Year: 2003

TNT India moves into new niches

Posted by | Dec 10, 2003 | |

Express distribution company, TNT India Pvt Ltd – subsidiary of Netherlands based TPG NV – has embarked on a value addition drive. The new focus is on segments including express linked logistics and life sciences logistics. Under express linked logistics, the company is looking at offering services such as repair and return, break bulk solutions and tech courier as a cost effective strategy. The company has started doing projects for a few multi nationals in India.

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German postal shares put up for sale

Posted by | Dec 10, 2003 | |

The German state development bank KfW has said it is selling €2 billion worth of shares in the German postal group Deutsche Post.

Kreditanstalt fuer Wiederaufbau is to sell a combination of shares and convertible bonds in Europe’s largest postal service at between €15.80 and €16.70 each, a statement said.

The sale is designed to widen shareholdings and raise the number of investors, a Post spokesman said.

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United States Postal Service has $3.9bn surplus

Posted by | Dec 10, 2003 | |

The Postal Service reported a $3.9 billion surplus for 2003 despite declining mail volume, and officials renewed their pledge to keep rates steady until 2006.

The agency had suffered losses the previous two years as mail volume dwindled in the wake of the terror attacks, the anthrax scare and the weak economy. That led to a rate increase last year to the current 37 cents for first-class mail.

The post office was $676 million in the red last year and lost $1.7 billion the year before.

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German post office shares put on sale by state development bank

Posted by | Dec 10, 2003 | |

The German public development bank KfW has began selling shares and convertible bonds in Deutsche Post, sending shares in the semi-state post office tumbling.

Kreditanstalt fuer Wiederaufbau bank (KfW), traditionally used by the government as a vehicle for privatisation, said it would raise about €2billion ($2.4 billion) from the sale of the shares and the bond issue.

A trader said the shares represented about 0.5% of Deutsche Post capital. The sale is designed to widen shareholdings and raise the number of investors, a Post spokesman said.

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UK union dismisses threat of pre-Christmas postal strike

Posted by | Dec 10, 2003 | |

The threat of a London postal strike in the run-up to Christmas has diminished after the Communication Workers’ Union said there would be no industrial action.

However, it appeared that talks between the Royal Mail and the CWU on moving towards a single daily postal delivery were encountering delays.

Royal Mail admitted that shift changes and the issue of London weighting remained sticking points.

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US Postal Service reports surplus, rates should stay steady until 2006

Posted by | Dec 10, 2003 | |

The US Postal Service finished 2003 with a USD3.9 billion surplus, which will help keep postal rates where they are until 2006, postal officials said Tuesday. The bottom line was USD300 million better than had been expected for the 2003 fiscal year, which ended in September. Nearly all of the surplus was used to reduce the agency’s outstanding debt. The results will enable the Post Office to “help keep the commitment to hold the current rates stable through 2006,” Postmaster General John Potter told the agency’s board of governors. Chief financial officer Richard Strasser said the results were achieved despite a decline in first-class mail and noted that the Post Office had been able to make significant savings through a reduction in staff and other cost-cutting.

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La Poste & Claritas combine on unaddressed mailings

Posted by | Dec 10, 2003 | |

La Poste and Claritas have reached an agreement enabling La Poste access to Claritas new mailing lists which are updated from surveys sent to magazine subscribers. Claritas mailin lists comprise 1 million addresses and yeield an annual turnover of EUR 22 million. La Poste deliver 8 billion items of unaddressed mail each year and has a market share of 32% covering 25.5 million households.
market share statistics

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