Author: Archive

Spain’s Seur shareholders close deal with La Poste over 21 pct stake

Posted by | May 17, 2004 | |

Shareholders holding 78.8 pct of logistics group Seur have closed a deal with state-owned French postal service La Poste over the acquisition of the Madrid franchise, representing 21.2 pct of the company, Cinco Dias reported Saturday, without naming a source. JP Morgan and private equity firm Bridgepoint have also been interested in acquiring the stake, currently in the hands of Seur founder and chairman Justo Yufera.

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No borders no problem – Slovak express market

Posted by | May 17, 2004 | |

Simpler customs procedures make deliveries within the EU faster and cheaper THE EUROPEAN Union should bring customers in the new member states tangible advantages on the express delivery services market. Insiders say that clients can expect lower prices and faster deliveries. Customs procedures at Slovak-EU borders were abolished from May 1, meaning customers can now avoid chronic customs delays.

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TPG: Interested In Stake In Oesterreichische Post

Posted by | May 17, 2004 | |

Dutch postal service and logistics company TPG NV is interested in taking a stake in Austria’s Oesterreichische Post, TPG spokesman Tanno Massar told Dow Jones Newswires Monday. The Austrian Privatization Agency has reportedly said it is looking for a strategic partner for the state postal service, possibly selling a 25% stake. According to German newspaper Handelsblatt Monday, Deutsche Post AG has emerged as the frontrunner, ahead of TPG, to buy the 25% stake. Massar said TPG generally looks at opportunities in countries where the state is considering privatizing national postal companies.

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This is the night mail…trains return to get UK post back on track

Posted by | May 16, 2004 | |

Royal Mail is to reinstate deliveries by rail in an attempt to restore public confidence in the postal network. Less than six months after abandoning the railways -with the exception of one train -the company is negotiating for a return of overnight delivery by rail as early as next month. The service was scrapped in January as part of a drive to save Royal Mail Pounds 90m a year. It said road and air services represented better value. This weekend, Royal Mail confirmed that negotiations with GB Railfreight are at an advanced stage. A spokesman said: “We thought we could use air and road services at a much cheaper cost while maintaining the service customers expect. These have been major changes and there have been some difficulties but we are pressing on resolving them.”

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UK Royal Mail spends pounds 5m on TVs and parties to raise staff morale

Posted by | May 16, 2004 | |

Royal Mail has given pounds 5m to its workers in a morale-boosting campaign, most of which has been used to buy wide-screen TVs and other perks in the company’s offices. The scheme, First Line Fixed, was introduced by Royal Mail’s chairman, Allan Leighton, last year. The money has been spent on a range of goods aimed at improving working conditions. A Royal Mail spokesman defended the First Line scheme and confirmed it would be repeated. “This was part of Allan Leighton’s plans to make offices great places to work, and we listened to what individual staff wanted. By far the majority [of purchases] were to improve offices, and if wide-screen TVs improve morale, that’s what it is for.”

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Deutsche Post earnings down

Posted by | May 15, 2004 | |

Deutsche Post, the German postal group, reported first-quarter core earnings down 2 per cent yesterday, largely because of costs associated with its acquisition of Airborne of the US and weakness in its key mail division. The group said the costs of integrating Airborne resulted in its earnings before interest, tax and amortisation falling to EUR 930m (USD1.1bn) in the three months to March, compared with EUR 951m a year ago.

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Spanish express market statistics

Posted by | May 15, 2004 | |

The Spanish express courier market is currently experiencing rapid growth. According to consultants DBK, it will increase in the next few years, with growth forecast for 2004 at 7.5 per cent and 8.5 per cent the following year.

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