Tag: Mail Services

TNT helps lorry group to double its profits

Posted by | Mar 1, 2005 | |

Dutch delivery and logistics group TPG – which also operates TNT in the UK – has delivered the highest net profit in its history, helped by the restructuring of its logistics division and by higher margins in its TNT express business.
TNT, which has a turnover of approximately pounds 750 million in the UK, has a high presence in the West Midlands. The region is home to the company’s UK headquarters in Atherstone as well as the largest UK depot at Network Park in Saltley, Birmingham.

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Deutsche Post in 2004 increases revenue and earnings

Posted by | Mar 1, 2005 | |

Deutsche Post World Net posted a 7.9 percent sales increase to about 43.17 billion euros in 2004 and fully met its earnings targets. At about 3.35 billion euros, Group operating profit (EBITA) was 12.5 percent higher than a year earlier, the upper end of the forecast range. Group net income rose by 21.3 percent to about 1.59 billion euros, or 1.43 euros per share. That compares with 1.18 euros per share in 2003. The Group tax rate was 20 percent in 2004. The company reaffirmed its EBITA-target of at least 3.6 billion euros for 2005.
“Over the past 10 years, the group has been focusing on privatization and internationalization. Our latest results show how far we have come in this process. We want to share the financial rewards of this development with our shareholders,” said Chief Financial Officer Edgar Ernst.

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Airlines seek USPS Reinstatement

Posted by | Feb 28, 2005 | |

American Airlines and US Airways hope to quickly resolve their differences with the U.S. Postal Service and return to hauling domestic mail. Citing poor service, the Postal Service this month stopped using the two airlines to carry domestic mail until service improved, USPS spokesman Jim Quirk said. Click to Enlarge At least one of the carriers is conferring with Postal Service officials daily about a program to improve its service, an industry source said. Under contracts awarded to the airlines in 2003, the Postal Service imposed strict on-time standards, which are monitored by a tracking system. Failure to meet those standards for any route could result in the airline losing business to competitors. In addition to American and US Airways, 16 other companies were awarded contracts.

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La Poste introduces higher postal charges

Posted by | Feb 28, 2005 | |

The price of a stamp in France will increase on Tuesday by 3 cents to 53 cents. The price of a stamp for delivery to Europe will become 55 cents. The last price increase was in June 2003 when the price was increased from 46 to 50 cents. This new increase should produce an additional 180 million euros in revenue for the mail division of La Poste which realised 10.6 billion in 2003

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