Year: 2005

The USPS engages Servigistics to transform service parts operations

Posted by | Jun 13, 2005 | |

Award-Winning Service Parts Management Solution Selected to Reduce Inventory, Maintain High Service Levels and Achieve Service Network Visibility for Nation’s Postal Service

Servigistics, the leading provider of service parts management solutions, announced today that The United States Postal Service (“USPS”) will implement the Servigistics solution to manage its nationwide service parts network, as part of the company’s new Enhanced Spare Parts Initiative (“eSPIN Initiative”).

With more than USD350 million in service parts inventory supporting approximately 500 field stocking locations around the country, the USPS is replacing its first-generation service parts planning software with the Servigisitcs Service Parts Management Solution to maintain its high rate of mail processing equipment uptime, critical for the movement of postal mail product, while reducing excess inventory, increasing inventory turns, lowering costs and improving visibility across its service parts network.

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Compensation to be paid for lost or delayed mail in Malta

Posted by | Jun 13, 2005 | |

Maltapost has pledged to speed up the delivery of letters and compensate senders for lost or delayed mail in a series of improvements to its service that could go a long way to resolving the public’s complaints. The revisions the company will undertake are contained in a document on Quality of Service Requirements published by the Malta Communications Authority as required by the Postal Services Act. The document pledges to set right most of the concerns aired in a customer perceptions survey carried out last November, which had indicated general dissatisfaction with the time taken to deliver mail and with Maltapost’s overall performance. A compensation scheme for local ordinary mail will come into force in October.

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German Bank Sells USD2.41B Shares of Post

Posted by | Jun 13, 2005 | |

A German state-owned bank said Monday it sold over 2 billion euros (USD2.41 billion) in Deutsche Post AG stock, cutting the government stake in Europe’s biggest mail service to under 50 percent.

KfW Bank AG sold 110 million shares for 18.90 euros (USD22.89) each to institutional investors, raising a total of 2.079 billion euros (USD2.518 billion), it said in a statement late Monday.

Shares in Deutsche Post had closed down 1.4 percent at 19.12 euros (USD23.16) in Frankfurt.

KfW said the sale cut its holding in Deutsche Post from 48.8 percent to 38.9 percent, and that the proportion of the shares freely traded will rise from 44 percent to 55.3 percent, ending the government’s majority holding. The government still holds a stake of about 7 percent.

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Emirates Post to buy 60% stake in Wall Street Exchange

Posted by | Jun 12, 2005 | |

Emirates Post Corporation, the country’s official postal services provider, has decided to buy a 60 per cent stake in Wall Street Exchange Centre’s operations in the UAE, Hong Kong and Britain. Wall Street, which has nearly 10 branches in the UAE has another 10 in Hong Kong and London together. Gulf News was not able to reach officials of both EPC as well as Wallstreet for confirmation. Sources said a memorandum of understanding (MoU) has already been signed between the two for the deal, the value of which would be above USD10 million (Dh36. 7 million). The deal will be concluded soon, according to sources.

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Bruneu Postal Services revamps its system

Posted by | Jun 12, 2005 | |

A 6.4 million dollar contract was sealed yesterday between the Postal Services Department and Alif Technologies Sdn Bhd on the ‘Automation and Computerised System Counter’ for postal services across the nation.

All 22 of the nation’s post offices will be installed with this new automation counter system, including the postal counter at the Ministry of Communications. “The contract signing would further enhance Brunei’s postal services following its implementation,” said Acting Post Master General Awg Hj Azahari bin Mohd Ali who was speaking during the signing ceremony at the Mail Process Centre in Berakas yesterday.

With the implementation of the system, which underwent two years of evaluation, it would give a boost towards personnel’s spirit and work performances, he added.

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DTI sets up review of UK Royal Mail’s future in the free market

Posted by | Jun 12, 2005 | |

Alan Johnson, the Secretary of state for Trade and Industry, is to appoint a special committee to review Royal Mail’s future. Mr Johnson is considering potential candidates to chair the committee, and an official announcement is expected within a fortnight. The committee would consider the impact of competition, Royal Mail’s plans to improve profitability and the future of the Post Office network, a well-placed source said. The review, promised in the Labour manifesto, is a prelude to the postal market being fully opened to competition in 2006.

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Postwatch chairman Carr turns up heat on UK Royal Mail

Posted by | Jun 10, 2005 | |

Postwatch chairman Peter Carr has waded into the row over Postcomm’s pricing proposals, tongue-lashing Royal Mail for claiming the price- freeze would starve the company of cash. The watchdog maintains that the plans allow a minimum capital expenditure of GBP750m up until 2010. It claims, in fact, that Royal Mail will spend GBP40m less than its budget under the current deal. A Postwatch spokesman says: “Royal Mail is making an issue out of nothing. It is not being starved of investment. Quite the contrary, it has the freedom and the money.”

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TNT/Royal Mail: GLS sale would suit both sides

Posted by | Jun 10, 2005 | |

TNT has expressed interest in acquiring Royal Mail’s European parcel unit GLS Holding, among other global targets, to expand its express delivery network and increase market share. Although Royal Mail has yet to make a comment, a possible sell-off could work well with the group’s plans for semi-privatization.

According to the German magazine WirtschaftsWoche, TNT may be planning a series of acquisitions, one of which could be Royal Mail’s subsidiary General Logistics Systems (GLS), CEO Peter Bakker said in an interview.

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