Year: 2003

Deutsche Post sales and earnings damaged by sluggish economy

Posted by | Jul 31, 2003 | |

Mail and package delivery company Deutsche Post announced a sharp rise in second quarter earnings over 2002 when the company was hit with a massive fine from the European Union.

The company announced a net profit of 150 million (US$172 million) between April and June, compared to net loss last year of 257 million for that period. But in 2002, the company was hit with a 906 million fine from the European Union for misusing German government subsidies that skewed comparison.

Deutsche Post said its earnings were actually lower than expected, damaged by the sluggish global economy. It reported that second quarter sales for this year fell to 9.422 billion (US$10.8 billion) from 9.648 billion last year.

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Deutsche Post to press ahead with U.S plans

Posted by | Jul 30, 2003 | |

Deutsche Post, the German postal and logistics provider, on Wednesday pledged to prevent its US competitors from derailing its expansion plans in the US package delivery market, after lifting its full-year profit forecast on the back of a solid first-half.

Klaus Zumwinkel, the chief executive who has pushed through an ambitious 1.4bn ($1.6bn) savings plan aimed at nearly doubling group profits by 2005, said first-half business was “strong despite the continued economic weakness”.

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Japan's Sagawa Express to take part in Chinese delivery venture

Posted by | Jul 30, 2003 | |

Major Japanese parcel delivery company Sagawa Express Co. said Wednesday it has set up China’s first nationwide distribution firm with local partner China Poly Group Corp.

Poly-Sagawa Logistics Co. Ltd., a 50-50 joint venture, was established up in Shenzhen in June with 10.8 million dollars in capital and aims to start operations in September, having already received government approval, the companies said in a statement.

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Pledge to privatize Japan Postal services

Posted by | Jul 30, 2003 | |

Prime Minister Junichiro Koizumi of Japan promised Tuesday to privatize a public corporation running the nation’s postal service. Koizumi told a press conference that the privatization of public corporations in charge of postal services and highway operations will be the focal of a presidential poll within the ruling Liberal Democratic Party slated for Sept. 20.

Privatization of the postal service could open the door for international express companies such as FedEx, United Parcel Service, DHL and TNT to expand their operations in Japan.

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Cutbacks pledge urged over Irish Postal Service

Posted by | Jul 30, 2003 | |

The Irish Labour parliamentary opposition party tonight called for government assurances that a record loss for the state-backed An Post postal company would not “be used as an excuse for cutting rural postal services or for threatening the public’s right to send and receive mail through the post”.

Frontbench spokesman Tommy Broughan said: “Today’s announcement comes against the background of a deteriorating postal service and with further cutbacks threatened.

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The top 10 airfreight exporters in France

Posted by | Jul 29, 2003 | |

The national association of airfreight agents in France (Snagfa) has published a list of the industry leaders based on the export turnover figures from 2002. Compared to the previous year, there were few changes in the rankings. As TFA, Transcap, Scac and GEI SDV all now operate under the SDV umbrella, the latter was therefore able to dislodge Panalpina from first place, pushing it down to second. Danzas-AEI (now trading as DHL) followed in third place. Schenker ousted Saga Air from fourth place, which fell back to No.5. Places six to ten were taken by:
Kuehne & Nagel, Geodis Overseas, Gefco, Aerofret and Menlo-Emery Air Freight in that order.
The French airfreight industry is undergoing a phase of consolidation. In 2001, the five major airfreight agencies generated only 35% of total turnover in this sector, by 2002, this figure was already up to nearly 44% and the upwards trend is continuing.
The market leader SDV dispatched approximately 200,000 t of airfreight in 2002. Around 38% of its EUR 1.8 billion revenue stemmed from airfreight business. In the pan-European rankings, SDV occupies fifth place.

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Repackaging the U.S. Postal Service

Posted by | Jul 29, 2003 | |

A presidential commission is examining broad-based reforms to the 736,000-person U.S. Postal Service. Among the proposals: letting the USPS slash prices in the summer, when mail volume drops, and offering discounts to merchants who pick up parcels at the post office rather than wait for delivery.

Proponents of the reform hope it will stabilize the troubled USPS, which lost $676 million in 2002 and amassed $11 billion in debt to the U.S. Treasury.

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Botswana postal workers threaten strike action

Posted by | Jul 29, 2003 | |

The Botswana Postal Workers Union (BPSWU), has threatened to strike if the management does not heed their demands for salary increase.

Speaking at the BPSWU 35th annual congress held in Palapye at the weekend, BPSWU chairperson Aaron Lefu expressed disappointment at the way the management handled their long running 25 percent salary increase demand. “We have lodged the issue of salaries increase with the management and the board and we have received cold responses,” Lefu said.

The union unanimously agreed that management should be given the last chance to respond to their plea. If they fail to do so, they might embark on industrial action.

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