Author: Archive

Indonesia to allow up to 95.5% foreign stake in courier firms

Posted by | Jul 3, 2007 | |

The government has prepared a draft regulation allowing foreign investors to own up to 95.5 per cent of a courier company in the country.

Under the present regulation a foreign investor is allowed to have up to 95 per cent stake in a freight forwarding company but not more than 49 per cent in a courier company.

Postal Service Director Woro Indah Widiastuti said the draft regulation has been in the office of the trade minister for approval.

Earlier the association of logistic companies (Asperindo) urged the government to allow foreign investors to wholly own a logistic company to attract foreign investors, but their operation areas should be restricted.

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The Post Office HomePhone service launches special offers

Posted by | Jul 3, 2007 | |

A staggering one million minutes are given away to callers by the Post Office® every month as part of its free and unlimited call offer. Each month, selected destinations are included in the offer – in August the focus will shift from North America to Australia and New Zealand.
Every Sunday in July, Post Office phonecards are offering customers the chance to chat for as long as they want to friends and family in Canada and the USA for 15 pence per call.
Throughout July, Post Office phone cards also offers free calls every Saturday between midday and midnight GMT to France, Germany, Italy and Portugal – so calling friends and family living or holidaying on the continent has never been easier or better value
Over two million minutes are used by Post Office phone card customers per week. By dialling a free phone number from a UK landline, customers using the cards benefit from great call costs, no connection or maintenance fees and per second billing.
The Post Office HomePhone service was launched in January 2005 and has quickly become one of the fastest growing residential telephony providers.
HomePhone is committed to offering a simple, transparent service and was the first alternative provider to offer a single itemised bill for both line rental and call charges.

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Citipost continues deliveries during Royal Mail strike

Posted by | Jul 2, 2007 | |

On 29th June 2007 Royal Mail postal workers upheld their 24 hour strike.
The union’s executive decided to go ahead with the first national postal strike for 11 years after talks with Royal Mail broke down. Whilst this left many customers unsatisfied Citipost clients were very happy to receive continued end-to-end services during the Royal Mail strike last Friday. As a result, BBC News interviewed Daniel Charlesworth, Chariman, Citipost to see how Citipost was responding to client needs during the strike. The BBC News team also went out with one of Citipost’s drivers in London to see the client deliveries in action.

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Crown Post Office branches – strike update

Posted by | Jul 2, 2007 | |

More than 99.8 pct of the Post Office network -around 14,190 branches – was serving customers this morning although strike action led to the closure of 25 Crown branches until 12noon.

Most of the 14,220-strong network is run as private businesses by subpostmasters or by retailers under franchise agreements but the CWU had called strike action in the 458 Crown branches where the Post Office directly employs the counter staffs who work there.

However, half the counter staff turned up for works this morning and together with management volunteers, just 25 of the 458 Crown branches were not open for business until lunchtime.

The Crown network – which includes the largest branches in high streets and shopping centers – is losing around GBP 70 million a year on its operations, which is unsustainable long-term.

Meanwhile, postmen and women in Royal Mail’s letters business were at work today delivering, collecting, sort and transporting mail.

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DHL expands in Columbus, Ohio

Posted by | Jul 2, 2007 | |

DHL announced the opening of a new service center facility to meet the growing needs of customers in Columbus, Ohio and surrounding communities. DHL has invested USD 2.1 million in the state-of-the-art service center facility which serves local package pickup and delivery operations in the area.

The new, 54,000-sq.-ft. service center combines a 5,500-sq-ft facility 45 miles east of Columbus and a 20,000-sq.-ft facility near Port Columbus International Airport into one larger operation. Shipments that flow in and out of the new service center are routed directly through DHL’s principal air and ground hub in Wilmington, Ohio – one hour by road from Columbus.

The new facility was built to allow individual letters and packages to flow directly onto and off of vehicles from a conveyor belt system. This new “loose-load” operation will enable greater operational efficiencies, leading to quicker loading and unloading of freight, increased capacity on line-haul vehicles, earlier deliveries and expanded pickup cutoff times for customers in the area.

The new service center will serve package pickup and delivery operations for Columbus, Ohio and surrounding towns, including Mt. Vernon (North), Piketon (South), and Bethesda (East). The facility will handle a wide variety of shipments – including domestic and international parcels as well as palletized, loose-load and container freight.

DHL will continue to maintain its 50,000-sq.-ft service center facility located in the western part of Columbus at 2250 International Street.

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Postal strike postponed but sanctions continue

Posted by | Jul 2, 2007 | |

The Israel Postal Company workers union decided at the last moment to postpone a general strike planned for last Thursday morning after the government decided to delay the July 1 new rate schedule for bulk mailings.

Nevertheless, sanctions continue, with mail delivery slowed, post offices closing at 3 p.m. and postal clerks refusing to accept payments to the government register vehicle ownership or dispatch diplomatic mail.

Matriculation exams that are stored in Postal Company facilities are being distributed, as are National Insurance Institute allotments.

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RSM EquiCo Capital Markets Leads Negotiations as WIT Postal Logistics Is Acquired by Sopris Partners

Posted by | Jul 2, 2007 | |

Sopris Partners has acquired WIT Postal Logistics, a privately held mail distribution outsourcing company. Transaction terms were not disclosed.

RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to WIT Postal Logistics.

“Sopris Partners will play an active role in helping to manage and grow the company,” said Brian Boyle, managing director of RSM EquiCo Capital Markets and head of the firm’s Chicago office. “Sopris brings strategic sales and marketing experience to the company, while adding operational experience to WIT’s B2B service model. Sopris’ philosophy is to work with business owners that want to preserve their company’s culture, while also providing liquidity to shareholders or new capital for growth.”

About RSM EquiCo Capital Markets

RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to USD 1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

About WIT Postal Logistics

WIT Postal Logistics is a non-asset postal logistics company. Its products and services are targeted primarily for mailers, parcel shippers and fulfillment enterprises, as well as individual companies with special needs for processing, delivering and tracking volume mail or general commodity products.

About Sopris Partners

Sopris Partners is a private investment firm focused on small- to mid-sized companies. WIT Postal is the firm’s first investment, and Sopris Partners will play an active role in managing it.

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UK strike hits postal services

Posted by | Jul 2, 2007 | |

Some main post offices could be closed on Monday as the Royal Mail is hit by a fresh strike in a row over transferring services to WH Smith stores.

Hundreds of members of the Communication Workers Union took industrial action from 6am to midday in protest at plans to close 85 so-called Crown post offices and move their services to the high street retailer.

Workers at the UK’s 465 Crown Offices staged a similar walkout on Friday as part of the national postal strike, which crippled deliveries.

The union regards the WH Smith move as privatization and has warned that 1,500 jobs will be axed and workers who remain will suffer pay and pensions cuts worth thousands of pounds.

The union said it expected Monday’s strike to lead to Crown post offices being closed or badly disrupted until lunchtime.

The CWU warned there will be further strikes unless the Post Office returned to negotiations with an improved offer on pay and job security.

The postal organization said managers will be drafted in to work in affected offices, while the 13,800 sub post offices are not involved in the dispute and will all be open as normal.

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