Nightspeed to deliver Yokohama tyres in the UK
Manufacturer Yokohama, has appointed Nightspeed Secure Worldwide Express, based in Tipton, to deliver its tyres throughout the UK.
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Exel propelled to second place on the FTSE
Speculators were taking a sudden and unusual interest in the logistics industry as a flurry of buy orders propelled Exel to second place on the FTSE 100 leaderboard.
The shares of the freight forwarding and supply chain specialist ended 23p higher at 766p as talk of a bid from Deutsche Post, Europe’s largest postal service provider, swirled around the dealing rooms again.
Read MoreFedEx announces plans for expansion in China
As part of its continued expansion in Asia, FedEx Express, a major express transportation company in the world, announced here Friday its plans to create a separate, specific division in Chinese mainland with its regional center in Shanghai.
The new regional structure will enable the company to be more focused on and responsive to the needs of its customers in Chinese mainland, said David L. Cunningham, Jr., vice-president of Asia Pacific Division for FedEx.
Read MoreSwiss Post to privatise ExpressPost
The Swiss Post Office has announced that it will privatise its ExpressPost division on January 1, 2004. The yellow giant found an agreement with the trade unions to negotiate a collective agreement. The transfer of the personnel in the new structure is scheduled for January 1, 2005. The Post office will have to negotiate with the trade union a new collective agreement (CTT) for this company.
Read MoreAn Post seeks UK deal to cut costs
An Post is in talks with Royal Mail in an effort to improve a deal which has cost the Irish postal system more than EUR46m in three years.
The Communications Regulator has expressed concerns over the scale of the losses for delivering mail in Ireland on behalf of international postal operators.
It said in a statement it had expressed concerns to An Post that “this matter has not been resolved, given both its importance and the significant adverse financial impact it has on the finances of An Post”.
Read MoreKrung Thai Bank seeks control of Thailand Post
Krung Thai Bank PLC plans to submit proposals to the Information and Communications Technology Ministry next month regarding the purchase of a major stake in Thailand Post, the Bangkok Post reported.
The bank’s president Viroj Nualkhair said the bank believes that the investment would prove beneficial to both sides.
The bank and its subsidiary, Krungthai Card, would both look to hold shares together with a strategic partner, possibly an overseas postal service company.
Read MoreNorwegian postal service reduce staff by 880
The Norwegian postal service’s board of directors have decided to reduce its staff by 880 people as of 2004. These cuts come in addition to the 6000 man-labor years that already have been cut from the organization during the last four years.
Read MoreForeign companies to buy stakes in Thai Post
Two post office companies, one Asian and one European, plan to jointly invest with Krung Thai Bank PCL in Thailand Post Co, the Nation reports, quoting Krung Thai Bank’s President Viroj Nualkhair.
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