P & O makes logistics acquisition in the USA
LONDON (AFX) – P&O has agreed to buy certain refrigerated logistics assets from ProLogis for $70m.
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FEDEX India's expansion plans
Federal Express Corporation (EedEx) has announced that it will expand its operational presence to most key commercial areas across India. These areas account for 85 percent of the total express market in the country. The company is also planning to set up 100 new retail locations and 36 new branded locations across the country. To support the expansion programme, FedEx has tied up with Prakash Airfreight Pvt Ltd for pickup and delivery services and with Jeena & Co for nationwide customs brokerage services.
Read MoreExpress companies dread Indian post domination
Courier companies are worried over the impact of the proposed Indian Post Office (Amendment) Bill, 2002, on their business prospects. The proposed amendments, they fear, will monopolize express delivery of letters and documents with the Department of Posts, hitting their business.
Read MoreLeighton's fury over Postcomm 'madness'
For six months, Allan Leighton and his team at Consignia held detailed talks with Graham Corbett, the Postcomm regulator, about price rises and service improvements. Yet the gulf between what Mr Leighton wanted and what Mr Corbett would offer only emerged on Tuesday night -less than 48 hours before publication of an important document about Consignia’s future.
Read MoreHewitt set to back mail group in row with regulator
Patricia Hewitt is preparing to take Consignia’s side in an increasingly angry row over prices between the mail operator and the postal regulator. The two sides traded accusations yesterday of recklessness, regulatory insanity and sabre-rattling.
Read MoreAN-225 ready for the market
OUT-OF-GAUGE joint venture Air Foyle/Heavy Lift is ready to unleash the giant AN-225 freighter into the commercial market. Capable of lifting 250 tonnes, the record-breaking freighter joins its AN-124 brother in the company’s fleet.
Meanwhile, confirmation has been received from the Federation Aeronautique Internationale (FAI) of the AN-225’s record-breaking test flight in September 2001
CWU rages over regulator's plans
Postal unions and Post Office management warned yesterday that industry regulator Postcomm is about to plunge the service into “crisis” with a raft of “restrictive and damaging” proposals.
Read MoreMacfarlane contract hires from Hill Hire
Leeds based Macfarlane Transport has contract-hired 43 curtainsiders from Hill Hire in a deal valued at more than £1m.
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