Commission continues An Post probe
The European Commission has asked the Government for more information about the awarding of the social welfare payments contract to An Post.
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China Post aims to double its profit in 2003
China’s State Postal Bureau (China Post) is aiming to double its profit to 240 million yuan (US$28.92 million) and increase its revenue by 7.8 percent to 55 billion yuan in 2003, the first year of the end of the government’s subsidies to China Post, Postmaster General Liu Liqing said.
The China Business Times said the target is quite a formidable one, as China Post only recorded 120 million yuan in profit in 2002, helped by one billion yuan worth of subsidies from the government.
Read MoreNumber of internet outlets at Russian Post Offices soars in 2002
The number of public access Internet outlets at Russian post offices stood at 6,600 at the beginning of the year, up from a little over 1,000 at the beginning of 2002, Ilya Genkin, a representative of the postal service department in Russia’s Communications and IT Ministry, said Tuesday. He was speaking at a conference on high technologies in the Russian postal service.
Read MoreAPL losses for 2002 ‘Worse then expected’
Accountants at NOL, parent company of Singapore-based APL, are getting closer to discovering the full extent of the shipping line’s losses last year. NOL Chairman Cheng Wei Keung admitted that preliminary results ‘were worse then expected’, but said losses were ‘unlikely to exceed US$335m (EUR318m)’
Read MoreABX Logistics France launches its ORYX express service to Morocco
The new Morocco-bound express service launched by the Maghreb Division of ABX Logistics France shares its name with the oryx, a breed of antelope found in the North of Africa.
Read MoreExel unveils further expansion with new leading facility in the heart of the Middle East
Exel, the world leader in global supply chain solutions, has today revealed the establishment of a new facility in the Middle East’s largest marketplace, Saudi Arabia, expanding its presence in this key region and strengthening its scope for customers.
Read MoreExel extends its relationship with Carrefour with a new operation in France
Exel, the world leader in supply chain management, has today announced an extension of its business with Carrefour, one of the world’s leading retailers. The new dedicated operation at Beziers in South West France, will provide warehousing and distribution services for Carrefour’s fresh products, and will add to the already extensive services that Exel provides for the retailer in Belgium, Spain and, most recently, South Korea.
Read MoreScandinavia the first step to network
UK-based pallet distribution network Pall-Ex has teamed up with Danish logistics operator Combifragt Group to launch Pall-Ex Scandinavia to cover Denmark, Sweden, Norway, Finland and the Baltic states.
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