Spain-Tir, the Spanish transport and logistics company, grew its revenues by 8% in the first quarter of 2004 in comparison with the same period a year earlier. However, no concrete figures were given. In addition the Barcelona-based company announced that it is investing in a new logistics terminal costing over EUR 3 million in the freight terminal at Valencia-Manises airport. The 5,000 sqm facility with 65 truck docks is to be opened in April 2005.
Read MoreThe Spanish logistics provider Grupo Logista reached consolideated net sales of EUR 994.8 million in the first quarter of 2004, a 5.7% increase compared with EUR 941.3 million in 2003. Net profit however slid by 16.7% from EUR 17.3 million to EUR 14.4 million and operating profit (ebitda) sank by 8.3% from EUR 26.94 million to EUR 24.67 million. The loss in earnings was primarily due to a fall in revenue in Grupo Logistas tobacco related business.
Read MoreDHL, the leading express delivery and logistics company, announces that it will enhance the payload capacity of the chartered flight from Shanghai to Hong Kong.
The company’s decision will not only meet the increasing market demand in Asia Pacific region, but also will boost the foreign trade exchange of Yangtze River Delta economic area. In 2003, the chartered flight put into operation, which enables Shanghai to be one member of the DHL Asian aviation network.
Read MoreThe Peruvian air courier service market may increase by 10percent this year with the higher demand for package services (samples) due to the next free trade agreements (Mercosur and US), according to TNT International Express. The courier sector involves two specific products: papers (documents, CDS, diskettes) and packages or samples (finished products with value added).
Read MoreIn January 2002, the United States Postal Service announced an agreement with Royal Mail to use their pan European delivery network to deliver Global Express Mail and Air Parcel Post to 23 countries. This agreement formally expires on December 31, 2004 and the Postal Service and Royal Mail have mutually agreed to let the contract expire on that date. The Postal Service will revert to the individual Foreign Postal Administration for delivery of these two products in each country that Royal Mail’s subsidiary, GLS, served effective January 1, while GLS will continue to focus on its core product: Business to Business deliveries utilizing commercial customs clearance.
Read MoreA specialist legal team from Pinsents has advised the selling shareholders of Nightfreight Group, the UK’s leading overnight carrier for non-standard freight of irregular weight and dimension (IDW) on the GBP89 million secondary buyout of the company. The deal is backed by The Royal Bank of Scotland Debt Ventures, which has invested pounds sterling 77 million. The balance of the funding has come from the selling shareholders, Barclays Private Equity (BPE) and Nightfreight management. Management will hold almost 50% of the new company.
Read MoreThe Spanish mail service provider Correos y Telegrafos almost doubled its profit in the past financial year. Earnings before tax rose form EUR 82.7 million in financial year 2002 to EUR 186 million and turnover jumped by 5.4% to EUR 1.75 billion last year. The state-owned mail service provider also recorded an 11% increase in expenditure to EUR 256 million, of which EUR 120 million was spent on infrastructure.
Read MorePanalpina acquires Grampian International Freight
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