For the quarter ended June 30, 2002, revenue totaled $7.68 billion, up 2.5% from the $7.49 billion for the prior year. Consolidated operating profit declined 1.2% to $1.03 billion. Net income declined to $611 million compared to the prior year’s $630 million, and earnings per diluted share dropped 1.8% to $0.54 versus $0.55 recorded during the period in 2001.
Read MoreThe Czech Post Office Ceska posta has ten rivals with permission to provide postal services on the Czech market, the Ministry of Transport and Communications has reported.
Postal services are provided by several courier services, as well as by multinational companies like TNT, DHL International or United parcel service.
While Ceska posta has to offer its services throughout the country, its rivals generally concentrate on profitable segments of the market, that is, services for the corporate sector or in towns, Ceska posta’s spokesman Ladislav Vancura said.
Last year, Ceska posta delivered 735.2 million letters, 23.8 million parcels, and 90 million bills.
It posted a gross profit of Kc743m on operating revenues of Kc14.5bn in 2001. The company runs 3,400 post offices and employs 39,600 people.
Read MoreUnited Parcel Service will be replacing one of its daily 747-200 freighter flights between Hong Kong and the U.S. with an MD-11, beginning July 21.
While the MD-11 is a smaller aircraft, UPS says it will be able to get a higher payload because the MD-11 is a more efficient aircraft. It can fly direct from Hong Kong to Anchorage, avoiding a refueling stop in South Korea.
Spokesman Mark Giuffre said the MD-11, one of three now in the UPS fleet, will have a payload of about 155,000 pounds, compared to 115,000 pounds on the 747 if it were to fly non-stop from Hong Kong to Anchorage. From Anchorage, the aircraft will fly to UPS’s main hub in Louisville. Return flights will stop in Anchorage and Incheon before landing in Hong Kong.
United Parcel Service has laid off thousands of Teamsters as customers divert shipments to other carriers ahead of a possible strike at the end of the month, a UPS official said Wednesday. “Our customers are very anxious and very concerned,” said Chris Mahoney, senior vice president for global transportation and labor relations. “The closer we get [to the July 31 contract deadline] the more customers are going to divert to non-union carriers.”
Read MoreUnited Parcel Service Canada Ltd. has delivered a new shot at Canada Post, emboldened by a European Commission decision forcing Deutsche Post to repay about $840 million to the German government for using monopoly profits and state aid to subsidize its commercial courier operation.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
