Year: 2005

Yamato Transport to start int’l delivery service for printed matter

Posted by | Jun 14, 2005 | |

Yamato Transport Co. will start a new service for sending printed matter, such as magazines and catalogues, from Japan to overseas in the same delivery time but at a cheaper rate compared with Japan Post, company officials said Tuesday.

Yamato Transport will offer the new service at 70 locations across the nation from July 1, eventually increasing its availability to about 3,000 places, the officials said.

The company will not handle individual letters addressed to specific persons.

Under the new service, delivery will take four to 14 days, almost the same as that of Japan Post, the public corporation in charge of postal services, the officials said.

Yamato Transport will assign the delivery at overseas destinations to local mail service providers, they said.

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Postkantoren BV and TNT Logistics sign contract

Posted by | Jun 14, 2005 | |

Postkantoren B.V. and TNT Benelux & Multi Country Logistics have signed a new contract. Spearhead of the contract is the consolidation of various product flows at the TNT site in Maarssen, the Netherlands. Postkantoren B.V. is a joint venture between TNT N.V. and ING N.V. The company owns the Bruna chain of stores. Postkantoren has 800 sites in the Netherlands, 500 of which are franchised postal agents and 300 self-owned.
Consumers are offered a wide range of products, from cinema vouchers, moped licences and lottery tickets to fishing permits and bus and tram cards. Postkantoren last year decided to assign these products to three main logistics flows.

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Sale of cigarettes to end in Ceska posta branches this year

Posted by | Jun 14, 2005 | |

Czech postal services operator Ceska posta will stop selling cigarettes in all of its branches at the end of this year, even earlier in branches where the contract allows it, Klara Volna of the IT Ministry responsible for Ceska Posta told CTK yesterday. Ceska posta spokesman Ladislav Vancura would not comment at the present time.

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German mail carrier Deutsche Post says banking unit not for sale

Posted by | Jun 14, 2005 | |

The mail carrier Deutsche Post, which is now in majority private control, said Tuesday its wholly owned banking unit, Postbank, which has the biggest customer base of any German bank, was not for sale.

Amid speculation that banking mergers are afoot, Deutsche Bank had earlier hinted fresh interest in acquiring Postbank, one year after premature publicity aborted a takeover bid.

Investment funds worldwide lined up Monday to buy a 110-million-share tranche of Deutsche Post, which started life as the government ministry of posts and was floated nearly five years ago.

KfW, the federal government bank that sold the stake, said 53.8 per cent of Deutsche Post was in private hands after the transaction, and managers Deutsche Bank, Goldman Sachs and UBS had an option to buy a further 16.5 million shares by July 14.

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KfW says Deutsche Post placement was 110 mln shares at 18.90 eur

Posted by | Jun 14, 2005 | |

Kreditanstalt fuer Wiederaufbau (KfW) said a previously announced placement of Deutsche Post AG stock comprised 110 mln shares at 18.90 eur each.

The value of the placement was 2.079 bln eur, excluding a greenshoe option of up to 15 pct which can be exercised until July 14, the state-owned development bank said in a statement issued overnight.

Dealers had yesterday put the bookbuilding range for the transaction at 18.80-19.20 eur.

The placement increases the free float of Deutsche Post shares to about 53.2 pct from 44 pct.

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UK Mail union gears to oppose sell-off

Posted by | Jun 13, 2005 | |

The largest union for Royal Mail workers yesterday began its annual conference with a promise to fight attempts to privatise the national postal operator and threatened to break links with Labour if the government sold any of its stake.
The Communication Workers Union, which represents 160,000 of Royal Mail’s 200,000 staff, is concerned about plans for a John Lewis-style partial privatisation of Royal Mail, which is being touted by the operator’s management.
It supported Labour in the general election after winning a manifesto commitment to keep Royal Mail “publicly owned”, but now fears it has been betrayed by senior ministers. Billy Hayes, CWU general secretary, said: “We will fight any attempt to sell off or screw up Royal Mail. The CWU values our link to the Labour party . . . but I have no illusions about how that link will crumble if the government breaks its promise.”

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German Deutsche Post threatens higher postage prices

Posted by | Jun 13, 2005 | |

Deutsche Post, the German national postal services provider, has said that taking away its VAT privilege on letters will lead to higher postage prices. Alois Rhiel and Walter Hirche, the financial ministers for the federal states of Hessen and Lower Saxony, have announced that they would like to see the sales tax exemption of Deutsche Post cancelled as quickly as possible. Deutsche Post is set to lose its monopoly in 2007.

The postal service provider has responded by saying this would mean higher prices for customers, particularly private customers, who are not eligible to claim sales tax back. Mr Rhiel said that there was no reason why Deutsche Post should be awarded privileges over its tax-paying rivals. He also doubted that Deutsche Post could raise postage prices in the long term as that would send more customers to the new postal companies. The finance ministry in Hessen believes the sales tax exemption gives Deutsche Post an advantage of between 300m euros and 400m euros per year.

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Poczta Polska may sue supreme board of inspection

Posted by | Jun 13, 2005 | |

Poczta Polska (PP), the national postal service, has filed a complaint with the Sejm speaker concerning the contents of the Supreme Board of Inspection (NIK) report on PP’s capital group activities. PP Deputy Director General Mieczyslaw Chabowski says that in many instances the NIK formed its allegations based on false information. One of the most important allegations against the PP was that it participated in the companies belonging to the capital group in a way that undermines cost rationalisation and economic effectiveness. It was supposed to result in losses of ZL55.7m during the period under inspection. PP says that the ZL53m spent during the period in question was spent on setting up an insurance company, and increasing Bank Pocztowy’s capital. Furthermore, despite ZL1.4m losses in 2002, the group recorded ZL8.8m profits in 2003 and ZL39.8m in 2004. PP’s lawyers are evaluating the evidence.

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