Year: 2003

US mail discount move spurs flurry of inquiries

Posted by | May 21, 2003 | |

The price break that the Postal Rate Commission has recommended for Capital One Financial Corp. could pave the way for other issuers to trim costs on the billions of credit card solicitations they mail every year. The commission recommended May 15 that the Postal Service’s board of governors grant a special volume-based discount for Capital One. The governors are to vote June 2. News of the commission’s action, the first of its kind, spread fast. “We’ve heard from every credit card company we can think of,” said Mike Plunkett, the Postal Service’s manager of pricing strategy.

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Tibbett & Britten contract win

Posted by | May 21, 2003 | |

UK flour miller Rank Hovis has awarded Exel a five-year, £15m ( t21.7m) contract for the warehousing and delivery of bagged flour and distribution of bulk product from 14 locations. Exel has worked with the company for 10 years and now becomes lead logistics manager.

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FedEx Express debuts hybrid electric truck

Posted by | May 20, 2003 | |

FedEx Express on Tuesday introduced a low-emission, hybrid electric-powered delivery vehicle that could become a standard medium-duty delivery truck for the carrier. The new vehicle will decrease particulate emissions by 90 percent, reduce smog-causing emissions by 75 percent and increase fuel efficiency by 50 percent, according to FedEx Express, a subsidiary of FedEx Corp.

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DHL plans more investment in Philippines; optimistic on trade growth

Posted by | May 20, 2003 | |

DHL, the integrated parcel, express and logistics provider, said it plans to invest more in the Philippines after having injected USD30 mln in the last two years to beef up its facilities here. At a news briefing, DHL Express Philippines country manager Charles Brewer said the Philippines and the Asia-Pacific are promising markets.

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Business Post announces its preliminary results for the year ended 31 March 2003

Posted by | May 20, 2003 | |

Business Post, one of the UK’s leading express delivery companies, announces a successful first year’s implementation of the three year plan which was set out in November 2001. Peter Kane, Chairman, stated that “The principal features of the year have been the creation of a new business unit structure; significant levels of investment in the franchise network, training and customer service; and the acquisition of BXT, a specialist technical courier. Despite unhelpful economic conditions, the results of these actions have been gains in market share in each of the sectors in which we operate, and further improvements in turnover, profit and dividends.” Turnover up 18.7% to GBPm 156.3, operating profit up 6.8% to GBPm 15.6 and pre-tax profit up 6.6% to GBPm 16.1

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Japan's post office to cut 17,000 jobs over next two years

Posted by | May 20, 2003 | |

Japan’s recently reorganized post office will cut about 17,000 jobs, or 6 percent of its total work force, over the next two years, an official said Tuesday. Japan Post will reduce its headcount to 263,000 from 280,000 by the end of March 2005 as part of a business plan to be formally announced Wednesday, said spokeswoman Takumi Niwa. Niwa declined to give details ahead of the announcement.

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Japan Post to send 45 staff to foreign firms for training

Posted by | May 20, 2003 | |

Japan Post plans to send 45 employees to internationally acclaimed corporations in the fields of mail, parcel and cargo delivery and financial services during a four-year period starting this fall, Japan Post officials said Tuesday. Japan Post is now asking such firms as FedEx Corp., Merrill Lynch & Co., both of the United States, ING Bank of the Netherlands, and Deutsche Bank and Deutsche Post of Germany to accept trainees from Japan, the officials said.

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Japan Post resumes express mail

Posted by | May 20, 2003 | |

Japan Post on Tuesday resumed its express mail service (EMS) to Nigeria after suspending it on April 25 due to delivery problems, Japan Post officials said. Although exact causes for the delivery problem have yet to be sorted out, Japan Post decided to resume the service as it can now ensure delivery routes between the Nigerian postal authorities and airline firms, the officials said.

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