ARCEP Annual Report 2005
ARCEP Annual Report 2005
Read MoreTag: Worldwide
Russian post could break under rising salaries?
According to forecasts, Russian Post’s losses will be some 6bln rubles (USD 230mln) in 2007, despite the fact their incomes will grow by about 20% from 58bln rubles (USD 2,2bln) to 70bln rubles (USD 2,7bln). This was announced by Igor Sirtsov, the company’s General Director during the CeBIT exhibition. He said the company’s losses will grow if it continues increasing the employee’s salaries without any compensation from the government for postal services.
Mr. Sirtsov admitted that Russian Post ended 2006 with considerable losses for the company, however refused to mention the figure (the company announced earlier its losses would be some 2bln rubles or USD 77mln). In 2005 the company announced 100mln rubles revenues.
The post’s head said the Russian Federal Tariff Service is now considering two ways to change the tariff policy. He added that the first way is to increase tariffs and the second – to receive support from the government.
Despite all the problems Russian Post is continuing its development. The company intends to enter foreign markets. And the first in the company’s list is the German market, where Russian Post intends to open an office soon. Igor Sirtsov said they studied thoroughly the experience of their foreign collogues in tuning the postal traffic. The company will act on its own and offer its services to the Deutsche Post and other large German companies on the market. The company say the work results in Germany will show if it is worth opening similar offices in other countries with large Russian diasporas, like Israel for instance.
TNT adds to Singapore life sciences market
TNT, a leading provider of global express services, today announced the official opening of its life sciences focused regional distribution centre (RDC) in Singapore.
The TAPA ‘A’ and Good Distribution Practice certified facility, which spans 65,500 square feet, was built at an investment of more than USD 5.2 million.
The establishment of the facility is expected to boost the company’s market leading position in Singapore where it currently dominates over 60 percent of the outsourced R&D logistics for the life science industry.
Lim Siong Guan, chairman of the Economic Development Board, called the investment a “significant milestone” for Singapore’s logistics and biomedical sciences industries and a re-affirmation of Singapore’s position as an air express and global logistics hub.
Read MoreDM volumes drop by 2.1% in 2006
Volumes in direct mail are continuing to fall with just over 5bn items sent in 2006, a dip of 2.1%.
Figures from Royal Mail published this week also showed that expenditure dropped by 2.1% to £2.32bn and consumer DM volumes fell by 1.6% to just below 4bn items. Business DM fell 3.6% to just over 1bn.
But over the last quarter of 2006 charities, government and health sectors and building societies boosted their volumes of DM. Charities boosted their use of DM by 9.1% to 132.2m items while the government sent out 17.4m mailings, up by 6%.
Royal Mail market development manager Emily Travis said: “The charity sector has long recognised the benefits of direct mail and these figures reinforce its importance to them as a marketing tool.”
Overall volumes in the fourth sector of 2006 were at 958.6m compared to 1bn in the same period last year.
Read MoreUnited Parcel Service "market perform"
Analysts at Morgan Keegan reiterate their “market perform” rating on United Parcel Service Inc.
In a research note published this morning, the analysts mention that although the company has a few longer-term growth opportunities, there seems to be a lack of potential catalysts for multiple expansion and substantial earnings growth in the near term. United Parcel Service’s recent acquisitions have boosted the company’s presence in key areas such as the United Kingdom and Poland, the analysts say. The company expects the transition towards online purchases to favour the small package business beyond 2007.
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