Austrian Post, German trans-o-flex launch cooperation

Austrian postal company Oesterreichische Post AG (Post) has concluded a cooperation agreement with German freight company trans-o-flex for the delivery of business shipments within Austria and those eastern European countries where Post AG is represented, the company said on December 12, 2005.

Under the terms of the agreement Post AG will handle all shipments between business customers under the market name “EURODIS”, starting January 1, 2006. tran-o-flex, in its turn, will deliver all Post AG shipments in Germany.

“EURODIS” is a comprehensive logistics network, covering 19 European countries.

With the cooperation, Post AG (www.post.at) will seek to strengthen the market positions of its southern European subsidiaries, Post AG CEO Anton Wais said.

trans-o-flex generated sales of 430.8 mln euro ($503.9 mln) in 2004. Deutsche Post AG divested its stake in trans-o-flex six months ago.

Adapted by AII Data Processing for APA.