It is expected the income of the postal service to exceed 7 pct in 2008. It is envisaged increasing the number of the legal operators in 2008, chairperson of the State Agency for Information Technology and Communications, Plamen Vachkov said during a roundtable discussion, FOCUS News Agency reporter informed. More than 80 postal operators are on the Bulgarian market in the situation of liberalization of the postal services.
Read MorePrivate postal companies are rapidly gaining ground on the Royal Mail in Scotland, with one firm tripling its business since the start of the year.
Figures to be released on Friday by TNT Post UK will show private operators have seized a large slice of the business delivery market over the past 12 months as more firms move away from the Royal Mail.
TNT Post will reveal it has tripled its business clients in Scotland to 300 since January.
It has also doubled the number of letters and packages it carries north of the border from 4.5m to nine million in the past 12 months.
The company says its services are proving particularly popular among Scotland’s army of small and medium-sized businesses which are looking to trim their costs.
The figures will make grim reading for the Royal Mail, which has faced mounting competition from firms such as TNT Post and DX since the UK postal market was liberalised in 2006.
TNT Post says it wants to launch a nationwide “end-to-end” service, where it will handle post at every stage, from pick up to delivery, but it is currently prevented from doing so because of unfair barriers in certain parts of the market.
Most private operators still pay the Royal Mail to deliver mail over the “final mile”.
Read MoreTaiwan and mainland China are poised to set up direct postal link, which will halve the delivery time and postage cost, said Kao Kung-lian, secretary general of the Straits Exchange Foundation (SEF), yesterday (Oct. 15).
The postal link will cover not only common mails but also parcels and express-delivery packages carried out by Chunghwa Post Co., Ltd. and its Chinese counterparts, according to Kao.
The statement was confirmed by Yang Yi, spokesman of Taiwan Affairs Office of China`s State Council, who said yesterday that direct postal link will be a major topic in the talk between Chen Yunlin, chairman of the Association for Relations Across the Taiwan Straits (ARATS), and P.K. Chiang, SEF chairman, during the former`s upcoming visit to Taiwan. The talks will also cover such issues as direct shipping link, direct charter freight flight, direct charter passenger flight on weekdays, and direct cross-Strait flight route.
Read MoreTrading conditions in TNT’s European Express business have significantly worsened in September and, based on the volume patterns in the first two weeks of October, TNT expects this pressure to continue in the fourth quarter.
Within a context of severe global volatility in financial markets, the recessionary trend in the economy in Europe has accelerated, causing the volumes in the premium International Express (air) product to decrease around 10pct. The Economy Express volumes (road) have continued to grow albeit well below levels of 2007.
In the Express Emerging platforms the growth and margins continued to develop in line with our outlook.
TNT’s Mail business is also developing according to the outlook, producing a robust operating income and cash flow for 2008.
TNT was able to refinance its capital requirements in August, ahead of the deepening of the financial crisis in September/October. Combined with the strong cash flow, this puts TNT on a solid financial footing going forward.
TNT will present an updated outlook for 2008 in its Q3 publication on October 27. The margins in the Express ‘’International & Domestic’’ line of business are currently expected to develop around a solid 9 pct for the full year, with somewhat lower revenue growth. No changes in other lines of the outlook are currently foreseen.
Australia Post delivered strong community service performance and record financial results in 2007/08, according to the corporation’s Annual Report.
The government-owned postal corporation earned a record pre-tax profit of AUD 592.2 million (up 5.4 percent on the previous year).
Revenue growth in each of the three core business areas – letters, parcels and retail – boosted overall revenue by 5.3 percent to AUD 4.96 billion.
Australia Post also met or exceeded all of its community service obligations, including delivering 95.9 percent of domestic letters on time or early (well above its 94 per cent target).
The Annual Report indicates that letters continue to be a vital form of communication in Australia, with the volume of domestic letters increasing by 2.0 percent. This was the strongest growth in letter volumes since 1999/2000.Australia Post’s Chairman David Mortimer said these results underline the continuing strength of the postal corporation as it prepares to celebrate its bicentenary in 2009. 1 USD = 1.45183 AUD
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