TPG, the Dutch mail, express and logistics company, announced that its TNT Express division has won a competitive open bid to distribute consignments sent through the new international express service of the Brazilian state post office, Empresa de Correios e Telegrafos. The contract, which will be signed shortly, is projected to generate more than USD23.5 million in revenue over five years.
Read MoreAustralia Post said yesterday its profit this financial year would be similar to last year, but refused to say how much money it would hand over to the Government. Chief finance officer Peter Meehan said it made an after-tax profit of AusD291.8 million in 2001-02.
Read MorePost man promises to deliver: profile & interview with Adam Crozier
Read MoreThe European Commission has approved the acquisition of sole control over RM Business Systems Limited the IT division of UK postal operator Royal Mail Group plc – by the US-based IT services provider Computer Sciences Corporation (CSC). The Commission has concluded that no competition concerns arise from the transaction Royal Mail has decided to outsource its IT services to CSS. Previously, its former RM Business Systems Division (RM-BSD) provided these services to Royal Mail. The approved transaction is part of the agreement entered into by CSC and Royal Mail Group, according to which the latter will outsource to CSC it’s IT services.
Read MoreGist continues to outperform
Read MoreInterlink Express has installed the Global Positioning Reporting Satellite (GPRS) system in its van fleet as part of an ongoing strategy to increase efficiency in its business operation. The GPRS system allows Interlink Express to communicate with drivers and track and trace vehicles in real time. GPRS analyses factors such as mileage, speed and fuel usage making routing and scheduling more cost efficient. There is also increased accountability, meaning drivers stay close to their assigned routes, resulting in reduced overtime and fuel expenses.
Read MoreThe European Commission said it invites comments on Deutsche Post World Net AG’s acquisition of full control of the distribution joint venture it shares with Securicor plc. On Mar 24, the company announced it is to buy Securicor’s stake in Securicor Omega Holdings Limited for 247 mln eur. Interested parties have 10 days in which to submit their comments to the commission which will announce the outcome of its initial inquiry on or by June 19.
Read MoreDHL Airways today announced that the Miami-based cargo airline is launching a re-branding program, and changing its name to ASTAR (pronounced A-Star) AIR CARGO, INC. The re-branding will commence immediately and the name change will become effective upon completion of the acquisition of DHL Airways by a U.S. investor group led by Chairman and CEO John Dasburg. In the coming months, the charter cargo airline will incorporate the ASTAR name and logo throughout all of its marketing and operations functions.
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