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Deutsche Telekom chairman under pressure to leave

Posted by | May 3, 2007 | |

Klaus Zumwinkel, chairman of Deutsche Telekom is under pressure from other board members to leave his non-executive post when his contract ends in May 2008, a German newspaper said on Thrusday.

Several supervisory board members had questioned whether Zumwinkel, who is also chief executive of mail and logistics group Deutsche Post and non-executive chairman of Deutsche Postbank could devote enough time to Deutsche Telekom, the Financial Times Deutschland said.

Deutsche Telecom faces strikes over plans to move some 50,000 staff into lower-paying service units as it tries to cut costs in the face of hefty fixed-line subscriber losses.

Citing people familiar with the situation, the paper said Zumwinkel wanted to delay any decision on his future at Deutsche Telekom until later in the year.
The paper said that private equity firm Blackstone, which holds a 4.4 percent stake in Deutsche Telekom, had in December pushed for the resignation of Zumwinkel, citing a possible conflict of interest and arguing that Zumwinkel was unable to devote sufficient attention to Deutsche Telekom.

But the German government, which still owns 31 percent of Deutsche Telekom, had rejected the complaint, the paper said.

No one at Deutsche Telekom, which holds its annual shareholder meeting on Thursday, was not immediately available for comment. Deutsche Post declined to comment.

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Oesterreichische Post focuses on Niche Markets in Eastern Europe

Posted by | May 3, 2007 | |

Oesterreichische Post AG’s 500 mln eur acquisition and expansion programme will focus on niche markets, private carriers in Eastern Europe and technology providers, according to Chairman Anton Wais.

Wais told the Viennese daily Die Presse that the Austrian postal services company had already earmarked investments of 80 mln eur for expansion in Eastern Europe, up to 150 mln eur for Western Europe and around 120 mln eur for the acquisition of companies with technology expertise.

Wais said that Oesterreichische Post’s acquisitions will continue to focus on niche markets, avoiding direct competition with such parcel logistics giants as DHL and TNT.

Private carriers in Romania, Bulgaria and Ukraine will be the next targets of the Austrian company’s acquisition strategy, while investments in national postal providers will only be an option at a later stage, according to Wais.

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TNT announce higher revenues and higher operating income in 2007

Posted by | May 3, 2007 | |

The year started with a 9.1% increase in revenues and a 7.3% increase in operating income, with both divisions contributing positively to the revenue and operating income growth.
Express continued on the path of double-digit (+12.3%) revenue growth, with an operating margin of 8.0%, close to last year’s level of 8.3%, despite the effect of the recently acquired businesses. Excluding this effect, the margin would have increased to 8.6%.
Express revenue growth was 8.0% in Europe and 32.5% (37.6% at constant rates of exchange) in the Rest of World. The latter included a large (+25.9%) acquisition effect. Mercúrio in Brazil was acquired at the start of the quarter and the acquisition of Hoau in China was completed in March. Together these two businesses add over euro 300 million of annualised revenues to the group.
In Mail Netherlands, addressed mail volumes declined by 4.3%. A euro 14 million one-off gain on sale of real estate, positive price/mix effects and closely controlled costs helped the overall result. In EMN, organic revenue growth exceeded 25%, with continued growth in the UK and German addressed mail businesses. This was augmented by acquisition effects (+14.7%), particularly in the German regional service and mail consolidation.

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TNT Express launches new morning delivery in France

Posted by | May 2, 2007 | |

After completing a study of customers’ needs, TNT Express has launched a fourth morning delivery service in France.

The fourth morning delivery service for parcels and documents is scheduled before 10.00.

Alongside this the company also delivers urgent next-day packages before 08.00 and 09.00, as well as before 13.00, but recent studies showed that a following-day service before 10.00 for parcels up to 30kg would be beneficial for professionals daily operations.

This new inititaive will commence at the beginning of June. “It will offer professionals more flexibility with an optimal market coverage across the country,” TNT Express France said in a release.

“This offer is supported by the strength of TNT Express’ infrastructure in France,” the company added, “and the power of its road and air networks.”

TNT Express France last month opened a new 10,000 sqm parcel and document sorting centre and regional HQ north of Paris, which can handle 26,000 packages a day, and now has some 120 sites in France.

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Nigerian gov't plans independent courier regulatory body

Posted by | May 2, 2007 | |

The federal government has planned to establish an independent courier services regulatory body to oversee the operations of courier companies in the country, official said here on Wednesday.

Ibrahim Mori Baba, Post Master General of the Nigeria Postal Service (NIPOST), said the new body was part of the reforms aimed at restructuring the courier sub-sector to ensure effective regulation and monitoring.

He said the NIPOST which currently regulated the operation of courier services in the country was a player in the sector.

The independent body would ensure fair competition and stimulate the entire postal sector for better performance and greater economic contribution, he added.

He urged the officers to be good image managers of the organization and introduce best marketing strategies to generate new business to the organization.

According to the NIPOST Public Relations Manager Hussaina Ato, the reforms would also bring about the commercialization of the outfit and the government had no intention of privatizing the establishment.

It is reported that a consultancy firm from the Netherlands was engaged by the federal government last year to carry out the restructuring of NIPOST

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Deutsche Post rules out takeovers

Posted by | May 2, 2007 | |

Deutsche Post has announced that it intends to focus on organic growth and has ruled out investing in other postal service companies outside Germany. This counters reports that the company was interested in acquiring Israeli postal service company Israel Postal Company. It is also said that representatives for Japanese and Chinese postal services could be in discussion with Deutsche Post.

However, the integration of newly acquired business in the express business has been slower than expected. The impending liberalisation of the European postal market threatens to entail a drop in figures for Deutsche Post.

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US Governors accept PRC's revised rate recommendations

Posted by | May 2, 2007 | |

The Governors of the Postal Service announced they accepted the decision of the Postal Regulatory Commission (PRC) to modify two of its earlier rate case recommendations: lowering the price of the Priority Mail Flat-Rate Box to USD 8.95 and extending the nonmachinable surcharge (which encourages mailing efficiencies) to all single piece and presorted First-Class Mail letters, regardless of weight.

Still pending is the Governors’ request that the PRC reconsider its decision relating to Standard Mail flats. No date has been announced for that decision. All new rates are scheduled to go into effect May 14, except those for Periodicals (magazines and newspapers), which are scheduled to go into effect July 15.

Also during today’s meeting of the agency’s Board of Governors, Chief Financial Officer H. Glen Walker reported that a USD 925 million net loss was recorded during the second quarter of the fiscal year (Jan. 1 – March 31) due largely to expenses relating to the implementation of the Postal Accountability and Enhancement Act, signed into law on Dec. 20, 2006.

The Board of Governors also approved funding to purchase additional Delivery Bar Code Sorter equipment for sorting letter mail in the sequence in which carriers deliver it. The purchase consists of 110 new machines as well as 394 stacker modules for existing Delivery Bar Code Sorters.

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DPD Lithuania will carry parcels to Greece

Posted by | May 2, 2007 | |

Starting from May 2007 parcels delivery service provider DPD Lietuva (Latvia), suggested new parcels delivery direction for Lithuanian market. From now on Lithuanian businessmen will be able to transport parcels to Greece.

“After French post company GeoPost, owner of DPD Lietuva, purchased company that deals with parcels delivery in Greece, boarders and possibilities of DPD network were broadened. This is one of the last EU countries where to we didn’t transport parcels from Lithuania. Lithuanian companies are increasingly interested in Greece as in a market of potential consumers, therefore we are glad to enter it together with our customers”, – states DPD Lietuva manager of sales and marketing for Baltic countries Gintaras Bingelis.

According to him, after introducing directions to new EU member states Romania and Bulgaria in the beginning of this year and after adding new direction to Greece to service package in May, company DPD Lietuva will transport parcels to 25 European countries.

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