Despite the current volatility of the economic climate, United Parcel Service Inc., the world’s largest package delivery company, will actively expand operations in Japan, according to the head of UPS Asia Pacific Region. Although the domestic economy has been in the doldrums for some 10 years, Kenneth Torok, president of UPS Asia Pacific Region, believes it will rebound.
Read MoreSilicon Graphics Inc, the world leader in high-performance computing, visualization and storage solutions, has selected UPS Supply Chain Solutions as its third-party logistics provider for service parts logistics in Asia and Latin America.
SGI already relies on UPS Supply Chain Solutions for service parts logistics in North America.
Read MoreBusiness Post Group PLC said its unit UK Mail Ltd has been granted by Postcomm, the independent postal industry regulator, a long-term licence to provide postal services for business customers. The licence, which is for a minimum period of seven years, permits UK Mail to undertake collection, sorting and national distribution of business mail, with Royal Mail undertaking the final delivery.
Read MoreFrench post office La Poste has issued a 580m-euro loan which will mature in 20 years. The bond issue was carried out with the help of ABN Amro, Barclays Capital and Natexis Banques Populaires. They will mature on 26 June 2023.
Read MorePostcomm today issued its fourth long term licence to UK Mail Ltd. The licence, for a minimum period of seven years, will enable the company to provide consolidation services for business customers. UK Mail Ltd currently holds an interim postal licence for similar services. This will be revoked by consent.
Read MoreTPG N.V. and China’s State Postal Bureau have signed a memorandum of understanding that covers post, express and logistics services. TNT Co., a unit of TPG, recently severed links with state-run Sinotrans, ending its 15-year Skypak Sinotrans Ltd. joint venture. The global delivery service instead switched to smaller Supermart International Transportation Co. as its local partner.
Read MoreThe delivery of personal mail, long the sole domain of state-owned Vietnam Post and Telecommunications Corporation (VNPT), is to be opened to local and foreign investors. At the same time, industry leaders say the highly-profitable express delivery sector, a service used mainly by businesses, is expected to grow substantially as Vietnam continues to open up-heating up competition in an already fiercely competitive sector.
Currently, VNPT is the only company allowed to deliver personal mail. Privately-owned local company Saigon Postel and state-run Vietel are restricted to delivering business mail. Saigon Postel operates a significant express service but Vietel’s is only small. Foreign-invested firms hold just 20 per cent of the market share on express delivery within Vietnam, according to Phan Dinh Loi, the director of the Tin Thanh Express company, one of Vietnam’s biggest express companies. Most foreign companies focus on international routes.
Read MoreNeopost today announced consolidated sales of EUR192.8m for the first quarter of its 2003 financial year (3 months ending April 30 03). This represents an increase of 14.8% compared to the first quarter of 2002 and of 27.0% excluding currency effects. On a pro forma basis, i.e. including Ascom Hasler and Stielow sales for the whole of Q1 2002 and Q1 2003, sales fell by 10.2%. Excluding currency effects, sales were slightly down 0.7%. Jean-Paul Villot, Neopost’s chairman and chief executive officer, made the following comments: ‘Our acquisitions are continuing to pay off, allowing us to generate sales growth of 27.0% excluding currency effects. On a pro forma basis, sales were stable (down 0.7%), in line with our forecasts. This is a very satisfactory performance for us, given the economic context and the high base for comparison in 2002 caused by the euro conversion programmes. We are especially pleased that, on a constant exchange rate basis, pro forma sales grew in our three main markets of North America, France and the UK in the first quarter.’
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