The United States Postal Service has awarded a USD370 million contract to Siemens Dematic Postal Automation L.P. to provide systems and upgrades to replace its existing fleet of Multiline Optical Character Reader (MLOCR) systems. This is the single largest contract the USPS has ever awarded the company.
Read MoreTPG will make its long-promised move into freight forwarding this year, CEO Peter Bakker has pledged.
Announcing the group’s results for 2003, he said this could be by acquisition or through a joint venture.
A group spokesman could not confirm rumours of a proposed EUR300m acquisition of a European-based forwarder, but said that funding on this scale would not be a problem if TPG achieved the global capability it seeks.
Read MoreThe express industry has become such a powerful fixture in Italy’s economy that the loss of night flights by the industry could reduce Italian GDP by up to €780 million a year, adding up to over €30 billion in foregone GDP over a period of 20 years, according to a study by Oxford Economic Forecasting and the Centro Studi Confindustria.
The figures highlight the radical inroads the express industry has made into the Italian economy. Over the next twenty years, the contribution of the industry to Italian GDP could increase to €2.1 billion
a year.
Three German publishing companies, Gruner+Jahr, Axel Springer Verlag and Hubert Burda, are considering the possibility of forming an alliance for postal deliveries. The companies wish to award contracts for the delivery of subscription magazines to other logistics companies, rather than to Deutsche Post, in order to reduce costs. The formation of this alliance is expected to lead to a drop in turnover of millions of euros for Deutsche Post.
Read MoreRoyal Mail claims it is not afraid of losing business as companies start to use e-mails for billing – the invention of the telephone did not kill off the letter, it points out.
The business handles 82m items of post a day, up from 50m items 10 years ago, partly thanks to the rapid growth of junk mail. “The daily mail bag has grown in line with the growth of e-mail,” said the company. “New mediums of communication have complemented Royal Mail and are not necessarily competition.”
Read MoreDeutsche Post, the German postal and logistics group, plans to benchmark Postbank against eight European banks to value its financial services arm when it is floated later this year. Postbank is Germany’s biggest retail bank, with 10m customers. The banks selected as a benchmark for the initial public offering – Royal Bank of Scotland, Alliance & Leicester, Unicredito, Banco Popular, Banca Populare, Banco Espirito Santo, Erste Bank and Svenska Handelsbanken – have a strong focus on domestic private client business. The majority of the banks have a far higher return on equity.
Read MoreMailSource has been looking after BUPA mailrooms at the health and care company’s five locations in London and Staines since 1996, and has recently been awarded a further three year contract.
Read MoreDeutsche Post AG fell 18 cents, or 0.9 percent, to 18.91 euros. Europe’s largest postal service risks losing business from German publishing houses as Axel Springer AG, Gruner & Jahr AG and Hubert Burda Holding GmbH are in talks about using other deliverers to reduce costs, the daily Handelsblatt said, without saying where it obtained the information.
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