Correos, the Spanish post office, is facing a barrage of fines and investigations over alleged unfair competition. On Tuesday, the state postal operator was fined 5.4m euros by the Spanish competition court for having allegedly blocked the entry of the operators Suresa and Mail House into the postal network by imposing unfair conditions on them.
Read MoreMersey Docks – Pre-interim results trading update
Read MoreThe French post office (La Poste) has broadened its consultation of French regional and local authorities concerning new ways of providing rural areas with postal services. The proposed innovations include post offices shared by one or more communes and mini-post offices in corner shops.
Read MorePoczta Polska national post and Prokom IT company, owners of Bank Pocztowy bank, will increase the company’s initial capital by ZL13m. In October last year, Andrzej Szukalski, head of the bank, told Rzeczpospolita daily that the bank would be capitalised with ZL80-100 and then restructured. The owners’ strategy has now changed and Bank Pocztowy will no longer sell financial products. A change in postal regulations will allow Poczta Polska to distribute financial products itself and the bank will focus on creating these products.
Read MoreThe French government is reportedly preparing to authorise La Poste, the national postal services group, to sell consumer credit as part of agreements with one or several banking groups. The move would allow the public group to face more effectively the deregulation of the courier sector in 2006.
Read MoreRussian-French joint venture EMS Garantpost, a Russian express mail service, increased net profit 29% year-on-year in the 2002 financial year (from June 1 2002 to May 31 2003) to 71 million rubles.
EMS Garantpost turnover amounted to about $20 million, up 42%. The volume of received and transported freight increased 13.3%.
Read MoreDHL’s Moscow-based executives say Deutsche Post World Net’s plans to bring its different courier-delivery and logistics companies together under the DHL brand name will bode well for their clients in the C.I.S. and Baltic states.
The announcement was made last week in Moscow during the official presentation of the rebranding program.
Read MoreThe Italian unit of DHL Worldwide Express, forecasts a 1.3 billion euro (USD 1.5 bln) turnover for 2005, up 25 pct compared to expected 2004 turnover.
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