Tag: Domestic

UPS expresses interest in Deutsche Post

Rumors are rife that UPS and private-equity firm Apax Partners Worldwide may bid for a stake in Deutsche Post.

The operator’s share value rose on the back of the speculation and 2Q results. “Deutsche Post are boosted by the rumor Apax and UPS might bid 28 euros a share for about 30 per cent in the company,” said Thomas Nagel, a trader at Equinet AG in Frankfurt.

2Q profit rose 13 per cent as the DHL express division increased package volumes in Asia and earned more per shipment in the US.

Net income rose to 285 million euros, from 252 million euros, or 21 cents, a year earlier.

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Corrective measures to rectify postal service shortcomings

Shortcomings at the top management level in the postal service has led to several irregularities. Corrective measures will be taken immediately after submission of the Committee Report, Posts and Telecommunications Minister Rauff Hakeem said yesterday.

Hakeem revealed this to representatives of trade unions attached to the Postal Department during discussions to enlighten them on matters of the interim committee report which probed into the alleged corruption and irregularities at the Postal Department.

The committee which probed into the allegations repeatedly put forward by the trade unions carried out its investigations based on 22 counts and submitted its findings on 10 special matters of grave nature.

Hakeem said both short term and long term steps were needed to be taken to rectify these shortcomings. He instructed the Ministry secretary to attend to these matters.

The Minister also dealt with matters on business posts and said a long term plan was needed to be introduced into this field and said it required Treasury approval. He said he would contemplate on introducing modern technology to make this service efficient with Treasury provisions. Ministry Secretary W.M. Piyasena, Ministry officials and trade union representatives were associated with the Minister at this meeting.

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Estonian post endorses list of post offices to be closed

Supervisory board of Eesti Post (Estonian Post) Friday endorsed the list of 44 post offices to be closed as of November 1.

“The decision on the closure is naturally unpopular but Eesti Post must achieve sustainability and prepare for 2009 when the post market opens,” said Meelis Atonen, chairman of the supervisory board.

He said the discussion was tense and strained but the supervisory board fully supported the present management’s plan of reforms.

Closure of the post offices is part of Eesti Post’s austerity program. The mail company has 540 post offices at present.

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DHL to seal ties with India Post

Deutsche Post is looking at developing a strategic partnership with the Indian postal system.

Through this venture, both postal authorities are aiming at strengthening their global business operations. The entities are in early stages of discussions to ascertain specific segments, like last mile delivery, sharing infrastructural facility & technological innovations in which they could strike a partnership and initiate operations.

According to sources close to the development, with this strategic partnership, DHL will leverage India Post’s vast infrastructural facility, almost 150,00 post offices spread all over India, for their last mile delivery operations and increasing its market penetration. India Post, on the other hand, will be looking at benefiting from the superior technical expertise of DHL in handling logistics operations. The final structure of the relationship, though, is yet to be finalized.

DHL, along with its 81 pct stake in the Indian air express company Blue Dart, already has a huge footprint in India in the express logistics and freight forwarding segment, though, limited to semi-urban and urban areas.

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New ‘high speed’ In-bound European Logistics Service from Business Direct

Business Direct Group plc. has set up a subsidiary company in Germany in advance of the launch of a dedicated inbound European ‘high speed’ through the night logistics service into the UK.
Business Direct GmbH has already opened an office at the local airport Niederrhein Weeze on the Dutch-German border for the 5 times a week nightly air bridge service into Coventry airport in the UK. Negotiations are at an advanced stage for a dedicated charter aircraft ready for the launch of the new service that cannot be achieved using scheduled services.
The new ‘high speed’ through the night service offers, computer, electronics and materials handling manufacturers with European-based distribution centers very late cut off times of 8pm for pick up and delivery into the UK before 8am the next morning. Niederrhein has been chosen as the European hub of this new through the night service as its location is near several hundred major distribution centres in Holland and North Western Germany and provides a straightforward collection opportunity.
Business Direct’s inbound European air service provides a completely seamless service linking directly in to its national network of over 300 Parcel Exchange facilities throughout the UK, in-boot service and next day technical courier services or direct into the manufacturer’s parts dealerships.
The other major advantage of this through the night service is that it will enable major suppliers of spare parts into the UK from central stocks in Europe to eliminate the need to hold stocks in the UK and therefore significantly reduce inventory, warehousing and distribution costs.

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