Year: 2005

Major carriers increase US rates

Rate increases for United Parcel Service Inc., FedEx Corp. and DHL will take effect today. Rates for UPS Ground, UPS Next Day Air, UPS 2nd Day Air, UPS 3 Day Select and international services will rise 2.9 percent. UPS Hundredweight Service, an alternative to services offered by less-than-truckload carriers, will rise 5.9 percent FedEx, Memphis, will also increase its shipping rates today. The cost of its FedEx Express service will rise 2.6 percent. This includes a 4.6 percent increase in package and freight costs and a 2 percent decrease in its fuel surcharge. An indexed fuel surcharge was expected to be implemented yesterday for DHL’s DHL Ground and DHL@Home shipments. The fuel surcharge will be initially set at 2 percent.

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German government shifts Deutsche Post shares to federal bank

The German government is to reduce its stake in mail carrier Deutsche Post to 8 per cent in a transaction that gives a federal bank, KfW, 48.5 per cent of the stockmarket-listed logistics group. KfW confirmed Monday the sale would go through this month. Berlin had been widely expected to force-march the privatization of the former post office since it needs to reduce net public borrowing. Originally set up as a post-war reconstruction fund, KfW is regularly used by the government as a halfway house in privatizations, as it can wait till prices improve before passing the shares on to private buyers. Its assets do not count as state-owned. A spokeswoman at KfW confirmed the price to be paid in this month’s transaction would be 1.7 billion euros. At present KfW owns 36.5 per cent of Post, which has absorbed the DHL courier group into its overall brand, Deutsche Post World Net.

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Norway Post buys a stake in OptiMail

With its purchase of 7% of Optimail, Norway Post has extended its stake in the swedish mail market. It is already a part owner of CityMail Sweden. Citimail owns 11.7% of Optimail and the two private mail companies operations are linked: Optimail sorts international and domestic mail for distribution by CityMail while Optimails SwedMail business handles mail in the Swedish markets.

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Koizumi resolved to privatize Japan Post from April 2007

Prime Minister Junichiro Koizumi expressed determination on Saturday to begin the process of privatizing the state-backed Japan Post in April 2007. While noting that Japan will be in a critical stage for achieving a successful outcome of his reform policy, Koizumi said in a written New Year’s statement that he is “resolved to privatize Japan Post” from April 2007. He also reiterated his hope that the Diet will pass a set of bills to privatize Japan Post during its next ordinary session to begin in January. Under the government plan, Japan Post will be split into four entities in charge of mail delivery, postal savings, postal insurance and post office management, all under a new holding company, when the 10-year process begins in April 2007.

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Letter prices in Europe

Deutsche Post report of current international letter price comparison.
Compares: Belgium / Denmark / France / Germany / Italy / Netherlands / Norway / Republic of Ireland / Spain / Sweden / Switzerland / UK / Austria / Finland / Greece / Luxembourg / Portugal /
P:LibraryPostalLetter prices in Europe Dpost report.pdf

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