Author: Archive

Post offices to offer electronic int'l transfers

Posted by | Jan 25, 2006 | |

The postal services of Colombia (Adpostal) and Ecuador (Correos del Ecuador) were scheduled to sign an agreement on Wednesday to permit electronic transfers of cash between the two countries, Colombia’s presidential website reported.
Once the agreement is signed, both countries will have 90 days to implement a system to allow the transfers. The agreement is backed by the Universal Postal Union and the Unión Postal de las Américas, España y Portugal, which are providing technical assistance.

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Nissan Renault Alliance renews contract with TNT Logistics UK

Posted by | Jan 24, 2006 | |

Nissan, on behalf of the Nissan Renault Alliance, has renewed its UK distribution contract, worth in excess of €30 million (£21m), for a further three years with TNT Logistics. The companies have worked in close partnership for 14 years. The operation involves delivering vehicle parts from a single national parts distribution centre at Lutterworth, Leicestershire, delivering through the night to over 400 Nissan and Renault dealerships, five nights a week.

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Emirates Post declares record net profit of Dhs. 133 million for 2005

Posted by | Jan 24, 2006 | |

Emirates Post Corporation today announced record net profit of Dhs. 133 million for the year 2005, an increase of 6 per cent over the previous year. Announcing the financial results at a press conference in Dubai, Mr. Abdullah Al Daboos, Director General of Emirates Post, said the corporation is aiming for a 6 per cent increase in net profit in 2006. A budget of more than Dhs. 109 million has been allocated for new projects. Mr. Al Daboos said Emirates Post had not only succeeded in raising the bar on services, but also added a host of non-postal services and made moves towards further diversification, as part of a larger goal of turning Emirates Post into a holding company that will ultimately control various business units.

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New SingPost express courier service shortens delivery time

Posted by | Jan 24, 2006 | |

Delivery time for overseas packages is now shorter and less of a hassle, thanks to a new express courier service by SingPost. Speedpost Express, which taps the delivery network of DHL Express, allows for shorter delivery time and pre-Customs clearance. Under the new service, the delivery times for popular destinations such as Malaysia, Hong Kong and China are on average one to two days faster than other courier services currently provided by SingPost.

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Norwegian DHL Express extends terminal for 2.5 mln Euro

Posted by | Jan 24, 2006 | |

DHL Express Norge has invested over 20 mln Norwegian crowns (USD3.1 mln/2.5 mln euro) in an extended logistics terminal in Bergen, on Norway’s west coast, DHL Express Norge managing director Neel Frankman said on January 24, 2006. The terminal was built to meet the demand from the steadily increasing transport activities in the western region of Vestlandet. Previously, DHL Express Norge operated two logistics terminals. The company will now handle air, land and sea transports from the extended terminal. Moving-in is scheduled for January 28, 2006.

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FedEx Express to acquire express business of Chinese transportation company DTW Group

Posted by | Jan 24, 2006 | |

FedEx Corporation announced today that its FedEx Express unit had signed an agreement with Tianjin Datian W. Group Co., Ltd. (“DTW Group”) to acquire DTW Group’s 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group’s domestic express network in China for USD400 million. FedEx and DTW Group entered into a joint venture agreement in 1999. JPMorgan acted as exclusive financial advisor to FedEx. PricewaterhouseCoopers acted as exclusive financial advisor to DTW Group. The acquisition will include: DTW Group’s 50 percent share in the International Priority express joint venture, converting the joint venture into a wholly FedEx-owned company; the DTW Group assets used to perform International Priority services; and DTW Group domestic express assets from 89 DTW Group locations.

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Target formulises Belgian tie-up

Posted by | Jan 23, 2006 | |

Target Express has signed a three-year agreement to use Belgian Post’s global postal network for international deliveries.
The agreement provides a formal structure for a relationship that has evolved over two years of trials.

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