Tag: Domestic

Norway Post: Strong growth in revenue increased costs

Posted by | Oct 29, 2007 | |

Norway Post presented accounts today which show a strong growth in revenue during the first three quarters of the year. At the same time the Group’s costs have increased, contributing to a weakening of the earnings compared with the same period last year.
Norway Post’s operating revenue as at 30 September 2007 was NOK 19.8 billion, compared with NOK 17 billion for the same period in 2006. The 16.4 per cent growth in revenue is mainly due to acquisitions and an increase in the volume of A (priority) and B (economy) mail as well as an increase in sales for the Group’s logistics products.

Earnings before interest and taxes (EBIT) as at 30 September 2007 were NOK 1 035 million, compared with NOK 839 million as at 30 September 2006. Earnings were positively affected by a gain on the sale of property (Norway Post’s letter centre in Oslo) of NOK 625 million in the first quarter.

After adjusting for non-recurring items, the Group achieved earnings of NOK 411 million as at 30 September 2007, compared with NOK 872 million for the same period last year.

The start-up of CityMail in Denmark has also negatively affected the Group’s results.

The extraordinary measures that were implemented after the delivery problems last winter have resulted in good delivery quality levels. An independent report on delivery times shows that Norway Post meets all the six licence requirements by a good margin. In the third quarter, 88.1 per cent of all A (priority) letters were delivered overnight. The licence requirement is 85 per cent.

1.00 USD = 5.35284 NOK

Read More

FedEx Kinko's Opening 2 More Stores in China

Posted by | Oct 26, 2007 | |

FedEx Kinko’s under the wing of the global express delivery giant FedEx announced on October 24 the establishment of two new stores in Shanghai, Eastern China.

The number of its stores in China has been driven up to 17 now. Another nine stores are scheduled to start service before June 2008 in order to meet the increasing needs of small and midsize corporate customers, James Brigance, vice president responsible for FedEx Kinko’s operations in Asia Pacific, disclosed in an interview.

FedEx Kinko’s has been mainly engaged in the provision of package/envelope and office/print services since it marched into the world’s fastest growing economy in 1997.

Previously, it cast its eye mostly to multinationals, acknowledged the vice president. But its target customers have gradually changed with a spate of small and midsize companies in the country.

Currently, FedEx Kinko’s is focusing on small and midsize companies, whose demand is on the surge these days, the vice president noted.

UPS has also attached great importance to small and midsize corporate users. As early as last August, it set up two UPS Express stores in the Far Eastern metropolis of Shanghai, the first of their kind in China.

The stores, with a simplified delivery procedure, have reportedly offered a full range of shipping options for international shipments, including UPS worldwide express plus, UPS worldwide express, UPS 10-kg box delivery services, and UPS 25-kg box delivery services, in addition to professional consulting services.

Read More

Homeserve deals Royal Mail another blow

Posted by | Oct 26, 2007 | |

Homeserve, the emergency policy and repair business, has handed TNT Post its mailing contract, signaling another blow to Royal Mail.

The deal, which will see Homeserve move its business from Royal Mail to TNT, is due to competitive prices and TNT’s clearer view of its business delivery service.

The move will cause another blow to Royal Mail – already in the midst of internal turmoil – as Homeserve is just one of the many businesses that has moved its business out of the postal operator in the past year. Royal Mail lost out to TNT for Emap’s GBP 1.6m subscriptions contract in August and BT’s delivery of The Phone Book contract in April.

The repeated loss of business and necessity to keep up with competition is one of the main reasons why Royal Mail wants to modernise its business, which has resulted in weeks of postal strikes recently.

TNT also handles contracts from customers including Centrica, Lloyds TSB, HBOS and Barclays.

Read More

USPS says California mail delivery returns to normal

Posted by | Oct 26, 2007 | |

San Diego District Manager John E. Platt said today that virtually all residents and businesses in San Diego County can receive mail delivery last Friday 26th October, either from their letter carrier, in their Post Office Box or at temporary Post Offices established for evacuated communities.

Express Mail, Priority Mail and First-Class Mail started to be delivered as usual. Customers are requested to pick up their mail daily, including from their Post Office Boxes, as volumes will be heavy for a few days.

“Thanks to the tremendous efforts of our management staff, our employees and with the support of our labor organizations, we are pleased that mail delivery and Postal Service operations in virtually all locations have returned to normal today, just four delivery days after feeling the impact of Southern California’s most devastating wildfires,” said Platt.

Read More

FedEx cuts China domestic express rates in half

Posted by | Oct 25, 2007 | |

FedEx has cut its domestic express delivery charges in China by half from October 15, Xinhua reported.

After the price reduction which is applicable to Beijing, Shanghai, Guangzhou, Shenzhen and Dongguan, FedEx’s rates are lowered to the same level as the state-owned China Post’s EMS service (Express Mail Service).

For example, the charge for FedEx’s next morning delivery from Beijing to Shanghai which used to be CNY135.00 (USD17.97) is now CNY60.

The starting price for EMS’ next morning delivery is CNY 60. At present, most of the private express providers in China are not able to offer time-definite service, the report added.

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