Year: 2005

Emirates Post says diversification can help regional postal services – delete

Posted by | Mar 2, 2005 | |

At an official press conference today for the World Mail Express & Air Cargo Expo taking place 1-2 March at the Dubai World Trade Centre, Emirates Post said it will be able to share its success with other exhibitors and delegates participating at the conference-led expo, a joint initiative organised by UK company Triangle Management Services and Dubai-based, Streamline Marketing.

Abdulla Ibrahim Al Daboos, Director General of Emirates Post, told the press conference that diversifying into non-postal services helped the company to achieve earnings of around Dhs300 million for 2004, and that policy is now expected to boost revenue by 10 per cent this year.

Emirates Post expects to boost its annual turnover by 10 per cent this year by continuing to diversify its range of services and the company believes postal services across the Gulf region can follow its example.

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China Post to merge logistics and courier business units – delete

Posted by | Mar 2, 2005 | |

China’s State Postal Bureau (China Post), currently both the regulator and dominant player in the country’s mail delivery market, plans to merge its logistics unit and parcel delivery business, the Beijing News reported.

China Post set up the country’s then largest logistics company, China Post Logistics Co Ltd, at the beginning of 2003 to offer logistics services, also known as EMS, and explore new markets outside postal services.

The newspaper quoted an unidentified source as saying that the integration of the two units is expected to be complete by the end of this year.

It said the move is part of China Post’s efforts to separate its regulation and business operations.

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L-Mail.com teams up with Redmail Austria

Posted by | Mar 1, 2005 | |

L-Mail, the online letter writing, printing and posting service, has teamed up with Austrian postal service provider redmail. The new business relationship will enable L-Mail customers located anywhere in the world to have letters printed and posted direct in Austria saving postal costs and increasing speed of delivery. redmail, a joint venture of the Austrian publishing group Styria Medien AG and the Dutch TPG Post Group, is the largest private postal operator in Austria.

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Deutsche Post to raise dividend after earnings jump in 2004

Posted by | Mar 1, 2005 | |

Deutsche Post said Tuesday it would increase its dividend to shareholders after earnings rose sharply in 2004. Deutsche Post said in a statement it would propose raising the dividend to 0.50 euros (0.66 dollars) per share for 2004 from 0.44 euros a year earlier after group net profit rose by 21.3 percent to 1.59 billion euros last year. Full details of 2004 results would be published on March 22.

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Japan Ministop to offer Japan Post parcel service as of June 1, 2005

Posted by | Mar 1, 2005 | |

Japanese convenience store chain Ministop Co, an affiliated company of retailing company Aeon, will officially handle the Yu-Pack parcels of Japan Post at its 1,684 outlets around Japan, starting from June 1, 2005, under an agreement signed on March 1, 2005. Currently, Japan Post officially offers the Yu-Pack parcel service through all outlets of convenience store chain Lawson.

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TNT helps lorry group to double its profits

Posted by | Mar 1, 2005 | |

Dutch delivery and logistics group TPG – which also operates TNT in the UK – has delivered the highest net profit in its history, helped by the restructuring of its logistics division and by higher margins in its TNT express business.
TNT, which has a turnover of approximately pounds 750 million in the UK, has a high presence in the West Midlands. The region is home to the company’s UK headquarters in Atherstone as well as the largest UK depot at Network Park in Saltley, Birmingham.

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Deutsche Post in 2004 increases revenue and earnings

Posted by | Mar 1, 2005 | |

Deutsche Post World Net posted a 7.9 percent sales increase to about 43.17 billion euros in 2004 and fully met its earnings targets. At about 3.35 billion euros, Group operating profit (EBITA) was 12.5 percent higher than a year earlier, the upper end of the forecast range. Group net income rose by 21.3 percent to about 1.59 billion euros, or 1.43 euros per share. That compares with 1.18 euros per share in 2003. The Group tax rate was 20 percent in 2004. The company reaffirmed its EBITA-target of at least 3.6 billion euros for 2005.
“Over the past 10 years, the group has been focusing on privatization and internationalization. Our latest results show how far we have come in this process. We want to share the financial rewards of this development with our shareholders,” said Chief Financial Officer Edgar Ernst.

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