Tag: Worldwide

UK Post office buyout plans grow

Posted by | Nov 5, 2005 | |

An attempt to launch a buyout of the loss-making post office network will move a step forward today when a postmasters’ group meets potential US investors in London to try to secure up to Pounds 150m of funding.

The buyout, which would have to be approved by the government and parliament, would break up the state-owned Royal Mail, which is understood to be strongly opposed to the proposal. Royal Mail declined to comment yesterday.

The initiative by Postmasternetwork, which says it represents 7,500 postmasters, has thrown a spotlight on the troubles of the post office network. Royal Mail and its sole shareholder, the government, face a conundrum over what to do with the network, which lost Pounds 110m in 2004-05.

The problem is exacerbated by the fact that the government subsidy of Pounds 150m a year for rural post offices is due to end in 2008. Even if the government wanted to renew this subsidy, European competition rules might prevent it.

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Deutsche Post Q3 EBIT 560-860 mln eur vs 484 mln eur

Posted by | Nov 3, 2005 | |

Deutsche Post AG will report next Thursday that third quarter EBIT rose to between 560-860 mln eur from 484 mln, as strength in logistics and financial services operations compensated for weakness in its domestic mail operations, analysts said.

They expect third quarter sales to reach between 11.040 and 11.881 bln eur, up from 10.669 bln eur.

Third quarter net is seen between 290 and 408 mln eur, up from 169 mln, analysts said. They noted that part of this increase stems from accounting changes, as Deutsche Post’s EBIT figure benefits from the discontinuation of goodwill amortisation, which carries through to the bottom line.

During the 2.00 pm CET conference call, analysts will focus on Deutsche Post’s efforts to integrate its DHL express operations in France and the UK.

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Irish An Post braces itself for strike

Posted by | Nov 3, 2005 | |

Management and unions at An Post are bracing themselves for the start of industrial action tomorrow despite the intervention of the Government’s partnership watchdog in the dispute.

The National Implementation Body (NIB) invited both parties to separate talks at Government Buildings yesterday.

The body wants to broker a way out of the impasse with a two-week notice for strike action lapsing tomorrow afternoon.

The threatened strike by 8,500 Communications Workers’ Union (CWU) members is over the company’s refusal to pay the full increases due under the partnership agreement, Sustaining Progress.

The Labour Court recommended in July that the increases be paid provided postal staff agreed to a range of work practice changes in the company’s collection and delivery service.

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APX Logistics US appoints new Director of Postal Affairs

Posted by | Nov 3, 2005 | |

APX Logistics, a leading provider of business-to-consumer shipping solutions, is pleased to announce the appointment of Chester A. “Chet” King as Director of Postal Affairs.

“Chet’s past experience with the United States Postal Service has prepared him to take on this new and critical role as Director of Postal Affairs for APX Logistics. As a core member of the initial team that organized the Expedited/Package Service Business Unit in 1997, he truly understands the tremendous opportunities that exist in the package delivery market,” said Brad Garberich, CEO of APX Logistics.

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