Tag: Italy

Italy government plans to privatize post office in next few years

Posted by | Jun 28, 2007 | |

The Italian government plans to sell stakes in the Poste Italiane-run post office, and in Istituto Poligrafico e Zecca dello Stato SpA in the next few years, the Radiocor wire agency reported, citing a draft copy of the government’s 2008-2011 economic and financial planning program (DPEF).

The DPEF, which sets the country’s medium-term objectives and the broad ways to achieve them, is due to be approved later today.

Poligrafico e Zecca dello Stato is a publishing house for Italy’s official journal and other government publications as well as the country’s mint.

In the next few months, the sale on the stock exchange of a stake in Fincantieri is also expected, with 51 pct of the ship-yard staying in the hands of the state, Radiocor reported, citing the document.

The DPEF also includes plans to privatize state-ferry company Tirrenia.

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DHL launches New York overnight express to Europe

Posted by | Jun 25, 2007 | |

DHL, introduced the service for urgent next day documents from New York City to major European destinations.

Available for customers with shipments originating from lower Manhattan, DHL’s next day delivery trip begins with the pickup of urgent material by courier for transfer to the DHL helicopter pad in New York City. Shipments are then flown by helicopter directly to John F. Kennedy (JFK) airport, avoiding New York City traffic. From there, they move on flights bound for nine cities in Europe.

Available Monday thru Thursday, the new offering gives customers the ability to get their shipments delivered next business day from New York City to Amsterdam, Holland; Brussels, Belgium; Dublin, Ireland; Frankfurt, Germany; Geneva, Switzerland; London, England; Madrid, Spain; Paris, France; and Zurich, Switzerland. Next day by 12:00 noon delivery is available to some of the main financial centers in Europe.

For more than two decades, DHL has been leveraging its Manhattan helicopter to serve the financial district, and is the only express shipper to provide continual same day and overnight delivery of cash letters from Europe and Asia to the US banking system — a service vital to the world’s leading financial institutions. By cutting as much as a day off the time in transit for these shipments, financial institutions and their customers can save millions of dollars each year in otherwise lost interest and delayed business transactions.

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Poste Italiane: Minister Gentiloni establishes new minimum working standards of post offices in summer

Posted by | Jun 22, 2007 | |

The Minister for Communications, Paolo Gentiloni, showed the ministerial decree endorsed by him, establishing new minimum working criteria post offices will be obliged to respect in summer.
This decree states criteria avoiding to Poste Italiane to work short time or, even, not to work at all because of the total closure of its post offices. For this current summer they will recourse to provisional criteria.
Poste Italiane ever made recourse to daily or hourly reductions in working timetable either to cope with rotating shifts due to staff holidays or for a reduction in daily work at post offices desks. This produced great worry in people of those municipalities concerned in closure, mayors and prefects of the involved area. So much so that, last summer many mayors of little municipalities ( sometimes with a little post office ), while expressing the disconfort due to these reductions, demanded, as everybody’s concern, more guarantees concerning the execution of tasks.
In consideration of this, the Ministry of Communications, in joined agreement with Poste Italiane, issued a 2007 plan to better guarantee users in defining minimum working standards to vouch for the service mostly in municipalities with 5000 people or less or, at any case, to avoid every modification in timetable under 18 hours a week.
The ministerial decree introduces the summer Opening Plan to be transmitted to the Ministry of Communications within 30 April of every year for the timespan 15 June – 15 September. If the Plan, submitted to the Ministry of Communications exam, is deemed compatible with standards defined in art. 12, it will be forwarded to both CNCU (National Council of Consumers and Users) and ANCI (National Association Italian Municipalities) in order to receive relevant, non binding opinions.

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Poste Italiane's long-term issuer credit rating upgraded to 'A'

Posted by | Jun 14, 2007 | |

Standard & Poor’s Ratings Services said it has raised its long-term issuer credit rating on Italian Poste Italiane Group (Poste) to ‘A’ from ‘A-‘, reflecting Poste’s increasing orientation toward commercial activities.

The ratings agency also affirmed its ‘A-1′ short-term issuer credit rating on Poste, and added the outlook is stable.

The ratings reflect Poste’s strong state backing due to the group’s social importance and its economic role in the domestic market, the state’s grandfathering of almost all Poste’s financial debt, and Poste’s gradually improving stand-alone creditworthiness,’ S&P credit analyst Myriam Fernandez de Heredia said.

S&P said the ratings remain burdened, however, by Poste’s financial profile, and by uncertainties around the envisaged market liberalisation, which may result in a more competitive environment.

It added a weakening of the state’s support, along with a deterioration of the group’s financial profile, could put the ratings under pressure, but this is unlikely in the next 2-3 years.

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Italian express company Bartolini launches Balkan service

Posted by | Jun 12, 2007 | |

Italian express company Bartolini has increased the number of countries it serves in Europe by launching a new service to the Balkans through European partner DPD.

Bartolini started shipping to Greece, Bulgaria and Romania last week, bringing the number of European countries it serves through DPD and the EuroExpress courier network to 25.

The company has also opened three new parcel sorting centres in Italy: a 5,000 sqm facility at L’Aquila, near Bazzano; a 1,100 m centre in Lucca; and a 1,000 sqm depot outside Forli.

These follow new centres in Vercelli and Savona at the start of the year. Bartolini now has 150 such facilities in Italy.
Bartolini provides the delivery of shipments and providing logistic support services for the handling and distribution of the goods.
Consolidated turnover: over 650 Million Euro

Employees: 9.200

Vehicles: over 5.500

Branches in Italy: 145

Branches in Europe: 1050

Total number of parcels transported in one year: more than 80 millions

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