Year: 2005

Deutsche Post Q3 EBIT 560-860 mln eur vs 484 mln eur

Deutsche Post AG will report next Thursday that third quarter EBIT rose to between 560-860 mln eur from 484 mln, as strength in logistics and financial services operations compensated for weakness in its domestic mail operations, analysts said.

They expect third quarter sales to reach between 11.040 and 11.881 bln eur, up from 10.669 bln eur.

Third quarter net is seen between 290 and 408 mln eur, up from 169 mln, analysts said. They noted that part of this increase stems from accounting changes, as Deutsche Post’s EBIT figure benefits from the discontinuation of goodwill amortisation, which carries through to the bottom line.

During the 2.00 pm CET conference call, analysts will focus on Deutsche Post’s efforts to integrate its DHL express operations in France and the UK.

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Irish An Post braces itself for strike

Management and unions at An Post are bracing themselves for the start of industrial action tomorrow despite the intervention of the Government’s partnership watchdog in the dispute.

The National Implementation Body (NIB) invited both parties to separate talks at Government Buildings yesterday.

The body wants to broker a way out of the impasse with a two-week notice for strike action lapsing tomorrow afternoon.

The threatened strike by 8,500 Communications Workers’ Union (CWU) members is over the company’s refusal to pay the full increases due under the partnership agreement, Sustaining Progress.

The Labour Court recommended in July that the increases be paid provided postal staff agreed to a range of work practice changes in the company’s collection and delivery service.

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APX Logistics US appoints new Director of Postal Affairs

APX Logistics, a leading provider of business-to-consumer shipping solutions, is pleased to announce the appointment of Chester A. “Chet” King as Director of Postal Affairs.

“Chet’s past experience with the United States Postal Service has prepared him to take on this new and critical role as Director of Postal Affairs for APX Logistics. As a core member of the initial team that organized the Expedited/Package Service Business Unit in 1997, he truly understands the tremendous opportunities that exist in the package delivery market,” said Brad Garberich, CEO of APX Logistics.

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UK Post Offices are on the move to protect rural service

Mobile post offices are going on the road to save services for six County Durham communities. Counters are being set up a few hours a week in Escomb, Toronto, Witton Park, Fir Tree, Witton-le-Wear, all in Wear Valley, and Cornsay Colliery, near Durham. Subpostmasters are due to resign in Escomb, Toronto and Witton Park and premises have already closed in the other three. Margaret McCombie, subpostmaster at Tow Law, has been appointed to provide the mobile service offering banking, bill payment, travel insurance and car tax. Rural development manager Matt Silcock said the aim was to safeguard the long-term future of services.

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Poste Italiane plan puts 9,000 workers at risk

Italian trade unions have warned that the 2006-2008 industrial plan of state-owned postal services company Poste Italiane places at risk 9,000 workers, local financial daily Il Sole 24 Ore reported on November 3, 2005. The reorganisation of the delivery service places at risk some 6,000 postmen and another 3,000 jobs may be cut following closures of dispatch centres, according to the article in the newspaper. Future problems with overstaff will be solved by the company’s internal restructuring programme, Poste Italiane CEO Massimo Sarmi said.

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UK Royal Mail confirms dates for price change announcements

Royal Mail has confirmed that an announcement regarding price changes for the existing Presstream tariff will be made on 15 December. Any changes would take effect from April 2006 and would apply until 21 August 2006 when the new Pricing in Proportion (PiP) tariff will be implemented. Royal Mail has confirmed that it will be announcing PiP prices in March 2006. Meanwhile PPA (Periodical Publishers Association) is due to make a final submission to Postcomm regarding the regulator’s intention to withdraw Presstream from the regulated area.

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