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Post Denmark records 2006 before tax profit of DKK 1,187 million

Posted by | Mar 14, 2007 | |

In 2006, Post Danmark recorded a profit before tax of DKK 1,187 million. This is an improvement of DKK 154 million compared with 2005. The profit after tax was DKK 892 million against DKK 738 million the year before.

This is the best result ever achieved by Post Danmark. Helge Israelsen, CEO of Post Denmark, stated that their involvement in the Belgian De Post – La Poste was a major reason for the improvement.

In 2006, Post Danmark’s income totalled DKK 11,718 million against DKK 11,462 million in 2005. The volume of letters continued to drop in 2006, while revenue from letters was at the prior-year level thanks to the price increases at the beginning of the year. Revenue rose for parcels, magazine mail, newspapers, magazines and periodicals as well as unaddressed mail.

As part of its continued development, the company most recently acquired 51 per cent of the shares in Transportgruppen A/S. The deal was made at the beginning of 2007.

As a result of the continued decline in the volume of letters, Post Danmark expects profit before tax for the full year of 2007 overall to be somewhat lower than in 2006.

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Postal Regulatory Commission chairman seeks mailer feedback

Posted by | Mar 14, 2007 | |

The chairman of the Postal Regulatory Commission is asking mailers for their input as it begins developing and implementing a modern system of rate regulation now that the postal reform bill has been signed into law.
Dan G. Blair, the new PRC chairman, said the PRC issued an Advance Notice of Proposed Rulemaking in late February asking for written comments by April 6 and responses to those opinions by May 6. The comments are supposed to be published on the PRC’s Web site at www.prc.gov. However, Mr. Blair said that the PRC has not yet received any feedback.
“I hope our conversation today will generate innovative thinking on a system of rate regulation that will best serve the needs of the postal service, the mailing community and the entire nation,” he told delegates at a U.S. Postal Service/PRC summit called “Meeting Customer Needs in a Changing Regulatory Environment.”
Later this summer the USPS will consult the PRC to develop and establish new service standards for all classes of mail, Mr. Blair said. In preparation, the agency has invited the PRC to observe Mailer Technical Advisory Committee meetings at which customer service requirements are being explored.

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TNT completes acquisition of Hoau

Posted by | Mar 14, 2007 | |

TNT announced today the completion of the acquisition of Hoau, the leading freight and parcels delivery company in China. Last week the government of the People’s Republic of China approved the transaction. Parties agreed not to disclose any further financial information.
Established in 1995, Hoau’s network includes 1,100 depots, 3,000 vehicles and 56 hubs in China covering all major and second-tier cities. Hoau currently has 12,000 employees.
TNT in China, established in 1988, has 25 wholly-owned operating branches and operationally covers more than 500 cities in Mainland China. TNT currently employs over 2,200 skilled professionals across its network and operates 3 fully-functioning international gateways in mainland China which includes Beijing, Shanghai, and Guangzhou.

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DM volumes drop by 2.1% in 2006

Posted by | Mar 14, 2007 | |

Volumes in direct mail are continuing to fall with just over 5bn items sent in 2006, a dip of 2.1%.

Figures from Royal Mail published this week also showed that expenditure dropped by 2.1% to £2.32bn and consumer DM volumes fell by 1.6% to just below 4bn items. Business DM fell 3.6% to just over 1bn.

But over the last quarter of 2006 charities, government and health sectors and building societies boosted their volumes of DM. Charities boosted their use of DM by 9.1% to 132.2m items while the government sent out 17.4m mailings, up by 6%.

Royal Mail market development manager Emily Travis said: “The charity sector has long recognised the benefits of direct mail and these figures reinforce its importance to them as a marketing tool.”

Overall volumes in the fourth sector of 2006 were at 958.6m compared to 1bn in the same period last year.

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United Parcel Service "market perform"

Posted by | Mar 14, 2007 | |

Analysts at Morgan Keegan reiterate their “market perform” rating on United Parcel Service Inc.

In a research note published this morning, the analysts mention that although the company has a few longer-term growth opportunities, there seems to be a lack of potential catalysts for multiple expansion and substantial earnings growth in the near term. United Parcel Service’s recent acquisitions have boosted the company’s presence in key areas such as the United Kingdom and Poland, the analysts say. The company expects the transition towards online purchases to favour the small package business beyond 2007.

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DHL’s new 'break-bulk-express' service means faster, more convenient shipping across U.S.-Mexican border

Posted by | Mar 13, 2007 | |

DHL introduced “Break Bulk Express” (BBX) service to customers shipping multiple packages in one day from Mexico to the U.S. BBX consolidates customers’ multiple express shipments into single large bundles that substantially reduce customs clearances, delivery times, tracking and related costs.

DHL’s Northbound BBX is a key capability in the company’s recently-announced North America Trade Lane initiative, a five-year, USD100-million investment and build-out of infrastructure and service in North America. With the introduction of Northbound Break Bulk Express, DHL customers shipping into the U.S. from Mexico can combine individual packages into one large shipment to speed and simplify customs clearance. DHL then “breaks” the bundled shipment back into its individual package components and delivers each to its separate destination.

According to the U.S. Bureau of Transportation Statistics, the market for BBX-type services in North America is currently about USD375 million a year, with air shipments representing approximately 30 percent of the total. Northbound shipments from Mexico include, in rank order, automotive parts, high-tech products, consumer electronic goods, and agricultural goods such as flowers, fruits and vegetables.

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GeoPost raises stake in Seur to 19.6%

Posted by | Mar 13, 2007 | |

La Poste’s international express subsidiary GeoPost has raised its stake in Spain’s Seur group through their joint venture, Seur-GeoPost, buying Seur’s Santander franchise.

The acquisition of Seur Santander, which turned over EUR 7 million last year and employs 83 staff, is the seventh franchise bought by Seur-GeoPost, the company 60% owned by GeoPost. According to Seur, quoted in the El País newspaper, the joint venture’s purchase of the Santander operation consolidated the alliance between the two groups and represented a reinforcement of the development of Seur in the Cantabrian region of Spain.

Seur, with turnover of EUR 574 million in 2005, is one of the leading express companies in Spain, where the market is growing at about 8% a year and is currently worth some EUR 6.6 billion in revenues.

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UK High Court rejects Royal Mail's appeal against Postcomm

Posted by | Mar 13, 2007 | |

The High Court has upheld the GBP 9.62 million financial penalty Postcomm levied on Royal Mail for failing to protect adequately the mail in its care, following an appeal of the penalty by Royal Mail. The judgment reinforces Postcomm’s position that the fine is proportionate and reflective of the loss suffered by customers.
Royal Mail did not dispute Postcomm’s finding that it breached its licence requirements to keep mail safe and secure, nor that this breach was serious; it appealed only against the level of the financial penalty.
On 24 August 2006, Postcomm imposed a financial penalty of GBP 9.62 million on Royal Mail for breaching its licence by failing to properly protect the mail in its care. The penalty followed a review of Royal Mail’s mail integrity procedures, during which Postcomm found that some important features of Royal Mail’s procedures were not being applied across the business.
The most significant weakness found was the poor management of the recruitment and training process for non-contract (agency) staff. In addition, the framework and information systems that Royal Mail had put in place to prevent the loss, theft or damage of mail were not operating effectively. These weaknesses significantly reduced the company’s ability to protect customers’ mail.

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