State postal service company CTT needs a cash injection from the state, Diario Economico reports the company’s auditors as saying. CTT’s balance sheet problems stem mainly from its heavy pension burden, which led to a payout of around EUR306 million in 2001.
Read MoreDHL Portugal recently inaugurated its tenth depot in Portugal in Viseu (in the central part of the country). Investment costs were EUR 900,000. DHL Portugal is a subsidiary of DHL Worldwide Express and has been active in Portugal since 1982.
Read MoreUniting the government and its’ citizens
Utilising the branch network
Bridging the digital divide
Emilio Rosa, Chairman, CTT Correios De Portugal
Chronopost Portugal posted a turnover of EUR 21.75 million in 2001 and aims at passing the EUR 25 million mark this year, Olivier Establet. CEO of Chronopost Portugal, said recently.
The market leader will open a new depot in Alfena near Porto this year for the B2B parcel and document sector (38% market share) and upgrade its internet presence.
International Post Corporation (IPC) members maintained their high-quality delivery performance for international letters last year, despite disruptions to air transport and security alerts following the events of September 11.
During 2001, an average of 92 per cent of European air mail letters reached their final destination within three days of posting. According to quality of service monitoring results just released by IPC’s UNEX system, more Postal operators are now meeting EU targets on mail streams where few, or no direct transport links are available. During 2001, over three-quarters of the 306 country-to-country streams monitored by UNEX were achieving at least 85 per cent
of deliveries within three days, compared with just one-third in 1994 when monitoring began, and one half in 1997.
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.
