Vittorio Mincato, chairman of the state-owned post office company Poste Italiane SpA, said the management is working to ensure the group’s privatisation next year. Speaking on the sidelines of a conference, Mincato said that the economy minister Domenico Siniscalco is expected to give indications regarding the company’s privatisation in the 2006 budget.
Read MoreThe leading independent provider of early morning, next day mail services. DX delivers over one million items each day and operates a UK-wide, end-to-end
network including collection, sortation and final mile delivery. The directors expect turnover in the year to 30 June 2005 to have been similar to last year (GBP131.9m in 2004). Operating profit before amortisation of goodwill and exceptional demerger costs is also expected to have been similar to last year (GBP32.7m in 2004), except for the effect of the additional costs of being an independent and listed company of up to GBP2m. Net debt is estimated at GBP60m at 30 June 2005. This is significantly less than market expectations and results in a lower than expected interest charge for the year.
Poczta Polska (PP) national postal service forecasts that the earliest possible time for its debut on the Warsaw Stock Exchange is 2007, announced PP Director General Tadeusz Bartkowiak. Before it goes public, PP will need to undergo commercialisation. Bartkowiak believes that changing the legal status to a joint stock company will be possible in 2006. In his opinion, commercialisation will broaden the company’s access to sources of financing. PP is currently carrying out an amended development strategy adopted in 2004. It wants to differentiate its revenues, increasing the number of financial services and products, as well as express and courier parcels.
Read MoreUPS today unveiled a technology enhancement that automatically notifies customers of every package in the UPS system moving toward them, providing a new tool to better manage the demands of business. The software technology opening a new “window” into the UPS system is called UPS Quantum View Inbound and represents the most recent addition to the UPS Quantum View suite of visibility services. Quantum View Inbound provides proactive notification of UPS air express, ground and international packages that are en route to the receiver’s location.
Read MoreOne of the world’s largest package delivery companies will stop delivering cigarettes to individual consumers nationwide under an agreement with New York Attorney General Eliot Spitzer. Spitzer said DHL is the first major shipping company to agree to the ban and negotiations continue with other companies and the U.S. Postal Service. The agreement follows a March deal in which major credit card companies began refusing to participate in Internet sale of cigarettes nationwide. The agreement with Spitzer and the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives is aimed at ending a common method for youths to obtain cigarettes, which can’t legally be sold to people under 18 years old. In Tuesday’s agreement, DHL cuts off another route for the Internet cigarette sales, a growing business, Spitzer said.
Read MoreA set of bills to privatize Japan Post passed the House of Representatives ad hoc committee Monday on the strength of the ruling bloc, clearing the way for a vote at a lower house plenary session Tuesday. The six privatization bills and four bills to amend them cleared the Special Committee on Postal Privatization as the ruling Liberal Democratic Party and its coalition partner, the New Komeito party, supported it against opposition from the opposition camp. The ruling parties now aim to pass the bills through the full lower house on Tuesday before Prime Minister Junichiro Koizumi leaves for the summit of the Group of Eight nations to be held Wednesday through Friday in Scotland. Koizumi aims to pass the bills during the current Diet session through Aug. 13.
Read MoreSoft drinks manufacturer Vrumona based in Bunnik, the Netherlands, has chosen for a partnership with TNT Benelux & Multi Country Logistics. Vrumona has engaged the TNT Logistics site at Maarssen to handle its point of sale materials (POS) for the coming years. Implementation of the Vrumona account began on 4 April 2005.
Read MoreSNCF is poised to announce that it is relinquishing control of loss-making parcel delivery arm Sernam through a managment buy-out. The French state rail operator had invited offers for the company, through a European tender issued last autumn. However, of the 20 to 30 firms that made initial enquiries, none confirmed an interest in acquiring the company, which made a loss of EUR40m in 2003.
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