Tag: International

Strong Nordic growth for Norway Post in 2007

Posted by | Feb 15, 2008 | |

Norway Post increased its revenue by 15.7 per cent in 2007 to NOK 27.4 billion. The largest increase occurred in the Logistics and IT segments. Earnings before taxes were NOK 949 million, compared with NOK 1 200 million in 2006.

Good progress was made in 2007 in terms of income growth, improved quality and strengthened positions in Norway and the Nordic region. Turnover from businesses outside Norway increased by NOK 2.1 billion, or 50 per cent over 2006, and comprised 22.8 per cent of the Group’s revenue in 2007.

This strong growth shows that we are on the right path in terms of strengthening our position in Norway and the Nordic region. Customers are increasingly Nordic, and Norway Post has to offer solutions that meet Nordic demands, says Norway Post CEO Dag Mejdell.

The Group’s profitability declined in 2007 due to increased personnel and transport costs, additional resources to improve delivery quality, and costs related to the expansion of CityMail.

Earnings before interest and taxes (EBIT) in 2007 were NOK 1 080 million, compared with NOK 1 313 million in 2006. EBIT before non-recurring items was NOK 826 million compared with NOK 1 283 the previous year. Norway Post’s EBIT margin in 2007 was 3.9 per cent, compared with 5.5 per cent in 2006. The Group has identified concrete initiatives to strengthen EBIT going forward, especially in the Post segment.

The extensive measures implemented last year to improve delivery quality for letters and packages have produced good results. 85.1 per cent of A-priority mail arrived overnight in 2007, compared with 82.4 per cent in 2006. The five other statutory license requirements were surpassed by a significant margin in 2007.

The quality improvement initiatives implemented in 2007 will give increasingly positive results in 2008.

1 USD = 5.33749 NOK

Read More

Mory Group: Press release from Alain Breau

Posted by | Feb 14, 2008 | |

The negotiations that were engaged a few weeks ago with a stranger company, concerning the MORY TEAM messagerie network, will not bring to an accord on a juridical or financial aspect, as both parties did not reach an agreement on these points.

The company strategy for developing, performing and remaining independent will hence be pursued through a common agreement between its CEO Alain BREAU, its financial partners Bridgepoint and Barclays, and operational management (regional managers and subsidiary managers), that will be associated to MORY TEAM capital, in the scope of an increase of the capital cover of this company, which is the main subsidiary of MORY holding.

MORY GROUP specifies that the various operations that happened in 2006 and 2007 allowed it to increase its capital cover by 22 pct, reaching now 61 million euros.
The gearing (total debts (including LBO senior debt) / capital cover) has increased in the meantime from 1,52 pct to 54 pct.

The Administration Board confirmed its full confidence in the MORY GROUP future, which doubled its size between 1999 and 2007, and which is now directly settled in 15 European countries, North Africa and Central Asia.

Read More

FedEx to take on 200 more staff in France

Posted by | Feb 14, 2008 | |

FedEx Express has announced plans to take on 200 more employees in France during 2008, split between its European hub at Roissy-CDG and its 14 branches in Paris and the regions. This would be an 8 pct increase in staff numbers.

FedEx Express, which opened its European hub at CDG in 1999, currently employs 2,500 people in France. A similar number of additional employees could be taken on annually over the next few years as the company grows its business.

“The express market is very dynamic and our recruitment needs reflect this development,” said Aurélie Morin, head of human resources. Most of the 200 additional jobs planned for this year will be in the positions of handlers, couriers and operational managers.

FedEx will concentrate on taking on locally-based staff who live close to its hub and branches. The company offers good career opportunities, with 80% of managers having advanced up through the ranks, Morin pointed out.

Read More

DPWN chief Klaus Zumwinkel under tax evasion investigation

Posted by | Feb 14, 2008 | |

The home and office of Deutsche Post chief executive Klaus Zumwinkel were today raided by German officials investigating alleged tax evasion of some EUR 1 million. He was also taken for questioning but later released.

Tax authorities arrived at his home in Cologne at 7 a.m. and spent five hours there before taking him for questioning. Officials also searched his office at the DPWN headquarters.

A spokesman for the Bochum public prosecutor’s office said that Zumwinkel and other unnamed persons were under suspicion of tax evasion. The investigation focused on financial investments made by Zumwinkel in Liechtenstein, he said. The sum in question amounted to about EUR 1 million. An arrest warrant was not exercised since Zumwinkel had paid a bail sum of “not insignificant size”.

Deutsche Post said in a brief statement that Zumwinkel had responded in detail to the authorities regarding the allegations against him and had returned home. The entire management board, including the CEO, was “fully functional” and continuing its business as usual, it added.

Zumwinkel, 64, has been chairman and CEO of Deutsche Post since 1990, and has led its transformation from a domestic mail business into the world’s largest logistics group. His current contract is due to expire in November, and there has been media speculation that he will retire from the post at the end of the year. He is expected to take over the position of Deutsche Post supervisory board chairman.

Read More

City Link invest in one of UK’s biggest ever trailer orders

Posted by | Feb 14, 2008 | |

City Link has completed one of the UK’s largest ever trailer orders in a GBP 23 million investment programme.

The order for 140 trailers and box trailers has been placed with trailer manufacturer Gray and Adams, supplied through Fraikin and Ryder under contract hire agreements.
The 13.6m trailers have an interior height of 2.06m on the upper deck and 1.9m on the lower deck: 2m-deep powered loading ramps form the lower rear closure with double rear doors forming the upper closure.

An interior two-tonne tail-life is housed within the rear doors.

The deal includes servicing and maintenance as well as tyres and breakdown support. City Link has also recently ordered 45 new Renault and DAF trucks through Fraikin and will repeat the same order in 2008.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest