Author: Archive

Belgian De Post/La Poste to cut capital to 270 mln Euro

Posted by | Nov 15, 2005 | |

Belgian postal service company De Post/La Poste plans to decrease its capital to 270 mln euro (USD315.7 mln) from 603.6 mln euro (USD705.8 mln), Bruno Tuybens, the Belgian Secretary of State for Public Enterprise, said on November 12, 2005, confirming media reports.

The capital reduction is a ‘routine accounting practice’, Tuybens added.

The move is not linked with the planned deal, in which a consortium led by Danish post office Post Danmark will buy a stake in De Post/La Poste, nor with the amount distributed by the postal company to the Belgian government, Tuybens said.

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TNT unveils USD 2.5 million Gulf expansion

Posted by | Nov 15, 2005 | |

TNT Express has unveiled a USD 2.5 million expansion to enhance and expand its Gulf-wide ground infrastructure. The company is to open new road hubs in the UAE, Bahrain and Saudi next year as well as an additional trucking facility in Kuwait. This latest investment is a direct response to TNT’s rapid regional growth as the company focuses on improving its penetration across Gulf markets over the next five years. ‘Our non-document and road products are growing at 40% each year and have significantly contributed to annual revenue growth of over 30%. It is widely anticipated that these growth rates will prevail for another three to four years,’ said Mark Pell, TNT’s Managing Director, Gulf.

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Minister ends hope of private capital for UK Royal Mail

Posted by | Nov 15, 2005 | |

Royal Mail chairman’s hopes of raising private investment for the organisation have been dashed by the Trade and Industry Secretary, who will use legislation to sanction shares only for employees. Allan Leighton had wanted to bring in investment in return for a 10 per cent holding in Royal Mail, in addition to giving a 20 per cent stake to its employees. However, Alan Johnson, the Trade and Industry Secretary, has told The Times that the Government would consider only employee ownership of the state-owned organisation in a share trust. Mr Johnson said that Mr Leighton had done “a tremendous job” at Royal Mail, but added: “Whatever idea he had, he understands completely that we will not privatise Royal Mail . . . We are looking at a share trust and that is the only thing we are looking at in terms of the ownership of the company.”

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DHL to build largest US on-airport service center in Charlotte, N.C.

Posted by | Nov 15, 2005 | |

DHL today announced plans to build its largest US on-airport service center facility at the Charlotte Douglas International Airport in North Carolina. DHL expects to invest USD6 million in the development of the new facility, consolidating four Charlotte, N.C.-area facilities into a single service center location. The new 80,200-sq.-ft. facility will serve the Charlotte, N.C. and surrounding areas, including Morrisville, Concord, Kings Mountain and Salisbury, as well as parts of South Carolina. The new facility will enhance the efficiencies of the Southeast operation and improve service delivery times as well as provide a later pickup service offering for customers in the area.

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DHL set to invest USD70 mln in Incheon Airport

Posted by | Nov 15, 2005 | |

DHL is considering investing USD70 million to build a cargo terminal and warehouse at Incheon International Airport, the main gateway to South Korea, government officials said Tuesday. DHL’s chief executive Frank Appel will deliver such an investment offer to Minister Choo Byung-jik on Wednesday, according to the officials at the Ministry of Construction and Transportation.
DHL’s holding company Deutsche Post World Net is set to invest USD20 million for its cargo terminal and USD50 million for its air cargo warehouse at the airport, the officials said.

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John Hogan new CEO for Hagemeyer UK

Posted by | Nov 15, 2005 | |

Hagemeyer is pleased to announce that John Hogan (44) has been recruited as the new CEO for Hagemeyer UK and Ireland. His mission is to complete the Hagemeyer UK turnaround and realise the growth potential of the Hagemeyer UK business. His appointment as CEO of Hagemeyer UK and Ireland and as a member of the Hagemeyer PPS Executive Committee will take effect from 21 November 2005.
John Hogan is an experienced chief executive with an impressive track record in international parcel, freight and logistics businesses.

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TNT and Cosco enter strategic partnership to jointly develop China and Asia Pacific logistics business

Posted by | Nov 14, 2005 | |

Cosco Group together with TNT unveil a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business. As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world’s recognised leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers. The new 50/50 JV is expected to be operational in 2006.

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New national chair for Postwatch

Posted by | Nov 14, 2005 | |

Secretary of State for Trade & Industry, Alan Johnson, has appointed Urmila Banerjee as the new National Chair of The Consumer Council for Postal Services.
Urmila (Millie) Banerjee CBE is a Non-Executive Director on the Board of the communications regulator Ofcom and a Member of the Strategy Board of the Cabinet Office. She will take up her post as Postwatch Chair on 1 December 2005.
Welcoming her appointment Alan Johnson said: “I am delighted that Urmila Banerjee has agreed to be the new Postwatch Chair. She brings considerable experience to the role at a time of significant change within postal services and consumer representation. I am sure she will make a valuable contribution in shaping the strategic direction of Postwatch and their ongoing work in support of postal users.” The Secretary of State also paid tribute to the outgoing Chair, Peter Carr.

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