Year: 2005

UPS Bulgarian unit investing 1.5 Mln Euro in office and warehouses

Posted by | Nov 22, 2005 | |

In Time, a Bulgarian unit of US courier giant UPS, is investing three million levs (USD1.8 million/1.5 million euro) in its own office building and warehouses to reinforce logistics services, a company official said on Tuesday.
The company is building the facility near the airport in the capital Sofia and hopes to complete it at the beginning of next year, In Time head Zheni Belopitova told reporters. In Time has been operating in rented premises in Sofia since 1990 when it entered the Bulgarian market. The company saw its turnover rising by an average 20% every year in the past 15 years, Belopitova said.

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French post office staff to elect board representatives today

Posted by | Nov 22, 2005 | |

Employees of the French post office, La Poste, will today elect a total of seven representatives to the organisation’s board of directors for a five-year term. The successful candidates, drawn from a list presented by La Poste’s unions, will be announced on Friday. Then, on December 19, the newly-elected board will vote for a chairman.

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Online stores expect bumper Christmas sales

Posted by | Nov 22, 2005 | |

Online shopping is expected to increase by more than 40 per cent this year compared with last Christmas in a sign that the rapid growth of e-commerce is not yet starting to subside. The expected rise is in sharp contrast to the subdued outlook for high street retail sales. And threats to one of the main competitive advantages of online retailers – lower prices – are not seen as likely to derail that growth. Interactive Media in Retail Group, the industry body for “e-tailers”, expects 24m British shoppers will spend Pounds 5bn online this Christmas, an average of Pounds 208 each. That is up from Pounds 3.5bn spent online last Christmas and represents an acceleration of the online shopping growth rate. Last Christmas year-on-year growth was 20 per cent.

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Norway Post buys Swedish food logistics group Frigoscandia

Posted by | Nov 21, 2005 | |

Norway’s state-owned postal service, Norway Post, on Monday announced an agreement to buy Sweden’s Frigoscandia, a regional supplier of temperature-controlled transport of food and other products. Under the agreement, which requires Norwegian and Swedish regulatory approval, the companies withheld the purchase amount. Frigoscandia employs about 1,000 people at 24 special warehouse facilities in Norway, Sweden and Denmark. Its turnover in 2004 was more than 2 billion Swedish kronor, about USD245 million or EUR208 million.
“Norway Post is facing increased competition in a range of areas and this acquisition will strengthen our position in the domestic market too,” said Klaus-Anders Nysteen, acting head of Norway Post.

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US state agencies complain about DHL service

Posted by | Nov 21, 2005 | |

Ohio State agencies have made dozens of complaints about service by DHL since Jan. 1, when Ohio awarded the company a USD4.4 million contract to replace UPS as the state’s exclusive courier. Agency officials accuse DHL of a wide array of delivery and billing problems. The company said in a statement released through its public relations manager that some service issues are unavoidable when a change in vendor takes place. Gov. Bob Taft gave DHL an opportunity to bid on the contract after it agreed to move its hub from northern Kentucky to Wilmington, and it submitted the low bid. A spokesman for the governor said the office is aware some agencies are not happy with DHL’s service and expects the Department of Administrative Services to rigorously enforce the contract. DHL was awarded the contract shortly after Ohio won a bidding war with Kentucky for the new DHL air cargo hub.

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‘Express’ courier cos seek independent regulatory body

Posted by | Nov 21, 2005 | |

‘Express’ courier operators are seeking an independent regulatory authority to regulate the written communications sector. This follows a move by the government to entrust the Department of Posts to register operators carrying out functions of collection, transmission and delivery of documents and parcels through a proposed amendment. Section 4 of the Indian Post Office Act 1898 confers on the central government the exclusive privilege of collection, transmission and delivery of letters. In a memorandum addressed to union minister of information technology & communications Dayanidhi Maran, Express Industry Council states, “The proposed amendment to this section seeks to confer on the central government the discretion to authorise any person to engage in any or all the activities stated in that section.” In fact, this would mean direct competition to the traditional postal service, erode its financial viability and consequently, its ability to provide an affordable universal service.

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UK mail firm bosses jailed for dumping post

Posted by | Nov 21, 2005 | |

Two company directors who made a fortune from Britain’s biggest mail-dumping operation were both jailed for two years today. Inderpal Narula, 33, and Royston Heaton, 42, binned more than 360,000 letters and parcels in skips while working at London-based mail company Mail Logistics. The pair, who police believe could have netted as much as GBP3 million between them, were also fined hundreds of thousands of pounds each. Narula, from Green Lane, Burnham in Berkshire, was told to pay GBP500,000 and Heaton, of The Granary, Holton, Oxford GBP400,000 in compensation.

Passing sentence, Judge Andrew Goymer, gave them four months to find the money.

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Japan Post’s April-Sept net profit jumps 2.8 times

Posted by | Nov 21, 2005 | |

Japan Post’s net profit totaled 998.4 billion yen in April-September, about 2.8 times the figure for the same period last year, the state-run postal service company said Monday. Although Japan Post reported an asset impairment loss of 224.3 billion yen and costs of about 5 billion yen to prepare for privatization, such red ink was more than offset by returns from stock investment. Recurring profit went 2.38-fold to 1,526.6 billion yen, while revenue rose 20.0 pct to 12,220.4 billion yen.

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