Jose Antonio Orozco, vice chairman of Spanish transport and distribution company Transportes Azkar SA, has raised his stake in the company to 5.175 pct, the company reported to the Spanish stock market regulator CNMV on September 6, 2004.
The daughters of the chairman Luis Fernandez Somoza reduced their stake to 2.57 pct from 4.0 pct.
Read MoreDeutsche Post, the German postal services operator, has revealed that the goal for achieving a breakeven for the US activities is dependent on certain conditions. John Fellows, Chairman and CEO of DHL Holdings Inc. explained that reaching breakeven would depend on the economic situation in the US and that achieving the planned growth rates was paramount. DHL is expecting the current financial year to end in a deficit of around 248m Euros in the US.
Read MoreFedEx Freight has opened new, expanded service centers in Aurora, Ill., and Fremont, Ind. The carrier has also increased its capacity at five other locations. “Ongoing investment in our infrastructure has always been a critical component of our success,” said Douglas G. Duncan, president and CEO, FedEx Freight. “Our goal is to stay ahead of the curve by anticipating customer demand for our service and proactively expanding or opening new facilities to add the necessary capacity to our network. These strategically-placed facilities allow us to more effectively handle additional freight from our customers, which has been spurred by a recovering economy and increasing implementation of fast-cycle logistics.”
Read MoreMersey Docks: Interim Results for 6 months to June 2004
Read MoreNorway Post supports the Ministry of Transport and Communications’ proposal to open up for full competition in the postal market from 1 January 2007, provided that Norway Post is given the opportunity to compete on the same terms as other players in the market. This means that Norway Post must be free to fix its prices. Uniform postage rates can only be maintained if the Norwegian state is willing to pay the additional costs.
Read MoreThe U.S. Postal Service had net income of USD 2.79 billion, or USD 703.3 million over budget, from Oct. 1 to July 31, the agency said last week. Also, mail volume was up, and expenses are under plan. USPS fiscal and operating statements showed that revenue totaled USD 57.6 billion, 0.1 percent better than planned, but down 0.3 percent from the year-ago period. Expenses of USD 54.8 billion were 1.2 percent under the planned budget, but up 2.6 percent versus the year-ago period. Total year-to-date mail volume of 171.5 billion pieces increased 1.3 percent from a year ago. Standard and International mail grew 5.1 percent and 4.6 percent, respectively. But several classes saw declines. Periodicals and Express Mail both fell 3.3 percent; Priority Mail, 2.4 percent; First-Class, 1.7 percent; and Package Services, 0.1 percent.
Read MoreGermany’s semi-public entity Deutsche Post is among several bidders for a 25-percent stake in the Danish postal service Post Danmark which is being privatised, a source at the transport ministry said Tuesday. The ministry declined to identify the bidders or the amounts of their offers. But Deutsche Post said Monday that it had submitted a bid. Financial analysts here estimate the value of the 25-percent stake at 1.5 billion kroner (201 million euros, 242 million dollars).
Read MorePrime Minister Junichiro Koizumi’s policy-setting panel agreed Tuesday to divide state-backed Japan Post into four entities in April 2007, paving the way for the government to adopt a basic policy for Koizumi’s postal privatization scheme. The Council on Economic and Fiscal Policy agreed the four entities will operate under a holding company by inheriting postal services currently run by Japan Post — mail delivery, postal savings, “kampo” life insurance, and the management of the network of over-the-counter services at post offices. Whether to split Japan Post into the entities at the start of the postal privatization process was the biggest issue in the ongoing debate on the future of Japan’s postal services.
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