Author: Archive

Deutsche Post World Net exceeds profit expectations for 2002

Posted by | Mar 4, 2003 | |

In fiscal year 2002, Deutsche Post World Net once again increased revenues, which exceeded expectations for its results. At EUR 39.3 billion, this took the Group’s revenues 17.6 percent higher than in the previous year. The profit from operating activities before goodwill amortization (EBITA), is at around EUR 2.4 billion, about 5 percent below the prior year’s figures, thereby exceeding the EUR 2.2 billion forecast. In the process, all divisions reached or in some cases even exceeded their target results. As the STAR project’s successes have already contributed to the good 2002 result, the group is reaffirming its goal of increasing EBITA by 2005 to EUR 3.1 billion.

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UK Royal Mail chooses LeasePlan to run its company cars

Posted by | Mar 3, 2003 | |

Royal Mail announced today it has signed a contract with the vehicle management company, LeasePlan, to supply and maintain its 5,000 non-operational company cars. The contract does not affect Royal Mail’s fleet of familiar red delivery trucks and vans, as they remain in-house. There is also no impact on jobs.

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Business Post Group acquisition of technical courier

Posted by | Mar 3, 2003 | |

Business Post has acquired BXT a technical courier for GBP1.8m. BXT has a turnover of GBP4.3m and pre tax profit of GBP0.3 million. (The consideration of £1.8m = 6 times the pre tax profit). The acquisition of BXT provides Business Post with an entry into the technical courier market as a value-added addition to the Group’s own expanding courier
business, UK Today.

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The axe hangs over Grimaud

Posted by | Mar 3, 2003 | |

Grimaud Logistique, the French subsidiary of Belgian group Ziegler, is heading towards liquidation only a few weeks after unveiling a drastic restructuring programme.
Under the rescue plan, 863 jobs at Grimaud were to be axed out of a total workforce of 1,184. But the company’s works committee has made no formal response, which means consultations cannot proceed.

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TDG profits hit by problems in France

Posted by | Mar 3, 2003 | |

TDG saw 4% a decrease in its headline profits at £22.6m (€33.1m) last year despite a 7% increase in turnover to £567m (€831m).
Chief executive David Garman described this as a “creditable performance”, but warned: “We do not see a significant improvement in the economic climate in 2003.” This uncertainty was slowing down customers’ decision making and putting pressure on margins, but Garman still predicted a modest profit improvement this year.

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UK night flights fall as parcels go by road

Posted by | Mar 3, 2003 | |

Noisy night flights are to be reduced at Coventry Airport following a move by Parcelforce to switch to road and rail as part of a cost cutting drive.

The number of flights the company operates from its Baginton base will be reduced to from five to two per week by the end of the month.

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No plans to increase postage charges at Deutsche Post

Posted by | Mar 3, 2003 | |

The management of Deutsche Post, the German postal service and logistics operator, has indicated that the group will reduce the number of its post offices to 12,000 within one to two years’ time.

Meanwhile, the company has ruled out further increases in postage charges for the current year. Postage prices are also unlikely to be increased next year, according to management.

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