Year: 2005

GeoPost UK challenges Royal Mail with two-day mailplus service

Posted by | Nov 10, 2005 | |

GeoPost UK has become the latest firm to challenge Royal Mail’s bulk mailing service, with its new operation, mailplus. The service, which the firm claims is up to 10% cheaper than Royal Mail’s Mailsort 2, is for mailings of more than 4,000 items. “It will also has the same kind of sortation levels as Mailsort, so there are 120, 700 and 1,200 services,” said mailplus general manager Jon Wilkins. “As a result, it’s very easy for users to switch.” Smethwick, West Midlands-based mailplus’ two-day offering sits between first and second class.
Mailplus uses sister firm Parceline’s network of 1,704 vehicles to collect pre-sorted mail and take it to Parceline’s West Midlands “superhub”. It is automatically sorted and then delivered to one of the Royal Mail’s 69 delivery centres around the UK for “final mile” delivery, enabling it to offer 100% UK coverage.

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Dutch State not likely to sell TNT stake

Posted by | Nov 10, 2005 | |

The Dutch Government will most probably not sell its stake in Dutch mail and logistics group TNT NV, and would possibly oppose the intended takeover of the company by a private equity investor, Belgian-Dutch Fortis Bank said on November 9. According to Fortis Bank, the State is not very enthusiastic about the sale of TNT’s mail activities to a financial party. It would rather accept a sale of the express and the logistics operations of TNT to a third party, like United Parcel Service Inc. (UPS). Fortis will set the advice for TNT on buy at a share price for the company of 26 euro (USD30.58). TNT’s share closed 10.8 pct higher at 23 euro (USSD27.06) on November 9.

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Deutsche Post Q3 EBIT rises 49 pct on strong logistics, financial services

Posted by | Nov 10, 2005 | |

Deutsche Post AG said its third quarter EBIT rose 49 pct to 720 mln eur, from 484 mln a year-earlier, thanks to strong sales at its logistics and financial services units. The EBIT figure was at the high end of analysts forecast which ranged between 560-860 mln eur. Third quarter sales reached 11.028 bln eur, up from 10.648 bln, but below the 11.040-11.881 bln eur range analysts forecast because of weakness in the German mail market. Net profit was 405 mln eur, compared to 169 mln, reaching the high end of 290-408 mln eur range analysts forecast.

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Deutsche Post World Net lifts net income by 51 percent

Posted by | Nov 10, 2005 | |

Deutsche Post World Net increased its profit from operating activities (EBIT) by 19.9 percent to around 2.4 billion euros in the first nine months. Revenue rose slightly by 2.5 percent to 32.5 billion euros compared with the first nine months of the previous year. Consolidated net income grew by 51 percent to around 1.3 billion euros, after 890 million euros in the previous year. Earnings per share increased accordingly from 0.80 to 1.20 euros. Third quarter consolidated net income more than doubled year-on-year, from 169 million to 405 million euros. “We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,” said Chairman of the Board and Chief Executive Officer Klaus Zumwinkel. In the first nine months, the company generated half its revenue outside Germany. Within Germany, the Group also made great progress. “With the acquisition of BHW, Postbank will be the clear number one in retail banking,” said Zumwinkel.

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Geber firm ‘working on possible deal’ to buy TNT

Posted by | Nov 10, 2005 | |

TNT was yesterday the subject of renewed takeover speculation after a German private equity investor said he was trying to form a consortium to bid for the company. Cornelius Geber told the FT: “I can confirm that through my [private equity] company, CG Beteiligungs AG, we are currently working on a possible deal [to buy TNT].” He said he was in talks with at least two financial investors and at least two strategic buyers, which had expressed interest in a joint approach for TNT. “We have not yet decided who to go with,” he said, adding that his plan was at an early stage.

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Paul Kehoe appointed Chief Executive of DX Services

Posted by | Nov 10, 2005 | |

DX Services plc is pleased to announce the appointment of Paul Kehoe as Chief
Executive with effect from 14 November 2005 when he will also join the Board.
Paul replaces Peter Brougham, who steps down from the Company on 11 November
2005. Paul (46) joins DX from a career in the Aviation and Business Services sectors. Most recently he was Operations Director and an executive Board member of airports owner TBI plc, the largest regional airport operator in Europe, and
managing director at Belfast International & London Luton Airports.

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Pall-Ex director joins Palletways member

Posted by | Nov 10, 2005 | |

Former Pall-Ex director Glynis Hargreaves has joined Palletways with Barking-based Multi-Link, one of three new network members. Multi-Link began operating the E postcodes on October 31 after joining the network from Pall-Ex. Sales manager Hargreaves says: “We did N and NW for Pall-Ex which was too far away from our depot.” Network newcomers are TS International, operating parts of the LL and SY postcodes, and Dove Collections for the TN postcodes, previously covered by Laser Transport.

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DHL expands Hong Kong superhub

Posted by | Nov 10, 2005 | |

DHL announced an additional USD110 million investment to expand its Central Asia air express hub at the Hong Kong International Airport. The center of DHL’s regional network, the Central Asia SuperHub is being built six years ahead of schedule to meet soaring demand, the company said. The flagship facility, serving the Pearl River Delta manufacturing center, “is strategically positioned for us to meet the growth in intra-Asia, as well as inter-regional trade,” said Scott Price, chief executive, DHL Express – Asia Pacific. The expansion was originally scheduled for completion in 2013.

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