Tag: Mail Services

USPS looks to file 5 to 6 percent across-the-board rate increase

The US Postal Service is recommending to its Board of Governors that it file a rate case with the Postal Rate Commission for an across-the-board increase of 5 percent to 6 percent. The news was part of Postmaster General John E. Potter’s keynote address yesterday at the National Postal Forum in Nashville. If the governors approve management’s proposal, “our formal filing with the Postal Rate Commission will follow shortly,” he said.

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GBP60m returned to UK postal customers in compensation

Royal Mail has forfeited GBP60 million to customers because of its poor service quality in 2003/04 when it missed all its main service quality targets, Postcomm revealed today. In view of this — and a number of other measures agreed by Royal Mail — Postcomm has decided not to impose further financial penalties on the company. Postcomm’s judgement takes account of the serious shortcomings in Royal Mail’s performance during the period, but also the extensive and effective action it has taken since then towards putting matters right.

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Deutsche Post World Net posts 3.35 billion euros EBITA and Group confirms 2005 earnings forecast

Deutsche Post World Net reported a strong 2004 with overall improved results. Revenue climbed by 7.9 percent to about 43.17 billion euros. The Group’s profit from operating activities (EBITA), at around 3.35 billion euros, was 12.5 percent higher than in the previous year. Net income rose 21.3 percent to about 1.59 billion euros compared with the previous year’s level. This corresponds to earnings per share of 1.43 euros; in 2003, EPS was 1.18 euros per share. As a result of the strong performance, a dividend increase to 50 euro cents per share from 44 euro cents will be proposed. Chairman of the Board of Management Klaus Zumwinkel said the results were a “splendid conclusion to the business year.” The company is well positioned strategically, operationally and financially, and will continue to grow both regionally and in the business segments from the global platform it has created.

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Deutsche Post posts 2004 EBITA of 3.35 billion euros

Deutsche Post World Net reported a strong 2004 with overall improved results. Revenue climbed by 7.9 percent to about 43.17 billion euros. The Group’s profit from operating activities (EBITA), at around 3.35 billion euros, was 12.5 percent higher than in the previous year. Net income rose 21.3 percent to about 1.59 billion euros compared with the previous year’s level. This corresponds to earnings per share of 1.43 euros; in 2003, EPS was 1.18 euros per share. At the end of 2004, measures under the STAR value-creation program had contributed a cumulative 862 million euros to earnings, or 23 percent above the originally planned 700 million euros

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An Post needs to repeat recent business success

Business Opinion: Something very unusual happened last Thursday. An Post, arguably the most calamitous of our State-owned companies, managed to do a bit of sound commercial business.

Its two overseas mobile phone top-up companies managed to command a purchase price of €85 million in a transaction with Alphyra. An Post originally bought the companies for €8.5 million in 2002 and has only pumped €7.5 million into them since then. So, based on these figures, a tidy profit of €69 million will now flow into its coffers.

For a company which has been reeling from negative news for so long, the latest deal must come as something of a relief for embattled chief executive Donal Curtin.

While it would be dangerous to predict a sustainable recovery just yet, the money will certainly provide An Post with a reasonable fund for paying off departing staff.

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