Year: 2005

Union attacks Royal Mail chief’s comments as ‘frankly insulting’

Posted by | Oct 7, 2005 | |

A third of Royal Mail managers are “not up to the mark”, the chief executive of the state-run business told a meeting of Britain’s business leaders. Adam Crozier’s comments at the Business Insider Elite Leadership Awards, where he was guest speaker, were described by the Amicus union as “frankly insulting”.
Responding after his speech to a question about future challenges for the company, Mr Crozier said the Royal Mail had 15,000 managers, of which “5,000 are fantastic, 5,000 are good and 5,000 are not up to the mark”. He also said it was important for senior management to “take ownership of bad news”. The company has shed more than 30,000 jobs across the board over the past three years and a Royal Mail spokesman last night admitted he “could not rule out” further job cuts.However, he insisted: “That is not our agenda for these managers.”

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TNT Romania sees 40percent rise in 2005 turnover

Posted by | Oct 7, 2005 | |

Express delivery services company TNT Romania, a subsidiary of the Dutch TNT Express, said on Friday it expects a 40% rise in turnover this year, to 23 million euro (USD27.9 million), due to higher number of clients and bigger transported volume. The company gave no profit or loss projections for the current year. “The results we registered in the first six months confirmed the forecast of a 40% rise we made as early as the beginning of this year,” a TNT Romania marketing expert, Monica Anita, said in a statement. The company’s turnover rose 33% last year.

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Khazanah Nasional completes 8.4 pct stake buy in Pos Malaysia

Posted by | Oct 7, 2005 | |

State-owned investment arm Khazanah Nasional Bhd said it has completed the acquisition of 42.8 mln shares or an 8.4 pct stake in Pos Malaysia & Services Holdings Bhd from Aroma Teraju Sdn Bhd. In a statement, it said the acquisition raises Khazanah’s cumulative equity interest in Pos Malaysia to 17.4 pct, making Khazanah the single largest direct shareholder in the company. Khazanah also said it has entered into a share sale agreement with Aroma to buy all the Pos Malaysia shares that Aroma will receive through the proposed capital distribution exercise by Avenue Capital Resources Bhd.

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DHL to double Hong Kong capacity

Posted by | Oct 7, 2005 | |

DHL is investing USDollars 110M to double the capacity of its cargo-handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.

The move, announced yesterday and due to be completed in 2007, will make Hong Kong DHL’s largest hub outside the US, with capacity to move 75,000 pieces an hour. Scott Price, DHL Express chief executive for Asia-Pacific, called the expansion a “very significant, long-term commitment to Hong Kong”.

DHL’s investment is the latest development in an increasingly fierce competition between the world’s largest express carriers in China. In July, FedEx announced plans to spend USDollars 150M to move its Asia-Pacific hub from Subic Bay in the Philippines to Guangzhou, 174km north of Hong Kong. United Parcel Service announced plans to build a hub in Shanghai the same month.

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COI signs exclusive deal for UK door-drops

Posted by | Oct 7, 2005 | |

The Central Office for Information (COI) has chosen a single agency for the first time to handle the Government’s #2m door-drop account, potentially handling campaigns to all 26 million households in the UK. The Leaflet Company has been selected to manage all future door-drops, following a four-way pitch against Tri-Direct, Circular Distributors and National Letterbox Marketing.
The COI carries out around 20 door-drop campaigns a year.

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China Railway Express to Incorporate Railway Parcel Express

Posted by | Oct 7, 2005 | |

A source from China Railway Express Co., Ltd. said that it would complete incorporation with China Railway Parcel Express Co., Ltd. within this year.

The incorporated company will be still named China Railway Express Co., Ltd. with a registered capital of CNY 2 billion. China Railway Express wants to obtain revenues of CNY 6 billion in 2006.

China Railway Express and China Railway Parcel Express are transportation companies under the lead of the Ministry of Railways of China. China Railway Parcel Express is controlled by 15 shareholders and China Railway Foreign Service Corp. takes a 51percent stake and Harbin Railway Bureau, Shenyang Railway Bureau, Beijing Railway Bureau, and Guangzhou Railway Group Corp. hold the rest 49percent.

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UK Royal Mail launches publishing industry discounts

Posted by | Oct 6, 2005 | |

Royal Mail has launched an initiative to support the customer publishing industry by offering a 15 percent discount on customer magazine mailing costs. The promotion is designed to encourage clients planning to publish a title to favour mailing, rather than “pick-up” titles. To qualify, companies must sign up by December and commit to at least two mail-outs before August 2006.

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French La Poste net profit at 550 Mln Euro H1 2005

Posted by | Oct 6, 2005 | |

French national post office La Poste registered a 550 mln euro (USD663.14 mln) net profit for the first half of 2005, up 43 pct year-on-year, it was reported on October 6, 2005. The operating profit rose to 841 mln euro (USD1.013 bln) from 595 mln euro (USD717.39 mln). The turnover went up by 3.9 pct to 9.817 bln euro (USD11.836 bln) from 9.449 bln euro (USD11.393 bln). Calculated at constant exchange rates and on a like-for-like basis the turnover increased by 3.4 pct year-on-year, the group noted. La Poste’s financial services registered a 1.1 pct year-on-year increase of their net banking income to 2.15 bln euro (USD2.59 bln).

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