A proposal will be put to the board of directors next year to expand Emirates Post’s shareholder base, according to a top official.
“There is a definite move towards privatisation in the country. And Emirates Post now has the financial strength and the back up from its current owners to follow the same direction,” said Abdullah Ibrahim Al Daboos, director general.
Read MoreRoyal Mail, the cash-strapped postal operator, will be receiving more than Pounds 1bn of debt from the government, the Department of Trade and Industry confirmed yesterday. The cash, drawn from the Pounds 1.8bn of gilts – the accumulated cash generated by the business – on the balance sheet of the company would “enable the mails business to implement its renewal plan, and to support the nationwide network of post offices”, the DTI told parliament.
Read MoreNuneaton’s Lynx Express is celebrating one of its most successful years to date and is looking forward to matching that progress in 2003.
As well as expanding its contract base, the company, based on Bermuda Park industrial estate, was also recognised with two major industry awards.
Chief Executive David Burtenshaw said “Our business has had one of its busiest years ever in 2002, culminating in record parcels volumes through our Nuneaton hub.
Read MoreQatar’s General Postal Corporation (Q-Posts) recorded an increase of about 20% in the revenues generated by its Express Mail Service-Mumtaz Post during the nine months of the year 2002 while Q-Posts income itself rose by some 10%, the Q-Posts chairman, Ali Mohammad Al Ali, said here yesterday.
Read MoreExel, has formed a new contract with Chunghwa Picture Tubes (CPT), UK, a manufacturer of display devices and picture tubes based in Taiwan. The contract includes Exel’s service logistics solution allowing CPT to provide its customers with increased levels of customer service and support.
Read MoreExel, has won a new contract with AKI the do-it-yourself (DIY) retailer in Spain. This new contract, which involves managing the new national distribution centre in Toledo, adds to Exel’s established retail and consumer business in Spain.
Read MoreChina’s national postal service is getting into the logistics business. The newly-formed China Postal Logistics Co Ltd. will build a nationwide delivery network in the next three to five years, State Postal Bureau deputy director Ma Junsheng said. “The establishment of the new company is part of our strategy to further tap the lucrative logistics market,” he said.
The move comes as foreign competitors such as United Parcel Service, FedEx Corp., TNT and DHL Worldwide expand their reach in Asia.
Ma said he expects logistics services to generate sales of 3 billion yuan ($360 million) this year, and $1.2 billion by the end of 2005.
Read MorePalletways UK , the overnight palletised freight network which extended into Scotland only last April, is doubling its presence there. Regional depots have opened in Inverness, Perth, Falkirk, Wishaw and Broxburn, adding to those in Aberdeen, Dumfries, Dalkeith, Edinburgh and Glasgow.
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