Tag: TNT

TNT Post threatens actions

Posted by | Apr 23, 2007 | |

The works council at TNT Post is threatening to block competitors’ locations with its trucks if Parliament does not agree to approve better labour conditions for postal workers on Tuesday.

The works council wants Parliament to adopt a motion from Ferd Crone (Labour PvdA) and Cynthia Ortega (ChristenUnie) on Tuesday, but it does not look so far as if the motion will get majority support.

State secretary for economic affairs Frank Heemskerk doesn’t think that better labour conditions should be provided for in the Post Office Act, as the motion on Tuesday proposes, but that unions and postal companies should be able to agree on conditions in negotiations.

Postal workers’ union BVPP warns Prime Minister Jan Peter Balkenende that failure to guarantee labour conditions for this group will lead to great social unrest.

The union fears that greater competition among postal companies, which will result if the Post Office Act is adopted, will lead to poor labour conditions for postal workers. Already over the past years many have been forced to agree to payment on the basis of pieces of post delivered rather than an hourly rate.
The amendment from PvdA and ChristenUnie would make it possible to force postal companies to pay an hourly wage if they fail to improve labour conditions.

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TNT’s Annual General Meeting of Shareholders adopts dividend for 2006

Posted by | Apr 20, 2007 | |

TNT N.V. announced that the Annual General Meeting of Shareholders (AGM) adopted the 2006 financial statements and determined the dividend over 2006 at euro 0.73 per ordinary share, duly noting that euro 0.26 per ordinary share had already been paid as an interim dividend. An amount of euro 0.47 per ordinary share therefore remains as final dividend, which shall be made payable on 2 May 2007.

Furthermore the AGM adopted the following resolutions:
• Appointment of Mrs. M. Harris as member of the Supervisory Board
• Re-appointment of Messrs. R. Dahan, V. Halberstadt and W. Kok as members of the Supervisory Board
• Extension of the authority of the Board of Management to issue ordinary shares until 20 October 2008
• Extension of the authority of the Board of Management to limit or exclude the pre-emptive right to the issuance of ordinary shares until 20 October 2008
• The authorisation of the Board of Management to acquire own shares to a maximum of 10% of the issued capital until 20 October 2008
• Reduction of the issued capital through cancellation of 30,947,707 ordinary shares and through cancellation of ordinary shares to be repurchased under the new purchase program, announced on 26 February 2007 and starting on 23 April 2007
• Amendments of the Articles of Association, pursuant to which rights attached to the special share will lapse.

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Researchers see India's express industry growing by 20% a year

Posted by | Apr 16, 2007 | |

India’s express and courier industry, now valued at Rs71bn (USD1.63bn), is forecast to reveal a compound annual growth rate of 20% over the next five years and more than double its size by 2012.

According to a study by rating agency Credit Analysis’ research the main growth driver for the express industry will be the opening up of the banking, insurance, retail, aviation and telecommunications sectors.

Several executives recently interviewed for UPS indicated that a key segment of Asia’s business leaders were more excited about the growth of India than they were of China’s.

While there was optimism over the growth of the Chinese consumer market, small and medium sized enterprise leaders across Asia expressed a desire to capitalise on India’s rapid growth by leveraging its continued rise as a manufacturing base.

Leaders of such enterprises also expressed a desire to become an outsourcing destination for India and an exporter of raw materials to India for manufacturing.

The UPS Asia Business Monitor, a survey designed to gauge the competitiveness of small and medium sized enterprises in Asia, also found that, of 1,200 decision-makers interviewed across 12 different markets in the region 85% said India had the potential to be a regional economic leader and 81% said the country’s economy was certain to grow this year.

The express industry in India, which ranks among the fastest growing sectors in the Indian economy, has been growing at an annual rate of 33% over the past decade.

At its present estimated size, the industry is almost as large as the shipping and paper industries in the country. However, it is highly fragmented, with more than 2,500 express operators, although about 20 of them make up more than 50% of the industry’s revenues.

According to another study the organised portion of the industry comprises 65% of the total market.

The semi-organised and unorganised segments, which consist largely of regional and intra-city service providers and the government-run EMS Speedpost, between them account for the rest.

Among domestic operators, Blue Dart, DTDC, First Flight and Overnite Express are leading express service companies while FedEx, UPS, DHL and TNT are the top international operators.

‘Document parcels that weigh less than 300 gm account for about 70% of the total volume of document parcels and intra-city deliveries account for nearly 37% of their turnover,’ the CARE report says.

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Dutch Parliament delays decision on mail market deregulation

Posted by | Apr 13, 2007 | |

The Dutch parliament decided to postpone its decision on the deregulation of the Dutch mail market until next week, but during its debate on the topic it became clear that a large majority will support the plan to liberalize the market as from Jan. 1, 2008.

The parliament discussed a proposal by Frank Heemskerk, Secretary of the Ministry of Economic Affairs, to liberalize the Dutch mail market, which until now is dominated by TNT NV. A large majority seems willing to support the plan, although members of the parliament asked for a bit more time to come to a final decision.

There were several amendments on the proposal and they have to be discussed first. TNT, which has a monopoly in The Netherlands on mail services for all letters up to 50 grams, is against an opening of the Dutch market from the beginning of 2008 because it fears that other European countries will likely wait longer to do so.

The German parliament has already agreed on deregulation of its domestic postal market. Various German government officials, however, have expressed doubts whether the country should pursue the plans, because the French government has said it doesn’t want to open up its postal market before 2012.

There is no fixed date by which E.U. member states need to have fully deregulated their postal markets. E.U. Internal Market and Services commissioner Charlie McGreevy proposed in October last year to open up the entire European Union market by Jan. 1, 2009, but this was met with protests from many member states and a formal decision has yet to be made.

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Fortec welcomes Prospect Commercials Ltd to the network

Posted by | Apr 12, 2007 | |

The company covers 85 pct of the Kent postcode area, including Maidstone, Chatham and Dover, with a staff of 25 and a fleet of 20 vans, eight 7.5 tonnes and three 18 tonnes vehicles.

The company has been operating for seven years, and has been a member of the Fortec network for two months.

The company’s original focus was on servicing the TNT operation in Kent, but after a strategic review Prospect Commercials made the decision to join a pallet network and chose the Fortec Pallet network.

Gary Monks, Director, Prospect Commercials commented on the new relationship: “After making the decision to become part of the Network, we had an intensive two weeks in which to get everything prepared, including the introduction of the Fortec systems, which thankfully are extremely user-friendly.

“In the brief two months since becoming a licensee, we have already formed a strong relationship. We can really notice things coming together – everyone at Prospect Commercials can see our company growing and we are very excited by the opportunities which the Fortec network provides.

“For example thanks to the Fortec sales team identifying new leads, we have added nine major new customers to our books in the last two weeks!

“Our experience has been very positive – nothing seems too much effort for the team at Fortec and their USP matches ours; providing a quality, customer orientated service and willing to go the extra mile when necessary. We are particularly interested in the opportunities provided by the Fortec International product which offers a daily departure service into Europe at competitive rates. I am sure this is going to prove very popular with our customers.

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