Hermes Develops European B2C Network/media/documents/public/market-flash/300-400/mf380.pdf ·...

Market Flash Issue 380 | 15 October 2008

EUROPE

HermesDevelopsEuropeanB2C

Network

B2CBigGrowthArea

FillonRulesOutLaPostePrivatisation

500DaystoBecomee-Delivererof

Choice

CurbedGermanVATExemption

SwissPosttoControlNewspaper

Delivery

ÖsterreichischePostExpands

PublisherHoltzbrinckTakesOver

PINUnits

Trans-o-flexServesLifeSciences

inAustria

PriceIncentivesforEco-Friendly

DirectMail

RussianPostWorkswithMicrosoft

DaimlerSwitchestoLowerCost

Services

Itella’sNetPostiIntegrateswithOnline

Bank

SwissPostAnnualReportBestin

Country

ItellaExtendsEstonianDrop-Off

Network

DHLRaisesPricesinEurope

DePost/LaPostetoBuy

Tachimetafores

AMERICAS

USPSVisionLooksto2013

PostalEmployeesUrgedto

SaveEnergy

CanadaPostTop100Employer

Again

FedExExpressGoesDomestic

inMexico

ChangestoUSExportInformation

Rules

FedExLeadsContractTeam

ASIA-PACIFIC

KiwibankProfitBolstersNewZealand

Post

FreightTrainsfromChinatoGermany

TNTAddsBranchesinChina

DHLJapanOpens2ndClinical

TrialsHub

In this issue

www.ipc.be To access breaking news on the postal industry, visit our website www.ipc.be and subscribe to the RSS feeds. News archives and reports can also be accessed from our on-line media centre. Market Flash readers who have not yet requested a password, can do so by contacting Britt Janssens at

[email protected]

Hermes Develops European B2C Network

print next

German parcels group Hermes is working on establishing cross-

border operational standards to exploit what it sees as a market

opportunity for a pan-European business-to-consumer (B2C)

network serving the growing cross-border e-commerce sector.

Regina Müller, Hermes’ head of strategic development, said at

the POST-EXPO conference in London that the opportunity exists

to create the first European business-to-consumer network for

domestic and cross-border parcels. The challenge, she believes, will

be to ensure consistent service across all markets, a reliable returns

service, full track and trace, attractive pricing and cost control.

The European B2C market is forecast to reach EUR 10.5 billion by

2016 with the United Kingdom, Germany and France representing

71 percent of revenue.

Ms Müller said the next-largest markets will be Italy, Austria, Spain

and the Netherlands, but smaller markets will have to be included

in a European network in order to serve customer needs fully.

Hermes’ present network incorporates Germany, the UK

(Parcelnet), France (Mondial Relay), Austria and Italy (Porta a Porta).

Ms Müller said Hermes will increase its present thirty percent stake

in the Italian company in January 2009 and will build up a full B2C

network in Italy.

Meanwhile, Hermes Logistik Gruppe is taking a new European

identity and is integrating the freight forwarding business of its

parent, Otto Group, in order to target the European market with

an expanded product and service range.

THE NATURAL PARTNER FOR THE POSTAL INDUSTRY

mailto:[email protected]

http://www.ipc.be

Issue 380 | 15 October 2008 print next

Hermes Develops European B2C Network continued

The company will rebrand as Hermes in 2009 with a new, modern

logo. Full introduction of the corporate brand Europe-wide is

scheduled to be completed on all vehicles and retail outlets by the

end of 2010.

The rebranding is one element in a forthcoming international

expansion. “Hermes is increasingly positioning itself as an inter-

national service provider with innovative services for business and

private customers,” said Martin Kreiter, head of marketing.

Hermes will take over the international freight volumes of the

Otto Group and other existing customers with trade flows from

Asia. It is in discussions with major customers about combining

transport flows for distribution through its network.

The merged business will combine Hermes’ expertise in full load

shipments and B2C deliveries with the import freight expertise of

Otto International Logistics.

Europe

B2C Big Growth Area

Speakers at the POST-EXPO conference in London agreed that

B2C delivery and international deferred services will be the major

growth areas in the next few years.

Home delivery will grow strongly as consumers shop increasingly

on the internet while deferred delivery growth will be driven by

business customers’ need to find more cost-effective solutions in

the difficult trading environment.

The United Kingdom’s Parcelforce Worldwide concentrates on the

B2C market but will focus more on high-value home deliveries

in future. Royal Mail will handle lower-value parcels, according

to Parcelforce managing director David Smith. He predicted that

operators might begin offering consumers delivery time slots.

DHL has addressed the issue of achieving successful delivery to

consumers by using local couriers in the UK to make evening

deliveries up to 21.00 hours.

Ken McCall, chief executive officer of DHL Express UK, said

couriers had achieved unprecedented levels of first time delivery

success. He believes that customers who order online do not want

to go out to collect their goods.

Speakers agreed that the B2C market will segment between

premium delivery for high value goods and standard delivery for

low-value items.

EuropeAmericasAsia-Pacific

THE NATURAL PARTNER FOR THE POSTAL INDUSTRY PAGE � - Issue 380


PAGE 3 - Issue 380THE NATURAL PARTNER FOR THE POSTAL INDUSTRY

Fillon Rules Out La Poste Privatisation

The French Prime Minister, François Fillon, has ruled out privati-

sation of La Poste in an interview with Les Echos newspaper.

“I am convinced that La Poste will need financial resources

to develop further if it does not want to see other European

companies take its place. This will not happen through privati-

sation,” he said.

He did not explicitly reject the idea of transforming La Poste into

a limited company but did suggest that one option to ensure its

financing could be a strategic partnership with the savings bank,

La Caisse des depôts.

In August, La Poste group president Jean-Paul Bailly unveiled

plans to restructure into a limited company and to float a minority

holding on the stock exchange to raise EUR 2.5 to EUR 3.5 billion

for investment in growth (Market Flash No 378).

The postal unions opposed the plan and staged a one-day strike in

September (Market Flash 379). Responding to the Prime Minister’s

comments in Les Echos, one union, Sud-PTT, said the suggestion

to involve La Caisse des depôts did not protect La Poste from

privatisation.

500 Days to Become e-Deliverer of Choice

Postal operators have about 500 days to seize the opportunities

offered by e-commerce before other businesses step in, according

to James Roper, chairman of e-retail intelligence firm, IMRWorld.

org.

Mr Roper was addressing the World Postal Business Forum at

POST-EXPO 2008 in London. He criticised “inertia” by postal oper-

ators in their response to the “huge opportunity” to become the

deliverers of choice for the e-commerce sector.

“About 5,000 days have gone by since the first secure online

transaction took place on 11 August 1994,” he said. “I estimate

posts have about 500 days left to grasp the opportunity that e-

retailing represents before others do.”

He pointed out that several new distribution companies are

already responding to market needs. Some were exhibiting at

POST-EXPO, including ByBox which is converting 700 phone

booths in London into “intelligent” drop boxes.

Mr Roper believes postal operators can do much to resolve the

“trust issue” that continues to limit growth in e-commerce.

He told postal operators they should leverage their reputation

as trusted third parties. Their networks would benefit from an

expected dramatic increase in growth in the next three years—an

estimated ninety percent of all sales are predicted to be affected

by the internet by 2020.



PAGE � - Issue 380THE NATURAL PARTNER FOR THE POSTAL INDUSTRY

Curbed German VAT Exemption

The German Cabinet has agreed that Deutsche Post’s exemption

from VAT should be reduced and that competing postal operators

offering a universal service should enjoy the same tax status as

Deutsche Post.

If approved by parliament, the draft law will take effect in January

2010. Deutsche Post will be required to charge VAT, currently at

nineteen percent, on a range of products mostly for business,

such as bulk mail services.

In addition, the VAT exemption will be removed from parcels

weighing between 10 kg and 20 kg; heavy mail items such as

books, catalogues, newspapers and magazines weighing more

than 2 kg; express deliveries, receiver-pay products and individ-

ually agreed services.

Letters up to 2 kg, addressed parcels up to 10 kg and addressed

heavy mail up to 2 kg will remain VAT exempt. Other postal

companies will also enjoy exempt status if they offer a nationwide

universal service.

The government said in a statement that the proposed law aims

to “stay abreast of liberalisation in the postal market.”

It noted that the plan meets a demand at the European Union

level for changes in tax exemptions on value added services.

The European Commission has started legal proceedings against

Germany over Deutsche Post’s exemption on the grounds that it

presents an obstacle to free competition.

Deutsche Post’s competitors welcomed the Cabinet decision but

sought faster and tighter implementation. TNT Post called for

improvements to the draft law to remove what it sees as inexact

phrasing open to various interpretations. It said there was no real

reason for the long transition period to January 2010.

Mario Frusch, chief executive officer of TNT Post Germany,

commented: “The best solution would be a uniform system

whereby all postal service providers would be required to charge

the full VAT rate. Optionally, single consignments sent by private

consumers—fewer than fifty items—could continue to be exempt

from VAT. The law must not leave any room for interpretation. It

needs to be improved. Deutsche Post AG must not be given any

scope for circumventing charging VAT on business mail.”

Swiss Post to Control Newspaper Delivery

A new venture, majority-owned by Swiss Post, will consolidate

early-morning delivery of German-language newspapers in

Switzerland.

Media companies NZZ Group and Tamedia are to transfer their

newspaper and magazine delivery services to Swiss Post under a

letter of intent signed in September.

Swiss Post will manage a newly formed company in which it will

hold a 75 percent stake. NZZ and Tamedia will each hold 12.5

percent.

The consolidation of delivery service contracts and stakes held by

the three partners include Zuvo Zustell und Vertriebsorganisation

AG, Zuvo holdings in other delivery organisations, Presse Vertriebs

GmbH, Espace Media Groupe, Bevo AG and Prevag AG.

In a linked deal, Swiss Post is to sell to Tamedia a 75 percent share

in Räber Information Management which operates the online

portal, search.ch. This has 2.5 million customers in Switzerland.

Swiss Post said the portal had seen positive development but

planned synergies with its core business had been only marginally

fulfilled. It will retain a 25 percent stake.




Österreichische Post Expands

Österreichische Post has acquired 24VIP Logistics Services in

Bosnia and Herzegovina in order to strengthen further its presence

in eastern and south Eastern Europe as it continues to expand.

Based in Sarajevo, 24VIP specialises in the B2B market and delivers

about 100,000 parcels and pallets a year. It generates annual

revenue of EUR 1.8 million.

Publisher Holtzbrinck Takes Over PIN Units

German publishing group Georg von Holtzbrinck has bought six

insolvent PIN Group companies and major stakes in a further six.

The units are in the metropolitan area of Berlin, the five former

German Democratic Republic states, Lower Franconia and

Freiburg.

Holtzbrinck is expected to combine the PIN mail delivery units

with its logistics business to complement its current service offer.

Originally it helped to form PIN but sold its shares to Axel Springer,

which shut off financing for the group in December 2007 and

triggered its insolvency (Market Flash No 363).

The insolvency administrator for the PIN Group, Bruno M Kübler,

said the sale to Holtzbrinck would preserve a sizeable part of

the network. He is reported to be in negotiations with potential

investors for the remaining twenty units.

In April, two key subsidiaries, PIN Mail and PIN Logistics, were sold

to the group’s strategic linehaul network partner, Xanto, for an

undisclosed sum.

PIN Mail was the biggest of the group’s subsidiaries handling

“several hundred thousand” letters a day from major mailers such

as telecommunications companies.

Trans-o-flex Serves Life Sciences in Austria

Trans-o-flex has opened a temperature-controlled centre in Austria

for pharmaceutical and health industry products. It will provide

next-day, national delivery and 48-hour international delivery for

shipments originating in Germany.

The centre, in Graz, is operated by Scherübl, a subsidiary of Trans-

o-flex unit ThermoMed specialising in temperature-controlled

transport. The building includes chilled sorting and storage space

and temperature-controlled loading bays.


print next


Price Incentives for Eco-Friendly Direct Mail

Royal Mail is offering financial incentives to customers introducing

direct mail to its network downstream to improve the environ-

mental sustainability of their mailings.

It is offering discounts on its downstream access prices of up to

GBP 0.07 per item to companies that meet a range of environ-

mental standards. These include improved use of data services

and suppression of addresses that do not wish to receive direct

mail.

There are two levels of participation. Businesses achieving entry

level will receive a GBP 0.03 per item discount. To qualify, they

must satisfy six requirements including use of recyclable, respon-

sibly sourced materials, inclusion of recycling messages on mail-

pieces and accurate addressing in accordance with Royal Mail’s

Postcode Address File.

To qualify for the additional GBP 0.04 per item discount, mailers

must meet a further six requirements including use of environ-

mentally accredited suppliers, 95 percent address and postcode

accuracy and information to recipients on how to opt out of

future mailings.

Royal Mail believes the incentive will be of particular interest to

customers with their own sustainability programmes. It has iden-

tified further criteria which it will consider incorporating in a third

level incentive.

The initiative for downstream business follows the launch of

a carbon neutral door-to-door scheme for retail, end-to-end

customers. This offers advice on how to source environmentally

friendly materials and effective recipient targeting.

Royal Mail’s Mailing House Scheme provides incentives to mailing

houses engaged in good environmental practice and high stan-

dards of mail addressing and presentation.

Russian Post Works with Microsoft

Russian Post has signed a cooperation agreement with the

Microsoft Corporation to modernise its IT infrastructure and

services.

Over three years, Microsoft Rus will work with Russian Post on the

implementation of projects in areas including electronic resources

monitoring and a unified e-mail service. They will exchange tech-

nological and marketing information.

“Russian Post, with its huge diversified branch network is facing a

difficult task of unifying communication processes,” said deputy

managing director Andrej Pogodin. “The cooperation with

Microsoft within the current agreement gives us a great oppor-

tunity to optimise the IT infrastructure.”


Issue 380 | 15 October 2008



Daimler Switches to Lower Cost Services

German automotive company Daimler is saving distribution costs

by switching more international express shipments to deferred

services.

The company uses all four integrators: DHL, TNT, United Parcel

Service and FedEx and is considering adding a fifth company.

It has centralised its express and parcels planning and created

an intranet tool, CEPRIS, to integrate agreements and nego-

tiated rates with operators and to provide a single database for

reporting purposes.

“Our demand for economy services is growing,” said Gerd

Pomberger, head of global planning and procurement for CEP

services. He added that the company is under enormous cost

pressure and in need of “competitive” rate levels.

Itella’s NetPosti Integrates with Online Bank

Itella has signed an agreement with S-Bank to integrate its elec-

tronic transaction service with S-Bank’s online bank, NetPosti.

Netposti will allow S-Bank to create e-invoices that look like its

paper invoices and to generate other electronic documents, such

as payslips sent as letters.

Itella president and chief executive officer, Jukka Alho said

consumers will be able to manage the entire invoice process

through one service.

Swiss Post Annual Report Best in Country

Swiss Post’s Annual Report is the best in Switzerland according to

the University of Applied Sciences of Northwestern Switzerland,

which studied the quality of annual reports published by Swiss

companies.

The University reviews economic, social and ecological factors of

corporate management. It attaches considerable importance to

transparency.

Swiss Post came first out of 41 finalists and achieved a score of

288 out of 317 (91 percent).

To view the Swiss Post annual report 2007, click here

Itella Extends Estonian Drop-Off Network

Itella has enhanced its B2C network in Estonia through agree-

ments with two drop-off terminal operators, SmartPost and R-

Kiosk.

It is to use fifty R-Kiosk indoor outlets in Estonia’s biggest cities.

These operate extended opening times seven days a week and

provide personal service.

A new agreement with SmartPost will give Itella access to twenty

automated parcel machines from November. This follows a trial in

Tallinn.

The company is widening its service portfolio in Estonia to cover

the whole supply chain for distance sales customers.


http://www.ipc.be/index.php?option=com_reports&task=section&id=7&Itemid=350#



DHL Raises Prices in Europe

DHL Express is to increase its rates in Europe by 4.5 percent from

December 1 because of overall inflation and rising operating

costs. It said it was announcing the increase early in an effort to

give customers a chance to adapt their own business planning.

De Post/La Poste to Buy Tachimetafores

De Post/La Poste of Belgium is believed to be close to buying

the express business of Hellenic Post – ELTA. According to press

reports, De Post/La Poste is heading a consortium to purchase

Tachimetafores, which has revenues of EUR 30 million. The

Express Unit is up for sale as part of ELTA’s search for a strategic

partner ahead of postal liberalisation.


Blackbay to Supply Royal Mail Mobile ComputersRoyal Mail has chosen Blackbay to supply real - t ime mobi le computers for 25,000 delivery vehicles. These will provide proof of delivery for tracked products.

Kerschbaumer Moves from DPWN to DHLGeorge Kerschbaumer is the new executive vice president of the DHL commercial division and has jo ined the g loba l management board. He was previously executive vice pres-ident of corporate development at Deutsche Post World Net.

New Communications Chief for DPWNChr i s to f Eh rha r t i s t o be Deutsche Post World Net’s new head of corporate communica-tions in charge of group-wide internal and external commu-nicat ions, corporate spon-sorship and worldwide brand management. He succeeds Manfred Harnischfeger who wi l l mainta in contact as a consultant.

DHL Centre Opens at Lille-FretinDHL Express France has opened a centre for sorting, distribution and customs clearance in Lille-Fretin, France to strengthen its air express network. The EUR 1 million facility is part of the company’s investment programme for its European network.

Flights in Northern Austria DoubledDHL Express Austria has doubled the number of flights between Blue Danube Airport in Linz and Northern Austria with five weekly flights on a Leipzig-Linz-Ljubljana rotation.

>>In Brief - Europe



Americas

USPS Vision Looks to 2013

The United States Postal Service has published Vision 2013, its

new-style five-year strategic plan which shows how it intends to

adapt to customer needs by balancing current priorities with long-

term requirements.

The goal of the plan is to maintain affordable universal service.

Postmaster General John Potter says in a letter to the chairman

of the board of governors, that customers will be at the centre

of all efforts and the engagement of all stakeholders will be the

measure of success.

He states: “In this time of uncertainty, we see opportunity to build

on a solid foundation. We will continue to invest in the Intelligent

Mail barcode, flexible networks, the new Flats Sequencing System

and other initiatives that promise new gains in service, efficiency

and customer value in the years ahead.”

Vision 2013 acknowledges that service improvement and cost

reduction remain crucial for hard-pressed postal customers and

the mailing industry.

“We know we must deliver additional value and develop new,

innovative ways for businesses and consumers to use our products

and services. Our new marketing structure will allow us to adapt

and respond more quickly to tap new sources of revenue and

volume,” Mr Potter continues in his letter.

He acknowledges that the new Postal Act is a first step to

providing flexibility for the Postal Service to adapt its products

and pricing to market requirements. “We need to build on these

fundamental principles and to work with lawmakers to assure we

have the necessary flexibility to meet future customer needs,” he

says.

“Our goal is to bring new services to market more quickly,”

Vision 2013 states. “We will reengineer our product and service

development process from idea generation through review,

testing, resource allocation and market introduction. We will build

from our core businesses, expand product lines and marketing

channels, develop new features and services and make more

productive use of our assets.”

Vision 2013 includes a strategic aim to pursue new alliances with

partners that can complement or extend existing services, or help

the Postal Service to enter profitable markets. Partnerships can

also provide opportunities to leverage Postal Service assets, partic-

ularly its retail locations, the document states.

To read this report, click here


http://www.ipc.be/index.php?option=com_publications&task=section&id=13&Itemid=264



Postal Employees Urged to Save Energy

United States Postmaster General John Potter has urged

employees, suppliers and partners to become personally respon-

sible for energy conservation and to actively support the Postal

Service’s stated goal of reducing energy use by thirty percent by

2015.

Launching a year-long campaign to increase awareness and create

results for energy conservation, Mr Potter hosted an “unplugged”

event that demonstrated photovoltaic equipment used throughout

the Postal Service and some alternative fuel vehicles including the

T3, a pilot three-wheeled vehicle that runs on electricity.

Senior postal managers are reviewing a national energy

management plan that identifies goals and standards for energy

reduction and consumption for facility energy management, fleet

management, fuel use and energy consumption.

Canada Post Top 100 Employer Again Canada Post has been designated one of the Top 100 Employers

in the country for the third year running following a review by

Mediacorp of 16,000 companies invited to participate.

To be included in the Top 100, companies must show their quality

in terms of physical workplace, work and social atmosphere,

health, financial and family benefits, vacation and time off,

employee communications, performance management, training

and skills development, and community involvement.

“On behalf of our 72,000 employees, I’m very proud that Canada

Post has been recognised as a Top 100 Employer for the third year

in a row,” said Moya Green, president and chief executive officer.

FedEx Express Goes Domestic in Mexico

FedEx Express has launched a domestic overnight service in

Mexico, FedEx Express Nacional.

The service covers all 32 Mexican states. It will be supported by

a centre that has just opened in Toluca and a second in San Luis

Potosi will open early next year.

The express shipping market in Mexico is valued by the Mexican

Civil Parcel and Shipping Association at USD 822 million and is

projected to grow to USD 1.5 billion in the next ten years, says

FedEx.




Changes to US Export Information Rules The United States Postal Service has issued guidance that the US

Census Bureau is now requiring mandatory filing of export infor-

mation through the Automated Export System (AES) for all inter-

national shipments that previously required a Shipper’s Export

Declaration.

It says that export information currently filed in hardcopy on

Commerce Form 7525-V, Shipper’s Export Declaration, will no

longer be accepted.

FedEx Leads Contract Team The United States Transportation Command (USTRANSCOM) has

awarded a contract worth an estimated USD 1.37 billion to FedEx

and its team, a consortium that includes Air Transport, Atlas

Air, Northwest Airlines, Omni Air International, Polar Air Cargo

Worldwide and Tradewinds Airlines.

The contract is for international airlift services including transport

of Department of Defence cargo and passengers.


FedEx Office Lays Off EmployeesFedEx Office has announced it is laying off 200 employees as part of a company-wide realignment which includes closing twenty stores.

>>In Brief - Americas


PAGE 1� - Issue 380THE NATURAL PARTNER FOR THE POSTAL INDUSTRY

Asia-PacificKiwibank Profit Bolsters New Zealand Post

The success of Kiwibank boosted New Zealand Post’s profits in

2007/08 as revenue and profit from postal services declined.

Net profit for the year to June 30 rose by 26.9 percent despite

high fuel prices, the international credit crunch and declining

consumer activity. The increase came from Kiwibank and a one-

off gain of NZD 24.8 million from the creation of the express joint

venture with DHL.

New Zealand Post chief executive officer, John Allen said that

traditional postal and retail businesses were affected by the

economic slowdown during the second half of the year.

Overall revenue rose by 7.9 percent, but postal services reported

a fall from the previous year. Postal profits dropped to NZD 58.7

million from NZD 68.9 million.

Mail volumes dropped by 1.5 percent but parcel volumes rose by

one percent.

Looking ahead, Mr Allen said the first six months of the new

financial year would prove very challenging, but the long term

outlook was positive thanks to diversification into banking and

courier services.

Freight Trains from China to Germany

A scheduled, 17-day, Trans Eurasia Express freight train service

between China and Germany is about to launch following a trial

run.

DB Schenker, the transport and logistics division of Deutsche

Bahn, has reported that a container train has already travelled

from Xiangtang in China carrying high-end items manufactured

in China for Fujitsu Siemens Computers (FSC).

DB Schenker collaborated with Russian Railways and Chinese

Railways on the 10,000 km journey.

Heribert Göggerle, senior vice president supply operations at FSC,

commented: “Shipping IT products by rail is more flexible and

about thirty percent faster than by ocean freight. And compared

with air freight, we save around a quarter of the costs with a 95

percent reduction in CO2 emissions.”

The train travelled through China and Mongolia before crossing

the border to Russia near Irkutsk. It then continued along the

route taken by the Trans-Siberian Railway via Novosibirsk, Omsk,

Ekaterinburg to Moscow. From there it travelled through Belarus

and Poland on its way to Germany.




TNT Adds Branches in China

TNT will add eight branches to its international express network in

China by the end of the year, bringing the total number of inter-

national express branches to 34.

Most of the new branches will be in the Pearl River Delta and the

Yangtze River Delta, China’s key manufacturing and export hubs.

DHL Japan Opens 2nd Clinical Trials Hub

DHL Exel Supply Chain has launched its second clinical trial

logistics hub in Japan.

The 2,760sq metre facility in Aomi provides space for randomi-

sation to help make clinical trials more efficient.

DHL launched its clinical trials business in March 2007. It provides

pharmaceutical companies with warehouse management and

transportation, tracking, operational management and compliance

with clinical trials regulations for supply chain operations.

FedEx Increases Vietnam AirliftFedEx Express is serving both Hanoi and Ho Chi Minh City five times a week with its new A310 freighter service that has expanded its airlift to Vietnam five-fold.

Asia-Pacific Air Freight Volume DeclinesInternational air cargo traffic volume declined by 2.7 percent in August. Total air freight volumes were impacted by a 6.8 percent drop in interna-tional freight shipped by carriers in the Asia-Pacific region; these comprise 45 percent of global air cargo markets.

>>In Brief - Asia-Pacific


Issue 380 | 15 October 2008

PAGE 1� - Issue 380THE NATURAL PARTNER FOR THE POSTAL INDUSTRY

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ABOUT THIS PUBLICATION

IPC Market Flash is a bi-weekly newsletter providing a comprehensive look at new developments emerging in the international postal marketplace. It is published by the Markets and Communication Department of the International Post Corporation.

IPC Market Flash is sent out exclusively to IPC member posts. If you would like to contribute an article or photograph to this publication please contact us via email at [email protected] or send your submissions to : IPC Head of CommunicationAvenue du Bourget, 441130, Brussels Belgium

While every care has been taken to ensure the accuracy of this report, the facts and estimates stated are based on information and sources which, while we believe them to be reliable, are not guaranteed. No liability can be accepted by International Post Corporation, its directors or employees, for any loss occasioned to any person or entity acting or failing act as a result of anything contained in or omitted from this report.

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