Deutsche Post AG will keep its majority stake in Deutsche Postbank AG, chief financial officer Edgar Ernst said in a newspaper interview.
‘The majority in Postbank is a fundamental part of our corporation and this will continue to be the case,’ he told German daily Die Welt in an interview to be published tomorrow.
Deutsche Post holds 50 pct plus one share in Postbank.
Read MoreEmpost, has expanded its wide range of value-added services by opening the Cargo and Logistics Removals Department that will specialize in moving households, office relocations, transporting exhibition equipment and handling of personal effects. The company’s flexibility, comprehensive knowledge, expertise and its extensive transport network will leverage its comprehensive knowledge in the industry to meet the increasing local and international demands for packing and removal services.
The new department utilizes state-of-the-art technologies, such as a specially developed range of packing cartons to provide the best protection for the clients’ belongings. Empost has also customized vans to cater to the unique service demands and is equipped to carry out jobs quickly and efficiently.
Read MoreThe U.S. Postal Service, which has lost many customers to cyber communication, is increasing online appeal by strengthening its eBay association.
More than 75 area eBayers attended seminars Friday at the Gary main post office on Martin Luther King Drive, learning how they could use the post office to ship CDs, books, antiques and other wares.
Cynthia Norfolk, USPS customer relations head for Gary said three seminars drew occasional sellers as well as online business runners: “Our attendees were seniors, young people, first-time buyers and sellers … some with some experience. We’re really pleased. This is the first one here in Gary.”
Norfolk said catering to the eBay segment has become a national trend for the company, which has actual eBay teams.
While people can relay messages via texting or e-mail, Norfolk said the U.S. Postal Service intends to remain a leader of delivering goods bartered online.
They, of course, contend with FedEx and UPS competition, but “We’re easier. We have delivery stops everyday. We have carrier pickup and free shipping materials,” she said.
At the regional group meeting of the Asian members of the World Savings Banks Institute (WSBI), celebrated today 16 March in Manila, savings banks from 17 Asian countries confirmed their commitment to closely cooperate and paid particular attention to the impact of migration, as a key driver of local economic development and business growth.
Mr. José Antonio Olavarrieta, President of WSBI declared: “Migrants represent a particular “niche” of clients with particular needs for financial products and services, both in the home and in the host country. The required services are different, especially in the host countries due to the different background, culture and nationality of these migrants. Savings banks are ideally positioned to serve these particular client segments, thanks to their close relationship with their customers and their ability to propose low-value and low-volume products in a profitable way.”
Mr. Rolando L. Macasaet, President and Chief Executive Officer at Philippine Postal Savings Bank and Mr. José Antonio Olavarrieta, WSBI President, signed a memorandum of understanding in order to assist the Philippine Postal Savings Bank in the identification of key remittance corridors. “Thanks to this Memorandum, we will be able to set up the necessary contacts and frameworks with other WSBI members to execute fair value remittance services”, declared Mr. Rolando Macasaet.
This memorandum of understanding is part of WSBI’s three pillar strategy in remittances. These pillars are:
Contributing to the definition of policy by public authorities and international organisations,
Mobilising WSBI members to participate in the provision of solutions in the remittances market
Supporting the provision of end-to-end certainty and quality.
Wincanton in Germany
Read MoreRussian transport market
Read MoreRussian Post’s losses in 2007 might be 3 times as high as anticipated in 2006. The forecast will prove right if the company continues raising the employees’ salary. It refused to mention the exact figure, but said the problem can be solved by either increasing tariffs or asking the government for help.
According to forecasts, Russian Post’s losses will be some 6bln rubles (USD230mln) in 2007, despite the fact their income will grow by about 20% from 58bln rubles (USD2,2bln) to 70bln rubles (USD2,7bln). This was announced by Igor Sirtsov, the company’s General Director during the CeBIT exhibition. He said the company’s losses will grow if it continues increasing employees’ salaries without any compensation from the government for postal services.
Mr. Sirtsov admitted that Russian Post ended 2006 with considerable losses for the company, however refused to mention the figure (the company announced earlier its losses would be some 2bln rubles or USD77mln). In 2005 the company announced 100mln rubles revenues.
The Russian Information Technologies and Communications Ministry has a clear view of the post service development prospective. Deputy Minister Dmitry Milovantsev said the main aim is to improve the service quality, which will help the company to become compatible in the service market, as well as increase the number of customers.
Despite all the problems Russian Post is continuing its development. The company intends to enter foreign markets. And the first on the company’s list is the German market, where Russian Post intends to open an office soon. Igor Sirtsov said they studied thoroughly the experience of their foreign colleagues in tuning the postal traffic.
Read MoreThe general director of the Courier, Expreso y Paqueteria (CEP) division at Correos de Chile, Juan Carlos Veloso states that the projects his firm has in its portfolio include the building of a new plant-depot for around USD10mil this year. The new installations will allow the postal group to double its current handling capacity to 11 million mailings per annum as of 2009 (the site has yet to be decided upon let alone bought). Pudahuel, Quilicura and Huechuraba are possible locations whilst the existing depot in Estacion Central will be evacuated. At present, the CEP division represents 20% of total Correos sales by chalking up year-2006 sales of Pesos11.8bil.
Of all CEP mailings, 36% are retail sector-related.
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