TPG trying to turn around Australian operation (ABIX Summary)

By Roger Hailey

Dutch logistics and mail group TPG has reported strong first-half results.

First-half revenues rose 18.7 per cent to XEU5.56bn, while net income rose 28.1 per cent to XEU319m. The company reiterated its forecast for full-year growth of between 22 and 25 per cent. Its Express parcels delivery business saw revenue grow 2.8 per cent to XEU2.06bn, but the unit took a 1.7 per cent hit due to the loss of the French Chronopost business to Federal Express of the US. A poor result by Federal Express in Australia meanwhile has the company plotting a “comprehensive” strategy to turn performance around

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PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

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