Tag: Europe

TNT business update for first quarter 2008 presented at AGM

Posted by | Apr 11, 2008 | |

TNT N.V. announced that the Annual General Meeting of Shareholders (AGM) adopted the 2007 financial statements and determined the dividend over 2007 at EUR 5 per ordinary share, duly noting that EUR 0.30 per ordinary share has already been paid as an interim dividend. An amount of EUR 0.55 per ordinary share therefore remains as final dividend, which shall be made payable on 22 April 2008.
During the AGM the following announcements with regard to the Supervisory Board and the Board of Management were made:
• Mr. J.H.M. Hommen, chairman of the Supervisory Board of TNT, will step down as chairman later this year, but will stay on as a member of the Supervisory Board until the next AGM.
• Mr. R.W.H. Stomberg and Mr. R. Dahan will step down as members of the Supervisory Board as of close of AGM and 1 June respectively.
• Intention of re-appointment of Mr. M.P. Bakker as member and chairman of the Board of Management of TNT.
• Intention of re-appointment of Mrs. M.C. Lombard as member of the Board of Management of TNT.
The AGM extended the authority of the Board of Management to issue ordinary shares. This authority shall be limited to a maximum of 10 pct of the issued capital plus a further 10 pct of the issued capital in case an issue takes place in relation to a merger or an acquisition. The same applies to the authority of the Board of Management to limit or exclude the pre-emptive right to the issuance of ordinary shares.

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La Poste acquisition strengthens UK presence

Posted by | Apr 11, 2008 | |

La Poste Group, has acquired BTB Mailflight, a UK based fulfillment and mailing company, to strengthen its position in the UK mail market.

The move is part the group’s long-term international expansion plan, and enhances its existing services in the UK by allowing the company to provide postal collection and sorting before ‘final mile’ delivery by Royal Mail.

The group already offers a range of direct marketing service in the UK via La Poste UK, which includes data management, document preparation, mail collection and franking, and worldwide mail distribution.

La Poste Group managing director Raymond Redding says: “This acquisition fits perfectly into our external growth strategy, which aims to reinforce our position as a major player worldwide and ultimately become the European leader in all forms of mail.

“Now, we will be able to operate in the part of the UK mail process which precedes ‘final mail’ delivery, giving us a deeper understanding of the UK postal market, developing our offer to customers and, in turn, enabling us to increase market share.”

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Mail Hold made easier with new Online Service

Posted by | Apr 11, 2008 | |

New Zealand Post has today launched a new online service for household customers wanting their mail held while they are away from home for an extended period.

Mail Holds can continue to be arranged by visiting a PostShop, and the addition of an online channel will make it even more convenient for customers to ensure their mail is kept safe and secure at New Zealand Post while they’re away.

The online service is available to household customers who hold a New Zealand driver’s licence. Householders’ addresses are validated according to New Zealand Post address standards, including the correct postcode, and a New Zealand driver’s licence is required to verify customer identification.

The fee for the online hold is USD 5 a week, the same as that offered at PostShops, and the same three working day period is required to activate an online hold request.

Businesses and other organisations, including charities, and non driver’s licence holders will still need to go to their local PostShop to put mail on hold.

Customers can opt to register for the online service and be able to access other products and services from New Zealand Post.

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GLS Belgian subsidiary ABX re-brands

Posted by | Apr 11, 2008 | |

ABX Belgium Distribution, acquired by GLS in December 2006, has re-branded to GLS Belgium Distribution as part of its integration into the European parcels group and ongoing modernisation.

Since acquiring the parcel and general cargo business ABX Belgium Distribution, GLS has started a five-year investment of EUR 16 million in modernising the company, including new firewall installations, scanners and security and surveillance technology. Two separate parcel sorting and freight handling systems are being installed at the subsidiary’s depots. Four of its nine depots work with the new systems, and the others should be completed by spring 2009.

“The modernisation measures will strengthen the company and increase quality,” Fritze explained. “In the Benelux countries GLS offers cross-border delivery of freight shipments in addition to its national and international logistics service – one address which is now also one brand.”

GLS reportedly spent about EUR 23 million to win a battle with other European CEP players to buy ABX Belgium Distribution from Belgian Railways in 2006 and thus become the largest B2B parcel company in Belgium. ABX Belgium Distribution generated revenues of approximately EUR 90 million in 2005, two-thirds of which came from the parcel business.

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Postal Quality of Service in Europe Remains Very High

Posted by | Apr 11, 2008 | |

Quality of letter service between postal operators in Europe continues at a very high level. It is far above both the European Union’s speed objective of 85 percent of intra-EU mail delivery within three days, and its reliability objective of 97 percent within five days.

In 2007, 94.1pct of international priority/1st class letter mail was delivered within three days after posting (J+3) and 98.7pct within five days (J+5). Average delivery time was 2.2 days. These results cover 29 European countries, i.e. the EU Member States (except Bulgaria which will be included in 2008), together with Iceland, Norway and Switzerland.

Commenting on the results, Dr Herbert-Michael Zapf, President and Chief Executive Officer, IPC, said: “One of the key results is that the posts delivered almost twice as many letters in two days as they did in 1994, when Europe-wide measurement began. In 2007, the reliability objective of 97pct in five days was already exceeded in only four days when a level of 97.9pct was reached. This is the highest level of performance so far recorded by the IPC UNEX measurement system.”

Dr Zapf added: “The results demonstrate the continuing commitment of postal operators to excellent service to customers.”

Quality of service performance is measured by IPC’s UNEX end-to-end monitoring system which is conducted independently by an external research firm. Results are based on about 400,000 test letters per year, as they move anonymously through the international mail processing system, from posting to delivery.

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