Author: Archive

Postbank: Best quarter in the history of the company

Posted by | Aug 9, 2004 | |

With a considerable upturn in profit before tax to 289 million euros, Deutsche Postbank AG published its figures for the first half of 2004. For the first time since the IPO on 23 June, the Bonn-based bank presented figures on the development of business. Wulf von Schimmelmann, Chairman of the Postbank Board of Management, stated to journalists in Frankfurt am Main: “We were able to successfully deploy the momentum and the increased visibility from our IPO. At Postbank the growth trend is intact. The second quarter of 2004 was the most successful quarter in the history of our company.”

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TPG to provide value-added services to Isuzu

Posted by | Aug 9, 2004 | |

TPG N.V., through its division TNT Logistics in Thailand, has been awarded a 5 year-contract by Isuzu Motors to provide value-added services such as Complete Knock Down operations and exports of parts and components from Thailand to Isuzu facilities around the world. The contract, which has a total value of 40 million Euros, is the largest automotive logistics contract ever awarded to a third-party logistics provider in Thailand.

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A new EEC Directive on working hours will cause serious security issues for the parcel industry

Posted by | Aug 9, 2004 | |

Trying to keep up with the myriad EEC Directives, which are constantly spawned from the Brussels hotbed of activity, is causing a nightmare for every UK industry sector. Logistics companies will not be spared the sea of paperwork as a new EEC Directive on working hours is proposed.
John Pritchard, Head of Security at Tipton based Nightspeed Secure Worldwide Express is concerned about the issues of security that the proposed new legislation will jeopardise.
He said: “If the 48 hour a week rule is inflicted on to parcel carriers it will mean taking on more staff. The parcel industry as a whole has a high turnover of drivers and warehouse staff and there is already a shortage of personnel.”

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FedEx to acquire leading parcel consolidator Parcel Direct

Posted by | Aug 9, 2004 | |

FedEx Corp have announced an agreement to acquire Parcel Direct, a division of Quad/Graphics, for USD120 million in cash. Parcel Direct is a leading parcel consolidator and will add a new dimension to the FedEx portfolio of services. The transaction is expected to close during the second fiscal quarter and is subject to customary conditions, including Hart-Scott-Rodino clearance. Based on Parcel Direct’s current size, this acquisition is not expected to have a material effect on the fiscal 2005 financial results of FedEx.

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Pall-Ex Is Best For European Distribution!

Posted by | Aug 9, 2004 | |

Pall-Ex, the Number One pallet network, has been named by the Institute of Transport Management as European Transport and Distribution Specialist 2004. The recognition comes as Pall-Ex continues to expand its European operations and following the recent launch of Pall-Ex Europe, the pan-European service which offers coverage five nights per week, making it the most comprehensive pan-European distribution service in the pallet sector.

The ITM selected Pall-Ex from a wide range of competitors in the pallet distribution market. “The company stood out because of its proactive approach to the European delivery market,” said Patrick Sheedy, Media & PR Director of the ITM and Chairman of its Transport and Distribution Committee. “This award is a true testament to the years of hard work put in by all at Pall-Ex and I have no doubt that this progress will continue for many years to come.”

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USPS Treasury loans fall to zero in June

Posted by | Aug 9, 2004 | |

The Treasury’s lending to the U.S. Postal Service dropped to zero in June from USD7.3 billion at the end of fiscal 2003 amid USPS restructuring.
In its June activity report, the Treasury’s Federal Financial Bank said its holdings of USPS debt dropped to nothing at the end of June from USD306.6 million a month earlier.
The debt holdings had been falling in previous months from their 2003 fiscal year-end level, which was down from USD11.1 billion a year earlier.
In congressional testimony on March 23, Postmaster General John Potter said legislation last year to reform the USPS retirement system, combined with cost reductions, helped the Postal Service boost income and slash debt.

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Pay rise for Australian postal workers

Posted by | Aug 9, 2004 | |

About 35,000 postal workers will get a four per cent pay rise from Monday, in an Australia Post bid to sideline the militant communications union.

The automatic rise has been granted despite the failure of six months of talks between the parties to reach a formal enterprise agreement.

Australia Post spokesman Matt Pollard said it was hoped the payment would break the resolve of union members to take further industrial action.

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UK Royal Mail Group re-release Penny Black

Posted by | Aug 9, 2004 | |

The most famous stamp in the world, the Penny Black, will appear again on letters 163 years after its original issue.

Royal Mail will issue a complete image of the stamp when it celebrates the 250th anniversary of the RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce) on 10 August.

The world’s first postage stamp, issued between 1840 and 1841, will be shown on the 1st Class stamp, one of six issued to mark two and a half centuries of the RSA’s contribution to innovation and creativity.

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