Deutsche Post World Net AG is considering buying a 25 pct stake in Danish postal service Post Danmark, Deutsche Post management board chairman Klaus Zumwinkel said at a news conference after the release of first-half results.
Deutsche Post is participating in the bidding process for Post Danmark, he said.
Read MoreA privatization of Japan Post into four independent units could increase profits by up to 900 billion yen a year, according to an estimate presented Friday to the government’s postal privatization preparatory office.
The estimate was computed by Sakon Uta, a senior analyst at McKinsey & Co., who attended the day’s meeting of experts convened by the office, government officials said.
The estimate will be presented to a meeting of the government’s key policy-setting panel, the Council on Economic and Fiscal Policy, to be held next Monday, the officials said. The council is headed by Prime Minister Junichiro Koizumi.
Read MoreExel wins £150 million, five-year contract with Nisa-Todays
Read MorePall-Ex has launched Pall-Ex Europe, a full European service, in a partnership with Hellmann Worldwide Logistics. The service will complement its existing partnerships in Spain, Germany and Scandinavia, says the network. Pallets will be transported to the Pall-Ex central hub in Leicestershire for onward trunking to Hellmanns hub in Niederaula, north-east of Frankfurt, from where HWL will deliver to all European destinations.
Read MoreVenture capital company 3i has sold off its stake in West Midlands firm Palletways, one of the country’s leading specialist freight services companies.
Palletways, based in Lichfield, has been acquired by Phoenix Equity Partners, which has backed James Wilson – the former European senior-vVice president of TNT Express Worldwide – as the new chief executive.
3i invested some 8.3 million euros (pounds 5.53 million) in Palletways in May 2002 to fund a management buyout. Since then the company has extended its network across Europe and performed consistently well over the last two years, more than doubling its turnover.
The company operates a national hub and spoke network that allows regional hauliers to deliver small consignments nationwide at low cost.
Read MoreThe government has begun looking into allowing Japan Post to take up international postal delivery services and acquire companies before the privatization of postal services in 2007, according to government sources.
The government plans to review the Japan Post Law that regulates investment by the organization so that it can establish affiliates in foreign countries and form capital tie-ups with private companies, the sources said.
According to the sources, the government apparently plans to speed up the improvement of Japan Post’s mail delivery after the privatization of the postal services so it can compete with international delivery services being offered by foreign postal service firms.
Read MoreCanada Post has eliminated Saturday pickup of mail from
street boxes in some urban areas, but spokesman John Caines said the
move won’t affect delivery times.
The changes, which came into effect July 3, affect about 11,500
street boxes across Canada serviced by about 194 contractors, he
said.
Latvia’s state-owned postal service Latvijas Pasts plans to sign a cooperational agreement with the Finnish postal service Finland Post.
Gints Skodovs, CEO of Latvijas Pasts, said that the agreement is still being worked on, adding that they already cooperate in distributing catalogues.
The two companies plan to expand cooperation for logistics and delivery services in the Baltics and Poland, as well as Russia.
Read More
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