French national postal operator LaPoste said it will record a 700 millioneuros net profit in 2006, up by about25 percent on the figure of 557 millioneuros for 2005. La Poste noted that its balancesheet would be hit by an exceptionalreform-linked contribution of 2 billioneuros to the national pension financingsystem at the end of this year. Internalinvestment this year on new hubs inLorraine and Val de Loire and themodernisation of the postal network(1,100 offices) reached 1.2 billion euros,up … [Read more...] about France’s La Poste reports profit for 2006
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USPS gets Lockheed Martin system
Lockheed Martin has completedthe deployment of 74 AutomatedPackage Processing Systems (APPS) tothe U.S. Postal Service (USPS) undera more than US$300 million contractawarded in 2002. APPS provides thePostal Service with a fully integrated,end-to-end system capable of automaticallysorting high volumes of First-Classpackaged mail, Priority Mail envelopesand parcels, and bundled mail, such asmagazines or catalogues, with greaterefficiency and higher accuracy. The system is capable of … [Read more...] about USPS gets Lockheed Martin system
DP division to save 400-500m euros
Deutsche Post AG's new service divisionwill bring about savings of around100 million euros this year and 400-500million euros per year by 2009, managementboard member Frank Appel toldFrankfurter Allgemeine Zeitung. 'By 2009this division will cut the company's costsby 400-500 million euros annually,'Appel said. Meanwhile, ver.di secretaryWolfgang Abel told daily HamburgerAbendblatt that the trade union expectsDeutsche Post's planned consolidationof its parcel and mail operations will resultin … [Read more...] about DP division to save 400-500m euros
SPI strengthens customs competency
Swiss Post International (SPI) saidit has acquired FM Verzollungs AGin Basel. The customs agency alreadyworks for Swiss Post GLS – a Swiss Postcompany – and handles import andexport customs clearance on its behalf.The acquisition will strengthen SPI'sposition as a leading provider of importand export services. By taking over FM Verzollungs AG,Swiss Post International has expandedits competency in customs clearance.In addition to integrating customsclearance services, which have … [Read more...] about SPI strengthens customs competency
Asia to retain air cargo lead
Air cargo markets in Asia* will continueto lead global industry growthto 2025, says Boeing cargo marketregional director Tom Hoang. The USmanufacturer predicts that Chinesedomestic and intra-Asian markets willexpand annually at 10.8 percent and8.6 percent, respectively, comparedwith an expected 6.1 percent globalrate ? sufficient to triple current trafficrates by 2025. Boeing says that the mature Europeanand North American** marketswill see slower expansion and lowerthan-average growth. Their … [Read more...] about Asia to retain air cargo lead
DFW’s focus on Asia is paying off
With seven Asian airlines currently running 39 flights a week to and fromDallas/Fort Worth International Airport, plus increased interest fromcarriers in using DFW as a transfer hub for cargo between Latin Americaand Asia, DFW has become a major US hub. Karen E. Thuermer reports. Asia is an important market to DFWand represents half of the airport'sairfreight volumes. According to airportstatistics, January - October 2006volumes were up over 22 percent overthe same period last year. This … [Read more...] about DFW’s focus on Asia is paying off
