Author: Archive

Blue Dart Revenue Up at 182.31Crores

Posted by | Apr 17, 2007 | |

Blue Dart Express Limited, South Asia’s largest integrated air express courier and package distribution company, today declared its financial results for the first quarter ended March 31, 2007 at their Board Meeting.

Income from operations for the 1st quarter 2007 was Rs. 181.66 crores, an increase of 19.53% over the corresponding quarter of the previous year, and profit before tax for the quarter was Rs. 23.43 crores despite the induction of two Boeing 757 aircraft in the 2nd quarter of 2006.

Anil Khanna, Managing Director, Blue Dart Express Limited said, “Strengthening of our infrastructure, especially our aviation system, is critical to meet increasing demand and ensuring service excellence. The induction of two B757 freighters provides greater capability to service our customers, and reinforces our commitment to facilitate India’s trade and commerce. In the last quarter Blue Dart handled approximately 17 million shipments weighing over 42,000 tonnes.

“This year we have also planned to add 57 new facilities, 11 of which have already been made operational in the last quarter. Further, our ground network is being fortified to offer customers a one-stop distribution capability unmatched in the country. Currently, we are the only player in the domestic air express segment offering an unrivalled payload of 250 tonnes each night through our dedicated fleet of 2 B757s and 4 B737s”, Anil Khanna added.

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Oriental Bank and India Post in pact for rural lending

Posted by | Apr 17, 2007 | |

Oriental Bank of Commerce on Tuesday signed an MoU with India Post to extend rural credit in Chandrapur and Warora districts in Maharashtra; and Mapusa, Vasco and Vadgaon districts in Goa

“In the pilot project, the bank will provide short-term consumption credit worth Rs 20,000 per beneficiary,” said Mr Ravi Taneja, Deputy General Manager, social lending and priority sector department, Oriental Bank of Commerce

“The loans will be collateral-free and not require a guarantee. The repayment period will be up to two years,” Mr Taneja added

Post-offices will identify prospective borrowers, assist in the filling up of loan application forms and forward them to the bank branch concerned for disbursement. The bank will pay a commission of Rs 600 per loan to India Post and also decide on the status of the loans

The post-offices will help in opening savings bank accounts for potential borrowers. They will assist in recovery of loans but will not be liable for defaults or any dispute arising between the borrower and the bank

“The postmen who understand the local flavour and are acquainted with the local people will be deployed for the execution of the scheme,” said Col. K.C. Mishra, Postmaster General, India Post

India Post is already working with Corporation Bank in Goa. It also has an agreement with Union Bank of India and plans to sign MoUs with Dena Bank and Bank of Maharashtra

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Postal Service faces new challenges

Posted by | Apr 17, 2007 | |

Even with postage rates going up, the Postal Service expects a deficit this year as struggles with a swiftly changing communications market, Postmaster General John Potter said Tuesday.
“The dynamics of the 21st century communications market have altered — forever — the basic assumptions of postal economics,” Potter said in remarks prepared for the House Oversight and Government Reform postal subcommittee.

The rapid growth of electronics communications have resulted in declines in lucrative first-class mail, though lower-cost advertising mail continues to increase.

In addition, private companies have taken a growing share of the package and rapid delivery market.

“Competition exists for every piece of mail that we move through our system,” Potter said.

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Parcelforce make a delivery with a difference

Posted by | Apr 17, 2007 | |

Digging, building and painting rather than collecting, sorting and dispatching provided the schedule for West Midlands Parcelforce Worldwide employees who gave up their time to deliver with a difference to Sandwell and.

Employees from the company’s Birmingham depot and Coventry International and National hubs volunteered as part of Parcelforce Worldwide’s first National Community Team Challenge Day. Local activities included improving the children’s play area at St Francis Xavier School in Sandwell and building a summerhouse and gardening at Valley House in Coventry.

Organised through Business in the Community’s employee volunteering programme, Cares, the Team Challenge Day was set up to make it easier for colleagues to work together by getting involved in their local communities.

As the majority of Parcelforce Worldwide employees spend on average, ten hours every day on the road or are night workers, so opportunities to work as a team and get to know one another are limited.

The response to participate in the team challenge attracted volunteers from every part of the business. As well as drivers and sorters, Parcelforce Worldwide’s Board and colleagues from all business functions rose to the challenge.

Iain Groark, Parcelforce Worldwide’s Head of Corporate Social Responsibility was delighted by the take up, exclaiming: “The enthusiasm from our people to support their local community has been inspiring. With one in five of our sites and over 250 of our colleagues giving up their weekend, we hope that long and valuable relationships will develop between our sites and the community groups they are working with.”

Each community team challenge was organised by a front line employee keen to develop their project management skills. They were given up to pounds 500 from the business towards the cost of materials and supported in developing a project plan, recruiting volunteers and undertaking a health and safety risk assessment.

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DHL launches trade advisory services

Posted by | Apr 17, 2007 | |

DHL announced on Monday the introduction of trade advisory services, which provides a host of facilities that will expand the comprehensive suite of products under the global DHL Global Trade Services (GTS) platform

The new services complements other key features of the DHL Global Trade Services, which comprises importer and exporter of record services, customs brokerage services, and trade automation services, said a DHL release

Since its launch in late 2006, Global Trade Services has helped to facilitate cross-border trading by aiding businesses manage complex duty regulations, shorten lengthy business processes, and lessen the stress of global trade management

Trade advisory services comprises four distinctive features covering supply chain security services, trade opportunity services, customs and trade capacity building services, and goods classification services

Supply chain Supply chain security services focus on two major security initiatives, including the US Customs and Border Protection authority’s C-TPAT (customs-trade partnership against terrorism) and AEO (authorised economic operator), which is initiated by the World Customs Organisation

Trade opportunity services leverages DHL’s network of customs professionals and experience of operating in different markets to simplify trade processes

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NetExpress Europe expands into Romania

Posted by | Apr 17, 2007 | |

NetExpress Europe (NEE), the network of independent European express parcel carriers, has expanded into Romania by signing up Möbius Express as its agent in the country.

Möbius Express is a Romanian – Austrian express courier company which has been in the Romanian market since last year.

It offers nationwide coverage through its own fleet and a network of five hubs and branch offices, and claims to provide 24-hour distribution across most of the country. There is also a 10am next-day delivery option for urgent shipments to selected locations.

NEE has gradually expanded its network in Central and Eastern Europe over the last year, and now covers most European countries.

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Private German mail operators PIN, Xanto link up

Posted by | Apr 17, 2007 | |

Two leading private mail operators, PIN Group and Xanto, have announced a strategic cooperation to strengthen their operational networks. PIN Group aims to establish itself as the leading competitor to Deutsche Post while Xanto plans to create an independent network for local mail operators.

In a joint statement, the companies said that Xanto would take over nationwide linehaul transportation for PIN with immediate effect. This covered the linehaul services from local PIN mail depots to regional hubs where regional and national shipments are interchanged as well as onward transportation to the two PIN central hubs in Würzburg and Hanover, and traffic between the two central hubs.

At present, PIN Group transports about one million domestic shipments per day on these routes within one working day. The company, owned by leading German media groups, has 7,000 employees, annual volumes of over 1.2 billion shipments and turnover of some EUR 350 million.

Xanto was founded in spring 2006 by five German logistics companies to develop a nationwide mail transportation network. Until now, its strategy was to sign up as many as 100 local and regional mail operators as partners and create an alternative nationwide distribution network. Last October it announced that night express operator Night Star Express would provide the physical long-haul transportation services.

Günter Thiel, PIN Group CEO, declared: “The competence of Xanto in freight forwarding ideally complements our nationwide logistics network.” Xanto managing partner Christian Holland-Moritz added: “As the largest competitor to Deutsche Post, PIN Group with its nationwide delivery network and growing shipment volumes is a central partner for us.”

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Postcomm announces new safeguards for management of address information

Posted by | Apr 17, 2007 | |

Postcomm, the UK’s independent postal services regulator, has today announced new safeguards for the future management of the postcode and address data contained in Royal Mail’s Postcode Address File (PAF).

PAF lists details of every postal address and postcode in the United Kingdom. As such, it is a very valuable asset for Royal Mail, since many other organisations – including new postal operators, banks, insurance companies and firms offering home delivery – need to use the information it contains.

The four key issues covered in today’s document – “Royal Mail’s future management of PAF” – are:

* The definition of PAF – what information should Royal Mail be obliged to supply? Postcomm considers that ‘PAF data’ is not only made up of postcode details, but also includes other information needed to allow users to identify specific addresses.

* The creation of an advisory board. Royal Mail has agreed to set up an advisory board to represent the views of PAF users, and has already started the recruitment process for the board’s independent chairman.

* Ringfencing of PAF. As competition develops in the mail market – and also with other suppliers of similar address data – it is crucial that Royal Mail ringfences PAF from its other activities, in order to avoid potential conflicts of interest.

* Profits. There is increasing demand for PAF data from a wide range of organisations, which rely very heavily on the information it provides. This puts Royal Mail in a very powerful position where setting prices is concerned. Although PAF does not fall within the ‘price control’ that Postcomm uses to set a pricing and service quality framework for Royal Mail, the company has agreed to aim for an operating profit margin in the range of 8-10%. If profits exceed this range, the excess would be either returned to customers or reinvested in PAF.

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