Tag: Europe

Earth Class Mail Enables Digital Deposit of Paper Checks Received in Postal Mail

Posted by | Jul 30, 2008 | |

Earth Class Mail Corp. announced that its customers now have the ability to deposit paper checks received in their Earth Class Mail accounts directly into their bank accounts in a single step. Depositing checks online without handling any paper mail and deposit slips saves time and energy that would have been expended in trips to the bank or the post office, and prevents the loss of earned interest from checks that can sit for days or even weeks in a traditional mailbox or PO Box before being collected and processed.

The check deposit feature will initially be available only to holders of eligible Wells Fargo business banking accounts. Earth Class Mail plans to integrate with other major banks in the near future. Used in conjunction with the Earth Class Mail online postal-mail delivery service, this new feature gives small businesses the same capabilities that larger institutions have had for years under the Check Clearing for the 21st Century Act (“Check 21”), a law in effect since 2004 that enables banks to receive checks in digital form for secure and immediate deposit into customers’ bank accounts.

The new check deposit feature is expected to be most popular with online retailers, outsource accounting firms, law firms, medical offices, and a variety of other small businesses both domestic and abroad. Customers who wish to use the check deposit feature must either obtain or already have an account with a participating bank.

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SkyPostal Networks, Inc. Announces the Election of Four New Directors

Posted by | Jul 30, 2008 | |

SkyPostal Networks, Inc. announced the election of four new members of the board of directors at its recent shareholders meeting. Mathijs van Houweninge, Florian M. Schuhbauer, and Jose Misrahi will join the recent addition of S. David Fineman as Independent Directors. Christian J. Weber will serve as the Director Europe Sales and Service.

“We are proud to welcome our new independent directors to the SkyPostal board. Their experience and professional expertise are well suited to benefit SkyPostal in its growth strategy thru postal industry consolidation,“ said Albert P. Hernandez, SkyPostal’s President and CEO. “We have sought to assemble a working board of experienced postal and financial executives, who can direct the company in its mission to become a major player in the emerging private postal industry.”

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GLS opens new depot in Netherlands

Posted by | Jul 29, 2008 | |

GLS opened a new depot in Alkmaar, Netherlands, replacing its smaller facility.

The new EUR 250,000 depot with 34 staff has the capacity to handle up to 8,000 parcels per day. It is located on a 3,800 sqm plot of land and has 38 docks for vehicles.

Due to the company’s high performance and safety requirements, the reserves of the old facility were exhausted, GLS said. Last year the parcel volumes of GLS Netherlands increased by 5 pct.

“As a start we currently handle 4,000 parcels per day”, says Milo Kars, Director Sales and Operations, GLS Netherlands. “Since we can extend the shipment volumes without difficulty anytime, we will have enough leeway upwards considering our continuing positive development.”

The company invested in a state-of-the-art security system and video surveillance equipment. A total of 30 cameras control all shipments on their way through the depot connecting the recordings with barcode scanning data. “Parcel handling in Alkmaar is not only faster but also safer”, comments Kars. “We can trace back each individual shipment in a reliable way.”

GLS Netherlands said that the new location close to the motorway will benefit customers throughout the region.

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City Link begins company turnaround

Posted by | Jul 29, 2008 | |

City Link has reported a “positive impact” on service performance following the implementation of its seven-point recovery plan highlighted in its pre-close trading statement.

The company posted an operating loss of GBP 16.9 million on 2nd May for the first quarter of 2008, compared to a profit of GBP 9.3 million the previous year, owing to the difficulties it experienced after the acquisition of Target Express.

The company said: “Customer relationships have improved, attrition has slowed and overall service levels have been restored.”

However, despite the improvement in service for the Rentokil Initial-owned company, revenue has weakened during the second quarter, which City Link says is indicative of “weakening demand generally” rather than customer losses.

The company has identified key areas in which it could save that are expected to deliver payback within the next 12 to 18 months, although this will have a limited impact on results in 2008.

Internal forecasts of losses at City Link have also now stabilised.

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TNT 2nd quarter performance

Posted by | Jul 28, 2008 | |

Group
• Operational revenue growth 7.5 pct
• Operating income resilient
• Strong operating cash flow
Express
• Operational revenue growth overall 10.7 pct; core volume growth 6.9 pct
• Sudden pressure on volume growth in June; recovering somewhat in July
• Sharply increasing fuel costs in quarter; time lag effect costs EUR 7 million
• Strong growth in Emerging Markets at 18.3 pct
• Operating income at constant fx up 5.3 pct
Mail
• Emerging Mail & Parcels operational revenue growth at 15.6 pct
• Operating income robust, but under pressure from expected volume declines and higher salary costs
• Agreement with unions on collective labour agreement
Outlook
• Full year 2008 expected to develop within outlook range, albeit at low end
• Express cost savings programme EUR 100 – EUR 125 million announced; fully realised in 2010
• First indication cash generation programme; EUR 300 – EUR 400 million by end 2009 from real estate and working capital
CEO Peter Bakker comments:
“The second quarter of 2008 has seen a shift in trading volumes in Express. In April and May the volumes in Europe were in line with the preceding quarters, but in June we have experienced a slow down in the premium Express volumes in Europe. The sharp rise in fuel prices during the quarter and the general economic outlook have impacted both our customers and us. The resilience of TNT is however best demonstrated by the fact that the volumes in our European Road Network have continued to grow throughout the quarter and in June. Also our emerging market activities in Brazil, China and India, with the connecting lanes to Europe, have all shown double-digit growth.
In Mail the results were robust. Volume declines were at the expected levels, with substitution in letter mail being the main driver. It was pleasing to see that after a long negotiation period the Unions and TNT Post have agreed a new collective labour agreement and avoided a national mail strike. This agreement creates the framework for more market conform labour conditions, through a separate Production labour agreement. The short term impact of the CLA has seen an increase in wage costs that contributed to the expected decline in the operating margin at Mail in Q2.
The quality and mix of our network, combined with cost saving programmes as announced today, give me confidence in our performance, also under more difficult circumstances. The development in Brazil, China and India, continue to show the differentiating nature of our strategy is working.”

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