The recently-elected rightwing French government plans to replace La Poste chairman Martin Vial before the expiration of his 5-year mandate in 2005, ostensibly because of his role in implementing the 35-hour workweek at the agency, according to the French weekly Le Journal du Dimanche.
Read MoreThe Russia Journal has reported that “As matters stand now, the post should remain state-owned, the head of the Post Department of Russias Communications Ministry, Evgeny Birger, told the Nezavisimaya Gazeta newspaper. He disagrees with the position of the Communications Ministry. In its concept for the restructuring of Russias postal system, the Ministry pointed to the necessity of uniting all postal organizations into the Federal State Unitary Enterprise (FGUP), to be privatized in the future.”
Read MoreLa Poste, the French national postal services group, has launched a new service, Tem’Post, which guarantees delivery times for large companies, promising to repay between 30 per cent and 100 per cent of delivery charges in the event of delays. The service will involve the delivery of more than 8 billion objects a year and about 3bn euros in annual turnover, amounting to 30 per cent of the courier delivery market in France. La Poste is eager to retain the 3-4,000 business clients concerned, which will be increasingly important as the European courtier market is deregulated from the end of 2003.
Read MoreMailSource, Swiss Post’s subsidiary for the management of internal company postal services, is building up its market position after a two-year start-up period in Switzerland, Liechtenstein and Italy: on 2 September 2002 MailSource took over Mailroom Management Services Ltd (MMS), one of the UK market leaders in its core business of internal postal services. Swiss Post’s foothold in international markets will reinforce its leadership in Switzerland and will enable MailSource to offer both Swiss and global major customers cross-border services.
Read MoreLatvijas Pasts postal company operated at 1.8 million lats (EUR 3.04 mln) profit in the first half of 2002, company chief executive said
Andrejs Droiskis said this year’s semi-annual profit is 0.2 million lats lower than the respective indicator for the same period last year.
Droiskis said Latvijas Pasts raised over 11 million lats revenues in the first six months of 2002 which is significantly more than expected. In the first half of the last year the postal company raised 10 million lats in revenues.
The excess of revenue over spending is formed by accepting and delivering letter correspondence while subscription and delivery of press editions is the second largest source of revenues for Latvijas Pasts, said Droiskis.
He said the postal company will use the excess of intake over spending to introduce additional security measures at post offices and stimulate employees to work better, do repair and renovation works at client service outlets.
Consolidated Freightways Corp., the third-biggest U.S. trucker, said it’s shutting down operations and plans to file for Chapter 11 bankruptcy tomorrow, resulting in the loss of about 15,500 jobs.
More than 80 percent of those workers will be fired immediately, and the remainder will be “phased out,” the company said in a statement distributed by Business Wire.
Consolidated Freightways, which has had losses for seven straight quarters, named management consultant John Brincko Chief Executive Officer in May, replacing Patrick Blake. Consolidated lost $104.3 million last year, while larger rivals Yellow Corp. and Roadway Corp. were profitable.
Deutsche Post, the semi-privatised German Post Office, has resumed plans for a E1bn benchmark bond issuance. The Bonn-based firm has appointed Credit Suisse First Boston and Morgan Stanley as lead managers and is to embark on a roadshow among institutional investors. It is scheduled to take place between 9-13 September, and will focus predominantly on Germany and the UK.
Read MoreReplacement windscreen specialist Augoglass has appointed Hays Logistics to manage the distribution of stock from its national distribution centre in a 3 year multi million pound contract. Hays will make around 30,000 deliveries a year.
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