Year: 2005

Deutsche Post takes majority stake in Dutch mail service MailMerge

Posted by | Oct 12, 2005 | |

Deutsche Post World Net AG said it has taken a majority stake in Dutch mail service company MailMerge. No financial details were disclosed. Deutsche Post said its Dutch operations and MailMerge – which handles about 40 mln letters every year – have been cooperating closely since the end of 2003. By adding this majority stake, Deutsche Post said it has made its Dutch operations, which include Selekt Mail Nederland, Interlanden, Selektvracht and DHL Global Mail, the Netherlands’ second largest mail service.

Read More

Portugal CTT likely to make new acquisitions in Spain

Posted by | Oct 12, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal has an option to make new acquisitions on the market in Spain, it was reported on October 11, 2005.

Investments in new acquisitions on the Spanish market are estimated to amount to between 8.0 mln euro (USD9.6 mln) and 10 mln euro (USD12 mln), CTT’s chairman, Luis Nazare, said.

The option is part of the acquisition of Spanish express mail operator Tourline Express by CTT in the middle of the 2005 summer.

Read More

Portugal CTT sees 180 Mln Euro turnover from Express Mail Service

Posted by | Oct 12, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal projects to generate an annual turnover between 175 mln euro (USD209.6 mln) and 180 mln euro (USD215.6 mln) from its express mail service operations, it was reported on October 11, 2005. CTT express mail service growth is seen in line with the recent purchase of Spanish courier services company Tourline Express, which will be responsible for CTT’s express mail services in Spain. CTT acquired Tourline Express in July 2005 for 27.5 mln euro (USD32.9 mln). Currently CTT and Tourline Express generate some 155 mln euro (USD215.6 mln).

Read More

Japan Post in mail distribution talks with TNT, Nippon Express, Sankyu

Posted by | Oct 12, 2005 | |

TNT NV is a candidate to set up a mail distribution company with Japan Post, Japanese daily Yomiuri Shimbun reported.

According to sources, Japan Post is eyeing several candidates at home and abroad to set up goods distribution companies. Currently, Japanese law effectively prevents local mail companies from teaming up with foreign partners.

Other candidates mentioned by the paper are Nippon Express and Nippon Steel Corp’s Sankyu Inc affiliate.

TNT was not immediately available for comment.

Read More

Post Danmark, CVC buy stake in Belgian postal service for EUR300 million

Posted by | Oct 12, 2005 | |

Denmark’s national postal service, Post Danmark A/S, said Wednesday it and its minority shareholder CVC Capital Partners have invested EUR300 million (USD361 million) to buy a 49 percent stake in Belgium’s La Poste-De Post.

The Belgian state would retain the remaining 51 percent of the shares in La Poste-De Poste, the country’s postal service.

“The strategic partnership was part of the modernization of the Belgian postal service,” Post Danmark and CVC said in a joint statement.

Belgium also had been looking for a partner to help modernize its service. The government had said it intended to remain the majority shareholder in La Poste with the decision-making center remaining in Belgium.

La Poste-De Post is Belgium’s main postal service with some 35,000 employees.

Read More

Australia Post, China Post jv plans expansion in China’s key centers

Posted by | Oct 12, 2005 | |

Australia Post said its recently formed international logistics joint venture with China Post is planning to open more distribution hubs in China’s key commercial and manufacturing centers after establishing the first hub in Shanghai in July. It said the joint venture company, Sai Cheng Logistics, will link the hubs to similar facilities in Australia. In its annual report, the Australian government-owned postal services and logistics company said the joint venture was formed in response to the increasing demand among Australian businesses for logistics and supply chain support in China.

Read More

Letters on the way out but Australia Post looks to reverse trend

Posted by | Oct 12, 2005 | |

The traditional engine room of Australia Post – its letters division – is on the decline as more people turn to email or SMS to keep in touch. Australia Post today reported a one per cent lift in net profit to AUSD374.9 million for the 2004/05 year, off a record AUSD4.32 billion in revenue. But the letters division’s earnings fell almost AUSD57 million to AUSD248.3 million. The big area of improvement for the government-owned Australia Post came in the parcels and logistics business which increased its profit by AUSD41.4 million or 28.9 per cent to AUSD184.8 million. Australia Post chairman Linda Nicholls said the impact of electronic substitution on the letters business was being felt globally. “With our letter prices currently frozen and our costs rising with the addition of around 200,000 new addresses each year, growth in letter volume is going to be the crucial element determining our future profitability in the letters business,” Ms Nicholls said.

Read More

Spain Correos sees 2006 revenue at 1.971 Bln Euro

Posted by | Oct 12, 2005 | |

Spanish state-run postal services provider Correos y Telegrafos (Correos) eyes a revenue of 1.971 bln euro (USD2.36 bln) in 2006, a 3.1 pct year-on-year increase, the company’s chairman, Jose Damian Santiago, said on October 11, 2005. Income from telegraph and fax services is expected to rise 3.8 pct, revenue from non-postal services is forecast to increase 8.0 pct, revenue from distributing communal services post is seen to rise 12 pct and postal services revenue is forecast to rise 2.9 pct. Correos also forecasts operating costs of 1.812 bln euro (USD2.17 bln). The figure includes the investments planned by the postal services provider, Santiago added. Correos has earmarked investments chiefly in the quality of the postal services provided.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest