Year: 2005

DHL storms ahead with 79% operating profit jump

Posted by | Nov 14, 2005 | |

Deutsche Post’s logistics division DHL has shown strong performance in the first nine months of 2005, with a 15.6% increase in turnover to EUR5.7bn (USD6.6bn) and operating profits of EUR221m, up 79.7% year-on-year. ‘We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,’ chief executive Klaus Zumwinkel said. Of the logistics division’s turnover, DP’s freight business DHL Danzas Air ‘ Ocean contributed some EUR4.1bn, up 14.1%.

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Business Post Group plc – interim results and current trading

Posted by | Nov 14, 2005 | |

Business Post announces results for the half year ended 30 September 2005 in line with the trading statement of 21 September 2005, which highlighted a below-expectations performance by Express and the franchise network, together with successful trading in the rest of the Group. Financial highlights include: turnover increased by 21% to GBP133.0m, profit before tax and exceptional item totalled GBP6.2m (2004: GBP8.6m), impacted by the difficult economic conditions and reported pre-tax profit was GBP3.0m (2004: GBP8.6m). Parcel Services (Express, International and HomeServe) increased revenue by 8.6% to GBP97.7m, representing 73% of the Group total, but experienced mixed fortunes in a market that was among the most challenging in the Group’s recent history. Specialist Distribution Services (UK Pallets and Courier) made strong progress, increasing revenue by nearly 17% to GBP20.4m and UK Mail made excellent progress, increasing revenue almost six-fold, to GBP14.6m, representing 11% (2004: 2%) of the Group total.

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Lockheed Martin gets USD120M US Postal Service pact

Posted by | Nov 14, 2005 | |

Lockheed Martin said it received a contract valued at as much as USD120 million to upgrade the US Postal Service’s systems that recognize handwritten and machine-printed addresses on letter mail. Lockheed Martin and suppliers aim to boost the USPS’s ability to automatically read addresses above the current 92%, the company said. Lockheed has been working with the Postal Service on this effort for 10 years; the new contract continues their collaboration.

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Government to grant Royal Mail’s wish list

Posted by | Nov 13, 2005 | |

The Government is set to inject around pounds 2bn to help plug the Royal Mail’s gaping pension-fund deficit. Bosses at the state-owned postal service are understood to be confident that the Government has listened to their concerns about the pounds 4bn black hole in the final-salary pension scheme and that it will help out with the cash injection. In addition, although no final decision has been made, the Government is expected to back Royal Mail chairman Allan Leighton’s controversial plan to hand over 20 per cent of the business to its staff, and to green- light an investment programme of nearly pounds 2bn. The Royal Mail wants the money to improve sorting systems. It is also likely that Postcomm will soften its stance on price controls.

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Deutsche Bahn supervisory board approves planned Bax buy

Posted by | Nov 13, 2005 | |

Deutsche Bahn AG’s supervisory board yesterday approved plans to acquire US logistics firm Bax Global in a move designed to strengthen the company’s international freight operations, sources said. Bax, a unit of US security company Brink’s, could cost Deutsche Bahn up to 1 bln eur, the sources said. It has around 12,000 staff and deals mainly in air and sea freight. The move would help Deutsche Bahn strengthen its logistics arm Schenker.

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Postal row has outdated practices and must deliver change

Posted by | Nov 12, 2005 | |

Accountants Grant Thornton are due to report back to the National Implementation Body (NIB) today with their analysis of the cost of various new measures An Post would like to introduce.

A brief history of the story up to now is that An Post refused to pay wage increases under the National Partnership agreement until certain work practices were changed as part of the deal.

The State postal company called on a clause in the national wage agreement, namely inability to pay, to make its case. It seems that An Post can’t pay.

Two years ago, it was losing 40m per year and its extraordinary work practice legacy issues means that it has an overtime bill of around 40m per year.

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NZ Post upgrade costs NZD80m

Posted by | Nov 12, 2005 | |

New Zealand Post is spending NZD80 million in the next six years to dramatically improve mail sorting. The Engineering, Printing and Manufacturing Union (EPMU) is working closely with NZ Post and expects it to result in fewer jobs for part-time workers. But EPMU secretary Andrew Little said the jobs left would be more skilled and satisfying. NZ Post chief operating officer Peter Fenton confirmed there would be “significant employee changes over the next five years.” He said it was too early to tell how staffing levels would change because new technology would need to be bedded in and staff kept on till it worked properly. NZ Post will spend NZD35 million on new technology to automate metro mail centres. Wellington’s mail sorting centre at Petone will be first to get new sorting machines, next February.

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Italian and French post offices in financial-services venture

Posted by | Nov 12, 2005 | |

The Italian post office, Poste Italiane, and its French equivalent, La Poste, will jointly launch a mutual investment fund on Monday. From that day, customers of the two networks will be able to subscribe to the eight-year fund when they take out a life insurance policy with either Posta Vita in Italy or Services Financiers in France.

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