Year: 2005

Eichel says German gov may sell Telekom and Post shares to plug budget hole

Posted by | Jun 26, 2005 | |

Germany’s finance minister Hans Eichel said the government may sell its remaining shares in Deutsche Post AG and Deutsche Telekom AG to help reduce its budget deficit, according to an interview in the Welt am Sonntag newspaper. Asked how he could plug the country’s budget hole, Eichel said: ‘Without pinning myself down, we could sell our stakes in (Deutsche) Telekom and (Deutsche) Post. Of course we will take into consideration share-price developments, that is why we would again park the shares with the (state-owned) KfW bank,’ he told the newspaper. Eichel added ‘we could also sell our stakes in airports which we have not yet sold’.

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UK Royal Mail’s Leighton’s big day

Posted by | Jun 26, 2005 | |

The Department of Trade and Industry is expected to give its verdict this week on a report by the Royal Mail into its finances over the next five years. The dossier was with the DTI before the General Election and will set the scene for the Government’s own review of the future of the Post Office. The DTI is likely to give its seal of approval to the document’s findings.

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DHL eyes 80 percent UK coverage in next 12 months

Posted by | Jun 24, 2005 | |

DHL Global Mail is expanding its national business-to-business network to bolster plans to cover 80 per cent of the UK by June next year.

The company is opening a mail hub in Birmingham, just a few weeks after setting up a northern division in Warrington, Cheshire.

The Warrington arm represented DHL’s first opening since the acquisition of business mail specialist Smartmail International last year. DHL also plans to open a distribution centre in Sheffield in August, and increase its London coverage in the autumn.

During the first half of 2006, it will open centres in Scotland, Northampton and Watford, claiming it will create a nationwide, end-to- end network. Tony Allsop, head of Smartmail Citispeed services at DHL, explains: “We’ve made a significant investment in our network, as we believe Birmingham is a key strategic location in our bid to build a significant postal network.

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FedEx warns of earnings drop

Posted by | Jun 24, 2005 | |

FedEx warned yesterday that first-quarter earnings would be affected by high fuel prices and intense competition, after increasing net profits by 9 per cent in the fourth quarter. The cautious guidance appeared to signal a slowdown in the package delivery company’s momentum, after several consecutive quarters as the industry’s star performer. Michael Glenn, vice-president of market development, conceded that the industry was becoming more competitive but insisted pricing remained “rational”. United Parcel Service, which had been losing market share to FedEx, has fought back strongly from a weak 2004 and German-owned DHL is expanding in North America. James Valentine, analyst at Morgan Stanley, said FedEx’s comments brought confirmation that FedEx and UPS were “using price more aggressively”. But he dismissed fears that the market was descending into a destructive price war.

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DHL to expand logistics centre

Posted by | Jun 24, 2005 | |

DHL is planning to expand its logistics centre in Staufenberg, Germany, due to a rise in demand. The new multi-function centre is to become operational at the beginning of October. The company is to invest 44m euros in its expansion plans, which will lead to the creation of 300 jobs. The expansion of DHL’s logistics capacities is being carried out in direct response to concrete demands from customers for integrated logistics services.

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China Post weighing far-reaching reforms

Posted by | Jun 24, 2005 | |

An official of the State Postal Bureau of China, disclosed on June 20 that a far-reaching postal reform solution had been submitted to the State Council, the nation’s cabinet, for approval. The SPB – a government agency and a utility which administers the postal industry and manages postal services nationwide – plans to divide the postal industry into four segments: state-controlled postal services, logistics and express services, private document services, and financial services such as insurance and savings. In addition, it is scheduled to guide independent companies to run the last three segments. Guan Rongshun, general manager of China Postal Airlines Ltd., an airfreight and mail company, said in an interview that a consolidation between the logistics and express businesses was in process – China Post Logistics Co., Ltd. (CNPL) and Express Mail Service (EMS) would be merged within the second half of 2005.

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TNT not participating in sales process of Belgian Post

Posted by | Jun 24, 2005 | |

TNT today announces that it is not participating in the sales process launched by the Belgian Government to sell a minority stake in Belgian De Post/La Poste (‘DP/LP’). TNT has stated in the past that, under the right conditions it would be interested in a stake in the DP/LP. TNT has now stopped investigating the possibilities to enter into a partnership. TNT’s European mail expansion strategy focuses on stepping into attractive postal markets, by building up its own networks and by creating alliances with the incumbent postal operators.

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