The Postal Authority yesterday asked the High Court of Justice to overturn a Communications Ministry plan to privatize international mail services.
The privatization is slated to begin on the 2nd February 2003.
Read MorePosten, Sweden’s Postal Service, reported today that it has achieved peerless scores for national overnight delivery. According to an independent assessment of national postal operators, Posten attained an on-time delivery performance score for First-Class mail of 96.2 percent. Posten also received high marks for domestic parcel delivery. In 2002, on-time delivery for DPD Företagspaket 16.00 business parcels was 97 percent.
Read MoreDeutsche Post’s plan to outsource package-delivery services is meeting opposition from German services union ver.di.
Deutsche Post Chief Executive Klaus Zumwinkel said the mail, parcels, logistics and financial services company might outsource package services in Germany to cut wage costs.
Read MoreRentokil Initial full year results
Read MoreOvernight freight services provider Palletways is redesigning its IT infrastructure to improve the efficiency of business processes, facilitate business growth and future European expansion plans having commissioned IT solutions consultancy eSpida.
Read More“Disappointing” is a word which seems to feature strongly in the vocabulary of Christian Salvesen’s chief executive, Edward Roderick. It’s the word he chose to describe its UK business performance at last year’s half-year results announcement, and last week he told shareholders that its performance in certain key business areas is “disappointing in the extreme”.
It’s a word that’s certainly apt at the moment; last week’s trading update, which warned that profits would be 20% below expectations, resulted in the company’s share price plunging to an all-time low of 29.5p, although it has now recovered to around 36p.
However; that’s still a long way removed from the 98p share price when CM covered the company in its “Big Boys” series last May (CM 16-22 May 2002)—and even further from the £2-a-share that a consortium (led by Swedish investment group Custos) was prepared to offer to take over the group in summer 2000.
Read MoreChristopher Bain
Transmile Group
Alice Kijak
The Reader’s Digest
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