Year: 2005

TNT Latvia 2004 sales grow 16pct to Eur 2.2 mln

Posted by | Jun 6, 2005 | |

TNT Latvia courier services company turnover in 2004 increased 16 percent to 1.571 million lats (EUR 2.235 mln) but its profit shrank nearly 2.6 times to 63,000 lats, according to the company’s annual report. TNT Latvia head Martins Gerkens said that the profit reduction was due to the fact that towards the end of 2004 the company started using own airplane for mail deliveries which involved great costs. In addition, costs had increased also in relation to Latvia’s EU accession and annual investments in development of the company. Last year TNT Latvia made 82,213 deliveries at a 34 percent rise from 2003, and investments totalled 140,000 euros.

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GeoPost sets sights on a global service

Posted by | Jun 6, 2005 | |

GeoPost, the pan-European parcel service owned by La Poste, plans to go global with an intercontinental deferred product in 2006. Claude Béglé, CEO of GeoPost International, told Transport Logistik the company would seek a partnership approach in mature markets such as the US. But elsewhere, it was prepared to invest. “South America is under-invested by integrators, ” Béglé said. “We are already having concrete discussions in Brazil, and talks in Argentina and Chile.” China, India and South Africa were among other countries earmarked by GeoPost.

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Member invests as TPN grows

Posted by | Jun 6, 2005 | |

Hull haulier Newland Express Transport has bought a double-deck trailer following a 20% growth in its pallet business.
A founder member of The Pallet Network (TPN) in 2000, Newland is now transporting 500-plus pallets a week to the TPN hub in Rugby. Major clients include British Aerospace and Smith & Nephew.

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World Bank and ‘La Poste’ team up to reach socially responsible French investors

Posted by | Jun 6, 2005 | |

The World Bank and La Poste, the French postal system, have teamed up to offer a new investment product for French retail investors. For the first time starting today, individual investors will be able to purchase a La Poste financial product called ‘Toniciel Banque Mondiale,’ making it easier for individuals to help fund, and have direct information on, the World Bank’s programs in developing countries. From June 6 to July 20, 2005, La Poste clients will be able to invest a minimum of EUR500 in the La Poste 5-year term deposit, ‘Toniciel Banque Mondiale.’ The funds invested in this product will be used by La Poste to purchase a bond issued by the International Bank for Reconstruction and Development (IBRD), the main lending arm of the World Bank.

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Royal Mail and Postcomm embroiled in bitter fight over the future of a postal giant

Posted by | Jun 5, 2005 | |

The smouldering cold war between the Royal Mail and Postcomm, the postal industry regulator, went nuclear last week when the watchdog published a radical plan for the future of the business.

The proposals, launched by Nigel Stapleton, the chairman of Postcomm, will impose strict limits on future price increases for stamps for the four years to 2010 and tougher penalties for delivery targets which could cost Royal Mail pounds 280m in refunds.

The plan led to a furious response from Allan Leighton, the Royal Mail chairman, who described it as a “kick in the teeth”, for his staff who have worked hard to turn the business around from making a loss of pounds 1m a day three years ago to a profit in 2004 of pounds 537m. He also warned the measures would push the company into a “spiral of decline” and damage its ability to compete once the mail market is opened up to full competition early next year.

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Inquiry will back investment claim, says UK Royal Mail chief

Posted by | Jun 5, 2005 | |

Trade and Industry Secretary Alan Johnson is expected to start the Government review into the future of Royal Mail within the next three weeks. Royal Mail has been urging an early start to the review because it believes it will strengthen its case for more cash support from the Government. Chairman Allan Leighton, who is masterminding the privatisation, has said the review will recognise the need for Pounds 2.5 billion of investment.

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UK Royal Mail ‘faces a GBP2bn black hole’ if regulator caps prices

Posted by | Jun 5, 2005 | |

Royal Mail faces a funding shortfall of GBP2bn over the next five years if Postcomm, the postal regulator, succeeds in implementing its plans to curb price increases.

Senior Royal Mail executives have told The Sunday Telegraph that Postcomm’s review will leave it unable to invest in new technology and compete effectively with new entrants to the letters market.

The huge funding shortfall will arise because Postcomm wants to impose strict limits on future increases in stamp prices. Royal Mail has demanded that it should be allowed to increase the price of first class stamps from 30p to 48p by 2010. Postcomm wants to cap the increase at 34p.

“We are trying to reconstruct this business so it is a modern mail service that is profitable, and if it is profitable it can afford to invest back into itself,” said Allan Leighton, the chairman of Royal Mail. “We need to put another pounds 2bn into the business to move it on.”

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Slovak postal liberalisation from 2007

Posted by | Jun 5, 2005 | |

Postal services in Slovakia should be liberalised two years sooner than previously planned.

Alternative postal operators could be offering a full range of postal services from 2007.

The Slovak cabinet recently approved a postal service analysis that recommended Slovak Post lose its exclusive right to deliver all types of consignments in two years time.

The new timetable for gradual liberalization suggests that from the end of 2006 Slovak Posts exclusive right of delivery will be reduced.

Alternative delivery firms would not be allowed to handle consignments weighing less than 50 grammes at a price less than 2.

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