Author: Archive

Hays UK to sell bulk of operations as profits drop

Posted by | Mar 4, 2003 | |

Hays the UK business services group, on Tuesday said it was exiting all activities, apart from personnel, through a programme of disposals as it announced a 26 per cent fall in interim profits. The announcement sent shares in Hays up 8 per cent to 79p in early trade in London. The company, which also operates in the logistics, mail and express and call centre and information management businesses, said there “were insufficient linkages between the four divisions to outweigh the advantages of focusing the group on a single activity.”

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UK Business Post Group swoop for Midland technical courier after acquisition of BXT Ltd

Posted by | Mar 4, 2003 | |

Express delivery specialists Business Post Group hailed a first-class purchase with a swoop for a pounds 4 million turnover Midland technical courier.

Business Post today announced the acquisition of BXT Limited, a Birmingham-based courier operation.

The purchase of BXT provides Business Post with an entry into the technical courier market as an addition to the group’s own expanding courier business, UK Today.

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UK Exel joins the Built Environment

Posted by | Mar 4, 2003 | |

The construction industry’s largest independent supply chain body in the UK, Collaborating for the Built Environment (Be), has been joined by the world’s leading logistics company, Exel. In a move that signals its commitment to providing modern supply chain management practices to the construction sector, Exel becomes the first logistics company to join Be which has a membership of over 100 leading organisations across the widest spectrum of the design, build and supply side of the industry.

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U.S. Postal Service may seek rate increase 2 years early

Posted by | Mar 4, 2003 | |

The U.S. Postal Service may push for its next increase on postage rates as early as next month and two years sooner than scheduled, according to postal officials. The Postal Service has yet to convince Congress to pass legislation reducing its contribution to a federal-government retirement fund. The agency is burdened by USD3bn in debt, and a Congressional approval of the bill could delay the next rate increase until 2006.

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Russian Post service sales up 26.7% on year in 2002

Posted by | Mar 4, 2003 | |

Russia’s postal industry took 28 billion rubles in sales in 2002, up 26.7% on the year, according to materials prepared for the Communications and IT Ministry’s board meeting Tuesday.

The postal service’s core activities generated 19.2 billion rubles in sales in 2002, up 28.1% on the year.

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Deutsche Post favourite for Austrian deal

Posted by | Mar 4, 2003 | |

Deutsche Post has emerged as the front-runner to acquire a majority stake in Austria’s post office in a move that would help the German postal and logistics supplier expand its planned pan-European mail network. Austrian officials said Deutsche Post stood a better chance than its Swedish, Swiss and French competitors to win the offer as it seemed keen to integrate the Austrian post office into its European growth plans. Common language was another factor, they said. The Austrian parliament is expected next week to give the formal go-ahead to privatise up to 75 per cent of the Austrian post office, ÖIAG.

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