Tag: Courier/Express/Parcels

TNT and Hongkong Post join forces to tap Indian market

Posted by | Nov 12, 2007 | |

TNT has signed a strategic partnership agreement to provide express services in India with Hongkong Post, the postal service provider in Hong Kong. The companies are also likely to tap into the emerging markets in the Middle East in the next couple of years.

The companies will together provide the Speedpost FreightPlus service, which enables Hongkong Post to deliver items to India in two to three days instead of five to six days as in the past. Shipments can also be handled in multiple pieces under one consignment, leading to greater flexibility.

Under the partnership agreement, Hongkong Post will provide collection and customer services for items to be delivered overseas by express. TNT will collect the items to be delivered to India. The items would be delivered through the Indian logistics company Speedage, which has an established network in India and was acquired by TNT in 2006. Hongkong Post will provide customer service support and manage item tracking and tracing requests.

TNT and Hongkong Post is also considering co-branding initiatives to provide time-definite and premium services for existing customers.

Read More

TNT to leave German market?

Posted by | Nov 10, 2007 | |

TNT NV is mulling whether to turn its back on the German postal market, its Chief Financial Officer Peter Bakker said in a letter to German Chancellor Angela Merkel.

The letter was reported on Saturday by Dutch media, including Het Financieele Dagblad, and confirmed by a TNT spokesman.

Bakker told Merkel in the letter that he strongly opposes plans for high minimum wages and the beneficial tax status for Deutsche Post, a TNT spokesman said.

“If this situation becomes reality we will reconsider our position, which could include leaving the country,” Bakker was quoted as saying by the spokesman.

Dutch Prime Minister Jan Peter Balkenende and Finance Minister Wouter Bos also received a copy of the letter as well as Junior Economy Minister Frank Heemskerk, who is responsible within the government for postal liberalisation.

Investors have closely followed the liberalisation process in the Netherlands as it affects the Dutch mail business, one of TNT’s most profitable units.

The Dutch parliament had approved the new postal law, which is due to end TNT’s remaining monopoly in the Netherlands from January 2008.

It includes a emergency procedure that allows the Economy Ministery to delay the liberalisation if other European countries and particularly Germany do not fully liberalise their markets at the same time.

A spokesman for the Economy Ministry said he had not seen Bakker’s letter yet and that the government was still aiming to introduce the new postal law on Jan. 1 next year.

Read More

UPS Announces 2008 Rates

Posted by | Nov 9, 2007 | |

UPS announced new list rates for 2008, including an average 4.9 percent increase for UPS Ground and Ground Hundredweight shipments and a net average increase of 4.9 percent on all air express and U.S. origin International shipments.

The increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction in the current fuel surcharge. Updated rate and service information will be posted on ups.com/rates beginning Nov. 16, and customers can preview UPS Ground, Air and International express rates. On Dec. 31, customers can download the 2008 Rate and Service Guide.

The new rates will take effect on Dec. 31, 2007.

Read More

UPS board names new Director

Posted by | Nov 8, 2007 | |

Rudy Markham, the recently retired Chief Financial Officer of Unilever, today was named to the Board of Directors of UPS.

Markham, 61, will serve on the Board until the next UPS annual shareowners’ meeting in May 2008, at which time he is expected to stand for election to a regular one-year term. After his appointment, Markham was named to the Audit Committee during a regularly scheduled Board meeting here.

In other business, the Board declared a regular quarterly dividend of USD 0.42 per share on all outstanding Class A and Class B shares. The dividend is payable Jan. 3, 2008, to shareholders of record on Nov. 19, 2007. UPS has either increased or maintained its dividend every year for more than three decades.

Read More

Deutsche Post World Net: Business on track in 2007

Posted by | Nov 8, 2007 | |

Deutsche Post World Net completed the first nine months of the year according to plan. Once again, all divisions contributed to the 5.3 percent increase in revenue to 46.5 billion euros. At 2.5 billion euros, EBIT was slightly below last year’s level, which included non-recurring gains totaling 375 million euros. Excluding these non-recurring gains, the underlying EBIT rose about 10 percent. The strongest earnings growth was achieved by the LOGISTICS and EXPRESS divisions.

“The first nine months of the year were right on target,” Chairman and Chief Executive Officer Klaus Zumwinkel said at a press conference in Frankfurt. “We succeeded in our efforts to further increase the profitability of the EXPRESS business; and the LOGISTICS division has also made positive strides in terms of growth and new customers.” In addition to that, FINANCIAL SERVICES with Deutsche Postbank had a strong quarter and recorded a substantial increase in profit despite the turbulences in the financial markets.

All in all, Deutsche Post World Net now expects EBIT excluding non-recurring effects of around 3.7 billion euros for the full year of 2007, slightly more than the at least 3.6 billion euros forecast earlier. Therefore, the management board will propose to raise the dividend for 2007 by 20 percent to 90 cents per share from 75 cents per share.

As part of its capital markets program also presented today, Deutsche Post World Net plans to change the way it will report its business prospects in the future. Deutsche Post World Net will communicate specific earnings targets for the following year.For 2008, the Group expects EBIT to rise 14 percent to around 4.2 billion euros.

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