Business Post to launch palletised freight business
Richard Martin, formerly head of Christian Salvesens industrial division will start a new job in September as md of a new palletised freight business to be launched by Business Post.
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UPS Contract Ratified, Employees Approve Six-Year Deal
As anticipated, UPS (NYSE:UPS) employees represented by the International Brotherhood of Teamsters have approved by a wide margin the new six-year contract negotiated in July.
According to the union, the agreement was ratified by a margin of better than 70 percent. The new contract, which covers approximately 230,000 UPS employees in the United States, is retroactive to Aug. 1.
“This vote reflects recognition by our employees that this is a fair and balanced agreement that rewards them for their hard work, while allowing the company to remain competitive,” said Mike Eskew, UPS chairman and CEO.
Contract negotiations began in January with an initial exchange of proposals. The company and union then negotiated over the next six months before reaching agreement on July 16, two weeks before the old contract expired. The agreement then was submitted to employees for ratification.
Postal licence for German firm
German postal firm Deutsche Post is to begin mail services in the UK, dealing with pre-sorted and sorted mail from collection points.
About 90 per cent will be passed to Consignia for delivery.
The firm’s year-long licence limits the annual amount it can carry to 40 million items.
Rentokil Initial interims
Rentokil Initial interim results for 6 months to 30 June 2002.
Read MorePostal courier permits granted to 5 companies (Poland)
The president of the Telecommunications and Postal Services Regulation Office (URTiP) granted permits to provide postal courier services to World Courier Poland, Viktorio, Raffo, Ciurra Ranata and Speedex.
Read MoreAustrian Post EBIT increase in spite of decline in sales
In spite of a two-percent decrease in sales as compared to the first half of 2001, Österreichische Post AG was able to achieve an EBIT of EUR 18.7 million in the first half of 2002, a value well in excess of that achieved during the same period last year (14.8 million). In the first half of 2002, sales figures amounted to EUR 739.2 million as compared to 757.1 million in the first half of 2001, operating performance was EUR 763.8 million as compared to 786.1 million.
Read MoreKoizumi's drive to privatise postal services skidding to a halt
The Asahi Shimbun Prime Minister Junichiro Koizumi’s personal crusade to privatize three key postal services appears to be running out of steam. As the privatization debate enters a new phase, the prime minister pins his privatization hope on a “launch preparation” panel to pave the way for the creation of the public corporation that will take over control of the three services-mail delivery, savings and insurance-from the government’s Postal Services Agency next April.
Read MoreDeutsche Post launches onto the bond market
German post office company Deutsche Post is preparing a bond in five and ten year tranches for up to €1bn via Credit Suisse First Boston, Deutsche Bank and Morgan Stanley. Meanwhile the flotation of a jumbo bond from the Republic of Italy is closing on 29 August.
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