Year: 2005

FedEx First to launch overnight delivery from India to China

Posted by | Sep 7, 2005 | |

FedEx Express today announced the launch of a new flight offering the first overnight express link between India and China. The flight is part of a new eastbound around the world route–connecting Europe, India, China and Japan with the FedEx U.S. hub in Memphis–that will provide unprecedented access to and from the world’s largest markets. Using a wide-bodied MD-11 freighter, FedEx will double its current capacity between Europe and Asia with the addition of 850,000 pounds per week. “This new route will relieve mounting capacity constraints for international express service across Europe to Asia, especially the two powerhouse economies of India and China,” said Michael L. Ducker, executive vice president-international, FedEx Express. “Furthermore, it is another ‘FedEx first’ as we provide the industry’s first overnight express link between India and China. Our service from Delhi to Shanghai will benefit our customers, whose business is fueling this USD14 billion trade route.”

Read More

Blow for Irish An Post as CWU rejects plan

Posted by | Sep 6, 2005 | |

An Post was dealt a major setback last night when the main union rejected proposals that management hoped would restore the company’s financial fortunes. The Communication Workers Union (CWU), said it could not accept a set of Labour Court proposals issued back in mid-July relating to the postal company’s collection and delivery system. The union’s general secretary, Steve Fitzpatrick said this “unnecessarily divisive cumbersome deal is a bridge too far for our membership in its current form”. An Post said it was disappointed with the CWU response to the proposals.

Read More

Exel to open books as Deutsche Post prepares for bid

Posted by | Sep 6, 2005 | |

Exel agreed to open its books to Deutsche Post yesterday to allow the German postal group to conduct limited due diligence ahead of a potential Pounds 3.8bn bid for its UK rival. The decision follows discussions over the weekend between the two companies, which resulted in Deutsche Post making a preliminary takeover proposal. The German group is understood to be offering a mix of cash and paper, with up to 30 per cent made up of shares, according to people close to the situation. The value of the bid is slightly more than Pounds 12 a share. Exel’s closing share price yesterday was Pounds 11.85. Deutsche Post aims to make an announcement on an agreed deal in one to two weeks. It is proposing cost synergies of Pounds 200m and has offered John Allan, Exel chief executive, a seat on its management board. Mr Allan would head the combined logistics division, replacing Frank Appel, current head of logistics, who is seen as the likely successor to Klaus Zumwinkel, Deutsche Post’s long-serving chief executive.

Read More

GLS Ireland opens Parcel Shops in all depots

Posted by | Sep 6, 2005 | |

GLS Ireland is offering more service and customer proximity with a totally new product range: beginning immediately, private and commercial customers with sporadic shipments can hand in their parcels at one of the six GLS Ireland Depots.

Read More

German Rhenus quashes Red Parcel stake talk

Posted by | Sep 5, 2005 | |

German logistics company Rhenus has denied reports that it might be close to acquiring a 25% stake in domestic parcel service newcomer Red Parcel Post. The new company is searching for investors in order to take up operations by 2007. Former Deutsche Post board member Dieter Seegers-Kr’ckeberg is said to be behind Red Parcel Post. Rumours of a 25% stake were pure invention and Rhenus would not ‘comment further on such rumours’, a spokesman said. The reports come at a time when Rhenus chief executive Hermann Niehues has signalled his willingness to buy into new companies.

Read More

Austrian Government to change Postal Law for privatization, IPO

Posted by | Sep 5, 2005 | |

The Austrian government is planning to change the postal law to enable that Austria’s state postal service, Oesterreichische Post AG, can operate competitively in a liberalized postal market, Carl Ferrari-Brunnenfeld, spokesman of the infrastructure minister said Monday. “This is a necessary first step to make Austria’s postal service competitive and to enable the privatization or a possible public offering in due course,” Ferrari-Brunnenfeld, told Dow Jones Newswires. The change of the postal law will be discussed in the cabinet meeting Tuesday, he said. A possible public offering isn’t planned before spring 2006, he added.

Read More

Royal Mail set to ‘lose a third’ of its market when letter monopoly ends

Posted by | Sep 4, 2005 | |

The Royal Mail is to face a three-way battle for customers and will lose up to a third of its revenues, one of its main rivals is predicting. Peter Bakker, the chief executive of Dutch post and logistics group TNT, says he expects at least two serious rivals to emerge to Royal Mail when its monopoly on letter delivery ends next year. Each, says Mr Bakker, will take 10 to 15 per cent of Royal Mail’s business. He was speaking as another of the expected challengers to Royal Mail, Deutsche Post, was revealed as the suitor of Exel Logistics, the UK delivery group. Both Deutsche Post and TNT are already making inroads into the UK postal market, though mostly in what is known as the ‘access’ area. This is where post is collected from business clients, scanned and sent to regional centres, where it is then passed to the Royal Mail for sorting and delivery.
Mr Bakker said his group soon hopes to be in the ‘consolidation’ area, where TNT will sort mail but Royal Mail staff still deliver. It is installing high-tech sorting equipment in its 69 regional hubs in the next few months.

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