Year: 2005

Deutsche Post plans acquisitions to expand in Central Europe

Deutsche Post AG plans to make additional acquisitions in Central Europe in order to expand its business in the rapidly growing region, Claude Begle, managing director of DHL Express Central Europe, told the Financial Times Deutschland. ‘We are determined to rapidly expand our Central European operations,’ Begle told the newspaper. Begle, who also serves as the chief operating officer for DHL Express Germany, declined to name any specific acquisitions targets. However, financial industry sources said Deutsche Post is close to acquiring two more parcel delivery firms.

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Indonesian postal, mobile, logistics forms agree to cooperate

Postal service PT Pos Indonesia, telephone cellular operator PT Telkomsel and PT Gapura Angkasa have engaged in strategic cooperation in fulfilling their respective commitment to guarantee the quality of their public service, comprising the telecommunications service, the postal service and the cargo transport service. The cooperation agreement was signed here on Wednesday by PT Pos Indonesia managing director Hana Suryana, PT Telkomsel managing director Kiskenda Suriahardja and Gapura Angkasa managing director Robert D. Waloni, in the presence of Minister of State-Owned Enterprises Sugiharto.

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DHL announces rate hikes

DHL, following in the footsteps of rivals UPS, FedEx and the US Postal Service, announced it rate increases for 2006. Effective Jan. 2, rates for [email protected], the company’s expedited business-to-residence shipping service, will increase by an average of 6.5 percent. Rates for DHL Global Mail International will rise by an average 9 percent. A 7 percent increase for DHL Global Mail domestic will take effect on Jan 8. Jonathan Baker, a DHL spokesman, said the new rates are timed to coincide with new US postal rates scheduled to be implemented in mid-January. Rates for DHL Domestic and International Air Express will increase 5.5 percent, and DHL Ground Service will go up 3.9 percent, effective Feb. 5.

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REaD Group buys pay-as-you-go preference service

Suppression specialist The REaD Group has acquired direct marketing preference service My Right To Be Private (MRTBP) for an undisclosed sum.

The online business, which launched earlier this year, aims to protect consumers from unsolicited product marketing. It charges subscribers for services including having their names removed from lists used by the top 50 UK client companies and being added to the Mailing Preference Service and Telephone Preference Service.

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FedEx net income surges 33 percent; annual earnings outlook raised

FedEx Corporation today reported earnings of USD1.53 per diluted share for the second quarter ended November 30, compared to USD1.15 per diluted share a year ago, an increase of 33%. FedEx Corp. reported the following consolidated results for the second quarter: revenue of USD8.09 billion, up 10% from USD7.33 billion the previous year, operating income of USD790 million, up 32% from USD600 million a year ago, operating margin of 9.8%, up from last year’s 8.2%, net income of USD471 million, up 33% from USD354 million the previous year. “Customer demand for our broad portfolio of transportation services, a disciplined pricing approach by FedEx and strong productivity gains led to a sharp improvement in our operating margins,” said Frederick W. Smith, chairman, president and chief executive officer. “FedEx is also benefiting from solid economic growth year over year in the US and Asian economies, which we expect to continue in 2006.”

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DHL to acquire leading domestic express company in the Czech Republic

DHL, the subsidiary of Deutsche Post World Net, has agreed to acquire 100 percent of the shares of PPL CZ sro. Based in Prague, PPL is the No. 1 private player in the Czech domestic express parcel market, serving customers mainly from the IT, pharmaceutical and electronic industries. PPL operates more than 450 vans and 11 depots across the Czech Republic. The acquisition follows two strategic objectives: Firstly, to expand business in Central and Eastern Europe and secondly, to combine DHL’s strong international business with a strong domestic business. DHL is the No. 1 player in the Czech international express parcel market.

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ComReg turns down An Post bid for 12c rise in stamp price

An Post’s application for a 25 per cent price rise has been rejected by the regulator ComReg. The State-owned postal firm was seeking a rise in the cost of a standard letter to 60 cent from 48 cent, but ComReg said there was insufficient evidence to support the claim. An Post was granted a rise for large envelopes – from 60 cent to 90 cent – while packets will rise from 96 cent to EUR2. Meanwhile, ComReg yesterday said it intended to appoint a team of accountants or consultants to examine An Post’s operations in further detail. This team will focus on “revenue identification, volume measurement and cost allocation procedures” at the company. ComReg issued a preliminary assessment on the application during the summer but it has now delivered its final position. It is not clear whether An Post may legally challenge the decision.

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