Tag: Mail Services

TNT N.V. publish 2008 first quarter results

Posted by | Apr 28, 2008 | |

The quarter, revenues and results are negatively impacted by the anticipated phasing impact of week 1 and Easter in Express and Mail. The impact is a decrease of around EUR 70 million in revenue, and around EUR 40 million in operating income compared to Q1 2007.

TNT’s outlook for 2008 is based at constant average 2007 foreign exchange rates versus the Euro. The decrease of revenues resulting from FX rate differences versus the euro in the first quarter was around EUR 65 million, with limited
impact on operating income.

Additionally, a first EUR 7 million impairment charge out of the approximately EUR 70 million Postkantoren restructuring costs previously announced, has been taken.
The underlying development of the business, taking into account above factors, will therefore be the focus of the summary analysis below.
Group
• Results versus Q1 2007 show expected impact of week 1, working days and Easter phasing
• Underlying business growth develops in line with Q4 2007 as expected
Express
Adjusted for impact week 1 and Easter:
• Core volume growth in line with Q4 2007, up 3.3 pct; yield 5.1 pct
• Operational revenue growth 10.4 pct
• Emerging platforms operational revenue growth well above 20 pct
• Operating margin in line with Q1 last year, at 8.2 pct
Mail
Adjusted for impact working days and EUR 7 million restructuring costs:
• Operational revenues 1.4 pct above last year’s level
• Emerging Mail & Parcels operational revenue growth over 15 pct
• EBIT at EUR 209 million (Q1 2007: EUR 231 million); decrease due to EUR 12 million higher net one-offs in Q1 2007 and autonomous volume reduction

Read More

Post Office launches new Fiveyear Saver

Posted by | Apr 28, 2008 | |

The Post Office announced the sixth issue of its Fiveyear Saver – a no risk, fixed-term deposit bond – which guarantees returns over a five year period with the benefit of further growth potential linked to the FTSE 100-Index.

The Fiveyear Saver offers a dual investment system, which is ideal for investors made cautious by the recent stock market jitters. As a result customers who take advantage of this great offer – which is open from 28th April 2008 and closes on 28th June 2008 – will see their money managed in two ways:

– Half of their deposit earns a very competitive 5.5 per cent gross/AER per annum for the five year fixed term period
– The other half benefits from a 50 per cent return on any increase in the FTSE-100 Index over the five year period. Customers’ original deposits are guaranteed should the FTSE-100 Index fall.

Read More

Emirates Post, India Post launch e-money order service to Kerala

Posted by | Apr 27, 2008 | |

Emirates Post and India Post yesterday launched an electronic international money order facility between the United Arab Emirates and Kerala, fulfilling a long-standing demand of expatriates for an affordable electronic money transfer service.

A bulk of the estimated Rs250 billion which Non-resident Keralites (NRKs) send home annually comes through banks and money transfer operators at present. A sizeable chunk of the remittances also come through illegal channels.

The facility launched by Kerala Circle Post-Master General Uday Balakrishnan is expected to benefit the low-income group, who constitute about 90 per cent of more than half a million Malayalees working in the UAE.

The e-money order launched in alliance with Emirates Post envisages delivering money at the customer’s doorstep.

It uses the Universal Postal Union’s secure International Financial System for the purpose.

The maximum remittance allowed per person is 12 in a calendar year, while the maximum amount that can be sent is USD 5000 or its equivalent. MOs up to Rs20, 000 will be delivered to the customer in cash within two days.

Amounts between Rs20, 001 and Rs50, 000 will be paid from the post office counter and those exceeding Rs50,000 by cheque, the official said. Emirates Post will charge 11 dirhams for ‘window’ delivery per transaction and 14 dirhams for door delivery in India.

The e-money order facility has also been launched at 46 head post offices in the four metros of New Delhi, Mumbai, Kolkata and Chennai. 1 INR = 0.0249476 USD

Read More

CWU – Fight Back Over Royal Mail Pension

Posted by | Apr 27, 2008 | |

Following a meeting with senior field officials, the Communication Workers Union is to begin a campaign on the 5th May to highlight what it sees as government and Royal Mail policy failures and the effect that these policies have had on postal worker pensions.

The pension fund currenly has a deficit of around GBP 3.4bn, and Royal Mail plans to clear the deficit by paying into the fund over a period of up to 17 years as well as paying in an extra GBP 270 million this year, an amount it says, that will increase with inflation each year.

The normal retirement age is to be extended from age 60 to 65 with effect from 1 April 2010, pension calculations have now shifted from a Final Salary to a Career Salary Defined Benefit arrangement as of 1st April 2008, meaning that only pension earned in respect of service from 1 April 2008 would be affected by the change. Pension earned prior to this date will still be linked to final pensionable pay on the date the employee leaves or retires. The existing Pension Plan was closed to new members on 31 March 2008.

Two union ballots, one of Royal Mail managers conducted by the union ‘Unite’ and a subsequent ballot of workers, held by the CWU in March, showed an overwhelming rejection of the changes to pensions.

Although both the CWU and CMA/Unite had agreed that changes were needed, the CWU maintains that Royal Mail brought in the revised pension without final discussion with the union and employees and that Royal Mail had not fully explored a options put forward by the union. It now plans to put pressure on government to reverse changes to pensions by writing to and speaking with MPs and political bodies.

Read More

Azerbaijan’s Cooperation with Universal Postal Union is Excellent: Interview with UPU Head

Posted by | Apr 26, 2008 | |

Trend Capital’s exclusive interview with Edouard Dayan, the Director General of the UPU International Bureau.
Question: What is your assessment of Azerbaijan’s activity as a UPU member?
Answer: Azerbaijan is a fairly recent member of the UPU – it only joined the Union on 1 April 1993. Despite this, it is one of the most active countries of the Commonwealth of Independent States. It is a member of the UPU Council of Administration elected by the Bucharest Congress, and plays an active part in its work. It also belongs to the EMS Cooperative and to the UPU Telematics Cooperative. At regional level, Azerbaijan is a member of several postal organizations: the Regional Commonwealth in the Field of Communication (RCC), which comprises 12 CIS countries, the European Committee for Postal Regulation (CERP) and the Postal Union of EurAsia. In spring 2005, I was able to attend the meeting in Baku of Ministers of Posts and Telecommunications of RCC member countries, where I took the opportunity to meet with representatives of your country’s postal sector.
Question: How do you see the prospects for the development of cooperation between the UPU and Azerbaijan’s Ministry of Communication and Information Technologies?
Answer: As I mentioned earlier, cooperation between the UPU and the Ministry of Communication and Information Technologies has been excellent since my meeting in May 2005 with your Minister, Professor Ali Abbassov. I should also like to emphasize the particularly important role played in negotiating, and, more recently, implementing the World Bank project for the development of financial services. The main aim of the Azerbaijan Financial Services Development Project is to implement two government strategies: poverty reduction, and the creation of a national payment system based on the postal network. The project aims to offer the country’s population a full range of postal and non-postal financial services by making use of the biggest national physical network – the post office network. Apart from the financial services, there will be improvements in the areas of access to the basic business infrastructure and the delivery of government services.
The UPU, which considers the development of the worldwide financial services network to be one of its main priorities, is willing to provide the Ministry with the advice and assistance needed to make this project a success.
Question: Which projects and joint programmes will your organization and Azerbaijan be able to carry out in the near future? What assistance can the UPU give Azerbaijan, in case of need?
Answer: In November 2006, Azerbaijan benefited from a visit by the UPU to promote an integrated postal reform and development plan (IPDP) mission. The IPDP is a reform and development plan prepared by the UPU in close cooperation with experts from the beneficiary country. It is based on a study of the economic and commercial environment of the postal services, the legal and regulatory framework, and the market of the beneficiary country. The IPDP also takes into account Universal Postal Convention obligations, particularly the universal postal service. In the IPDP, the government also identifies and sets itself long-term objectives, undertaking to achieve them as part of a postal sector reform programme. This strategic document was sent in January 2007 to Mr. Artur Tahir Rasizada, Prime Minister, to Mr. Abbassov, Minister of Communications and Information Technologies, to the Director General of Azerpost, and to the UNDP and the World Bank country offices in Baku. According to my information, the government has decided to allocate about 350,000 USD to the project identified in the IPDP, which is aimed at universal postal service improvement and development, namely through the improvement of the countrywide postal network (creation of new post offices).
For the coming years, it is therefore very important to ensure that the priority projects identified in the IPDP are

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest