The Postal Rate Commission today gave its approval to the Postal Service’s first Negotiated Service Agreement (NSA). The agreement is between the Postal Service and Capital One Services Inc., the Postal Service’s fourth largest customer and the nation’s largest single producer of first-class mail.
Read MoreThe rating agency Standard & Poor’s (S&P) today downgraded Deutsche Post World Net’s credit rating for long-term liabilities by one level from A+ to A. The short-term credit rating of A-1 was confirmed. At the same time, the credit watch announced on 7 February of this year was cancelled. The reason for the downgrading lies essentially in the altered assessment of pension obligations financed by provisions. Contrary to previous practice S&P announced on 7 February that it classifies these provisions fully as liabilities. Together with other companies and external financial experts Deutsche Post does not share this opinion.
Read MoreExel signs European strategic partnership
Read MoreSpanish express courier MRW opened a 3.0 mln euro ($3.45 mln) logistics centre in Portugal’s capital, Lisbon, on May 12, 2003.
The logistics centre covers a 6,000 sq m area. It is equipped with latest technology, which represents a significant value added, MRW’s general director for Portugal, Pedro Mega, said. MRW posted a 10.25 pct year-on-year increase in turnover in Portugal for 2002.
Read MorePaolo R. Vergano
O’Connor and Company
Paul Ljungberger
CEO
g-desk International AB
Nick Earle
CEO
StreamServe
Marco Barbuti
Poste Italiane
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