Tag: Europe

Correos online service increase 64 pct in 2007

Posted by | Aug 11, 2008 | |

The percentage growth includes digital mail, fax and telegram. It said it reinforced the effectiveness and quality of its online services and that online services had seen continual and steady growth since 2004 when online services were first launched in Spain.

Last year the Correos web site saw some 22.788.818 visits (62,435 daily visits, including those of the Virtual Office and those of domestic and business customers). Digital mail saw growth of around 73 pct, the bureaufax Online 66.3 pct, and online telegrams 49.7 pct. Postal franking also saw an increase of 21.6 pct.

Shipments via the Internet grew by 15 pct and online payments increased by a staggering 323 pct. Correos online services allow customers to send money via PC to any destination within the national territory and Andorra with additional cost. Its stamp service has also seen positive growth, with some 700,000 customized stamps sold, popular for the promotion of organisations, fairs, exhibitions, contests, anniversaries, products, etc.

Their web site received an average of 1.9 million monthly visits and the number of registered users increased by more of a third (34 pct). Registered users were 95,832 by the end of 2007. The Virtual Postal Office is available 24 hours a day, 365 days of the year and allows customers to access postal services from home or office. Correos said it was committed to online services as part of its modernisation plans.

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Deutsche Post to expand automatic parcel delivery in deal with Aldi

Posted by | Aug 11, 2008 | |

Deutsche Post World Net AG. is planning to hike the number of its automatic parcel delivery stations in Germany to 2,500 from a current 1,000 by the end of 2009, also using stores of retailer Aldi, Focus reported in an article to be published tomorrow, citing no sources.

The total investment is seen at 20 million to 30 million euros, Focus added, with several hundred stations to be installed in Aldi stores.

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TNT NV 'deal' could trigger antitrust review for UPS

Posted by | Aug 11, 2008 | |

United Parcel Service Inc. (UPS) would likely face antitrust scrutiny on both sides of the Atlantic if its reported interest in Dutch rival TNT NV turns into a fully-fledged deal.

TNT shares rose on weekend media reports of renewed interest from UPS which, like smaller U.S. rival FedEx Corp., has courted the logistics and mail specialist several times in recent years.

Both U.S. companies prize TNT’s express delivery business in Europe and expanding Asian presence to counter a slowdown in their domestic activities.

Adding the 8 pct share of the European Union express delivery market held by UPS to the sector-leading 17 pct held by TNT would reach a level that normally triggers interest from competition officials at the European Commission. FedEx has a market share of just 2 pct in the EU.

Interest from the U.S. rivals has in the past faltered on valuation and the future of TNT’s domestic-focused mail division, which accounted for EUR4.3 billion of its EUR11.5 billion group sales last year.

Scott Davis, UPS chief executive, last month declined comment on any specific interest in TNT, though his remarks on its acquisition priorities indicate the Dutch group remains a potential fit.

TNT Chief Executive Peter Bakker said last month that the company could continue its independent strategy, but UPS was linked with the Dutch group again at the weekend. A report in the London-based Sunday Telegraph that said both sides had hired advisers.
Its shares later declined Monday after a UPS executive told Reuters any deal would hit the U.S. group’s valuation. However, the company said the executive was “misquoted”, and called for a correction.

UPS and TNT both declined official comment on the speculation.

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UPS dismisses TNT bid interest, TNT shares fall

Posted by | Aug 11, 2008 | |

A senior executive of United Parcel Service on Monday dismissed talk of a USD 15 billion takeover bid for Dutch rival TNT as a ‘rumour’, saying an acquisition would devalue its own shares.

The comments pushed TNT shares down by nearly 10 percent on Monday, erasing earlier gains posted after a source familiar with the talks told Reuters the U.S. company was in the early stage of discussions with Europe’s number 2 mail and logistics group.

‘That rumour again?’ Dan Brutto, president of the company’s international business, told Reuters in an interview.

‘I look at that (TNT share price) and said, ‘someone says we’re going to buy something that devalues our shares too at the same time’,’ he said, adding however that acquisitions were not something he oversaw directly.

‘But we always look at different things and try to fit (them) into the puzzle.’ He said UPS hoped to make some Chinese acquisitions.

Earlier on Monday, shares in Europe’s number 2 mail and logistics company gained more than 6 percent after a source told Reuters on Sunday that UPS was in the early stage of discussions with TNT.

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UPS plots bid for TNT

Posted by | Aug 9, 2008 | |

United Parcel Service (UPS) is plotting a EUR 10bn (GB 7.8bn) bid for Dutch rival TNT, a move that could herald the long-awaited consolidation in the global express-delivery business.

UPS has made an informal approach to TNT, its European rival and one of Royal Mail’s biggest competitors in Britain. Despite initial reluctance from TNT, early-stage talks about a potential tie-up have been held in recent days, The Sunday Telegraph has learned.

Soaring fuel costs have hit global courier businesses hard. The share prices of the main firms – UPS and FedEx in American and TNT and DHL in Europe – have suffered in recent months, making consolidation both cheaper and compelling.

UPS, which has a market value of USD 66.24bn and dominates the American delivery market with rival FedEx, has appointed investment bank Morgan Stanley as adviser.

The American company has also brought in strategy consultants AT Kearney to carry out a detailed report on a potential deal with TNT.

Insiders said that AT Kearney has now finished its report and delivered to Morgan Stanley, whose bankers are now spearheading discussions with TNT.

Both UPS and FedEx have eyed TNT’s parcel business for several years but are said to have been put off bidding for the firm because of its slower-growing postal division.

Sources said that UPS’ plans to buy TNT could include selling its postal division, possibly to a private equity buyer. It may instead decide to team up with a buyout firm. It is thought CVC, the European buyout giant, could be interested because it already owns stakes in Belgium postal operator De Post-La Post and Post Danmark, a Danish postal company.

A deal with TNT would deliver to UPS substantial cost savings as well as a vast European reach – something it has been trying to slowly build up in recent years. The company recently forged closer ties to TNT’s main rival, DHL, through its agreement to ferry the Deutsche Post unit’s packages between North American cities.

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