Tag: Europe

Portugal CTT sees 180 Mln Euro turnover from Express Mail Service

Posted by | Oct 12, 2005 | |

Portugal’s postal operator CTT-Correios de Portugal projects to generate an annual turnover between 175 mln euro (USD209.6 mln) and 180 mln euro (USD215.6 mln) from its express mail service operations, it was reported on October 11, 2005. CTT express mail service growth is seen in line with the recent purchase of Spanish courier services company Tourline Express, which will be responsible for CTT’s express mail services in Spain. CTT acquired Tourline Express in July 2005 for 27.5 mln euro (USD32.9 mln). Currently CTT and Tourline Express generate some 155 mln euro (USD215.6 mln).

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Spain Correos sees 2006 revenue at 1.971 Bln Euro

Posted by | Oct 12, 2005 | |

Spanish state-run postal services provider Correos y Telegrafos (Correos) eyes a revenue of 1.971 bln euro (USD2.36 bln) in 2006, a 3.1 pct year-on-year increase, the company’s chairman, Jose Damian Santiago, said on October 11, 2005. Income from telegraph and fax services is expected to rise 3.8 pct, revenue from non-postal services is forecast to increase 8.0 pct, revenue from distributing communal services post is seen to rise 12 pct and postal services revenue is forecast to rise 2.9 pct. Correos also forecasts operating costs of 1.812 bln euro (USD2.17 bln). The figure includes the investments planned by the postal services provider, Santiago added. Correos has earmarked investments chiefly in the quality of the postal services provided.

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Swiss Post establishes subsidiary in Sweden

Posted by | Oct 11, 2005 | |

The Swiss postal service group Swiss Post International said on Tuesday (11 October) that it was establishing a subsidiary in Sweden. The new company, SPI Sweden, will strengthen Swiss Post’s position on the Scandinavian market for direct marketing and daily distribution of corporate mail. The new subsidiary will be based on Swiss Post’s former franchise partner Mail & Logistics.

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An Post silent on union claims of delivery delay

Posted by | Oct 11, 2005 | |

An Post last night refused to confirm or deny claims from the Communications Workers’ Union (CWU) that only 71 per cent of post is being delivered the day after posting. Quarterly figures, to be sent to the Communications Regulator (ComReg) by An Post today, will show that the company is falling far short of its target of 94 per cent for next-day deliveries, the CWU claimed yesterday.
The figures for the second quarter of the year had “dropped drastically” from 76 per cent in the first quarter because of the recruitment embargo imposed by the company, CWU spokesman Joe Guinan said. The closure of the manual sorting offices and their replacement with four “automated hubs” had also slowed the service.

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PalletForce grows by 25%

Posted by | Oct 10, 2005 | |

PalletForce plc reported a 25% increase in turnover to (pounds sterling)5.03m for the year ended August 31, 2005, compared with (pounds sterling)4.02m in 2004. The Lichfield-based network’s pre-tax profit rose 7.0% to (pounds sterling)1.25m for the year, compared with (pounds sterling)1.17m in 2004. The directors’ report said: “During the year the company once again made ground within the pallet network market. Members delivered in excess of 1.2 million pallets during the course of the year with an average of nearly 5,000 pallets per night.” It said eight members joined the network during the year and it had 73 members at the year end. An internal share trading scheme was established.

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