2009, with some 1,000 positions being eliminated in its mail and package delivery segment.

The Austrian postal services group said that the reduction in the number of letter carriers will take place within the previously announced framework of striking around 400 such positions a year through natural attrition, the Austrian news agency APA reported.

The Post’s employees union said that it will fight these plans and will no longer continue its wage talks with the company’s management, according to APA.

Read More

Target Logistics, Inc. Agrees to be acquired by Mainfreight Limited

Posted by | Sep 18, 2007 | |

Target Logistics, Inc., a domestic and international freight forwarder and logistics provider, today announced that it has signed a definitive merger agreement to be acquired by Mainfreight Limited in an all-cash transaction valued at approximately USD 53.7 million.

Under terms of the agreement, holders of Target Logistics’ common stock will receive USD 2.50 in cash per share of common stock, representing a 36.6 pct increase over Target Logistics’ closing price on September 17, 2007, a 38.0 pct premium over the company’s one-month average closing price and a 28.8 pct premium over the company’s three-month average closing price.

The Board of Directors of Target Logistics has unanimously approved the merger agreement, and the merger agreement contemplates that holders of a majority of Target Logistics’ voting stock will execute written consents in favor of adoption of the merger agreement so as to assure the requisite stockholder approval of the transaction without the need for any other stockholder vote. Pending the completion of other closing conditions, the transaction is expected to close in the fourth quarter of 2007.

Read More

Mountaincow's New StationeryStamps(TM) Products, Powered by Pitney Bowes, Enable Customers to Coordinate Postage with Invitations

Posted by | Sep 17, 2007 | |

Pitney Bowes Inc. and invitation software maker Mountaincow LLC announced today they have joined forces to introduce stylish customized postage for invitations. Powered by Pitney Bowes, Mountaincow’s new StationeryStamps(TM) customized postage enable customers to coordinate their postage to match invitations. By expanding the scope of customized postage to include ivory stock, StationeryStamps(TM) offer a powerful new tool to enhance the look of formal invitations for weddings, fundraisers and other social and corporate events. StationeryStamps(TM) are available now for purchase at www.mountaincow.com.

Customers can choose from Mountaincow’s selection of stock images and monograms that coordinate perfectly with the designs in its website invitation gallery. Mountaincow expands its gallery each month by publishing original new designs with matching StationeryStamps(TM) customized postage in its free e-mail newsletter. Customers can also submit their own image, photo, monogram, company logo or motif, subject to USPS guidelines for customized postage. Reorders are fast-tracked by entering a prior order number. Users of Mountaincow’s PrintingPress invitation software can download a template and easily apply any of Mountaincow’s graphics, patterns, borders, monograms, curved text and patterned text to their postage designs.

Read More

China's Postal Business Volume Exceeds 80b Yuan

Posted by | Sep 17, 2007 | |

China’s post service business has witnessed an 11.6 percent average annual growth to exceed 80 billion yuan (USD10.64 billion) since the sector was separated from telecommunications business in 1998, according to a senior postal official. Ma Junsheng, director of the State Post Bureau, told a Sino-US seminar on postal reforms and express delivery on Monday that the business volume of express delivery in China had reached 30 billion yuan, with more than 2,400 express service companies.

In 1998, China carried out the reform to separate postal and telecommunications businesses in the whole country, and in 2005 the government carried out further reforms to separate administration from business operation in the postal sector. Under the new postal system, postal enterprises operate independently while administrative departments supervise the industry according to law, Ma said. On January 29 this year, Ma said, the restructured State Post Bureau and the China Post Group had officially started operation. By September 4, all postal businesses at the provincial level have been separated from administrative functions.

Read More

Pitney Bowes 12th Leadership Roundtable in Majorca, Spain Kicks Off

Posted by | Sep 17, 2007 | |

Pitney Bowes 12th Leadership Roundtable “Strengthening the Industry Through Partnerships” begins on Sunday September 16, at Hotel Castillo Son Vida in Majorca, Spain, and continues with work sessions on September 17, 18 and 19.

A record number of postal organizations are set to participate at the Roundtable, alongside key executives from companies such as FedEx, UPS and Cisco. Highlights will include an Executive Dialogue with Michael J. Critelli, Executive Chairman of Pitney Bowes and a welcome speech by José Damián Santiago, President of Correos.

This roundtable will bring together a mix of postal executives, parcel operators, and other industry stakeholders, to discuss how all aspects of the industry can partner more effectively to build a prosperous future. The goal of the roundtables is to create an event where postal executives can openly articulate and debate challenging management, marketing, strategic and technological issues.

Luis A. Jimenez, Sr. Vice President and Chief Industry Policy Officer, Pitney Bowes, who conceived and organizes the Roundtables, said the idea was to create: “A private forum for major postal stakeholders where challenges could be discussed openly, and where conclusions could be kept in a confidential setting.”

This event will see more than 18 countries represented and participants will include top management from strategic, marketing, product development, technology, and information functions. Confirmed are participants from the posts of Austria, Belgium, Bulgaria, Canada, Denmark, Estonia, France, Germany, Hungary, Italy, Latvia, The Netherlands, Portugal, Spain, Switzerland the UK and the USA. Other participants include: IPC, PostEurop, FedEx, UPS, Cisco and the Print on Demand Initiative (PODi). Participation in this Roundtable is by invitation only and is limited to 50 participants.

Read More

TNT restructures express services

Posted by | Sep 17, 2007 | |

TNT claimed its emphasis on morning deliveries, which it is backing with an international communications campaign under the “Good Morning!” theme, was unique in the market.

The key to TNT’s restructuring is close integration between its road and air networks. Nigel Barton, strategic operations director, said TNT was the only integrator with fully merged road and air operations in Europe, operating 3,700 linehauls a week.

The company has an intraregional focus rather than the intercontinental focus of its main express rivals.

Marie-Christine Lombard, group MD for TNT Express, said the company would operate only on selected long haul routes, but was seeking to replicate its European regional road/air model in markets such as Brazil, India and China, where it has acquired large domestic players in the last two years.

TNT has calculated its share of Europe’s GBP 21bn (USD 26.8 bn) express market at 17 pct , ahead of DHL on 16 pct. Lombard said it was a great opportunity that “others” outside the main integrators and post offices still accounted for 48 pct of the market, since so many smaller players were “destination specialists” offering just one or two countries.

Read More

Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited

Posted by | Sep 17, 2007 | |

Target Logistics, Inc., a domestic and international freight forwarder and logistics provider, today announced that it has signed a definitive merger agreement to be acquired by Mainfreight Limited in an all-cash transaction valued at approximately USD 53.7 million.

Under terms of the agreement, holders of Target Logistics’ common stock will receive USD 2.50 in cash per share of common stock, representing a 36.6% increase over Target Logistics’ closing price on September 17, 2007, a 38.0% premium over the company’s one-month average closing price and a 28.8% premium over the company’s three-month average closing price.

Mainfreight is a global supply chain logistics provider with approximately 3,000 team members based in operations in New Zealand, Australia, Asia and the USA. The Company was founded in 1978 and listed on the New Zealand Stock Exchange (NZX) in 1996, where it is now ranked as one of the NZX top 20 companies. Revenues for the 2007 financial year were NZUSD 968 million, and its strong balance sheet sees Mainfreight well placed for its stated goal of international expansion. (See www.Mainfreight.com for additional information).

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest