Author: Archive

TNT sells freight management to GEODIS

Posted by | Nov 16, 2006 | |

TNT N.V. today announced that it has signed a Sale and Purchase Agreement (SPA) to sell its freight management business unit to French logistics service provider GEODIS SA. The transaction has an enterprise value of euro 460 million, cash and debt free. TNT estimates cash proceeds of above euro 400 million. The transaction will bring TNT a book gain of well over euro 150 million and is expected to close in the first quarter of 2007 subject to regulatory clearances. Final amounts will be calculated on the basis of completion accounts.
Peter Bakker, CEO of TNT stated: “We bought the business in 2004 primarily based on a rationale related to Logistics. As part of our Focus on Networks strategy we studied the relationship to our express and mail delivery networks and decided that selling the freight management business is the best way forward and will allow TNT to focus on the many growth opportunities that our network businesses offer. I congratulate GEODIS with the acquisition of this excellent business and wish the management and employees continued success.”
Pierre Blayau, Chairman & CEO of the GEODIS group stated: “We are very excited by the acquisition of TNT Freight Management, which is a valuable company and a perfect fit with GEODIS business model. I am pleased to confirm that Jeff Hoogesteger will remain CEO of TNT Freight Management from Headquarters maintained in the Netherlands”.

Read More

DHL deepens commitment in Vietnam with USD 14 million investment

Posted by | Nov 16, 2006 | |

DHL, a leading express delivery and logistics company, today announced an investment of USD14 million for infrastructure upgrades and service expansion in Vietnam from its Express business, as well as a commitment to increase its strategic presence around Vietnam for the DHL Logistics arm.

Under the newly formed DHL-VNPT joint venture, DHL Express will be investing USD14 million into Vietnam, which is earmarked for new facilities in Hanoi, Ho Chi Minh, Haiphong and Danang, as well as fleet upgrades, direct service expansion to key industrial zones, and new vehicles.

The expansion in Vietnam totals DHL’s Asia Pacific investment to more than USD1.7 billion. The logistics infrastructural announcement in China, the expansion of the Incheon facility in South Korea and, within the week, the inauguration of the new Bangkok hub, are part of DHL’ s recent announcements that further reiterate the company’s commitment to the Asia Pacific region.

Read More

Emirates Post signs postal deals with Yemen and Egypt

Posted by | Nov 16, 2006 | |

Abdulla Al Daboos, Director General of Emirates Post, signed memorandums of understanding (MoU) with Mohammed Ali Morgham, Director General of Post Authority of Yemen, and Alaa Fahmi, Chairman of Egyptian National Post Authority.

Under the agreement with Yemen, Emirates Post and Yemen will work together to enhance postal services between the two countries, and start a money transfer service, as well as put together a marketing and promotions plan. In addition, Emirates Post will offer Yemen expertise of its indigenously developed Point of Sale (POS) system for linking post offices through a centralised computerised system.

Emirates Post signed two separate agreements with Yemen and Egypt on the concluding day of the UPU Strategy Conference in Dubai, to boost bi-lateral postal ties.

The agreement also covers use of each other’s mail hub facility, with Yemen using Dubai as a re-routing point and Dubai using Yemen’s hub to reach African countries. A committee made up of representatives from both sides was formed to follow up on the terms listed in the Memorandum of Understanding.

Read More

DHL loses UK chief ahead of post push

Posted by | Nov 16, 2006 | |

DHL Global Mail UK managing director John Ivers has left in the middle of the company’s major assault on the deregulated postal market. It is not known if he has a job to go to.

The company is seeking a permanent replacement but Ivers’ role will be overseen by DHL European chief executive Paul Coutts in the interim.

DHL has also reshuffled its marketing department with the appointment of Rose Nave, who joins from DHL in Germany, as marketing director. She replaces Andy Barrett, who becomes head of product and solutions. Nave will report to Coutts until a full-time managing director is appointed.

Read More

Deutsche Post to hand over running of 200 branches to partner agencies in 2007

Posted by | Nov 16, 2006 | |

Deutsche Post AG is to hand over the running of 200 branches in Germany in 2007 to partner agencies, a company spokesman said.

The partner organisations have not yet been identified, he added.

‘We hope that these cost-effective measures will lead to higher revenues’, he said.

The moves, however, are not expected to have a major impact on the company’s balance sheet, said the spokesman.

He added that the company is not yet in a position to adjust its outlook for 2007.

Deutsche Post employees will not lose their jobs as part of the plans: They will either be transferred to partner branches or to other company departments, said the spokesman.

Areas that will be most heavily hit by Deutsche Post’s plans include Hamburg, Dortmund and Wuppertal, the spokesman said.

Read More

Post Danmark recorded a net profit of DKK 730 million in the first

Posted by | Nov 16, 2006 | |

Post Danmark recorded a net profit of DKK 730 million in the first nine months of
2006, up DKK 177 million on the same period the year before, where results, however, were affected by non-recurring costs of DKK 90 million in relation to employee shares.

Adjusted for this, the net improvement was DKK 87 million.
Total income for the first nine months of the year amounted to DKK 8,634 million, up DKK 223 million or 2.7 per cent on the same period last year.

Read More

Apax sells TSO to Deutsche Post

Posted by | Nov 16, 2006 | |

U.K. buyout shop Apax Partners Worldwide LLP said Wednesday, Nov. 15, it sold its 71% stake in U.K. publisher the Stationery Office to German postal services and logistics group Deutsche Post AG for an undisclosed price.
Deutsche Post is buying TSO through its majority-owned Williams Lea Group Ltd., a corporate information management consultancy, which will use TSO as a launch-pad for its move into public sector business process outsourcing, or BPO.
The private equity firm declined to comment on its return on investment in Britain’s document service.
“The acquisition of TSO gives us a pre-eminent position in public sector BPO,” said Williams Lea CEO Tom Griffiths, in a statement.
The Bonn-based parent company, anticipating the loss of its monopoly next year, hopes the purchase will further reduce its dependence on its domestic mail market.

Read More

Revenue, fuel costs soar for USPS

Posted by | Nov 16, 2006 | |

Record levels of revenue and volume helped the U.S. Postal Service conclude its 2006 fiscal year with net income of USD900 million, but increases in fuel and labor costs limited the financial success.
The FY 2006 year-end financial figures were released Nov. 15 by H. Glen Walker, USPS chief financial officer and executive vice president, during the November meeting of the Board of Governors in Washington.
The postal service’s 2006 fiscal year covered Oct. 1, 2005, to Sept. 30. Total revenue was USD72.8 billion, up 4.0 percent, while total expenses rose 4.9 percent from the previous year to USD71.9 billion. The net deficiency, after including a USD3 billion escrow allocation as required by law, was USD2.1 billion.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest