Czech courier company Direct Parcel Distribution CZ (DPD CZ) reported a 30 pct year-on-year revenue growth for 2005, mainly due to the two-fold increase in the number of international shipments. The strong performance in 2005 was also a result of the economic upturn in the Czech Republic and the rising exports and imports, company CEO Daniel Mares said. DPD CZ handled nearly 5.0 million shipments, up by 25 pct year-on-year.
Read MoreTNT N.V. today announced that the delisting from the Frankfurt Stock Exchange will be effective 1 June 2006. The last trading day is 31 May 2006. On February 20 2006 TNT announced its intentions to delist from both the London Stock Exchange and the Frankfurt Stock Exchange as costs for these listings are not justified by the low trading volume in TNT shares at both stock exchanges. The delisting from the London Stock Exchange became effective on 21 March 2006.
Read MoreShares in Austrian Post gained 10.0 percent in the first day of trading in an initial public offering (IPO) of 49.0 percent of the business here on Wednesday.
The shares rose to 20.90 euros from an offer price of 19.0 euros. Market experts said that the shares were expected to close above the offer price on Wednesday, despite weakness on world stock markets. The company had said on Tuesday that the issue had been largely oversubscribed. The offer prices was set at the tope of the indicated range of 17.0 and 19.0 euros.
UK Government departments are being told to stop sending letters via the Royal Mail because it does not offer the same value for money as its rivals, despite its huge subsidies. The Government wants to cut GBP30 million from the cost of delivering post and is urging departments and councils to consider using one of the eight private-sector suppliers. The news comes two weeks after the Royal Mail said the Government had given it GBP1.75 billion in emergency help to plug its pension fund deficit and pay for modernisation. The pressure to abandon the Royal Mail is coming from the Office of Government Commerce (OGC), which negotiates business deals on behalf of Whitehall. The man responsible for negotiating with the Royal Mail has told the Treasury Select Committee that the discussions had been “not as fruitful as I would have liked”. Hugh Barrett, the chief executive of OGCbuying.solutions, said: “It is a commercial decision for the Royal Mail to make as to how far they want to lower their prices in response to competition. That is established policy. We are taking advantage of the deregulated market to get the very best deal for taxpayers in that marketplace.”
Read MoreDeutsche Post AG chief executive Klaus Zumwinkel told journalists last night that he has no plans to relinquish majority control of the company’s Postbank AG unit in the mid-term. ‘That holds for the next few years,’ Zumwinkel said at the press dinner. ‘The financial services unit is part of our core business.’
Zumwinkel added that the company gains additional business by having outlets that offer both postal and banking services. As a result, Postbank’s value has risen sharply in the past six years – from 2.0 bln eur to about 9.0 bln eur today.
Nightfreight has secured a renewed 12 month contract with B&Q to continue its two-man home delivery service for the retailer.
Read MorePalletways now has 27 members a week feeding freight into the international service that it launched in January
European development manager John McCormick says the number is growing all the time. The present single-deck trunk to Nijmegn is running at capacity and he predicted that not only a second also a third trunk will be introduced by Easter.
Palletways is considering adding a double-decker, although it will have to meet Dutch height limits.
John Modd, Director, Mail, Triangle Management Services
World Mail Review 2006
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