Tag: Italy

UPS volume grows in third quarter, 1,200 jobs to be eliminated

Posted by | Oct 19, 2006 | |

United Parcel Service Inc. has credited a 5 percent spike in global small package volume for its increase in net income in the third quarter.
Atlanta-based UPS (NYSE: UPS) also announced a new five-year partnership with the Italian Post to deliver the Italian post office’s international express volume. Financial terms were not disclosed.

For the third quarter, UPS had net income of USD1.04 billion on USD11.7 billion in revenue, compared with net income of USD953 million on USD10.6 billion in revenue in the third quarter of 2005. Earnings were 96 cents a share, compared with earnings of 86 cents a share in the third quarter of 2005.

Daily U.S. ground volume increased 3.6 percent in the third quarter, while average daily volume for Next Day Air rose 1 percent and deferred air volume climbed 3.4 percent. Total international package volume grew 19.9 percent.
“UPS is moving forward with confidence,” said Mike Eskew, UPS chairman and CEO. “Our small package business continues to show strength across all segments and we are taking the steps necessary to put our supply chain business on the right track after a disappointing performance.”

In other news, Reuters reports Thursday the UPS will cut 1,200 jobs from its freight forwarding division this quarter. This move will save the package shipper about USD100 million next year.

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Italy Postel net profit soars 400 pct Y/Y H1 2006

Posted by | Oct 10, 2006 | |

Italian postal services company Postel, a unit of Poste Italiane, registered a 400 pct yearly surge in net profit to 2.5 mln euro (USD3.2 mln) in the first half of 2006, compared to 600,000 euro (USD755,886) a year earlier. Operating revenue of Postel reached 193.7 mln euro (USD244 mln) between January and June 2006, against 161.1 mln euro (USD203 mln) booked for the respective period of 2005. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to 15.3 mln euro (USD19.3 mln) from 11.3 mln euro (USD14.2 mln), while operating profit stood at 9.9 mln euro (USD12.5 mln), compared to 5.1 mln euro (USD6.4 mln).
The company tackled a total 635 million mails, against 613 million a year earlier. Postel marked an annual 20 pct rise in operating revenue during the period, president Giovanni Ialongo said.

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TNT Post to launch major European advertising campaign

Posted by | Oct 6, 2006 | |

TNT Post is launching a major advertising campaign across Europe to increase awareness of its new brand following the re-naming from TPG Post last year. An “orange eye” logo will form the focus of the campaign.

The orange campaign has already been rolled out in the Netherlands, the UK, Italy, the Czech Republic and Slovakia, and will get underway in Germany by the end of the year, followed by Belgium and Austria. These are the eight countries where TNT Post is active.

The new concept, which will have the orange eye in the centre of all new communications material, signifies that TNT Post sees the world through orange eyes, with the slogan “It’s our business to deliver yours.”

“In a second step, the Orange Eye concept will be used on all internal and external communications material,” explained Sascha Bilen, head of marketing at TNT Post in Germany.

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Italy post office ends commercial deal with Mediolanum unit

Posted by | Oct 3, 2006 | |

The Italian post office decided to relinquish a commercial agreement with Mediolanum SpA’s unit Banca Mediolanum, the daily MF said without giving a source.

The deal signed in 2004 enables Banca Mediolanum clients to use most of the post office’s more than 14,000 outlets for financial operations, it said.

Industry sources said the notice of cancellation of the contract is a routine procedure ahead of the contract expiry, and will trigger negotiations on a renewal of the contract under revised terms.

This renegotiation is an automatic procedure that is launched 2-4 months ahead of the contract expiry, they said, without giving a specific timetable.

‘It has been done to change the conditions. It is normal,’ one source said.

The contract is not exclusive between the post office and Mediolanum and other companies can set up similar arrangements with the post for their customers to deposit and withdraw funds, he said.

Mediolanum declined to comment.

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EU clears 2.4 bln eur aid for Poste Italiane, but opens new inquiry

Posted by | Sep 26, 2006 | |

The European Commission has cleared 2.4 bln eur in aid given by the Italian government to postal service provider Poste Italiane between 2000 and 2005, but simultaneously opened a new inquiry into interest rates applied to current accounts from 2005.

Commenting on the aid, the EU executive said the government was ‘fulfilling its public service obligations’.

However, the commission also opened an investigation into the high level of interest rates, financed by the government, applied to customers’ current account funds from 2005.

Funds collected from the current accounts are deposited with the Italian treasury.

The commission said the higher interest rates give Poste Italiane an economic advantage and so potentially distort competition and trade.

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