Tag: Deutsche Post

TNT to ask for delay of Dutch postal liberalisation

Posted by | Nov 30, 2007 | |

TNT said it will ask the Dutch parliament to delay liberalisation of the country’s postal market, set for Jan. 1, as a proposed deal on minimum postal wages in Germany would rule out a level playing field in Europe.

“We want to make clear to parliament that there is no level playing field. It is an implicit call to pull the emergency break,” a TNT spokesman said on Friday, referring to a condition in the Dutch postal liberalisation law that allows for possible implementation later.

The Dutch postal law would end TNT’s monopoly on delivering letters of up to 50 grams and is part of a European Union effort to liberalise mail services.

But a wage agreement proposed in Germany would result in higher costs for TNT, making it difficult for TNT’s nascent operations in Germany to become profitable.

TNT competes in the Netherlands with privately held Sandd and Deutsche Post’s Selekt Mail.

Shares in Deutsche Post were up 2.5 percent at 23.29 euros as traders said a German minimum wage would limit market share losses for Deutsche Post in Germany.

German services union Verdi and the postal employers’ association have agreed on a new formula for their wage contract which could open the way to a deal on a minimum wage in the sector, the union said on last Thursday 29th November.

Read More

Deutsche Post transports carbon-neutral mail

Posted by | Nov 30, 2007 | |

Deutsche Post now offers private customers the option of sending carbon-neutral mail. From December 1, 2007, PLUSBRIEF mail will be sent carbon-neutral, at no extra cost for private customers. The PLUSBRIEF product comprises an envelope with its own printed special stamp and is available in practical sets. With the new GOGREEN Service all CO 2 emissions produced during the transport of PLUSBRIEF products will be offset by means of in-house measures or through external projects. Carbon-neutral PLUSBRIEF sets are available at 13,500 Deutsche Post retail outlets or online either at: www.deutschepost.de/efiliale or www.plusbrief.de. In future the PLUSBRIEF sets will carry the GOGREEN logo, too.

The PLUSBRIEF GOGREEN sets are the latest innovation within the CO 2 -neutral GOGREEN product family. Since 2006 private customers have had the option of sending PLUSPÄCKCHEN products CO 2 -neutral by using the additional GOGREEN service. Also, private customers can send parcels CO 2 -neutral by using the online franking service. This service has been available to business customers since 2005 for shipments anywhere in Europe.

Within the Group too Deutsche Post is working hard to improve its environmental record still further. With the implementation of an environmental management system for mail and parcels, a whole series of measures have been launched which will all help dramatically lower CO 2 emissions during transport and reduce power and heating consumption as well as waste. Certification of the group’s integrated quality and environmental management system to DIN EN ISO 9001 and 14001 is scheduled for July 2008.

Read More

TNT gains most in two years on speculation about market opening

Posted by | Nov 30, 2007 | |

TNT NV, Europe’s second-biggest express-delivery company, rose the most in two years in Amsterdam trading following speculation the Dutch government may delay plans to open its mail market.

TNT shares rose as much as 1.24 euros, or 4.6 percent, to 28.10 euros, the biggest increase since Dec. 6, 2005, and were up 4.2 percent as of 11:51 a.m. The stock has fallen 14 percent this year.

An agreement reached by Germany’s coalition government to introduce a minimum wage for postal workers means the Dutch government may “pull the ’emergency brake’ on its market liberalization,” Andrew Beh, an analyst at Bear Stearns in London, said in a note to investors today.

TNT is scheduled to lose its monopoly on mail delivery in the Netherlands starting in January under measures approved by the country’s parliament in June. The opening is tied to a “level playing field” in Europe, which means it may be suspended if other European countries take measures that could hurt competition.

A suspension of the Dutch market opening would remove any “immediate” threat to the company’s mail volumes and earnings before interest and taxes at the mail business, JP Morgan analyst Damian Brewer said in a separate note to investors.

European Union governments agreed on Oct. 1 to require member countries to open up their letter-delivery markets to competition no later than 2011. Eleven of the EU’s 27 member states don’t have to liberalize their markets until 2013.

Standard letters are two-thirds of the EU’s 88 billion-euro postal market and offer twice the profit margin of packages and express mail, according to the European Commission, the Brussels-based EU executive arm.

Read More

Germany inches towards postal sector minimum wage

Posted by | Nov 29, 2007 | |

German services union Verdi and the postal employers’ association have agreed on a new formula for their wage contract which could open the way to a deal on a minimum wage in the sector, the union said on Thursday.

Chancellor Angela Merkel’s conservatives and the Social Democrats (SPD), who rule in an uneasy coalition, have been arguing about the possible introduction of a legally binding minimum wage for the sector for months.

A spokeswoman for Verdi said the new version of the wage contract would apply to companies that “predominantly” transport letters.

The formulation is a response to worries from Merkel’s conservatives that Deutsche Post’s competitors, who pay lower wages, could be hit if a minimum wage of between 8 and 9.8 euros was brought in for the whole sector, as the SPD wants.

If the two parties can agree, the wage could come into effect when Deutsche Post’s monopoly ends at the start of next year.

Verdi’s pay commission still has to approve the proposal.

The two parties have been wrangling for months over which employees a minimum wage should apply to and whether that would amount to half of the number of employees in the sector.

Deutsche Post’s competitors, who include Dutch mail company TNT, have said the suggested minimum wage is too high.

Read More

Poste Italiane valued at 14-15 Billion Euros

Posted by | Nov 28, 2007 | |

Italy’s postal service Poste Italiane has been valued by investment banks at between 14 billion to 15 billion euros (USD 20.62- USD 22.09 billion) and is ready for a public offering as soon as the government decides to launch it, its CEO said. State-owned Poste Italiane, one of Italy’s largest non-publicly traded companies, has boosted profitability and revenue in recent years by expanding outside the mail business into more lucrative segments such as financial services. Poste Italiane has been considered among the assets Italy’s centre-left government could sell to lower public debt. Sarmi has previously said he prefers a two-phase listing similar to that of Germany’s Deutsche Post, where the whole group went public first before its banking unit was listed.

An IPO of Poste Italiane could be launched at anytime, but there was little to suggest it was imminent, he said. “Up to now, I do not see at the horizon line anything special that is moving,” he said. “It’s a political issue. In terms of technical aspects, I think we’re ready – profitability, all the functionalities, (reporting) under accounting standards. All that’s needed for becoming public are ready.” A couple of investment banks had valued the company at between 14 billion to 15 billion euros, he said. Prime Minister Romano Prodi’s government is in the midst of trying to privatize national airline Alitalia and has also said it will sell part of ship builder Fincantieri to the public.

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