Italian state-owned postal services company Poste Italiane and local leasing company Banca Italease SpA launched on May 10, 2005, the joint service Leasing BancoPosta. Leasing BancoPosta is intended for small and medium-sized enterprises (SMEs), traders and freelancers. They can apply for a financing of up to 150, 000 euro (USD 192, 795) for real estate and capital goods purchases.
Read MoreThe Board of Directors of UPS today declared a regular quarterly dividend of 33-cents per share on all outstanding Class A and Class B shares. The dividend is payable June 1, 2005, to shareholders of record on May 16, 2005.
Read MoreExcerpt from IFW feature on Germany: The German parcels market is showing slower growth this year due to the countrys weak economy, according to leading operators.
Read MoreWith the aim of two-folding the size of the Brazilian operations in a short-term DHL Express wants to expand the participation of big companies in its client portfolio. The company intends to have 80% of its income with the big companies. The remainder 20% would come from the small and middle sized companies. Presently 40% of the income comes from the big companies and 60% from the small and middle sized. Of the US$20mil to be invested in Brazil this year half is being injected in automation and IT.
Read MoreLeading executive Richard Clayton has taken the reins of TNT in Kuwait.
It marks a return to the Gulf for Clayton who has served as general manager of Kuwait and Bahrain operations before.
Clayton says: ‘The key focus for this year is to further develop our core business here in Kuwait and to expand on the Middle Eastern Road Network we set up last year. This is proving to be a great success and offers considerable opportunity for further expansion.’
Clayton takes up his position in Kuwait at a particularly exciting time for the Dutch-owned integrator in the Middle East. TNT recently announced it is recording year-on-year revenue growth of more than 25 per cent in the region.
Read MoreDeutsche Post AG announced Monday that its first-quarter profit rose by 2 percent, helped by increased air and sea freight revenue, and said it was on track to meet its full-year earnings target. The Bonn-based company earned EUR 455 million (USD589 million), or 41 euro cents (52 US cents) a share, in the January-March quarter up from EUR 446 million, or 40 euro cents a share, in the same period a year ago. Revenue for the quarter was down, however, falling to EUR 10.52 billion (USD 13.62 billion) from EUR 10.57 billion a year ago. The outlook was attributed to better revenue in the company’s mail business and because of operating improvements in the US. The company said it was still working to improve its DHL unit, which is in bitter competition with FedEx Corp. and United Parcel Service Inc. “This year, measures taken to ensure the continuing positive development of DHL’s US express activities are being implemented,” the company said. The unit lost EUR 133 million (USD 172.2 million) in the first quarter, but that was an improvement from the
EUR 147 million loss in the same period last year.
Allan Leighton, Royal Mail chairman, is expected to begin pushing next week for a partial privatisation of the national postal operator through an employee buyout. The proposal, which would enable Royal Mail to borrow an extra Pounds 2bn against its balance sheet, will test the government’s manifesto pledge that there were “no plans to privatise” the postal group. Royal Mail officials said yesterday there was enough “wiggle room” in the government’s position to allow the John Lewis-style plan of employee ownership to be implemented. The man who will ultimately decide whether the scheme could go ahead is Alan Johnson, a former postman and the new secretary of productivity, energy and industry.
Read MoreUPS today announced the rollout of a new generation driver computer that can “talk” with four different wireless communication systems to speed tracking information to customers. There’s really nothing like it,” said Dave Barnes, UPS’s chief information officer. “This is a key component of a bigger system that we call Package Flow Technology. Our drivers are going to have all the information in their handheld computers to make even more reliable deliveries while driving fewer miles.”
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