Year: 2005

DHL Mexico to invest USD100 mln in five years

Posted by | Oct 27, 2005 | |

DHL Mexico a unit of German postal services group Deutsche Post AG, plans to invest some USD100 mln (82.4 mln euro) in the forthcoming five years, to strengthen its technology platform and customer care, under its expansion policy, the company’s director general Leticia Navarro said on October 26, 2005. DHL Mexico currently holds some 22 pct market share. The company will invest USD25 mln (20.6 mln euro) in 2005 to maintain its growth in the country, Navarro noted.

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LEGO Group outsources logistics to DHL

Posted by | Oct 27, 2005 | |

The LEGO Group will centralize its European distribution center (EDC) in Prague, Czech Republic, and outsource its European operation to DHL Solutions. DHL will open and begin operating its new and customized logistics center in early 2006. Following an analysis of its structure, the LEGO Group announced that it plans to discontinue its five distribution facilities in Flensburg and Hohenwestedt (Germany), Billund (Denmark), Lyon and Dunkerque (France) and to concentrate its European distribution operation in Jirny, 10 km east of Prague.
The new European distribution center will handle distribution to LEGO customers in Europe and to LEGO distribution centers throughout the world (except North America).

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Q diversifies by joining Palletline

Posted by | Oct 27, 2005 | |

High Wycombe- based Q Logistics began operating for Palletline on Tuesday night covering the HP1-16 HP27 and SL9 postcodes. Q runs 25 trucks and will input around 50 pallets a night, initially.

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Emirates Post buys 60 percent in Wall Street Exchange for USD15 million

Posted by | Oct 27, 2005 | |

Emirates Post has bought a 60 percent stake in Wall Street Exchange Centre for over USD15m. Wall Street Exchange Centre offers a range of money changing services. It also has a presence in the wholesale forex market and operates as the exchange company for other exchange houses, banks and business houses.
“It’s the synergy between the two institutions that has brought them together. This will provide great convenience to the consumers using money exchange and money remittance services in the UAE,” said Asgar Patel, chairman, House of Patels, the group which owns Wall Street Exchange.

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UK First Class service hits record high level

Posted by | Oct 27, 2005 | |

Royal Mail’s First Class service has hit the highest level ever, beating the record performance achieved earlier this year, it was announced today. Preliminary results from independent research show that 94.2% of First Class letters arrived the day after posting during July to September this year – well ahead of the 93.0% target level. The 94.2% performance during the summer also easily beat the 93.6% spring performance during April to June – the previous best performance on record. Second Class mail beat its 98.5% target with a 98.8% performance during July to September. Royal Mail’s Chief Executive, Adam Crozier, said: “Royal Mail is delivering its best service on record. Postmen and women are providing customers with a world-class performance. I’m very proud of our people.”

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Canada Post faces shortfall, admits pension fund is insolvent

Posted by | Oct 26, 2005 | |

Canada Post is forecasting a loss for the first time since 1994, when it began running up a string of profits following years of red ink and labour unrest. In a document tabled in the House of Commons, the post office has also disclosed its 1.1-billion dollar pension fund became insolvent as of last December and the Crown corporation was forced this year to contribute 267 million dollars to the fund to keep it viable under federal pension rules. The post office said it will return to deficit within five years unless it can adjust to the changing marketplace and growing competition. Canada Post last year transferred an initial instalment of 129 million dollars to the pension fund, a spokesman said. The post office cites exploding use of the Internet for bill payments and e-mail as a leading cause of its problems.

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TNT Mail to take on Royal Mail with UK delivery service

Posted by | Oct 26, 2005 | |

Postal operator TNT Mail says it has ambitious plans to launch an end-to-end delivery service that will challenge Royal Mail’s dominance of the market, despite the fact TNT’s current service is about to be axed. TNT Mail has been using Express Dairies’ residential delivery service since last year to distribute small parcels, magazines and catalogues. However, mounting losses have forced Express Dairies to scrap the service as of next month. “It’s clear we will never be in a position to match Royal Mail’s delivery scale, but we will be its prime challenger,” said David Higham, development director for TNT Mail. “Where there’s a business case to put forward, we will be there. Our deal with Express Dairies was mainly concerned with heavier items and this is only a small part of the market.” Higham said TNT Mail will be looking at offering a service for heavier-weighted items and letters and could seek to develop this through a partnership or by acquisition.

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Royal Mail braces for deregulation

Posted by | Oct 26, 2005 | |

It’s been a challenging year for Royal Mail. The postal operator’s plans to introduce pricing in proportion (PiP) got a mixed reception and it has been heavily criticised for poor delivery times and missing letters.

But 2006 is likely to prove even more testing. In January, the UK mail market will open its doors to full competition and mailers are already changing their allegiances.

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