Tag: Europe

Search begins for successor to Royal Mail chief (UK)

Posted by | Sep 22, 2008 | |

The government has begun a search for a successor to Allan Leighton, the Chairman of the Royal Mail, who will step down from his post after seven years when his term expires next March.

Mr Leighton, Royal Mail’s longest-serving Chairman, took up the position at the state-owned group in March 2002, having joined the organisation as a non-executive director in 2001.

Mr Leighton believes the group is now in a strong position to recruit a new Chairman. Significantly, the Hooper Report on the future of the postal services market, by Richard Hooper, the former telecoms regulator, is due to be published next month. The report will examine the degree to which private capital should be involved in the service.

The government extended Mr Leighton’s tenure last year, ending a search for his successor after a number of unsuccessful approaches to several businessmen, including Sir Philip Hampton, the Chairman of J Sainsbury.

Industry sources said Mr Leighton, who has a reputation as a turnaround specialist, is likely to want to do one more “big job”. They said he had already fielded some offers.

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Gavin Macrae appointed Director of Market Development (UK)

Posted by | Sep 19, 2008 | |

Gavin Macrae has been appointed Director of Market Development at Postcomm, the postal services regulator. He will report to the newly appointed Chief Executive, Tim Brown.

Gavin joins us from Royal Mail Letters where he was Director of Product Marketing. He has more than 22 years experience of working in a variety of operational and commercial roles within Royal Mail Group, including leading on new product development and innovation.

Mr Macrae joins Postcomm on 20 October 2008.

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Post Office UK: Non-liners miss out on GBP 4.5 billion savings per year

Posted by | Sep 18, 2008 | |

Families with broadband can save GBP 70 per month through online access to cheaper household goods and services, according to new research from the Post Office. Those who are online paint a picture of a ‘broad-bound’ society as 96 per cent consider internet access to be a lifestyle necessity they could not live without.

Yet one third of UK households are missing out on these savings, and the wider benefits, because they are still not online. A total of almost GBP 4.5 billion of potential savings are being missed by non-web users each year, in what is a worrying effect of a deepening digital exclusion.

Broadband in the Home: An Analysis of the Financial Costs and Benefits was commissioned by Post Office Telecoms to calculate, for the first time, the financial impact of the UK’s digital divide. Fear of the initial expense of getting a PC and internet connection, or fear of online fraud, is actually deepening the digital divide amongst those who could stand to benefit most from getting online.

One year on from the launch of its broadband service, this research will inform the Post Office’s continuing work to get the digitally excluded online by improving accessibility and transparency.

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FedEx Corp. reports first quarter earnings

Posted by | Sep 18, 2008 | |

FedEx Corp. reported earnings of USD 1.23 per diluted share for the first quarter ended August 31, compared to USD 1.58 per diluted share a year ago.
FedEx Corp. reported the following consolidated results for the first quarter:
• Revenue of USD 9.97 billion, up 8pct from USD 9.20 billion a year ago
• Operating income of USD 630 million, down 23pct from USD 814 million last year
• Operating margin of 6.3pct , down from 8.8pct the previous year
• Net income of USD 384 million, down 22pct from last year’s USD 494 million
Total combined average daily package volume in the FedEx Express and FedEx Ground segments grew 1pct year over year for the quarter. Growth in ground, FedEx SmartPost and international domestic express shipments was substantially offset by a continued decline in U.S. domestic express shipments.
Operating results declined, as strong cost management actions were more than offset by global economic weakness, higher fuel prices and the related negative effects of higher fuel surcharges. One fewer operating day at each of the transportation segments also negatively affected results. While fuel prices decreased from historic highs late in the quarter, the average price of jet fuel was up 77pct year over year.

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DHL Qatar unveils 24-hour service to India

Posted by | Sep 18, 2008 | |

DHL Express recently launched the “India Next Day” service, the first of its kind in Qatar, delivering shipments, to and from, three destinations in India within 24 hours.
“India Next Day” is a service offering in Qatar, utilising the diversified product portfolio of DHL to deliver packages to Mumbai, New Delhi and Chennai. The improved services cut lead times and shipment efficiency for individual and corporate clients requiring urgent express delivery.
According to the Federation of the Indian Export Organisations, there are five million Indians living and working in the GCC. In Qatar alone, Indians account for more than 18 per cent of the total population of the country. India’s total trade with GCC countries has witnessed a fourfold increase in the last five years.

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