The Swiss postal service group Swiss Post International said on Tuesday (11 October) that it was establishing a subsidiary in Sweden. The new company, SPI Sweden, will strengthen Swiss Post’s position on the Scandinavian market for direct marketing and daily distribution of corporate mail. The new subsidiary will be based on Swiss Post’s former franchise partner Mail & Logistics.
Read MoreSwiss logistics company Kuehne + Nagel has criticised the likely takeover of UK-based supply chain giant Exel by Germany’s Deutsche Post. ‘This is a serious threat to free market competition,’ K+N’s chairman Klaus-Michael Kuehne said, according to Swiss daily Tages- Anzeiger. Mr Kuehne has repeatedly attacked the German market leader for its monopoly in standard letter delivery, which was providing easy cash funds for acquisitions in the logistics industry. ‘Apart from the fact that the logistics industry in its medium-sized structure will be faced with unfair competition, there is now a serious threat to free competition through the utilisation of the mail monopoly to finance the merger of Deutsche Post and Exel,’ he said earlier this month. A spokesman for Deutsche Post strongly dismissed the attacks. In response to suggestions that there was a connection between profits from the mail business and investments in logistics companies such as Danzas, DHL or Airborne, he said: ‘This is definitely wrong. Mr Kuehne is telling untruths.’
Read MoreSwitzerland’s postal services provider Swiss Post and German railways Deutsche Bahn AG have set up a joint venture, aimed at stepping up their cooperation in the field of road fleet management, both companies said on September 19, 2005. The companies set up the joint venture through their fleet management subsidiaries Mobility Solutions AG and DB Fuhrpark Service GmbH. The joint venture is aimed at achieving synergy effects and encouraging know-how exchange between both companies.
Read MoreThe Swiss cabinet has decided to partially liberalise the country’s letter delivery service from April 2006. It is the latest step towards privatising the state–owned company and opening the postal market to other licensed competitors. Swiss Post, which currently holds a monopoly on all letters delivered in the country, will face competition for the delivery of letters over 100 grams from April next year. Companies wishing to offer a delivery service need a licence from the authorities. The communications ministry said the government’s decision was based on a report by consultants. In their report, published last month, experts said a partial liberalisation of letter delivery services would not threaten the country’s mail service.
Read MoreSwiss postal carrier Die Post AG increased its net profit by 10.5 pct year-on-year to 421 mln Swiss francs (USD330.7 mln/271.1 mln euro) in the first half of 2005, but said it expected a weaker second half and projected an annual decline in full-year net profit. Full-2004 net profit, adjusted to meet the amended IAS 39 accounting standards, was record-high 830 mln francs ($651.9 mln/534.4 mln euro).
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