GeoPost has continued its expandion across the Balkans by launching its DPD road express network in Bosnia Herzegovina through a joint venture with Austrian dcompany Lagermax. The company is now also opoerational in Bulgaria thanks to a jv between its Turkish arm, GeoPost Yurtici Kargo Servisi, and local courier City Express.
Read MoreStill seething from losing lucrative U.S. Postal Service business in 2001, passenger airlines want FedEx Express to pony up information about its postal contract.
The airlines want the Department of Transportation to demand FedEx segregate mail volume from freight data. The Bureau of Transportation Statistics requires airlines to submit volume and revenue data about what they carry, including mail. Airlines and airports use the data for planning purposes and as fodder when they bid to carry USPS cargo. But Memphis-based FedEx, which carries more than half of the U.S. domestic mail, lumps the mail it carries in with its “freight” category on its quarterly reports to the BTS. Given the large volume of freight FedEx carries, BTS and passenger airlines say the aggregate number is meaningless when it comes to parsing out Postal Service information.
Read MoreThe Poczta Polska (PP) state postal network has asked the Infrastructure Ministry to carry out its commercialisation. Tadeusz Bartkowiak, head of PP, explains that it should be transformed into a state-owned company in order to enter the stock exchange market. “From the point of view of its economic condition, the PP is not yet ready to be privatised through the capital market, so the best option would be for the company’s shares to be floated in 2006-2007,” Rzeczpospolita was told by a PP director.
Read MoreKfW, the state-owned bank used as a privatisation vehicle by the German government, said Monday it would increase the volume of its five-year Japanese bond exchangeable for shares in the semi-privatised German postal service Deutsche Post to 1.1 billion euros (1.4 billion dollars).
The bond, a so-called Uridashi bond which is debt issued by a non-Japanese borrower in Japan in a currency other than the yen, “met with overwhelmingly positive interest from retail investors in Japan, KfW said in a statement.
“We had announced a target size of 500 million euros. With a final transaction size of 1.1 billion euros, our expectations have clearly been exceeded,” said KfW chief Hans Reich.
The bond matures on February 3, 2010, and will pay an annual coupon of 0.5 percent.
Read MoreMailbox Express has joined UK distribution network Fortec. The company, which operates in both pallets and same-day collections and deliveries, has since moved to larger premises in Wshington, Tyne & Wear.
Read MorePalletised distribution specialists Palletline Plc continue to expand their nationwide network with the recruitment of Cheshire-based G A Newsome (Haulage) Ltd to provide high quality distribution services for parts of the Crewe area. The addition of G A Newsome to the network brings Palletline’s total number of depots close to 60.
Read MoreThe introduction of postcodes in Ireland is likely to mean a huge increase in the amount of junk mail put through the republic’s letter boxes. Experts say the lack of a postcode system is the only thing that has been holding direct marketers back. They say the experience of other countries suggests the amount of such mail received by households could double. Comreg, the communications industry regulator, is recommending that postcodes be introduced in Ireland, the only country in the European Union not to have them. An Post says it will not pay for the system, but one model favoured by the private post companies is based on lines of longitude and latitude and would not require fresh mapping of the country.
Read MoreDX SERVICES, the business-to business mail company, has attracted investment from three top backers.
They have warmed to its potential for exploiting the opening up of the postal market to competition.
DX SERVICES, the business-to business mail company, has attracted investment from three top backers.
DX, which stands for document exchange, demerged from specialist recruitment firm Hays last November.
DX’s services include collection, delivery and sorting for 27,000 customers. The shares surged when they began trading on November 1.
The postal market is estimated to be worth about Pounds 5.8 billion and is expected to be fully open to competition by next January. DX, which has a stock market valuation of Pounds 285 million, won a seven-year postal licence in June. This frees it from relying on Royal Mail, unlike rivals such as Business Post.
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