Year: 2005

TPG improves operating margins across the board

Posted by | Feb 28, 2005 | |

TPG Q4 highlights include: express reaches 10% operating margin for the first time, logistics lifts margin to 4.1%, helped by standardisation programme, Wilson acquisition driving logistics revenue growth, integration is on track, higher growth in European Mail Networks and strong margin in Mail. The full year highlights include strong operating cashflow and net income growth and full year dividend lifted to 57 cents, up from 48 cents last year (subject to approval by the AGM.

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Delivery Problems

Posted by | Feb 28, 2005 | |

Pitney Bowes throws off lots of cash but hasn’t yet figured out what to do with it. Pitney Bowes generated USD879 million in cash on USD5 billion in sales last year, enough to hand back USD482 million to shareholders in dividends and stock buybacks and run a USD317 million capital spending budget. It’s like that when you have a license to print money. Ever since Arthur Pitney and Walter Bowes convinced the U.S. postal authorities to authorize the then-novel idea of a prepaid-postage machine in 1920, Pitney Bowes has dominated the business. It built an empire around the ubiquitous postage meter, now selling customers USD4.2 billion a year in equipment, services and financing in addition to the USD840 million a year it takes in on rent (U.S. law requires meters to be leased, not sold). Yet the company now finds itself in a quandary any other businesses would kill for–how to spend all that cash.

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Emirates Post says diversification can help regional postal services boost revenues

Posted by | Feb 27, 2005 | |

At an official press conference today for the World Mail Express & Air Cargo Expo 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. ‘In addition to traditional postal services, Emirates Post provides customers with retail, banking, airline ticket reservation and utility payment services,’ said Al Daboos. ‘We also offer a direct mail service providing access to up to four million addresses, while companies can use our integrated mailing service via the Electronic Document Centre, and later this year we will create a credit card personalisation service.’ Al Daboos said Emirates Post is ready to assist postal services in other Gulf countries with the launch of a number of products which it has already successfully introduced in the UAE.

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New package-flow technology not delivering at UPS

Posted by | Feb 25, 2005 | |

United Parcel Service Inc. has acknowledged that its highly touted package-flow technology isn’t flowing as smoothly as expected, with problems at about a third of the 300 or so centers where it has been implemented.
The package-flow software suite, a UPS initiative unveiled in October 2003, was developed in-house to help the company more efficiently plan deliveries made by its drivers in the U.S. At that time, UPS said it would deploy the technology at its 1,000 U.S. hubs by 2005 (see story). However, now it seems that full implementation won’t be achieved until the end of 2007, said UPS spokeswoman Donna Barrett.

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DHL, StanChart sign multimillion contract

Posted by | Feb 25, 2005 | |

Express and logistics company DHL was awarded a two-year contract by Standard Chartered Bank (StanChart) to manage the bank’s international document and parcel express shipments globally.

The multimillion contract underpins StanChart’s endorsement of DHL as the exclusive provider for the bank’s global express services covering documents and parcels from the bank’s worldwide offices to destinations around the world.

StanChart’s requirements will be overseen by DHL’s global customer solutions (GCS) division, which was established in January 2004 to provide a single point of contact across all markets for DHL’s top global customers. DHL has a long logistical experience in providing services to various multinational customers in the financial sector.

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UPS to close hub in 2006, laying off 1,400

Posted by | Feb 25, 2005 | |

UPS Inc said Thursday it plans to close its recently acquired freight sorting hub in Dayton in 2006, eliminating 1,400 jobs, in a move the company said would make its overall operations more efficient. The facility is the company’s only sorting hub for heavy airline freight. A new hub for handling cargo weighing more than 150 pounds will be built at another UPS facility in an effort to improve efficiency, said Norman Black, spokesman for Atlanta-based UPS. UPS has operated the hub at Dayton International Airport since Dec. 20, when the company bought it from Menlo Worldwide Forwarding for USD150 million. It also assumed USD110 million in debt in that deal.

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Deutsche Post Dutch venture Selekt Mail sees over 220 mln deliveries this year

Posted by | Feb 25, 2005 | |

Selekt Mail Nederland, a joint venture of Deutsche Post AG and Royal Wegener NV, said it expects to achieve over 220 mln deliveries this year, with an 8.3 pct share of the Dutch postal market.

The forecast is based on the ‘explosive growth’ witnessed in the first quarter, which will see some 55 mln items delivered, and the ‘well-filled’ order book. January deliveries alone resulted in sales of 6 mln eur.

In November, the company’s forecast was for processing 175-200 mln items in 2005 as it aims to double its delivery numbers for the third year in a row.

According to a spokesperson for the company, Selekt Mail Nederland delivered some 100 mln items, resulting in sales of between 25 and 30 mln eur and an unspecified profit.

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French PriceMinister and Chronopost enter Partnership

Posted by | Feb 25, 2005 | |

French e-commerce website PriceMinister, specialised in trading new, half-priced and second-hand items, has signed a co-operation contract with local logistics and mail delivery solutions provider Chronopost International to ensure a rapid delivery of its products, it was reported on February 25, 2005.

Following the contract, all companies and entrepreneurs that sell their products through PriceMinister, can create and upload their digital order forms at PriceMinister.com.

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