Year: 2005

Canada Post delivers rivals body blow – Key mail, Spring Canada feud: ‘Exclusive privilege’ for international mail delivery at issue

Posted by | Oct 31, 2005 | |

Richard Thornton, a Mississauga, Ont., business owner, is in the fight of life against Canada Post Corp. He and other operators in the 100-million dollar international mail delivery market are in danger of being shut down by the Crown corporation. Canada Post has two court rulings in its pocket giving the Crown corporation the power to put Mr. Thornton’s Key Mail International out of business after 17 years. Mr. Thornton is pinning his hopes now with the justices of the Supreme Court of Canada, to which his lawyers have sought leave to appeal. Mr. Thornton said he believes this is a new, aggressive effort on Canada Post’s to use loopholes in the law to shut down its rivals. Key Mail, along with Spring Canada, he said, is at the top of Canada Post’s hit list. Other Canada Post targets range from letter shops to Canada’s biggest printers – Quebecor World, St. Joseph and Transcontinental – which are engaged, in one way or another, in the business of handling mail destined for outside Canadian borders.

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TNT links China to Europe with two Boeing 747-400ERFs

Posted by | Oct 31, 2005 | |

TNT N.V. today announced that its Express Division will lease two B747-400ERF freighters to start up a new direct service between Europe and China in 2006.
The 100 tonnes capacity aircraft will be leased for a period of ten years from the US-based aircraft leasing company Guggenheim Aviation Partners and will provide TNT with its own dedicated capacity between China and Europe. Two years ago, TNT successfully launched its Integrated Direct Express (IDE) service between China and Europe in response to the rapid growth of its global high-tech client base. And TNT is now able to offer its clients up to 1,000 to 1,250 tonne of dedicated controlled air linehaul capacity per week, connecting TNT’s European hub with the main gateways in China.

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DPD Switzerland appoints Board Chairman

Posted by | Oct 31, 2005 | |

Parcel delivery company DPD Switzerland has appointed Hans Fluri, 53, chairman of the board of directors. DPD Switzerland is a 100 pct subsidiary of French express and parcels company GeoPost, which is owned by French postal group La Poste. DPD Switzerland also appointed former director of Swiss Post, Jean-Noel Rey, vice-chairman of the board of directors and Georges Champoud CEO. Rey will also be responsible for DPD strategy and marketing.

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Japan Post and TNT join forces

Posted by | Oct 31, 2005 | |

Japan Post and TNT NV announce today that they will enter into a strategic co-operation, aimed at jointly realising a leading position in the Asia Pacific express and logistics market. The co-operation will build on the strengths of TNT’s global network and Japan Post’s strong domestic position and reputation.
The first steps of the co-operation include the launch of co-branded international premium express products to customers in Japan. For this purpose Japan Post and TNT will establish a joint venture. This JV is based on the current international express activities of TNT to and from Japan and Japan Post’s domestic presence as well as its strong relationships with Japanese corporations. Starting from this joint effort, both parties aim to enlarge and strengthen this co-operation in the Asia Pacific region as a next step.

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TNT announces Q3 2005 results

Posted by | Oct 31, 2005 | |

TNT reports revenues increase of 9%, operating income up 37% in Express and earnings per share 5% higher. CEO Peter Bakker commented “I continue to be pleased with the good progress of Express, which hit another record third quarter margin. Mail delivered as expected with solid execution of the masterplans, which have now brought us almost EUR200 million of cumulative savings, and European Mail Networks achieved a revenue growth of 34% this quarter. In Logistics, we moved ahead with the refocusing of our French operations, and have received offers for large parts of this business. In the rest of Logistics, partly resulting from an unexpected law change in Italy, margin pressure remained, although we did see some positive signs in business development.”

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Post office banking delivers

Posted by | Oct 31, 2005 | |

European banks have been slow to exploit the distribution capabilities of domestic post office networks, focusing instead on the expansion opportunities provided by organic growth and mergers and acquisitions (M&A), said Carl Holsters, member of the executive committee of the Belgian Post Group, speaking at VRL’s International Retail Banking Forum (IRBF) last month.

And with revenues from postal services shrinking, the contribution made by retail financial services is becoming increasingly significant, helping European post offices prepare for full deregulation of the postal sector in 2009, when they will lose their national mail monopolies.

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UK stamp rise to fund mail pension hole

Posted by | Oct 30, 2005 | |

Stamp prices will be linked in future to the size of the Royal Mail pension deficit under plans being drawn up by the postal regulator, PostComm. The scheme, which forms part of PostComm’s current review of the prices Royal Mail is allowed to charge, is intended to combat unpredictable fluctuations in the deficit caused by factors such as increases in life expectancy and stock market performance. The deficit has shot up from pounds 2.5 billion to pounds 4.5bn this year thanks to accountancy changes, which have stretched Royal Mail’s finances, making it ‘technically insolvent’, according to its chairman Allan Leighton. Sarah Chambers, the chief executive of PostComm, said: ‘We are considering a mechanism that would allow large fluctuations in the pension fund deficit to be reflected in postage prices. If the deficit were to rise substantially, for example as a result of equity markets falling, then this would feed through to higher stamp prices and vice versa.’

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