Author: Archive

Danish state to sell 25 pct stake in Post Danmark to CVC Capital

Posted by | Mar 16, 2005 | |

Transport minister Flemming Hansen is close to selling 25 pct of the state’s shares in the postal service, Post Danmark, to UK-based CVC Capital Partners, daily Berlingske Tidende reported without citing any sources. It also said CVC Capital Partners is expected to pay between 1.0-1.5 bln dkr for the stake in Post Danmark. None of the parties wished to comment on the report but the daily said the agreement is already in place and has now been sent to the government’s coordinating committee. The remainder of the sales process is considered a formality, it added. Deutsche Post AG and TPG NV had also submitted offers for the 25 pct stake, but according to Berlingske Tidende, their bids were lower than that of CVC.

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Deutsche Post/Bayerische Landesbank’s Transoflex sold to Odewald & Cie

Posted by | Mar 16, 2005 | |

Odewald & Cie will purchase Deutsche Post World Net AG and Bayerische Landesbank’s stakes in Transoflex for roughly 200 mln eur, the Financial Times Deutschland reported citing industry sources. Deutsche Post holds 24.8 pct of the freight company and Bayerische Landesbank owns 75.2 pct. Deutsche Post wants to sell its holding because cartel authorities blocked it from acquiring all of Transoflex. All three parties declined to comment on the matter FTD said.

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Drivers sue FedEx over contractor status

Posted by | Mar 15, 2005 | |

Several delivery drivers filed a class-action lawsuit against FedEx Corp. Monday, alleging the company violates South Dakota law by treating drivers as independent contractors instead of employees.

The suit in South Dakota state court claims FedEx failed to reimburse the drivers for job-related expenses, and avoided paying workers’ compensation and unemployment insurance, said attorney Matthew Tobin, of the Sioux Falls firm Johnson, Heidepriem, Miner, Marlow and Janklow LLP.

“This lawsuit is about fundamental fairness, and the right of every employee in South Dakota to be reimbursed for their employment expenses, and to be treated in a manner consistent with the requirements of South Dakota law,” Tobin said in a statement.

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Lufthansa and DHL form specialised transport joint venture

Posted by | Mar 15, 2005 | |

Deutsche Lufthansa AG and Deutsche Post AG’s DHL DanzasAir & Ocean said they set up a joint venture to provide ‘temperature controlled’ transport solutions for the life science industry. The new Florida-based company, called LifeConEx, will help life science companies such as pharmaceuticals prevent damage to temperature-sensitiveproducts, the companies said. LifeConEx will begin operating on April 1 and, according to Lufthansa and DHL, it will be the only firm of its kind.

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Belgian postal regulator launches consultation

Posted by | Mar 15, 2005 | |

The Belgian postal and telecoms regulator, has launched on March 15 a consultation on “the current and future state of the postal sector in Belgium”. Results will help the Belgian government shape its postal regulatory policy. Part of the results will be posted on the IBPT’s website, ibpt.be. Two questionnaires have been sent out : one to the main postal stakeholders in Belgium (members of the “Postal Services Advisory Board” and private postal operators), the other to national regulatory authorities in Europe.The questionnaire to stakeholders aims to gather information on the current size and structure of the Belgian postal marketplace, understand their views and expectations as regards the future European and domestic regulatory framework and the role of the postal regulator.

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UAE delegation unfolds Emirates Post’s growth plans at European postal conference

Posted by | Mar 15, 2005 | |

Addressing the conference, Mr. Abdullah Al Daboos, Director General of Emirates Post, highlighted how in just three years after becoming a corporation Emirates Post had emerged as a leading and dynamic postal player in the region, driven by innovation and diversification. ‘Emirates Post believes there is a need for greater dynamism in postal business. As private companies increasingly enter areas that were once the sole domain of posts, we need to reinvent ourselves to meet the changing customer expectations and business needs,’ Mr. Daboos said. Mr. Daboos referred to Emirates Post’s plan of diversifying into logistics, financial services and retail operations through the postal network. He said Emirates Post was in negotiations to acquire a financial services company and a logistics & cargo company, as part of its diversification plan.

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DHL UAE wins Hitachi data systems logistics contract

Posted by | Mar 14, 2005 | |

Under the contract, DHL UAE takes bulk receipt of spare parts from HDS in The Netherlands, flies them into its express logistics centre in Dubai Airport Free Zone (DAFZA) where they are stored ready for express despatch to regional distributors and customers on demand.

‘DHL was selected after meeting our requirement for high service levels and after demonstrating its international and regional experience on other HDS operations,’ said Henk Witteman European Spare Parts Logistics Manager, HDS.

DHL UAE, the Emirates’ leading air express and logistics provider, has won a fiercely contested Middle East logistics solutions contract from leading storage solutions provider Hitachi Data Systems (HDS), a wholly-owned subsidiary of Hitachi Limited.

‘Other determining factors included the proximity of its DAFZA facility to Dubai International Airport thereby securing speedy turnaround when orders for spares are placed, or a ‘repair and return’ service is needed.’

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TNT expands in Abu Dhabi, Al Ain

Posted by | Mar 14, 2005 | |

The announcement of the expansion by TNT, the leading business-to-business express carrier, was made by Mark Pell, managing director Gulf and Saudi Arabia.

Ben Roberts, former country manager-Kuwait is heading up an expanded sales division in the capital and Al Ain and the company’s new depot in Abu Dhabi is in full swing. The new depot has brought about a streamlining of services and transit times.

TNT has undertaken major expansion of its operations in Abu Dhabi and Al Ain with a major new facility and additional personnel, the company has revealed.

Pell says: ‘We now operate our trucking network in and out of all the GCC countries and we created the Abu Dhabi road hub because of its massive success. We recently opened a new state-of-the-art depot in Kuwait for the same reason. The Abu Dhabi road hub has streamlined our transit time in the UAE and that is why we are stepping up our operation in Al Ain. We can offer customers in Al Ain the best service they have ever had.

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