Year: 2005

UPS Wins Tentative Go-Ahead for Expanded Access to China

Posted by | Feb 22, 2005 | |

The US Department of Transportation (DOT) has tentatively authorized UPS to significantly expand its air operations in China. The decision, tripling UPS’s access to China over the next year, will provide significant opportunity for UPS to continue growing its business within the region while providing customers with service in all segments of the market – from general freight to express delivery. UPS currently flies from the United States to China six times per week. Today’s tentative decision grants UPS six additional frequencies to Shanghai immediately and six new frequencies to Guangzhou next year. The new frequencies will allow UPS to connect Shanghai to Japan for the first time with non-stop service, and the 2005 frequencies will allow UPS to offer non-stop service from the US to Guangzhou for the first time.

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47 Percent of Belgians never go to post offices

Posted by | Feb 22, 2005 | |

About 47 pct of Belgians almost never go to the offices of Belgian postal services company De Post/La Poste, a report of the company showed on February 22, 2005.

According to the report a total 97 pct of Belgians have access to a post office within a radius of five kilometres. Some 60 pct of the population have access to three post offices in a radius of five km.

Currently, the company operates 1,309 offices in the country, 642 of them employ only one person. De Post/La Poste reported 188 mln euro (USD247.56 mln) losses from the operation of its offices network in 2003. Three of four offices are loss-making. The company said that it will not close offices in 2005, but will launch a restructuring afterwards. The company also plans to expand the distribution of its products via 50 sales counters PostPunten at banks, supermarkets and news stands.

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Poste Italiane to focus on services – CEO

Posted by | Feb 22, 2005 | |

Italian state-owned postal services company Poste Italiane SpA plans to focus on services for the future, the CEO of the company, Massimo Sarmi, said on February 22, 2005, at the presentation of the financial accounts for 2004. In 2004, Poste Italiane registered 64.4 million mailings of packets and Corriere Espresso (express courier), down by 6.0 pct for the packets and up by 14.5 pct for Corriere Espresso, both compared to 2002.

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Poste Italiane net profit at 236 mln Euro 2004

Posted by | Feb 22, 2005 | |

Italian state-owned postal services company Poste Italiane SpA registered a consolidated net profit of 236 mln euro (USD310.8 mln) for 2004, compared to 90.3 mln euro (USD118.9 mln) for 2003. Poste Italiane’s net profit stood at 21.6 mln euro (USD28.4 mln) in 2002. The company’s earning before interest, tax, depreciation and amortisation (EBITDA) rose by 56.7 pct to1. 8 bln euro (USD2.37 bln). Operating profit dropped by 82 pct to 796.4 mln euro (USD1.048 bln). Turnover amounted to over 9.0 bln euro (USD11.851 bln).

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Deutsche Post 2005 net seen up 25 pct due to new IFRS accounting rules

Posted by | Feb 22, 2005 | |

Deutsche Post World Net AG expects net profit this year to be 25 pct higher than last due in part to the adoption of International Financial Reporting Standards (IFRS), a company spokeswoman said. Under German accounting norms there was a negative goodwill effect totalling 400 mln eur. This writedown will no longer be reflected under IFRS. ‘On an operating level, nothing will change,’ she said. She added that Deutsche Post’s US business is currently developing better than expected.

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DHL to expand express logistics facility in Jebel Ali

Posted by | Feb 21, 2005 | |

DHL UAE will open a 6,000 square metre express logistics centre in Jebel Ali Free Zone, officials said. “This major new investment has been necessitated by constant growth in our business out of Jebel Ali, which has recorded 20 per cent year-on-year growth since it opened five years ago,” said David Wild, general manager of DHL UAE. The new facility is due to open in April and is the first in a three-phase, five-year DHL Jebel Ali development programme, company officials said. Phase 2 will start next year, with a proposed 20,000 square metre warehouse in the free zone.

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Belgian De Post/La Poste To Restructure Post Offices 2005

Posted by | Feb 21, 2005 | |

Belgian postal services company De Post/La Poste plans to restructure its post offices in 2005 in order to increase their efficiency.

A total 300 of its 1,300 post offices were profitable in 2004. The offices registered a total 200 mln euro (USD260.5 mln) loss.

The company plans to expand the distribution of its products via banks, supermarkets and news stands.

De Post/La Poste (www.post.be) posted a profit of 36 mln euro ($46.9 mln) in 2004, compared to a 64 mln euro (USD83.3 mln) loss for 2003.

Currently, the company has 37,920 full-time employees. It services some 3.7 billion consignments annually.

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Good profitability and increased revenues lead to earnings of more than NOK 1 billion for Norway Post

Posted by | Feb 21, 2005 | |

The Norway Post Group’s preliminary results for 2004 show earnings before tax of NOK 1,079 million, up NOK 623 million from 2003. This development is due both to increased revenues and successful efficiency initiatives. “The result for 2004 shows that Norway Post has developed a profitable postal organisation that is ready to meet full competition from 2007. We have restructured operations by developing Norway Post’s strengths, extending our range of services by combining electronic information and physical distribution, and have made us more capable of resistance,” says Norway Post chief executive Kaare Frydenberg.

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