C.H. Robinson Acquires Third-Party Transportation Company
15 January 2002. C H Robinson has acquired 100% of Smith Terminal Transportation Services Inc.
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Further information in Thiel logistics and Birkhardt acquisition
Thiel Logistik AG takes over majority of Birkart Globistics, increases financial planning for 2002 and strengthens management
Grevenmacher (Luxembourg), 9 January, 2002. Thiel Logistik AG has acquired a majority of the business divisions of Birkart Globistics AG, Aschaffenburg. This will enable the Luxembourg-based company to enter the innovative Fashion Logistics sector and to expand its activites in Europe, Asia, Africa, the Americas and Australia.The financing of the takeover will be divided in about thirds between liabilities, cash, and the issue of approximately 1.2 million new shares. Birkart was founded in 1877 and has 3,500 employees worldwide. Out of the acquired business divisions with almost 3,000 employees Thiel expects net sales of about EUR 410 million, with an EBIT of EUR 8 to 9 million for 2002. As a result of the takeover Thiel Logistik AG has increased its financial planning for the year 2002 substantially. Thiel is now expecting total sales of EUR 1.616 million and an EBIT of EUR 109 million. To meet the new challenges Thiel Logistik AG strengthens its Board of Directors. Newly appointed is Christian Fürstaller (operations), Chairman of the Board of Directors of Quehenberger Logistik AG, Salzburg. New designated members are Stefan Delacher (marketing), Chairman of the Board of Directors of delacher Logistics AG, Wolfurt, and Prof. Andreas Goldschmidt (research, education, and training), Chairman of the Divisional Board of Directors of Thiel HealthCare Logistics + Services. The current CIO, Dietmar Ley, leaves the Board of Directors and shall be elected to the Advisory Board
Read MoreContract: IKON outsource distribution functions to Exel
Exel, the global supply chain solutions provider, has been selected by IKON office solutions, Inc. to outsource the storage and distribution of its equipment inventory as part of its broad-based centralized supply chain initiative, which encompasses centralized purchasing, logistics and inventory demand planning and forecasting.
Read MoreGeodis repositions its offer in the UK and Ireland
As part of the Group’s strategy to refocus on profitable businesses, Geodis has decided to reposition its offer in the UK and Ireland.
Indeed, the recovery operation at United Carriers has turned out to be more difficult than planned and the company is due to cease business as of 31 January. Discussions are currently in progress with British and foreign operators to partially take over some branches and the staff employed.
Read MoreTNT Still Dominates Dutch Mail Market
TNT Post Groep, the Dutch mail, express and logistics company, still has a very dominant position on the Dutch mail market four years after deregulation, it emerged from an investigation by research institute TNO.
Read MoreVietnam Post to Offer Payroll Service
Vietnam’s postal service plans to offer a service allowing companies to pay staff salaries through post offices, an official said Tuesday. This is the first time Vietnam has introduced personal accounts in post offices, the official said.
Read MoreFedex Ground Services
Branching out helps FedEx to deliver success: Venture into ground services is proving a wise move for the carrier
Read MoreConsignia, Singapore, TPG International Mail Joint Venture to be called Spring
The joint venture international business-mail company formed by TPG, Consignia and Singapore Post has announced the name of its new brand. From today, the new company that began operating on July 2, 2001, will be known as Spring. In the Americas, the launch of the new brand is being completed in two stages, with Canada and the United States involved initially. Argentina, Chile and other Latin American countries will adopt the new brand later this year.
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