Year: 2005

UPS earnings climb 22% on global volume growth

Posted by | Jul 21, 2005 | |

UPS today reported a robust 22.2% gain in diluted earnings per share for the second quarter of 2005, driven by double-digit export volume gains in every international region and an increase of 387,000 packages per day in the United States. For the three months ended June 30 net income totaled USD986 million compared to the USD818 million reported for the period in 2004. Revenue of USD10.19 billion increased 14.9% from the USD8.87 billion reported last year, reflecting, in part, the acquisition of Menlo Worldwide Forwarding late last year. Consolidated average daily worldwide volume for the second quarter rose by 557,000 packages, or 4.1%, to 14.1 million. Worldwide average revenue per piece showed a strong 4.7% increase. “UPS is a company that’s on the move,” said Mike Eskew, UPS chairman and CEO. “Our U.S. domestic volume climbed well above our expectations. And the international segment’s performance was outstanding with export volume growth exceeding 18%.” Consolidated operating profit rose 18.2% to USD1.55 billion compared to USD1.31 billion for the prior-year period.

Read More

Why can’t UK Royal Mail see the gold in D2D?

Posted by | Jul 21, 2005 | |

To casual observers there is a little bit of the Wild West about the UK door drop marketing sector. Its volumes are expanding, the market is (as yet) unregulated and the full potential of the sector is not fully tapped. As the last truly unfragmented media channel available to marketers, it seems there’s gold left in them there hills. Experts say the UK market, compared with its European cousins, is nowhere near saturation in terms of the number of items delivered per household. So are the key door drop distributors, Royal Mail and free newspapers, making hay while the sun shines? Not Royal Mail, if media buyers and door drop brokers are to be believed. Royal Mail’s self-imposed restrictions on its D2D service – long booking lead times, a solitary delivery per day and a limit on the number of items postmen will carry – are a particular bugbear of D2D brokers and their clients. Though free newspapers are a very viable alternative, speakers at last month’s DMA D2D conference chose to voice their frustration at Royal Mail.

Read More

UK Amtrak’s GBP2.5m deal

Posted by | Jul 20, 2005 | |

Bristol delivery company Amtrak Express Parcels has won a GBP25 million contract from Warmley firm Kleeneze. The deal means that for the next five years Amtrak will deliver goods to Kleeneze customers the day after they are ordered. Amtrak believes the contract is the biggest next-day home delivery contract ever placed. The contract will see Amtrak deliver 9,000 parcels a night after collection from Kleeneze’s Bristol distribution centre.

Read More

Greek govt plans stake sell-offs

Posted by | Jul 19, 2005 | |

Minister of Finance Giorgos Alogoskoufis said the government is planning to sell stakes in Agricultural Bank, Hellenic Telecommunications and Emporiki Bank, following the recent successful placement in lottery operator OPAP. The privatization of Postal Savings Banks will be delayed and is now expected to take place in the first half of 2006. It could involve a 25-30 pct stake, Alogoskoufis said.

Read More

Couriers urge China Post to relax rules

Posted by | Jul 19, 2005 | |

The Conference of Asia Pacific Express Carriers, or CAPEC, an interest group representing the world’s top express courier firms in Asia, has asked China’s State Post Bureau (China Post) to further lower restrictions and interference in the mainland’s express mail service sector as the regulator is finalizing the amended rules. CAPEC, which represents DHL, FedEx Corp, United Parcel Service and TNT Express, has sent a statement urging China Post to set up a regulatory board separated from its business service department, reduce administrative interference in the industry and increase transparency. “As China is gradually opening its logistics and express market to foreign investors, no major foreign companies want to miss the opportunity to tap the emerging market,” an industry source said.

Read More

Deutsche Post may demand repayment of discounts if court approves

Posted by | Jul 19, 2005 | |

Deutsche Post World Net AG said the German Federal Cartel Office has agreed to recognize the logistics giant’s right to demand repayment of enforced discounts if a Duesseldorf appellate court rules in favour of the company. Another option is that the EU Commission or a European Court nullifies the previous Cartel Office decision, the company said. The Cartel Office in February ruled that Deutsche Post is obligated to extend the same quantity discounts to its competitors that it offers to customers. Deutsche Post did implement the discounts, but took the matter to court claiming the ruling is an illegal encroachment on the company’s monopoly and is currently awaiting a ruling.

Read More

French postal bank project delayed

Posted by | Jul 19, 2005 | |

The French post office, La Poste, now intends to apply before the end of the month to the French regulator of credit establishments and investment firms, CECEI, for permission to operate a postal bank. Initially, the application was to have been made by the middle of the month. On the other hand, La Poste has speeded up the process by deciding that it is not legally obliged to wait until the relevant decree appears in the French government gazette, ‘Journal Officiel’, before seeking the CECEI’s approval.

Read More

India Department of Posts launches `Direct Post’

Posted by | Jul 19, 2005 | |

With competition catching up fast, India Post is changing with the times! Coming on top of several new initiatives to provide value additions to its customers, the Department of Posts on Monday launched “Direct Post”. The “Direct Post” service enables a customer to distribute publicity material for marketing a product to a large number of households in a particular area through the post office. The Department of Posts will charge Rs. 1. 50 for each A4 size material, a senior department official told The Hindu.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest