Tag: Russia

Sweden Post announces agreement to divest parcel delivery and logistics operations in Baltic rim, Poland and Russia

Posted by | May 28, 2004 | |

Sweden Post today announced that it has entered into an agreement to sell its Baltic-, Poland- and Russia-based parcel delivery and logistics business operations to Geopost, a wholly owned subsidiary of La Poste. Posten AB partly owns the parcel delivery and logistics companies in Poland and Russia and wholly owns the Baltic businesses. The transaction, a consequence of the new board-sanctioned strategy, will positively affect Sweden Post’s net income and cash flows.

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Russia’s Postal Service gets USD215 mln retail sales

Posted by | May 21, 2004 | |

The retail sales turnover of Russia’s Federal Postal Service amounted to USD215 million in 2003, the press service of the Russian Post state company reported. Russian Post expects a breakthrough in retail sales in 2006-2007, when the range of products for sale at post offices will be standardized and customers will get used to the idea that besides postal services, you can purchase certain consumer goods at a post office.

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Profit of DHL in Russia up 40 percent

Posted by | Apr 9, 2004 | |

In 2003, DHL increased the volumes of deliveries by 30 percent from 2002. Profit of DHL in Russia in 2003 grew by 40 percent. In 2003, European countries and US accounted for the major part of imported cargoes and DHL transported more than 3,000 tons of cargoes and documents both in international and in internal directions in Russia.

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FedEx Russian Fiasco Opens Doors for Competitors

Posted by | Mar 23, 2004 | |

FedEx is struggling to keep its Russian operations afloat after moving airports and replacing its longtime local agent in December — just days before a sweeping new customs regime came into force. In a snarl-up that has yet to be fully unwound, thousands of FedEx packages became marooned at Domodedovo Airport, calling into question the company’s membership in the “Big Four” club of express delivery providers in Russia, while simultaneously opening the door to upstart domestic companies. Express delivery companies are notoriously tight-lipped about the financial side of their operations, and there is little independent research about their activities that can be considered authoritative, making it difficult to gauge turnover and trends. But by most accounts, the industry has grown between 25 percent and 40 percent per year over the last three years, and just four Western companies — Dutch TNT, Brussels-based DHL and American UPS and FedEx — account for most of the action.

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Russia’s postal services market up 35percent in 2003

Posted by | Mar 2, 2004 | |

Russia’s postal services market soared 34.85percent on the year in monetary terms in 2003 to 28.2 billion rubles, Leonid Reiman, acting Communications and IT Minister told a ministry board meeting Tuesday. Turnover of traditional Russian postal services operators jumped 35.5% on the year to 26.3 billion rubles, Reiman said without elaborating.

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