The Italian treasury which holds a 100 percent stake in Italian postal services group Poste, is to appoint Massimo Sarmi as managing director. Mr Sarmi who is currently managing director of Siemens Italia, will be in charge of Poste’s stock market flotation. He will replace Corrado Passera, who has been appointed joint managing director of Italian banking group IntesaBCI.
Read MoreTraining, money transfer and express services are just some of the areas India Post is set to co-operate on with the UAE following discussions on closer ties between the two countries.
Read MorePitney Bowes Distribution Solutions (PBDS), a division of Pitney Bowes Inc., has been named the market leader in parcel shipping solutions, according to a new transportation management systems (TMS) outlook study by ARC Advisory Group.
Read MoreGerman postal and logistics giant Deutsche Post AG plans to expand its position in Asia.
Deutsche Post chief executive Klaus Zumwinkel, speaking during a visit to Japan, said that parcel-express service DHL and logistics service provider Danzas will be at the center of these plans. “Asia is, for us, a growth market to which we are paying a great deal of attention,” he said. The group had particularly high expectations of opportunities on the Chinese market, he added.
Read MoreA private postal company has been forced to delay for six months the introduction of a service to compete with Consignia after failing to reach agreement with the state-owned firm over the cost of doorstep deliveries.
Now Business Post has asked the independent industry regulator, Postcomm, to intervene and impose a tarrif on the two parties. Shares in Business Post fell 5% to 428p despite the company yesterday announcing a 19% surge in pretax profits to £15.1m for the year to March 31.
USPS Cost & Revenue Analysis for 2001
Read MoreEscher Group Limited, a leading provider of peer-to-peer messaging and data management solutions, today announced that P & T Luxembourg has selected WebRiposte Essential(TM) to automate the country’s post office network. In addition to software, Escher Group will provide consulting services and will offer recommendations based on experience gained from other similar counter automation projects. P & T Luxembourg joins a customer base of 17 postal authorities across four continents.
Read MoreP&O confirmed last week that the contract logistics arm of P&O Trans European (P&OTE) is up for sale, after its financial adviser, Rothschilds, approached at least one unnamed private equity company about the purchase.
The move surprised many analysts who observed that contract logistics had been P&OTE’s best performing division over the last few years.
The decision came after senior management concluded that the group does not have the resources to fund the future development of both its logistics and ports divisions.
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