Tag: International

Mail posts gloomy forecast

Posted by | Nov 1, 2007 | |

Royal Mail profits fell by a third in the 2006-7 financial year, mainly as a result of a sharp rise in pension fund costs.

The group faces operating at around break-even this year and next, it said.

Chairman Allan Leighton and chief executive Adam Crozier said pension costs, revenue decline through losses to competition and the overall fall in mail volumes meant Royal Mail’s letters division was heading towards break-even in the current financial year.

They added: “Without the contribution from GLS (General Logistics Systems, the group’s European parcels business), the group could again become loss-making.”

The group said profits for 2006-07 were in line with expectations at £233m, down a third, mainly due to pension costs rising by GBP 193m to GBP 722m.

Competition had developed much more quickly than anyone forecast. Rivals would this year be handling around 4bn letters, around one in every five posted – a level Postcomm had forecast would not be reached until 2010.

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Aramex chooses Bahrain Financial Harbour to locate its latest venture

Posted by | Nov 1, 2007 | |

Bahrain Financial Harbour Holding Company (BFHHC) today announced that it has signed an agreement with Aramex.

Commenting on the agreement with Aramex, Mr. Stephen Rothel, Chief Executive Officer, BFHHC, said: “Aramex in the last twenty five years since its inception has rapidly gained the reputation of being a transportation company of choice throughout the Middle East and Asian subcontinent. Through the years, it has showcased impressive growth through its unique and pioneering business model, customer services and innovation setting benchmarks in the transportations space.”

The Visa Application Center will be managed by a well trained Aramex staff that will receive the UK Visa applications, process all formalities as per the Embassy standards, collect Visa fees and conduct the initial non-judgmental interview will all applicants ensuring submission of the requisite documents. The Aramex staff will also undertake Biometrics for all the applicants which will be directly connected to the UK Embassy server. Furthermore, the staff will be responsible for moving passports using the Aramex Ground and Logistics Operations from the VAC to the Embassy and backwards as well as delivering passports back to applicants either at the VAC or at the applicant delivery address.

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Aramex Lebanon wins 'Station of the Year 2006'

Posted by | Nov 1, 2007 | |

Aramex has honoured its Lebanon network with ‘Station of the Year’, recognizing its outstanding efforts during the war which erupted in Lebanon in the summer of 2006.

Despite strenuous circumstances, Aramex Lebanon was not only able to continue full commercial operations, but managed to maintain high service standards which enabled clients to continue doing business – underlining the team’s exceptional level of dedication.

“The tremendous efforts put forth by our operations in Lebanon during the war demonstrate Aramex’s unwavering support and commitment to the local communities in which we operate, what the Lebanon team did was an inspiration to us all,” said Fadi Ghandour, Aramex Founder and CEO.

In coordination with the Higher Committee for Relief and locally-based NGO’s, Aramex Lebanon played a critical role in the international relief efforts in Lebanon during the war. Full resources were dedicated to distribute humanitarian aid materials across various affected parts of the country.

Held at the Dead Sea in Jordan, Aramex recognised several high performing stations at its 25th annual leader’s conference, presenting trophies for the best performances in Express, Freight, Domestic, Logistics, Revenue and Net Income, among others.

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European parcels operation sparkles despite postal misery for Royal Mail

Posted by | Nov 1, 2007 | |

General Logistics Systems, the European parcels operation, is turning out to be the jewel in the crown for Royal Mail, which has seen profits slashed in its domestic letters business over the past year.

GLS increased its operating profit by 15 per cent to GBP 115m on sales of just over GBP 1bn for the financial year 2006-7. And there was also good news from Parcelforce Worldwide which made an operating profit of GBP 10m – double the figure for last year and the second year running of profit after more than 15 consecutive years of losses.

Royal Mail said Parcelforce Worldwide grew its revenue by 7.3 per cent in a market that became even tougher, and delivered a record operating profit of GBP 10m. GLS grew its revenues by 4.9 per cent in a very competitive market and its operating profit increased to GBP 115m. “The results of both GLS and Parcelforce Worldwide demonstrate the group’s potential in areas where it is allowed to compete freely without regulatory constraint.”

However, profits were slashed from GBP 344m to GBP 194m in the letters business which has also gone through a damaging strike.

“Inland addressed mail volumes fell by 2.3 per cent – the first decline after many years of growth,” said Royal Mail. “The growth in email undoubtedly played a key factor in the fall and the realistic prospect facing the Company is for further volume decline. The peak in mail volumes looks likely to be behind us.”

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Ciblex has seen significant growth in its income.

Posted by | Oct 31, 2007 | |

Ciblex completed its accounts for the tax year on 30 June 2007 and posted another year of growth both in turnover and income. This growth shows the long term value of the strategy adoopted by Ciblex, built on:
– A targeted position and development in niche markets in which Ciblex delivers tailored
solutions.
– A quality policy which produces performances which our customers perceive to be superior to those of the competition.
– A loyal, competent, motivated team.

Good results from the group and the various national units…
– Ciblex France: Turnover up by 6.8 pct at EUR 134.6 million (on an operating income of EUR 1,034 million).
This last figure should be put in the context of the negative impact of the new regulations restricting the speed of heavy goods vehicles to 90km/h, effective from 1 January 2007.

This has complicated the operations, leading to extra structural costs.
– Ciblex Belgium: excellent performance with TO of EUR 18.5 million up + 6.3 pct (and operating income of EUR 2,774 million ).
– Ciblex Netherlands: subsidiary created in October 2004, achieved TO of EUR 1,970 million , up 116 pct (and operating income of EUR 323 000 , in balance in the previous year).

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