Year: 2005

Japanese gov’t submits postal bills to Diet, aiming to enact laws in mid-Oct.

Posted by | Sep 26, 2005 | |

The government again submitted postal privatization bills to the Diet – about 50 days after Japan’s upper house scrapped them – and hopes they pass in mid-October. The bills were submitted to the House of Representatives after being endorsed during an extraordinary Cabinet meeting in the morning. Postal privatization is a centerpiece policy of Prime Minister Junichiro Koizumi’s structural reform drive. The fresh bills are almost identical to those the House of Councillors rejected Aug. 8, when opponents of them, including members of Koizumi’s Liberal Democratic Party, voted against them. They are certain to pass the ongoing special Diet session as Japan’s governing coalition of the LDP and New Komeito party took more than two-thirds of the lower house seats in the Sept. 11 general election. The special Diet session convened last week for a 42-day run through Nov. 1. Upper house LDP rebels have recently changed their stance and now support the bills.

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French banks ask for right to distribute National Savings

Posted by | Sep 26, 2005 | |

Four French banks – Societe Generale, BNP Paribas, Credit Agricole SA and Groupe Banque Populaire – have written to the French prime minister, Dominique de Villepin, offering to distribute France’s national savings account, Livret A, for a deposit-based commission of only 0.8 per cent. The account, whose deposits are used to fund French social housing projects, is currently available only via the French post office, La Poste, and the French co-operative bank Caisse d’Epargne.

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Portugal CTT to launch e-mail service

Posted by | Sep 26, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal plans to launch a new e-mail service. CTT’s new e-mail box, called Caixa Electronica Postal, will be available as of the first quarter of 2006, the company’s chairman, Luis Nazare, said. Caixa Electronica Postal will be the first product in the segment of the digital services of CTT, Nazare added. Initially, CTT will distribute a total 5,000 e-mail boxes to clients in the country’s public administration sector. The company targets later each Portuguese national to use CTT’s e-mail box. According to the company, the service will be free for the citizens in the country. Apart from the new e-mail service, CTT is currently studying the opportunities to enter also the segment of hybrid mail services.

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Amtrak’s new weightlifters boost home delivery services

Posted by | Sep 26, 2005 | |

Amtrak Express Parcels has marked an important change in the home delivery market by offering a new express service for goods that are too heavy to be carried by traditional parcel services. The heavy lift ‘two-man’ delivery service will be of particular appeal to retailers who need to deliver popular items such as plasma and LCD TV’s, as well as a whole range of other electrical goods and home appliances. The new service gives retailers and e-retailers the scope to sell a wider range of products for home delivery with the convenience of a single carrier.

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South African Post Office makes R135m profit

Posted by | Sep 25, 2005 | |

The South African Post Office made a 135 million rand profit from trading operations for the financial year ended March 2005 – an improvement of 108 million rand on last year. It was the Post Office’s second year of profitability. Cash generated from operations amounted to 371 million rand.
Newly appointed CEO, Khutso Mampeule said:”Naturally we are excited to announce the ground breaking financial results, especially because there’s a huge improvement from last year’s financial results.”

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Deutsche Post to cut postage rate 0.2 pct from January

Posted by | Sep 25, 2005 | |

Deutsche Post AG is planning to lower its postage rate for letters by 0.2 pct from January next year, chief executive Klaus Zumwinkel told Der Spiegel magazine. He also reiterated Deutsche Post’s intention to defend its position in the sector ‘with all means’ following the liberalisation of the German postal market in early 2008.

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UK Royal Mail staff set to receive 20% stake

Posted by | Sep 25, 2005 | |

Royal Mail’s 200,000 employees are expected to be given a 20 per cent stake in the business in a move that will spark union fears that the organisation is being prepared for privatisation. The issue is likely to provoke a major clash between unions and the Government at this week’s Labour Party conference. A government-commissioned review of Royal Mail, headed by Sir George Bain, is expected to recommend employee ownership when it reports next month. Each employee stands to receive shares worth about Pounds 5,000 if the organisation is valued at Pounds 5 billion -a figure that Allan Leighton, Royal Mail’s chairman, has often quoted. Mr Leighton has also asked for at least 10 per cent of the organisation to be offered to outside investors because he believes that Royal Mail desperately needs external financing. However, if he wins this concession, it would cause a storm with the Communication Workers Union (CWU).
The CWU has also objected to employee share ownership because it fears that the move would create a perception of privatisation.

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NZ Post delivers Govt NZD50m

Posted by | Sep 24, 2005 | |

New Zealand Post has handed the Government a NZD50 million dividend after unveiling a record NZD137.2 million full-year profit yesterday. The result – the strongest in the state-owned postal service provider’s history – was boosted by a one-off NZD78.6 million gain on the sale of its Express Couriers business into a joint venture with Deutsche Post-owned DHL last year. The state-owned enterprise’s full-year profit was a record NZD137.2m. Part of the Government’s dividend included NZD23 million from the sale. Excluding that, its net profit was NZD58.6 million. That was still up NZD22.1 million or 60.5 per cent on last year. Chief executive John Allen said the result was also boosted by the performance of its core Postal Services Group and the maiden profit of its Kiwibank subsidiary this week.

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