POSTAL NEWS
No 66 -2019
Formulated by UNI Apro Post and Logistics Sector
Parcel pending to expand to new markets with the help of new President. August 15, 2019.
New USPS eBuy system to debut in 2020.August 15, 2019.
China’s Postal Sector saw rapid growth in July.
August 14, 2019.
Quantum Capital Partners to acquire Postcon business of PostNL. August 13, 2019.
CUPW Statement: Foodora unionization vote. August 13, 2019.
Parcel pending to expand to new markets with the help of new President
August 15, 2019
Parcel Pending, the global package delivery solution specialist, has appointed veteran executive Greg Memo as President, effective immediately.
In his new role, Memo will focus on expanding Parcel Pending’s market share across multifamily and other vertical markets such as retail, grocery and commercial.
Lori A. Torres, Founder and CEO of Parcel Pending commented: “Greg is an accomplished leader with a proven track record of executing strategic initiatives, leading innovative product teams and driving revenue growth for global powerhouse companies like Apple Inc., Cisco Systems and Compaq Computer, as well as other technology startups.
“We’re honoured to have him join and lead our team during this exciting growth phase, and we are confident that he will help solidify Parcel Pending’s position as the market leader in innovative locker solutions for package management.”
Memo joins Parcel Pending from Renovate America, a tech-enabled financing platform for home improvement, where he led the Product Strategy, Business Development and Sales functions.
“I am thrilled to join Parcel Pending during this pivotal growth phase,” stated Memo. “We’re expanding at an exponential rate, and I look forward to help scale the company for this rapid growth, while ensuring that we have the most innovative locker solutions for our multifamily and other key vertical segments.”
Parcel Pending delivers 1.5 million packages monthly in over 48 states in North America and Canada. The company was founded in 2013 and in January, Parcel Pending was acquired by Paris-based Neopost, for more than $100 million USD.
Source : https://postandparcel.info/112112/news
New USPS eBuy system to debut in 2020
August 15, 2019
The Postal Service is planning to introduce a new version of its eBuy purchasing system.
The new system — eBuy Plus — will be available in February 2020.
Optimized for the latest internet browsers, eBuy Plus will feature an intuitive interface, advanced reporting tools and updated search engine capabilities designed to improve the user experience.
The Postal Service’s Supply Management and Information Technology teams are developing the system and will provide updates as the process continues.
Source: https://www.postaltimes.com/postalnews
China’s Postal Sector saw rapid growth in July
August 14, 2019
China’s postal sector registered a rapid growth in business revenue in July, according to official data from from the State Post Bureau.
The sector’s business revenue surged 22.9% to 75.86 billion yuan (about 10.79 billion U.S. dollars) last month. Meanwhile, business volume hit 132.18 billion yuan, up 33.7% year on year, the statement said.
China’s express delivery firms handled 5.25 billion parcels in July, up 28.6% from one year earlier. Their total revenue soared 26.3% year on year to reach 60.84 billion yuan.
In the first seven months, business revenue of the postal sector amounted to 528.71 billion yuan, up 21.3% year on year, the statement added.
Source : https://postandparcel.info/112051/news
Quantum Capital Partners to acquire Postcon business of PostNL
August 13,2019
Quantum Capital Partners and PostNL have signed an agreement on the sale of the activities of Postcon, the number-two mail provider in Germany and a subsidiary of PostNL. The transaction is subject to a number of conditions, including regulatory approval, and is expected to close before the end of 2019.
Steffen Görig, CEO and founder of Quantum Capital Partners, commented, “Postcon is the leading alternative mail provider in Germany in a challenging market environment. We look forward to continuing the growth path in the nationwide business, to further developing the last-mile business, and to enhancing operational and administrative efficiencies. We are keen to support the team on the road to success and are confident that we can realize Postcon’s full growth potential.”
Herna Verhagen, CEO of PostNL, added, “This transaction will allow Postcon to further develop its activities and strengthen its position in the German postal market. The sale of Postcon marks another step in our strategy of focusing on our core markets in the Netherlands and Belgium and supporting the transformation of PostNL into an e-commerce logistics service provider.”
Postcon processes over 1 billion letters a year and has a market share of about 10% in Germany. Together with its partners, its reach includes every household in the country.
Postcon has modern sorting centers all across Germany, as well as a company-owned delivery structure in the Rhineland and Ruhr areas. The company has around 5,300 direct and indirect employees.
Source : https://www.parcelandpostaltechnologyinternational.com/news
CUPW Statement: Foodora unionization vote
August 13, 2019
Over the last several months, Foodora couriers in Toronto and Mississauga have come together to fight for respect, better working conditions and fair compensation through a push for union certification with the Canadian Union of Postal Workers (CUPW).
We are grateful for the support of all our allies and know how much potential change is riding on this vote.
The results will not be available until the Ontario Labour Relations Board has resolved the contested issues raised by both Foodora and CUPW.
“Legally, Foodora can fight us and drag this out, but the reality is undeniable: we’re united and we’re still growing. There’s no question of whether our union is real. The only question is: what will it take to get Foodora to bargain with us collectively? A lot of eyes are on Foodora right now, and they’d be better off to recognize us and come to the negotiating table so we can work together to solve our issues” – Alexander Kurth, Foodora courier and union organizer.
Source : https://www.cupw.ca/en
POSTAL NEWS
No 65 -2019
Formulated by UNI Apro Post and Logistics Sector
DHL Ireland sees 13% rise in profits. August 15, 2019.
Parcels in the air. August 14, 2019.
Japan Post to end Saturday standard mail delivery. August 13, 2019.
UPS announces CFO succession plan. August 12, 2019.
Postbank: warning strikes before the second round. August 12, 2019.
Austrian Post H1 2019. August 9, 2019.
DHL Ireland sees 13% rise in profits
August 15, 2019
Pre-tax profits at the Irish arm of international distribution giant DHL last year increased by 13 % to €3.14 million, as revenues also climbed, reports Independent.ie.
New accounts filed by DHL Express (Ireland) Ltd show that the firm enjoyed the increase in profits as revenues went up by 6 %, to €98.5 million.
The directors stated that growth was driven by increases in international air express shipments – both exports and imports.
They added that with the profit for the period, the firm “has delivered another successful year of growth in 2018”.
Last year, numbers employed in Ireland by the firm increased from 356 to 361, with staff costs increasing marginally, from €19.66 million to €19.87 million.
The firm recorded an operating profit of €3.29 million.
Source : https://postandparcel.info/112115/news
Parcels in the air
August 14, 2019
Australia Post and Qantas have extended their domestic and international air freight agreement. The seven-year agreement is valued at over $1 billion, and is on top of Australia Post’s multi-year $900m investment in its parcel network.
The boom in e-commerce parcels and the growing emphasis on speed is reflected in the announcement that Qantas will add three new freighters to its fleet.
Qantas has seven freighters, and three new Airbus A321 freighters are due to come into service in October 2020 thanks to this deal. The new freighter can carry 50 per cent more freight than the current Boeing 737 freighters. Qantas will be the first airline in the world to operate the A321 as a freighter aircraft.
In short: more speed, more capacity.
“Last year we flew more than 400 tonnes of mail on our busiest night, and more than 40 million parcels during December; this year, we expect to exceed both those targets.” - Australia Post CEO/MD Christine Holgate
Australia Post will have access to Qantas Freight’s dedicated freighter aircraft and priority access to the cargo space on up to 1,500 Qantas and Jetstar passenger flights to over 110 destinations each day, in addition to space on partner airlines globally.
“The e-commerce market could double in Australia over the next five years to $50 billion, from the current $25 billion. Online is 10 per cent of the market. We believe it will get to 20 per cent by 2025.” - Christine Holgate
About 25 to 30 per cent of Australia Post’s e-commerce parcels are carried by air. When you consider the vast distances between Australia’s major population centres, and the very low population density in between, it’s easy to understand why express parcels are carried by air. Some major domestic e-commerce retailers only operate one fulfilment centre for the whole country. Even Amazon only has two fulfilment centres.
This paucity of local FCs will change as companies such as Fulfilio (owned by Australia Post) start to gain traction.
Letters and Parcels
Earlier this month Australia Post announced a planned 10% increase to letter prices, to take effect from the beginning of 2020.
Letter volumes are falling - and have fallen so much that last year posties were able to deliver 45% of all parcels. These parcels typically weigh under 2kg, and are carried by posties riding small motorbikes. A small but growing part of Australia Post’s delivery fleet consists of electric delivery trikes.
Interestingly enough, about 20 per cent of the volumes Qantas will carry under the deal will be letters.
Source :http://www.thepostalhub.com/blog
Japan Post to end Saturday standard mail delivery
August 13, 2019
Japan’s Internal Affairs and Communications Ministry has accepted a proposal from a government panel to end Saturday delivery for standard mail in the country due to a labor shortage at Japan Post Co. and a drop in demand because of increased use of the internet.
According to The Japan Times, the ministry will seek to amend the law this fall, with Saturday deliveries potentially terminated next year. The panel also proposed that next-day delivery for standard mail be ended.
Japan Post, a unit of Japan Post Holdings Co., has been calling for a review to trim standard mail service hours to five days a week from the current six, to address the workforce shortage, The Japan Times reports.
The company estimates the changes will lift its profit from the postal service business by ¥62.5bn (US$594m) through reduced labor costs, which are on the rise due to the staffing shortfall.
Saturday delivery for parcels is to remain, along with express and registered mail. The postal service unit is considering a 10% cut in charges for express mail in return for discontinuing Saturday mail service. The panel also proposed extending the standard delivery time limit of three days to four days to maintain stable services.
Source : https://www.parcelandpostaltechnologyinternational.com/news/delivery
UPS announces CFO succession plan
August 12, 2019
UPS (NYSE:UPS) today announced Richard Peretz, UPS Chief Financial Officer, 57 plans to retire. Brian Newman, 50 currently Executive Vice President, Finance and Operations, Latin America for PepsiCo, is appointed UPS Chief Financial Officer, effective September 16, 2019.
Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company. Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.
Newman is a proven senior corporate leader with extensive finance, operations, corporate strategy and information technology experience. He served in positions of increasing responsibility at PepsiCo over 26 years and has worked in Asia, Europe, Russia and the U.S. in various corporate, regional and sector assignments. He began his career in investment banking prior to joining PepsiCo. In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.
“I am very pleased to welcome Brian to UPS’s senior management team,” said David Abney, UPS Chairman and CEO. “Brian’s deep finance knowledge and broad cross-functional experience will be a great asset as we continue our Transformation. He will contribute to our drive for improved growth and operating performance, and he will support our strategies focused on the long term success of the company.”Richard Peretz was appointed UPS CFO in 2015 and served in numerous roles throughout his 38 year career with UPS.
“On behalf of the company and the entire Board of Directors, I thank Richard for his commitment and substantial contributions to UPS,” said Abney. “Richard’s leadership and guidance helped the company achieve strong financial and operational performance, and have well positioned the company for the future. I am pleased that Richard will help facilitate a smooth leadership transition.”
“I am proud to have been part of such a great company and to have participated in UPS’s extraordinary growth during my years here,” said Peretz. “I am confident in the management team and appreciative of all the opportunities I have been given throughout my career at UPS.”
Peretz joined UPS in 1981. He held a series of finance leadership positions of increasing responsibility, including district controller supporting UPS's expansion into the Americas, and he was a key member of the team responsible for UPS’s IPO in 1999. Peretz was named Chief Financial Officer of International in 2003, and promoted to Corporate Finance Vice President in 2007, where he oversaw a broad range of finance staff areas. He was named Corporate Controller in 2013, and expanded his role to include Corporate Treasurer in 2014.
Source : https://www.pressroom.ups.com/pressroom
Postbank: warning strikes before the second round
August 12, 2019
Ver.di has asked the employers of Deutsche Bank (DB) Privat- und Firmenkundenbank AG to submit a negotiable offer for the employees with Postbank collective agreements in the upcoming round of negotiations on 13 and 14 August 2019. The first round in June had no result, so that ver.di called on the Postbank employees for the first warning strikes before the second round of negotiations. The employer side had not submitted an offer. It is being negotiated for around 12,000 employees at parts of DB Privat- und Firmenkundenbank AG,
Postbank Branch Sales, BHW-Kreditservice and other subsidiaries (Betriebscenter für Banken, PB Service, PB Direkt, PB Firmenkunden AG). In North Rhine-Westphalia, Bavaria, Saxony, Saxony-Anhalt and Thuringia, parts of Brandenburg and Saarland, Rhineland-Palatinate and Baden-Württemberg have already had warning strikes in recent weeks. The result was delays and branch closures.
"With an offer, employers could have shown appreciation to employees," says ver.di negotiator Jan Duscheck on the current situation. "With that they could have averted warning strikes. Now we expect the employers to have understood the signal and to submit a negotiable offer in the second round. "
Among other things, ver.di demands an increase of salaries by 7 percent, at least 200 euros, with a term of 12 months. Employees should be able to choose whether they want to receive more money or more free time. Furthermore, ver.di demands an increase in the training allowance by 100 euros. For ver.di members, six days of health and discharge are also required.
The second round of negotiations will take place on 13 and 14 August 2019 in Bonn / Siegburg.
Source : https://www.verdi.de/themen/nachrichten
Austrian Post H1 2019
August 9, 2019
Austrian Post can look back at a very good first half-year 2019. Driven by a robust mail business and strong growth in the parcel segment, Austrian Post’s Group revenue increased to EUR 981.1m, implying an increase of 2.7%. Both the Mail & Branch Network Division (+1.3%) and the Parcel & Logistics Division (+7.8%) showed a positive development in the reporting period.
The mail business is impacted by the ongoing substitution of traditional letter mail by electronic forms of communication as well as by a structural decrease in the Direct Mail business. The uncertainty related to the General Data Protection Regulation is perceivable in this segment. The financial service business continues to decline as a result of the termination of the cooperation with BAWAG P.S.K. The Mail & Branch Network Division contributed slightly above 70% to the total Group revenue of Austrian Post in the first half of 2019. The new product and postage rate model, additional revenue from the elections and one-off mailings have positively impacted the revenue of the Mail & Branch Network Division, in contrast to the fundamental drop in addressed letter mail volumes and lower Direct Mail revenue.
Austrian Post has benefited from the dynamic market growth in the parcel business attributable to the ongoing online shopping trend, resulting in steady growth of parcel volumes. The related competitive intensity and price pressure remain high. The Parcel & Logistics Division generated close to 30% of Group revenue in the reporting period and continued to show an upward trend. Revenue growth of 7.8% in the parcel business was driven primarily by the trend towards e-commerce and the accompanying parcel volume increase in Austria. Following the competition authorities’ approval of the cooperation with Deutsche Post DHL Group, parcels have been delivered by Austrian Post since the beginning of August 2019.
Forecasted future parcel volumes provide a strong incentive for Austrian Post to work with high intensity on extensively expanding its parcel logistics capacities in Austria. “Since July 2019 trial operations have been underway at the new parcel logistics centre in Hagenbrunn in the north of Vienna, which will become fully operational in September 2019 and will increase current capacities by 25%”, says Austrian Post CEO Georg Pölzl. Construction of the second parcel logistics centre in Kalsdorf near Graz is proceeding on schedule, with completion expected by mid-2020. In the medium term, both total transport and sorting capacities should be doubled. Moreover, Austrian Post is continuously pressing ahead with the expansion of its service offering of self-service and online solutions, making it even easier and more convenient to send and receive parcels.
EBIT of the Austrian Post Group has increased by 2.5% from the prior-year level to EUR 107.7m on the basis of solid revenue development combined with strict cost discipline.
This strong development in the first half of 2019 should enable Austrian Post to remain consistent with its clear capital market positioning as a reliable dividend stock. Earnings per share have increased to EUR 1.17 compared to EUR 1.12 in the prior-year period.
“Reliability and stability towards our shareholders and other stakeholders of our company remain the focal point of our strategic activities, and, going forward, we would like to continue along this path”, adds CEO Georg Pölzl. “Austrian Post aims to achieve a slight revenue increase for the entire 2019 financial year and stable operating earnings in line with the previous year”, concludes Pölzl.
Source : https://www.post.at/en/footer_about_us_press.php/presse/
No 66 -2019
Formulated by UNI Apro Post and Logistics Sector
Parcel pending to expand to new markets with the help of new President. August 15, 2019.
New USPS eBuy system to debut in 2020.August 15, 2019.
China’s Postal Sector saw rapid growth in July.
August 14, 2019.
Quantum Capital Partners to acquire Postcon business of PostNL. August 13, 2019.
CUPW Statement: Foodora unionization vote. August 13, 2019.
Parcel pending to expand to new markets with the help of new President
August 15, 2019
Parcel Pending, the global package delivery solution specialist, has appointed veteran executive Greg Memo as President, effective immediately.
In his new role, Memo will focus on expanding Parcel Pending’s market share across multifamily and other vertical markets such as retail, grocery and commercial.
Lori A. Torres, Founder and CEO of Parcel Pending commented: “Greg is an accomplished leader with a proven track record of executing strategic initiatives, leading innovative product teams and driving revenue growth for global powerhouse companies like Apple Inc., Cisco Systems and Compaq Computer, as well as other technology startups.
“We’re honoured to have him join and lead our team during this exciting growth phase, and we are confident that he will help solidify Parcel Pending’s position as the market leader in innovative locker solutions for package management.”
Memo joins Parcel Pending from Renovate America, a tech-enabled financing platform for home improvement, where he led the Product Strategy, Business Development and Sales functions.
“I am thrilled to join Parcel Pending during this pivotal growth phase,” stated Memo. “We’re expanding at an exponential rate, and I look forward to help scale the company for this rapid growth, while ensuring that we have the most innovative locker solutions for our multifamily and other key vertical segments.”
Parcel Pending delivers 1.5 million packages monthly in over 48 states in North America and Canada. The company was founded in 2013 and in January, Parcel Pending was acquired by Paris-based Neopost, for more than $100 million USD.
Source : https://postandparcel.info/112112/news
New USPS eBuy system to debut in 2020
August 15, 2019
The Postal Service is planning to introduce a new version of its eBuy purchasing system.
The new system — eBuy Plus — will be available in February 2020.
Optimized for the latest internet browsers, eBuy Plus will feature an intuitive interface, advanced reporting tools and updated search engine capabilities designed to improve the user experience.
The Postal Service’s Supply Management and Information Technology teams are developing the system and will provide updates as the process continues.
Source: https://www.postaltimes.com/postalnews
China’s Postal Sector saw rapid growth in July
August 14, 2019
China’s postal sector registered a rapid growth in business revenue in July, according to official data from from the State Post Bureau.
The sector’s business revenue surged 22.9% to 75.86 billion yuan (about 10.79 billion U.S. dollars) last month. Meanwhile, business volume hit 132.18 billion yuan, up 33.7% year on year, the statement said.
China’s express delivery firms handled 5.25 billion parcels in July, up 28.6% from one year earlier. Their total revenue soared 26.3% year on year to reach 60.84 billion yuan.
In the first seven months, business revenue of the postal sector amounted to 528.71 billion yuan, up 21.3% year on year, the statement added.
Source : https://postandparcel.info/112051/news
Quantum Capital Partners to acquire Postcon business of PostNL
August 13,2019
Quantum Capital Partners and PostNL have signed an agreement on the sale of the activities of Postcon, the number-two mail provider in Germany and a subsidiary of PostNL. The transaction is subject to a number of conditions, including regulatory approval, and is expected to close before the end of 2019.
Steffen Görig, CEO and founder of Quantum Capital Partners, commented, “Postcon is the leading alternative mail provider in Germany in a challenging market environment. We look forward to continuing the growth path in the nationwide business, to further developing the last-mile business, and to enhancing operational and administrative efficiencies. We are keen to support the team on the road to success and are confident that we can realize Postcon’s full growth potential.”
Herna Verhagen, CEO of PostNL, added, “This transaction will allow Postcon to further develop its activities and strengthen its position in the German postal market. The sale of Postcon marks another step in our strategy of focusing on our core markets in the Netherlands and Belgium and supporting the transformation of PostNL into an e-commerce logistics service provider.”
Postcon processes over 1 billion letters a year and has a market share of about 10% in Germany. Together with its partners, its reach includes every household in the country.
Postcon has modern sorting centers all across Germany, as well as a company-owned delivery structure in the Rhineland and Ruhr areas. The company has around 5,300 direct and indirect employees.
Source : https://www.parcelandpostaltechnologyinternational.com/news
CUPW Statement: Foodora unionization vote
August 13, 2019
Over the last several months, Foodora couriers in Toronto and Mississauga have come together to fight for respect, better working conditions and fair compensation through a push for union certification with the Canadian Union of Postal Workers (CUPW).
We are grateful for the support of all our allies and know how much potential change is riding on this vote.
The results will not be available until the Ontario Labour Relations Board has resolved the contested issues raised by both Foodora and CUPW.
“Legally, Foodora can fight us and drag this out, but the reality is undeniable: we’re united and we’re still growing. There’s no question of whether our union is real. The only question is: what will it take to get Foodora to bargain with us collectively? A lot of eyes are on Foodora right now, and they’d be better off to recognize us and come to the negotiating table so we can work together to solve our issues” – Alexander Kurth, Foodora courier and union organizer.
Source : https://www.cupw.ca/en
POSTAL NEWS
No 65 -2019
Formulated by UNI Apro Post and Logistics Sector
DHL Ireland sees 13% rise in profits. August 15, 2019.
Parcels in the air. August 14, 2019.
Japan Post to end Saturday standard mail delivery. August 13, 2019.
UPS announces CFO succession plan. August 12, 2019.
Postbank: warning strikes before the second round. August 12, 2019.
Austrian Post H1 2019. August 9, 2019.
DHL Ireland sees 13% rise in profits
August 15, 2019
Pre-tax profits at the Irish arm of international distribution giant DHL last year increased by 13 % to €3.14 million, as revenues also climbed, reports Independent.ie.
New accounts filed by DHL Express (Ireland) Ltd show that the firm enjoyed the increase in profits as revenues went up by 6 %, to €98.5 million.
The directors stated that growth was driven by increases in international air express shipments – both exports and imports.
They added that with the profit for the period, the firm “has delivered another successful year of growth in 2018”.
Last year, numbers employed in Ireland by the firm increased from 356 to 361, with staff costs increasing marginally, from €19.66 million to €19.87 million.
The firm recorded an operating profit of €3.29 million.
Source : https://postandparcel.info/112115/news
Parcels in the air
August 14, 2019
Australia Post and Qantas have extended their domestic and international air freight agreement. The seven-year agreement is valued at over $1 billion, and is on top of Australia Post’s multi-year $900m investment in its parcel network.
The boom in e-commerce parcels and the growing emphasis on speed is reflected in the announcement that Qantas will add three new freighters to its fleet.
Qantas has seven freighters, and three new Airbus A321 freighters are due to come into service in October 2020 thanks to this deal. The new freighter can carry 50 per cent more freight than the current Boeing 737 freighters. Qantas will be the first airline in the world to operate the A321 as a freighter aircraft.
In short: more speed, more capacity.
“Last year we flew more than 400 tonnes of mail on our busiest night, and more than 40 million parcels during December; this year, we expect to exceed both those targets.” - Australia Post CEO/MD Christine Holgate
Australia Post will have access to Qantas Freight’s dedicated freighter aircraft and priority access to the cargo space on up to 1,500 Qantas and Jetstar passenger flights to over 110 destinations each day, in addition to space on partner airlines globally.
“The e-commerce market could double in Australia over the next five years to $50 billion, from the current $25 billion. Online is 10 per cent of the market. We believe it will get to 20 per cent by 2025.” - Christine Holgate
About 25 to 30 per cent of Australia Post’s e-commerce parcels are carried by air. When you consider the vast distances between Australia’s major population centres, and the very low population density in between, it’s easy to understand why express parcels are carried by air. Some major domestic e-commerce retailers only operate one fulfilment centre for the whole country. Even Amazon only has two fulfilment centres.
This paucity of local FCs will change as companies such as Fulfilio (owned by Australia Post) start to gain traction.
Letters and Parcels
Earlier this month Australia Post announced a planned 10% increase to letter prices, to take effect from the beginning of 2020.
Letter volumes are falling - and have fallen so much that last year posties were able to deliver 45% of all parcels. These parcels typically weigh under 2kg, and are carried by posties riding small motorbikes. A small but growing part of Australia Post’s delivery fleet consists of electric delivery trikes.
Interestingly enough, about 20 per cent of the volumes Qantas will carry under the deal will be letters.
Source :http://www.thepostalhub.com/blog
Japan Post to end Saturday standard mail delivery
August 13, 2019
Japan’s Internal Affairs and Communications Ministry has accepted a proposal from a government panel to end Saturday delivery for standard mail in the country due to a labor shortage at Japan Post Co. and a drop in demand because of increased use of the internet.
According to The Japan Times, the ministry will seek to amend the law this fall, with Saturday deliveries potentially terminated next year. The panel also proposed that next-day delivery for standard mail be ended.
Japan Post, a unit of Japan Post Holdings Co., has been calling for a review to trim standard mail service hours to five days a week from the current six, to address the workforce shortage, The Japan Times reports.
The company estimates the changes will lift its profit from the postal service business by ¥62.5bn (US$594m) through reduced labor costs, which are on the rise due to the staffing shortfall.
Saturday delivery for parcels is to remain, along with express and registered mail. The postal service unit is considering a 10% cut in charges for express mail in return for discontinuing Saturday mail service. The panel also proposed extending the standard delivery time limit of three days to four days to maintain stable services.
Source : https://www.parcelandpostaltechnologyinternational.com/news/delivery
UPS announces CFO succession plan
August 12, 2019
UPS (NYSE:UPS) today announced Richard Peretz, UPS Chief Financial Officer, 57 plans to retire. Brian Newman, 50 currently Executive Vice President, Finance and Operations, Latin America for PepsiCo, is appointed UPS Chief Financial Officer, effective September 16, 2019.
Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company. Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.
Newman is a proven senior corporate leader with extensive finance, operations, corporate strategy and information technology experience. He served in positions of increasing responsibility at PepsiCo over 26 years and has worked in Asia, Europe, Russia and the U.S. in various corporate, regional and sector assignments. He began his career in investment banking prior to joining PepsiCo. In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.
“I am very pleased to welcome Brian to UPS’s senior management team,” said David Abney, UPS Chairman and CEO. “Brian’s deep finance knowledge and broad cross-functional experience will be a great asset as we continue our Transformation. He will contribute to our drive for improved growth and operating performance, and he will support our strategies focused on the long term success of the company.”Richard Peretz was appointed UPS CFO in 2015 and served in numerous roles throughout his 38 year career with UPS.
“On behalf of the company and the entire Board of Directors, I thank Richard for his commitment and substantial contributions to UPS,” said Abney. “Richard’s leadership and guidance helped the company achieve strong financial and operational performance, and have well positioned the company for the future. I am pleased that Richard will help facilitate a smooth leadership transition.”
“I am proud to have been part of such a great company and to have participated in UPS’s extraordinary growth during my years here,” said Peretz. “I am confident in the management team and appreciative of all the opportunities I have been given throughout my career at UPS.”
Peretz joined UPS in 1981. He held a series of finance leadership positions of increasing responsibility, including district controller supporting UPS's expansion into the Americas, and he was a key member of the team responsible for UPS’s IPO in 1999. Peretz was named Chief Financial Officer of International in 2003, and promoted to Corporate Finance Vice President in 2007, where he oversaw a broad range of finance staff areas. He was named Corporate Controller in 2013, and expanded his role to include Corporate Treasurer in 2014.
Source : https://www.pressroom.ups.com/pressroom
Postbank: warning strikes before the second round
August 12, 2019
Ver.di has asked the employers of Deutsche Bank (DB) Privat- und Firmenkundenbank AG to submit a negotiable offer for the employees with Postbank collective agreements in the upcoming round of negotiations on 13 and 14 August 2019. The first round in June had no result, so that ver.di called on the Postbank employees for the first warning strikes before the second round of negotiations. The employer side had not submitted an offer. It is being negotiated for around 12,000 employees at parts of DB Privat- und Firmenkundenbank AG,
Postbank Branch Sales, BHW-Kreditservice and other subsidiaries (Betriebscenter für Banken, PB Service, PB Direkt, PB Firmenkunden AG). In North Rhine-Westphalia, Bavaria, Saxony, Saxony-Anhalt and Thuringia, parts of Brandenburg and Saarland, Rhineland-Palatinate and Baden-Württemberg have already had warning strikes in recent weeks. The result was delays and branch closures.
"With an offer, employers could have shown appreciation to employees," says ver.di negotiator Jan Duscheck on the current situation. "With that they could have averted warning strikes. Now we expect the employers to have understood the signal and to submit a negotiable offer in the second round. "
Among other things, ver.di demands an increase of salaries by 7 percent, at least 200 euros, with a term of 12 months. Employees should be able to choose whether they want to receive more money or more free time. Furthermore, ver.di demands an increase in the training allowance by 100 euros. For ver.di members, six days of health and discharge are also required.
The second round of negotiations will take place on 13 and 14 August 2019 in Bonn / Siegburg.
Source : https://www.verdi.de/themen/nachrichten
Austrian Post H1 2019
August 9, 2019
Austrian Post can look back at a very good first half-year 2019. Driven by a robust mail business and strong growth in the parcel segment, Austrian Post’s Group revenue increased to EUR 981.1m, implying an increase of 2.7%. Both the Mail & Branch Network Division (+1.3%) and the Parcel & Logistics Division (+7.8%) showed a positive development in the reporting period.
The mail business is impacted by the ongoing substitution of traditional letter mail by electronic forms of communication as well as by a structural decrease in the Direct Mail business. The uncertainty related to the General Data Protection Regulation is perceivable in this segment. The financial service business continues to decline as a result of the termination of the cooperation with BAWAG P.S.K. The Mail & Branch Network Division contributed slightly above 70% to the total Group revenue of Austrian Post in the first half of 2019. The new product and postage rate model, additional revenue from the elections and one-off mailings have positively impacted the revenue of the Mail & Branch Network Division, in contrast to the fundamental drop in addressed letter mail volumes and lower Direct Mail revenue.
Austrian Post has benefited from the dynamic market growth in the parcel business attributable to the ongoing online shopping trend, resulting in steady growth of parcel volumes. The related competitive intensity and price pressure remain high. The Parcel & Logistics Division generated close to 30% of Group revenue in the reporting period and continued to show an upward trend. Revenue growth of 7.8% in the parcel business was driven primarily by the trend towards e-commerce and the accompanying parcel volume increase in Austria. Following the competition authorities’ approval of the cooperation with Deutsche Post DHL Group, parcels have been delivered by Austrian Post since the beginning of August 2019.
Forecasted future parcel volumes provide a strong incentive for Austrian Post to work with high intensity on extensively expanding its parcel logistics capacities in Austria. “Since July 2019 trial operations have been underway at the new parcel logistics centre in Hagenbrunn in the north of Vienna, which will become fully operational in September 2019 and will increase current capacities by 25%”, says Austrian Post CEO Georg Pölzl. Construction of the second parcel logistics centre in Kalsdorf near Graz is proceeding on schedule, with completion expected by mid-2020. In the medium term, both total transport and sorting capacities should be doubled. Moreover, Austrian Post is continuously pressing ahead with the expansion of its service offering of self-service and online solutions, making it even easier and more convenient to send and receive parcels.
EBIT of the Austrian Post Group has increased by 2.5% from the prior-year level to EUR 107.7m on the basis of solid revenue development combined with strict cost discipline.
This strong development in the first half of 2019 should enable Austrian Post to remain consistent with its clear capital market positioning as a reliable dividend stock. Earnings per share have increased to EUR 1.17 compared to EUR 1.12 in the prior-year period.
“Reliability and stability towards our shareholders and other stakeholders of our company remain the focal point of our strategic activities, and, going forward, we would like to continue along this path”, adds CEO Georg Pölzl. “Austrian Post aims to achieve a slight revenue increase for the entire 2019 financial year and stable operating earnings in line with the previous year”, concludes Pölzl.
Source : https://www.post.at/en/footer_about_us_press.php/presse/