Hong Kong-listed Sinotrans, the mainland’s logistics giant, has further expanded its freight-forwarding services in southeastern China by buying a controlling interest in Fujian’s largest firm.
A source said that Sinotrans will acquire 75 per cent of Greating Group, wholly owned by Hong Kong Crystalray Holdings, for a sum believed to be less than 10 million yuan (HKD9.38 million).
Read MoreThe Board of Directors of FedEx will submit to stockholders a proposal to amend the corporation’s bylaws that will require each director to stand for election annually. Currently, the corporation’s bylaws divide the Board into three classes with directors elected to staggered three-year terms.
Stockholders will vote on the Board’s declassification proposal at the next FedEx annual meeting in September 2004. Approval of the proposed bylaw amendment will require an 80 percent stockholder vote.
Read MoreSingapore Post has said it plans to distribute retail financial products and related services through its post offices in order to extend its services.
‘Logically, it is the next step for SingPost to leverage our strengths in distribution to provide these customers with a wider variety of financial services, thereby maximising the use of our company’s capacities,’ SingPost CEO William Tan Soo Hock said.
Read MoreLed by strong volume gains both in the United States and overseas and significant margin improvement within its international operation, UPS has reported a 19% jump in adjusted net income for the fourth quarter after excluding certain items that affect the year-ago comparison. The quarter’s performance capped a record year for volume. UPS delivered 3.44 billion packages in 2003, or an average 13.64 million per day.
Read MoreUPS has said that fourth-quarter sales improved from last year as the recovering economy led to greater demand for the shipping giant’s services.
Shares of UPS closed up 7 cents at USD72.51.
Fourth-quarter earnings totaled USD856 million, or 75 cents per share, down from its year-ago profit of USD1.5 billion, or USD1.32 per share. The year-ago fourth quarter included a net gain of USD832 million as a favorable settlement with the IRS offset a restructuring charge. Excluding items, UPS earned USD670 million, or 59 cents per share, in last year’s equivalent period.
Pallet-Track, the network some said would never happen, starts its hub operation on friday with complete UK coverage from 50 shareholder members.
And theres a shock coming to rivals- around a dozen members are joining from other networks, including Fortec and Uk Pallets, says Nigel Parkes.
Milkmen working for Express Deliveries in the Gloucester and Stroud areas now deliver parcels alongside their usual dairy products.
They mostly deliver business products, things like contact lenses, holiday brochures, photographs and magazines.
Read MoreMarketing review creates three new director-level posts.
Royal Mail head of advertising mail David Walker becomes brand marketing director in the restructure. His new role includes brand development, market research, communications and agency management.
Colin Beesley is now value-added solutions director, with responsibility for developing adjacent markets and creating alliances. Beesley was director and general manager at Royal Mail’s international division.
Lorna Clarkson becomes commercial policy, management, and pricing director, overseeing pricing strategy. She is currently head of commercial and specification. Rich has yet to appoint a director of products and a director of sector marketing. All of the appointees will be in place by April.
Royal Mail head of marketing services Paul Troy is leaving the organisation in a restructure.
Troy, a former Lloyds TSB marketer who has been at Royal Mail since June 2001, says he is leaving “to seek new opportunities”. His departure coincides with the appointment of three new directors to serve under marketing director Paul Rich.
Troy has spent the past year devising a strategy for the Royal Mail brand, consolidating the company’s communications into the Omnicom group and creating a new campaign, which is due to run in March. The campaign uses the strapline: “When you can’t take it personally we will. Royal Mail – with us it’s personal.”
Royal Mail recently announced it would be slashing its marketing department by up to 180 people by April as part of its marketing review.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
