Tag: Switzerland

TPN looks to raise volume

Posted by | Apr 21, 2005 | |

The Pallet Network says it is to focus on developing its European operations this year and next, but that it will not attempt to keep up with its rivals’ increasingly complex information technology. Managing director Adam Leonard, speaking at the new hub at Rugby to which the company relocated in January, said the network is in talks with potential partners based in Germany, France and Switzerland. It recently launched TPN Ireland and already has a service to Benelux. Leonard said the network moves around 3,500 pallets a night. “Growth will be controlled by the members but we would like to achieve 4,500 pallets by the end of the year,” he says.

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Post offices target key role in financial services delivery

Posted by | Apr 1, 2005 | |

Given postal service operators’ extensive branch networks, the provision of financial services is a natural choice for those operators seeking to diversify their revenue streams and fulfil government obligations to provide universal banking services. New research from VRL Publishing* reviews the evolving role played by post offices in the distribution of retail financial services and the opportunities and threats posed to traditional bank providers.

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Swiss Post net profit hits record-high 540m Euro 2004

Posted by | Mar 31, 2005 | |

Switzerland’s postal service provider Swiss Post posted a record-high net profit of 837 mln Swiss francs (USD698.4 mln/540.3 mln euro) for 2004, up from 366 mln francs (USD305.4 mln/236.3 mln euro) for 2003, it was reported on March 31, 2005.

All Swiss Post units were profitable in 2004, the company said and attributed the strong profit rise to the higher prices of letter delivery services, which contributed 200 mln francs (USD166.9 mln/129.1 mln euro) to the profit.

Cost reduction through reorganisations and optimisations added 130 mln francs (USD108.5 mln/83.9 mln euro) and 120 mln francs (USD100.1 mln/77.5 mln euro) came from a drop in personnel costs.

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Siemens wins EUR195mln automation technology order from Schweizerische Post

Posted by | Mar 14, 2005 | |

Siemens AG said its Logistics and Assembly (L&A) unit won an order worth roughly 195 mln eur from Schweizerische Post to supply automation systems for three new mail sorting centres and six subcentres in Switzerland.

Siemens will supply letter sorting systems, automatic address reading systems and a range of other advanced mail delivery technology to the Swiss national postal company.

Siemens said it will have the equipment in place by 2008.

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