Year: 2005

UK DX postal chief quits after strategy row

Posted by | Aug 17, 2005 | |

The chief executive of the business-to-business postal group DX Services has resigned following what is understood to have been a disagreement about the group’s strategy ahead of the liberalisation of the British letters market at the beginning of next year. Peter Brougham, whose salary is pounds 243,000 a year, will stay on in his role until a successor is appointed. DX, which was founded in 1975, was demerged from its former parent, Hays plc, late last year when it was listed on the London market. Yesterday, DX’s chairman, John Maxwell, said: “Peter successfully demerged the business out of Hays, stabilised revenues and profits and established the business as an independent company. In accepting Peter’s notice, the board has the opportunity to review and agree the strategies for growth presented by the deregulating postal market.”

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UPS orders eight Boeing 747-400 freighters

Posted by | Aug 17, 2005 | |

As part of its on-going effort to accommodate strong international volume growth, UPS today announced a firm order for eight new Boeing 747-400 freighters from Boeing Co. Terms of the deal were not disclosed. Deliveries of the 747-400’s will begin in June 2007 and run through 2008. UPS has selected General Electric to provide engines for the new aircraft. “These Boeing 747-400 freighters will allow UPS to smoothly increase capacity on its most important international ‘trunk’ routes connecting Asia, Europe and North America,” said Bob Lekites, UPS vice president of airline and international operations.

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Irish An Post to set up new banking service by January

Posted by | Aug 17, 2005 | |

An Post expects its new financial and banking service to be ready by January, with the new entity to offer bank accounts, savings products and insurance services. According to a new document circulated by the company, potential partners for the project will submit proposals to An Post on September 9th. Following evaluation, a partner will be selected in the autumn and a joint venture agreement will be concluded in January to set up the new service. An Post said its new “virtual bank” would operate through the post office network. This would represent its contribution to the joint venture, with the partner coming up with the products.

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Amtrak acquires Nightspeed

Posted by | Aug 16, 2005 | |

Amtrak Express Parcels Ltd has today announced that it has acquired the business and assets of Nightspeed Services Ltd for an undisclosed sum. Nightspeed has been experiencing financial difficulties in recent months and went into administration earlier today. Amtrak had been in discussion with Nightspeed as one of a number of acquisition targets and was able to move quickly to bring certainty to the company and over 900 staff.

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UK Royal Mail could be broken up in plan by regulator

Posted by | Aug 15, 2005 | |

Royal Mail could be broken up in one of the biggest shake-ups in its 300-year history, under plans being considered by the industry regulator. The Times has learnt that Postcomm is considering whether customers would be better served by splitting Royal Mail into two or more parts. A break-up would separate its big mail centres and delivery activities from the Post Office branch network and other retail operations. Postcomm is calculating the benefits of a split and aims to consult consumers, industry and Royal Mail itself in the new year. The regulator is concerned that Royal Mail is charging rivals too much to use its infrastructure, which is hampering competition in the postal market. It also wants more transparency in Royal Mail’s functions. The plans are being discussed as Royal Mail is braced for the opening of competition throughout the postal market in January.

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Indian postal dept revamps network

Posted by | Aug 15, 2005 | |

Faced with a huge budgetary deficit, the Department of Post has rejigged its postal network, affecting nearly 400 loss-making post offices across the country
While 30 post offices have been closed, 172 have been merged with a bigger post office. Another 123 offices have been downgraded and 56 have been relocated to more lucrative areas. “The move is in line with the 10th Five Year Plan that requires the department to rationalise its network and optimise its resources with a view to achieving financial self-sufficiency while continuing to fulfil its universal services obligation,” said a Ministry of Communication official
Though the number of post offices restructured is very small compared to the base of 1.55 lakh post offices in the country, the postal department has taken a decision to merge or relocate more such post offices.

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Irish An Post on the brink of securing productivity deal with employees

Posted by | Aug 14, 2005 | |

An Post is on the brink of a new productivity deal that will secure major savings in the company’s E38 million yearly overtime burden. An Post’s collection and delivery staff have been offered a 4 per cent productivity allowance and an increase in pay scales to be allocated as savings are achieved, in return for accepting flexible work practices, according to the deal seen by The Sunday Business Post. A 2.4 per cent pay increase would be introduced after 12 months provided that 46 per cent of savings are achieved, while a further 4.2 per cent would kick in after 24 months when a target 90 per cent of savings are achieved. Considerable progress has been made by the Labour Court in resolving a bitter dispute over An Post’s cost-cutting strategy and the non-delivery of pay increases due under national wage deal.

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