Tag: Europe

Amtrak’s new weightlifters boost home delivery services

Posted by | Sep 26, 2005 | |

Amtrak Express Parcels has marked an important change in the home delivery market by offering a new express service for goods that are too heavy to be carried by traditional parcel services. The heavy lift ‘two-man’ delivery service will be of particular appeal to retailers who need to deliver popular items such as plasma and LCD TV’s, as well as a whole range of other electrical goods and home appliances. The new service gives retailers and e-retailers the scope to sell a wider range of products for home delivery with the convenience of a single carrier.

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South African Post Office makes R135m profit

Posted by | Sep 25, 2005 | |

The South African Post Office made a 135 million rand profit from trading operations for the financial year ended March 2005 – an improvement of 108 million rand on last year. It was the Post Office’s second year of profitability. Cash generated from operations amounted to 371 million rand.
Newly appointed CEO, Khutso Mampeule said:”Naturally we are excited to announce the ground breaking financial results, especially because there’s a huge improvement from last year’s financial results.”

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Deutsche Post to cut postage rate 0.2 pct from January

Posted by | Sep 25, 2005 | |

Deutsche Post AG is planning to lower its postage rate for letters by 0.2 pct from January next year, chief executive Klaus Zumwinkel told Der Spiegel magazine. He also reiterated Deutsche Post’s intention to defend its position in the sector ‘with all means’ following the liberalisation of the German postal market in early 2008.

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UK Royal Mail staff set to receive 20% stake

Posted by | Sep 25, 2005 | |

Royal Mail’s 200,000 employees are expected to be given a 20 per cent stake in the business in a move that will spark union fears that the organisation is being prepared for privatisation. The issue is likely to provoke a major clash between unions and the Government at this week’s Labour Party conference. A government-commissioned review of Royal Mail, headed by Sir George Bain, is expected to recommend employee ownership when it reports next month. Each employee stands to receive shares worth about Pounds 5,000 if the organisation is valued at Pounds 5 billion -a figure that Allan Leighton, Royal Mail’s chairman, has often quoted. Mr Leighton has also asked for at least 10 per cent of the organisation to be offered to outside investors because he believes that Royal Mail desperately needs external financing. However, if he wins this concession, it would cause a storm with the Communication Workers Union (CWU).
The CWU has also objected to employee share ownership because it fears that the move would create a perception of privatisation.

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TNT says it finds evidence of illegal acts in tax

Posted by | Sep 23, 2005 | |

TNT NV said it has found evidence past tax transactions were handled illegally, sending the shares down as much as 8.1 percent, the most in four years. The company, based in the Dutch city of Hoofddorp, is probing tax matters in the UK as well as the tax position of some non-UK subsidiaries, TNT said a statement on its Web site. TNT spokeswoman Daphne Andriesse declined to give further details. TNT, which employs 161,000 people and delivers packages around the world, in March last year took a charge of 59 million euros (USD72 million) for underestimating UK tax liabilities. TNT may face tax claims of as much as 400 million euros, including interest and possible fines, Dutch daily De Telegraaf reported, without saying where it got the information.

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