Author: Archive

DHL France completes first phase of restructuring programme

Posted by | Nov 26, 2004 | |

DHL France, the subsidiary of DHL the transport and logistics division of German Postal Services operator Deutsche Post, has completed the first phase of its restructuring programme. As of 1 January 2005 the company will consist of only four legal structures, compared with 13 previously. These will include a holding company with the name DHL and three subsidiaries, DHL Solutions, DHL Express France and DHL Danzas Air & Ocean. The changes are to be introduced with retroactive effect from 1 January 2004.

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New head for UK Royal Mail pension fund

Posted by | Nov 26, 2004 | |

Royal Mail has appointed a new chairman of its pension fund, currently facing a Pounds 2.5bn deficit. Jane Newell, a non-executive director of United Utilities and chairman of three other pension schemes, will lead the fund’s trustees as they try to solve its financial problems. Royal Mail’s pension hole is the result of the fall in the stock market in the late 1990s and the 13-year contributions “holiday” enjoyed by the group on actuarial advice. Actuaries discovered the deficit in March last year and Royal Mail faces payments of as much as Pounds 800m a year to keep the fund going. Ms Newell replaces Roy Chapman, chairman for the past 10 years, who is retiring at the end of the year. Royal Mail said the change had been planned for some time and was not linked to concerns over the size of the deficit.

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NZ courier firm ready for new competitors

Posted by | Nov 26, 2004 | |

An increasing number of express parcels are whizzing around New Zealand’s buoyant economy, generating strong profit growth for newly listed courier group Freightways. The main competitor to NZ Post yesterday unveiled a better-than-expected 42 per cent rise in net profit for the first four months of the financial year. Freightways shares surged 15 cents, or 6%, to a record 285, nearly double its float price of 160 set before it listed last September. Chairman Wayne Boyd told the group’s annual meeting economic conditions were favourable and trading had been consistently strong. Freightways’ existing customers were increasing volumes and its three courier brands — New Zealand Couriers, Post Haste and Castle Parcels — were winning market share from NZ Post.

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TPG and unions agree new collective labour agreement

Posted by | Nov 26, 2004 | |

TPG, the largest private sector employer in the Netherlands, and the negotiators for the trade unions ABVAKABO FNV, BVPP, CNV Publieke Zaak and VPP have reached an agreement on a new collective labour agreement. This collective labour agreement has a term of one year (1 May 2004 through to 1 May 2005) and covers around 65,000 employees of TPG in the Netherlands.

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French parcel service on block

Posted by | Nov 25, 2004 | |

The French state railway company, Société Nationale des Chemins de Fer Français, said Wednesday, Nov. 24, it was inviting bids from logistics operators for wholly owned parcel delivery service Sernam SA. The Paris-based train operator said its 44%-owned logistics company, Géodis SA, intended to bid, and that accordingly, Géodis executive chairman Pierre Blayau was being suspended from the SNCF board. The auction is the latest step in the consolidation of European logistics businesses. The seller would not say which investment bank is organizing the auction. SNCF was emphatic that it aimed to find an industrial buyer rather than a private equity firm to acquire Sernam.

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Opening of TNT China university

Posted by | Nov 25, 2004 | |

TNT today unveiled its new TNT China University. TNT’s partnership with the prestigious Shanghai Jiaotong University’s Antai School of Management marks the kickoff of an alliance aimed at utilizing each institution’s advantages for the purpose of training local talent in China’s fast-developing industries of logistics, express, and mail service.

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TPN hub capacity doubles to 10,000

Posted by | Nov 25, 2004 | |

It’s not just how many pallets you carry in one year, it’s how well you lay the foundations for the future, says network chairman as he more than doubles hub capacity.

The Pallet Network signed a five-year lease with ProLogis on a brand new hub this week. TPN chairman Richard Eldred says the prestige warehouse just off J1 M6 near Rugby covers 22,000sq m and is more than twice the size of the present hub near Leicester. Minor modifications are to be made to allow more ground-level access and TPN will start using the new site from January 4, 2005.

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India has potential to match booming China business, FedEx says

Posted by | Nov 24, 2004 | |

FedEx Corp. says its business is expanding strongly across Asia and that India could eventually yield as much business for the world’s top air-express company as China already does. “It’s not just China. You’ve got the whole of the region that’s growing in the strong double-digit range,” said David Cunningham, FedEx’s Asia-Pacific president. The company, which vies against US rival United Parcel Service Inc. and Deutsche Post AG’s DHL Express, has posted explosive growth in its China operations in recent years.

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