Year: 2005

German Deutsche Post reshuffles management

Posted by | Jan 19, 2005 | |

German Deutsche Post is planning a management restructuring in its package and express delivery unit, it was reported on January 18, 2005. As part of the restructuring, Deutsche Post board member Peter Kruse will step down from the executive management of the Express Germany business division, a Deutsche Post spokesman said. His duties will be taken over by Marco Demuth. Kruse will instead focus on strategic development of the package delivery business in Europe.

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Consultation paper on postal services standards

Posted by | Jan 19, 2005 | |

The Malta Communications Authority, as the independent regulator of the postal sector in Malta, yesterday published a consultation paper on the quality of service standards to be met by Maltapost plc. Joseph Tabone, MCA chairman, said: “Efficient and cost effective postal services are an essential element of the infrastructure needed by businesses and individuals alike. The quality of service targets set for Maltapost must reflect what customers want and what Maltapost can achieve by focusing its efforts on meeting the ever rising customer requirements”. The consultation process will specifically target the standards to be met by Maltapost as the designated universal service provider.

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Vietnam Post to diversify service offerings

Posted by | Jan 19, 2005 | |

The Vietnam Postal Savings Company (VPSC) of the Vietnam Posts and Telecommunication Corporation plans to offer postal savings cards and telephone payment services on a trial basis this March. Postal savings cards will replace the current postal savings books, and help customers make withdrawals and deposits at all post offices nationwide. Coupled with the issuance of postal saving cards, the VPSC will provide a telephone payment service, which will offer customers the flexibility of paying telephone and mobile phone bills over the telephone.

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SingPost to offer financial planning services and products at its branches

Posted by | Jan 19, 2005 | |

Postal services provider Singapore Post is continuing its diversification into financial products and services. SingPost has just signed an agreement to establish an exclusive life insurance distribution partnership with UK insurance giant Prudential. The new service “Care for Life” will sell affordable and comprehensive life insurance policies. For a start, full-time financial consultants from Prudential will be stationed at 10 designated post offices. Eventually, the service will be expanded to every post office around the island.

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Deutsche Post CEO says FY 2004 sales top 40 bln eur, sees ‘further clear gain’

Posted by | Jan 19, 2005 | |

Deutsche Post World Net AG’s full-year 2004 sales rose to ‘far more than 40 bln eur’ and are expected to post a ‘further clear gain’ this year, chief executive Klaus Zumwinkel told Die Zeit newspaper. Zumwinkel also said the company may outsource the delivery division of its express mail DHL’s German operations to safeguard against volatile order situations. According to the newspaper, such a move would affect 10,000 jobs.

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Japan Post announces tie-up with Dutch mail giant TPG

Posted by | Jan 19, 2005 | |

Japan Post President Masaharu Ikuta formally announced on Wednesday that the public corporation has agreed to tie up with Dutch mail and logistics giant TPG NV. Ikuta also revealed in a press conference that Japan Post has been approached by several other foreign logistics and postal corporations for possible alliances, saying that the Japanese corporation “has no reason to reject proposals for friendly relations.” Although the current law does not allow Japan Post to make overseas investments or to forge full-fledged tie-ups with foreign firms, the public corporation cannot afford to just wait and do nothing until its privatization, for fears foreign logistics companies will grab a bigger slice of the Japanese market, Ikuta said.

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TNT, Murdoch to compete with UK Royal Mail

Posted by | Jan 19, 2005 | |

Rupert Murdoch has linked up with another giant of Australian business, TNT, in its bid to compete with Britain’s state-owned postal service Royal Mail. Transport and delivery company TNT has entered Britain’s letter market with its TNT Premier service which guarantees delivery in 48 hours and handles one million items a week. As its service expands and the market opens up, however, TNT and other private mail providers have complained about Royal Mail’s “dirty tricks” and uncompetitive behaviour. Murdoch’s pay TV network BSkyB is the latest of five major customers to defect from Royal Mail to TNT, including food distributor Booker and mail order firm Express Gifts, the British newspaper The Guardian reported.

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Polish Post a joint stock company

Posted by | Jan 19, 2005 | |

MPs from the Sejm’s infrastructure and treasury committees gave a green light to transforming the Poczta Polska (PP) Polish postal service into a company, owned solely by the State Treasury. The draft resolution stipulates that the Sejm agrees to this move but reserves the right to keep its option to sell PP’s shares in the future. “This is not a privatisation. We are giving PP a chance to change its legal status so that it will be able to compete with other companies on the market,” said Malgorzata Ostrowska of the Democratic Left Alliance (SLD). The Deputy Minister of Treasury, Wojciech Halka, also thinks that turning PP into a joint stock company will allow it to conduct necessary restructuring that will better prepare PP for competing on the liberalised postal services market.

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