Tag: Russia

TNT Express generates fast growth in Russia

Posted by | Apr 25, 2007 | |

TNT Express achieved strong growth in Russia last year and following its network expansion increased its business by 35%.

TNT Express Russia announced that it undertook 1.5 million shipments in 2006. Domestic volumes, which grew faster than international volumes, currently account for 40% of total deliveries and grew by 40% last year.

International items accounted for 60% of shipments, but by less, up 20% when compared with last year. Special services, offering business solutions for individual clients, increased significantly growing by 60%.

The number of employees increased last year by 20% to more than 500, while the vehicle fleet was expanded by 30%. The number of corporate customers almost doubled.

TNT Express Russia further expanded its regional network and opened new branches across the country. New air routes were established between Kaunas (Lithuania) and St. Petersburg in response to rising volumes and to speed up the rate of delivery.

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Russian post could break under rising salaries

Posted by | Mar 16, 2007 | |

Russian Post’s losses in 2007 might be 3 times as high as anticipated in 2006. The forecast will prove right if the company continues raising the employees’ salary. It refused to mention the exact figure, but said the problem can be solved by either increasing tariffs or asking the government for help.

According to forecasts, Russian Post’s losses will be some 6bln rubles (USD230mln) in 2007, despite the fact their income will grow by about 20% from 58bln rubles (USD2,2bln) to 70bln rubles (USD2,7bln). This was announced by Igor Sirtsov, the company’s General Director during the CeBIT exhibition. He said the company’s losses will grow if it continues increasing employees’ salaries without any compensation from the government for postal services.

Mr. Sirtsov admitted that Russian Post ended 2006 with considerable losses for the company, however refused to mention the figure (the company announced earlier its losses would be some 2bln rubles or USD77mln). In 2005 the company announced 100mln rubles revenues.

The Russian Information Technologies and Communications Ministry has a clear view of the post service development prospective. Deputy Minister Dmitry Milovantsev said the main aim is to improve the service quality, which will help the company to become compatible in the service market, as well as increase the number of customers.

Despite all the problems Russian Post is continuing its development. The company intends to enter foreign markets. And the first on the company’s list is the German market, where Russian Post intends to open an office soon. Igor Sirtsov said they studied thoroughly the experience of their foreign colleagues in tuning the postal traffic.

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Russian post could break under rising salaries?

Posted by | Mar 16, 2007 | |

According to forecasts, Russian Post’s losses will be some 6bln rubles (USD 230mln) in 2007, despite the fact their incomes will grow by about 20% from 58bln rubles (USD 2,2bln) to 70bln rubles (USD 2,7bln). This was announced by Igor Sirtsov, the company’s General Director during the CeBIT exhibition. He said the company’s losses will grow if it continues increasing the employee’s salaries without any compensation from the government for postal services.
Mr. Sirtsov admitted that Russian Post ended 2006 with considerable losses for the company, however refused to mention the figure (the company announced earlier its losses would be some 2bln rubles or USD 77mln). In 2005 the company announced 100mln rubles revenues.
The post’s head said the Russian Federal Tariff Service is now considering two ways to change the tariff policy. He added that the first way is to increase tariffs and the second – to receive support from the government.
Despite all the problems Russian Post is continuing its development. The company intends to enter foreign markets. And the first in the company’s list is the German market, where Russian Post intends to open an office soon. Igor Sirtsov said they studied thoroughly the experience of their foreign collogues in tuning the postal traffic. The company will act on its own and offer its services to the Deutsche Post and other large German companies on the market. The company say the work results in Germany will show if it is worth opening similar offices in other countries with large Russian diasporas, like Israel for instance.

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European ''emerging markets'' come into focus

Posted by | Feb 23, 2007 | |

Against the background of moderate growth and increasing consolidation in mature Western European markets such as Germany, Britain and France, “emerging markets” such as Spain, Poland, Russia and Turkey are increasingly coming into focus for international express and parcel operators. In contrast to the moderate single-digit growth rates in core European markets, the continent’s smaller markets are growing at high single-digit or double-digit rates and offer attractive areas for expansion. More acquisitions can be expected in these markets during 2007.

Germany, France and Britain jointly account for over half of the total European express and parcel market, according to CEP-Research data. The “Big Three” are the home markets or major regions for carriers such as DHL, TNT, GeoPost/DPD, GLS and UPS. But the market growth rates have slowed significantly in recent years, mostly due to low economic growth, and operational costs are rising. The inevitable result is tougher competition between the market leaders and a clear trend towards market consolidation.

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