Year: 2005

UPS agrees to end cigarette deliveries

Posted by | Oct 24, 2005 | |

UPS will stop delivering cigarettes to individuals in the United States under an agreement announced Monday with state Attorney General Eliot Spitzer.

The agreement is the latest in federal and state efforts to combat the sale of under-taxed cigarette and to fight underage smoking.
Monday’s agreement leaves only the U.S. Postal Service among major carriers to continue to deliver cigarettes to individuals, Spitzer said. He called that practice “an embarrassment.”

Despite a new policy adopted by the Postal Service in September to refuse delivery of illegal products, the federal service allows employees to accept packages suspected of containing under-taxed cigarettes, Spitzer said.

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Citigroup and DTB GmbH co-owners of a Russian National Logistics Company (NLC)

Posted by | Oct 24, 2005 | |

It is not the first time when foreigners show interest in the Russian market of storage and logistics services and delivery. In 2004, GeoPost and Yurtici Kargo bought a Russian company Armadillo and Armadillo Biznes Posylka established by Armadillo together with Posten AB.

Businessmen Sergey Grishin, Andrei Suzdaltsev, and Ilya Brodsky decreased their stakes in NLCI, which owns assets of NLC, from 100percent to 62percent. They plan to invest USD50 million derived from the sale in the development of a regional network and in new projects of NLC. According to Ilya Brodsky, NLC, which capitalisation will increase thanks to investments of new stockholders, may be sold to a strategic investor in 3-5 years.

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Deutsche Post management confirms full-year 05 Group guidance

Posted by | Oct 24, 2005 | |

In the context of the Offering Document, which is now being posted to Exel shareholders, the Board of Deutsche Post confirms the forecast that current year operating profit (EBIT) will be at least Euro 3.6 billion. Correspondingly, the Board of Deutsche Post forecasts that the consolidated net profits will exceed those of the previous year by at least Euro 500 million.
The profit forecast for the full year 2005 is based on the interim financial results for the six months ended 30 June 2005, the management accounts for the two months ended 31 August 2005 and the Board of Deutsche Post’s forecast of results for the six months ending 31 December 2005.

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FedEx Ground continues national expansion with new Hagerstown, Maryland hub

Posted by | Oct 24, 2005 | |

FedEx Ground has opened a new 325,000-square-foot distribution hub in Hagerstown, Maryland. Today, Maryland Gov. Robert L. Ehrlich, Jr., will join local customers and Washington County officials to celebrate the facility opening. The Hagerstown hub is one of nine hubs to open as part of a network expansion plan that will include the relocation or expansion of more than 290 pickup and delivery terminals through 2010. The nationwide expansion will boost the company’s current average daily pickup capacity by nearly 70 percent over the next five years. This summer, FedEx Ground also opened hubs in Cincinnati, Ohio, and Dallas, Texas. A fourth new hub, under construction near Memphis, Tenn., will begin operations in 2006.

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French Banque Postale forced to alter applicaction for future bank

Posted by | Oct 24, 2005 | |

La Poste is expected to be forced to carry out some alterations to its application for approval of its future banking subsidiary, La Banque Postale, owing to an exceptional contribution of 2bn euros which will have to be paid to the state as part of the 2006 budget in connection with future and current retirement pensions for postal employees with civil servant status. In the application, La Poste mentions service agreements, which define its relations with the future bank from a legal and from a business point of view. In order to comply with competition law, it is envisaged that La Banque Postale will repay all costs which the parent company shoulders to assure the functioning of its banking subsidiary.

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Belgian De Post/La Poste to introduce experimental project in Maaseik

Posted by | Oct 24, 2005 | |

Belgian postal services company De Post/La Poste will introduce an experimental project in Maaseik, in eastern Belgium, under which postmen will make home deliveries of books and CD’s from the local library on October 25, 2005.

The project is a service for disabled people, elderly people, or long-time sick people.

Disabled people, elderly, or long-time sick people are able to order books and CD’s through the library’s online catalogue. People who are not familiar with the use of the Internet will use a form with their favourite genres and the preferred format.

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Shoppers forecast to spend GBP5bn online this christmas

Posted by | Oct 23, 2005 | |

Shoppers snapping up gifts over the internet will help drive online sales to GBP5 billion this Christmas, research predicted.

Despite the wider retail sector remaining stuck in the doldrums, the amount spent online in November and December will far outstrip last year’s GBP3.5 billion.

The research for Royal Mail, carried out by the Interactive Media in Retail Group (IMRG), showed consumers were becoming more confident in using the internet for their shopping.

Around half of the UK population shopped online last Christmas, the study showed.

IMRG chief executive James Roper said: “Online shopping has continued to grow at a phenomenal rate and we believe it will account for 9percent of all retail sales in the UK through November and December 2005.”

The research was released as Royal Mail published a guide to help retailers cash in on online spending.

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UK Government plans pounds 2bn Royal Mail bail-out

Posted by | Oct 23, 2005 | |

The Government is considering a cash injection of more than pounds 2bn into Royal Mail to shore up its ailing pension fund, which has a pounds 4bn deficit.

In a possible double victory for Allan Leighton, the chairman of Royal Mail, ministers are also siding with him in a vitally important dispute between the postal service and its regulator, Postcomm, over the future price of stamps.

“I know it sounds extraordinary given how tight public money is, but we may inject hard cash into the pension fund,” said an official. Ministers have been told by their own advisers that Royal Mail will only have a sound commercial future if the pension deficit is cut to between pounds 1bn and pounds 1.5bn.

Meanwhile, the Department of Trade and Industry and the Treasury are becoming increasingly concerned at Postcomm’s proposal that tariff increases should be kept to the bare minimum.

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