The reluctance of shippers to commit to rail freight has been blamed for the failure of Railion’s Overnight Express service from Amsterdam to Milan, which stopped operating last week.
Railion claims that after 18 months providing a reliable service, shippers still refused to back the passenger/freight pilot pr ject, initially heralded as the first in a network oIhigh-specd freight connections.
La Poste, France’s state-owned post office, has no intention of spinning off its financial services, the institution’s chairman is quoted as saying Monday. Aside from its mail delivery activity, La Poste is France’s second- or third-largest retail banking institution, and can’t function without its financial services activity, Martin Vial is quoted as saying in an interview in Le Figaro.
Read MoreATLANTA (AP) _ United Parcel Service launched a new consulting subsidiary Monday to help companies evaluate their overall business operations.
UPS Consulting Inc., based in Atlanta, will be led by Gene Long, a former executive at Ernst & Young and Dell Computer.
Initially, the company will have five consultants working mostly for larger firms in the consumer products, retail, technology and telecommunications fields, said Pat Steffen, a spokeswoman for UPS Consulting.
Read MoreMEMPHIS, Tenn. (AP) _ FedEx Corp. expects its second-quarter earnings to beat Wall Street expectations even without government assistance being offered to airlines to offset the Sept. 11 terrorist attacks.
Alan B. Graf Jr., executive vice president and chief financial officer, said Monday that solid growth of FedEx Ground, the company’s home-delivery business, contributed to the company’s profitability this quarter.
He also credited the company’s broad portfolio of services for helping offset the impact of the terrorist attacks, which hit the company’s air cargo Express service the hardest.
Read MoreDHL Worldwide Express is investing nearly $300
million to enhance its ground infrastructure in the Asia Pacific region. The
investment is aimed at major markets in Greater China, Japan and Singapore,
said a statement received here.” The article states: “DHL will invest $82
million in an Asian hub in Hong Kong, $35 million in a Southeast Asia
gateway at Singapore’s Changi Airport, and $125 million in Japan, DHL Asia
Pacific chief operating officer Marc Duali said in the statement.
The scope of price controls for postal services: A report prepared on behalf of Postcomm in connection with the draft licence for Consignia.
Read MoreAirline Business Alliance (ABA), a new grouping of leading independent cargo general sales agents all over the world, is set to offer airlines significant cost and service benefits by combining its member’s local market expertise with global coverage.
Read MoreThe Portuguese postal regulator, ICP, is opening up the postal sector to competition. “Postlog and Postexpresso are the first specialized Portuguese companies in urgent mail to be granted the titles by the National Regulatory Authority (Instituto de Comunicações de Portugal – ICP) to render postal services on a competitive basis. This fact by itself symbolizes and confirms CTT group as leader of the market.
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