Year: 2004

CEO stands down as Target hits new highs

Paul Murray is standing down as CEO of express delivery company Target after exactly seven years in the role. Chief operating officer Petar Cvetkovic, appointed two-anda-half years ago, will replace him but Murray will stay with the business full-time for a fourmonth handover period. He will continue long-term two days a week as a non-executive director, helping to shape the future strategy of “a company I have so much affection for”.

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Steps taken to resolve An Post crisis

Communications Minister Noel Dempsey stepped in last night to try to resolve the growing crisis at An Post. Only days after more than 4,000 postal sorters rejected a proposed 5.35pc pay deal in return for cuts in jobs and overtime, the minister met with management and the Communications Workers Union in Dublin. In a pre-Christmas plea, Mr Dempsey urged both sides to work in partnership to overcome their current difficulties and “plan for the future of the company”

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DHL in 50/50 jv with New Zealand’s NZ Post

Deutsche Post World Net AG’s express mail courier DHL said it has agreed to launch a 50/50 joint venture with New Zealand’s NZ Post.

German newspaper Die Welt reported at the end of November that the two groups were close to agreeing a joint venture.

The company gave little detail about the operations of the new venture but did suggest it will compete in the New Zealand-Australian express mail market by giving a figure for the sales potential of this market of about 185 mln aud per year.

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Chairman plans shake up of French postal system

Jean-Paul Bailly, chairman of La Poste, intends to overhaul the country’s postal system to bring it up to par with the needs of 21st-century France. Mr Bailly plans to bring more work to underused branches, including the assumption of some local-government functions or sale of tennis-court reservations or train tickets. Through the reforms, the La Poste chairman is seeking to upgrade mail service, create ties with small businesses and boost revenue from financial services.

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NZ Post and DHL join forces for new international service

New Zealand Post and the international freight firm DHL have formed a joint venture which they say will offer far better service to burgeoning markets such as South East Asia, China, Japan and India. The 50/50 joint venture is for the express and logistics business of New Zealand Post’s Express Couriers Ltd, which includes the brands CourierPost, Pace!, Skyroad and Contract Logistics, and road and air line haul operations. New Zealand Post Chief Executive, John Allen said working with DHL would allow them to offer a more comprehensive service to New Zealand businesses in the local and international markets. He said the new operation could offer a service which was uniquely attractive to New Zealand businesses.

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Poczta Polska to Go Public in 2006

Poczta Polska, (PP) Polish Post Office will go public in 2006. “Making the company public will be highly profitable, however, it will not happen next year. We’re thinking it might happen in 2006,” said PP director general, Tadeusz Bartkowiak on Thursday. He added that the work to transform the firm into a joint stock company was in progress.

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Interview with Massimo Sarmi, MD of Poste Italiane

According to Massimo Sarmi, managing director of Poste Italiane, the Italian national postal services group is ahead of its two main European competitors, the Dutch and German post offices, in terms of operating profit this year. Mr Sarmi also said that the group’s operating profit for the full-year 2004 would be positive, based on its results to the end of September. While Mr Sarmi said that the group was ready for a stock market listing, he added that it was up to the government to decide if and when the operation would take place.

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Norway Post ready for competition

At a cabinet meeting today the Government presented its proposal for full competition in the Norwegian postal market from 1 January 2007. The remaining part of the postal monopoly covers sealed, addressed letters under 100 grams. From and including next year, less than 20 per cent of Norway Post’s revenues will come from this activity. “We welcome competition. Increased competition will stimulate efficiency and innovation, which in turn will benefit our customers. We look forward to participating in the future postal market on an equal footing with a number of other players,” says Norway Post’s chief executive Kaare Frydenberg.

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