Year: 2005

Positive An Post news may flatter to deceive

Posted by | Apr 8, 2005 | |

While An Post may post a surplus, fundamental problems remain. When the senior management of An Post gather in the GPO in about three weeks time they may have some positive news to announce for a change. While there may be some incredulous looks from media representatives, the company’s chief executive Donal Curtin is expected to disclose a small surplus for 2004. In a recovery plan announced back in September 2003 the company was budgeting for an operating loss in 2004 of about EUR24 million. But An Post’s subsequent decision not to pay its 10,498 staff increases under the terms of Sustaining Progress has given the company a commercial breathing space.

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UK Royal Mail puts up price of a first-class stamp

Posted by | Apr 7, 2005 | |

The price of a first class stamp went up by 2p – to 30p – today as the Royal Mail prepares to lose its 350-year monopoly of the postal industry next year.
The rise was part of a series of increases in postal service charges prior to the full liberalisation of the industry next January, when any licensed operator will be able to deliver mail to business and residential customers. Second class postage remains at 21p.

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UK postal strike ballot looms

Posted by | Apr 7, 2005 | |

Royal Mail could face a strike ballot in the middle of the general election campaign as pay talks with the Communication Workers Union remain unresolved. The two sides have two days to reach an agreement before the CWU calls a meeting of its postal executive on Monday to consider “all available options”. The potential clash between the two sides comes after nearly two years of relative industrial peace.

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TPG’s Annual General meeting of shareholders held in Amsterdam

Posted by | Apr 7, 2005 | |

The Annual General Meeting of Shareholders approved today the statutory name change of TPG NV into TNT NV. As a result of the reference to the shares of the group, listed on the Amsterdam, New York, London and Frankfurt stock exchanges, will be TNT. The AGM re-appointed Mr JHM Hommen as member of the Supervisory Board. Following the announcement on 24 March 2005, Mr Hommen has succeeded Mr M Tabaksblat as chairman of the Supervisory Board at the closing of the AGM. The AGM appointed Mrs G Monnas and Mr S Levy as new members of the Supervisory Board. TNT also launched its new corporate website at www.tnt.com/group to reflect the name change.

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Dutch TNT Express to complete Spanish network via acquisitions

Posted by | Apr 7, 2005 | |

TNT Express, a unit of the Dutch mail, express and logistics company TPG NV, currently seeks takeover opportunities in Spain in order to complete its network in the country, TNT Express management board member Marie-Christine Lombard said at the annual TPG general shareholders’ meeting of TPG on April 7, 2005.

According to TNT Express, Spain is one of the fastest growing markets in Europe.

At the meeting, TPG shareholders approved the statutory name change of TPG NV into TNT NV. The meeting also approved the reduction of TPG issued capital through cancellation of the shares, repurchased from the Dutch State. TPG bought back 20.7 million shares from the State for a total of some 400 mln euro (USD515.6 mln).

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Four largest package-delivery carriers in US 2004

Posted by | Apr 7, 2005 | |

Here are revenue and market-share figures in the ground business segment for the four largest package-delivery carriers in 2004:

Here are revenue and market-share figures in the ground- business segment for the four largest package-delivery carriers in 2004: Figures are in thousands

Revenue Market Share
UPS $17,409,000 73.3%
FedEx $4,265,000 18%
USPS $1,242,096 5.2%
DHL $819,000 3.5%
Total $23,735,096 100%

Figures are in thousands

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Austrian Post IPO in Spring 2006 unrealistic

Posted by | Apr 7, 2005 | |

The trade unions of Austrian postal company Oesterreichische Post AG (Post) said the announcement of finance minister Karl-Heinz Grasserof April 7, 2005, that Post could launch an IPO in the spring of 2006, was absolutely unrealistic.

The trade union head Gerhard Fritz called Grasser’s statement that the IPO would protect jobs a stupid joke.

According to the unions there has been no successful IPO of a state-owned postal company in Europe. The issue price of German Deutsche Post shares of 25 euro (EUR32.2) in 2000 has never been reached since, the unions added. The Dutch post office faced a similar development.

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Canada Post names Moya Greene Chief Executive

Posted by | Apr 7, 2005 | |

Canada named Moya Greene as chief executive officer of the country’s government-owned postal service to replace Andre Ouellet, who quit last year after the company was linked to a sponsorship scandal. John McCallum, the minister responsible for Canada Post, nominated Greene, according to a statement distributed by Canada NewsWire today. Greene, 51, worked in government for 17 years before leaving for jobs at Bombardier Inc., Canadian Imperial Bank of Commerce and Toronto-Dominion Bank, the statement said.

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