Postcomm, the UK mail regulator, today began consultation on the proposed
issue of a new long-term licence to TPG Post UK Limited, a subsidiary of the
mail, express and logistics company TPG N.V. TPG Post UK is amongst the first group of applicants for a long-term licence, which would allow the company to carry bulk mail and provide consolidation services in the UK as from January 2003.
TNT India has entered into alliance with Reader’s Digest to undertake mailroom and order fulfilment services for Reader’s Digest in India. TNT, which recently forayed into the logistics market, offers this service to Reader’s Digest in other Asian countries.
Read MoreSpanish logistics company Redur was included in the 2002 List of Europe’s Top 500 Job Creating Entrepreneurs, published by pan-European, Brussels-based research organisation GrowthPlus, for the seventh consecutive time, it was reported on November 11, 2002.
Read MoreShare of U.S. ground parcel market controlled by integrated carriers, by volume, in first quarter 2002.
Read MoreMajor parcel delivery company Yamato Transport Co. said Tuesday it expects its group net profit in the year to next March will rise 12.0 pct from the previous year to 30.8 billion yen, thanks to cost cutting. Sales are projected to rise 3.2 pct to 962 billion yen, as the company’s efforts to broaden its customer base and to gain orders online are beginning to bear fruit.
Read MoreThe government has demanded Deutsche Post World Net AG pay back by Jan 1 some 572 mln eur plus interest following the European Commission’s July decision on illegal state subsidy, a company spokesman said. “The letter came yesterday. The EU has asked the German government to demand payment from us and that was done by the government,” the spokesman said. “But we are legally examining the basis of this demand from the government,” he added.
Read MoreThe Board of Directors of UPS (NYSE:UPS) opened its regular quarterly meeting today in China, marking the first time the group has formally met at a site in the increasingly important Asia Pacific Region. UPS recently announced plans to open 20 new representative offices in China by the end of 2003 and in the past month, opened three offices in the eastern cities of Xiamen, Shenzhen and Qingdao.
Read MoreUPS today unveiled its new automated package distribution hub in Maple Grove. The facility features new technologies for material handling and one of the most sophisticated sorting systems ever constructed. The 335,000-square-foot building can sort 20,000 packages an hour or more than five per second. It will be home to 272 delivery vehicles when at full capacity, and will house a retail customer counter starting in 2003.
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