According to Dow Jones, FedEx Corp.’s FedEx Express has received $101 million from the federal government under the Air Transportation Safety and System Stabilization Act to compensate the company for part of its direct losses incurred Sept. 11 when its aircraft fleet was grounded after the World Trade Center attacks. The payment also compensates for related losses expected to be incurred through Dec. 31.
Read More“The Supervisory Board announced today that Peter (M.P.) Bakker (40) has been appointed as the new Chairman and CEO of Mail, Express and Logistics company TPG N.V. Mr Bakker, who has been employed by TPG since 1991 and has held the position of CFO since 1998 (see biography attached), succeeds Ad Scheepbouwer, who recently announced his intention to leave the company. Peter Bakker will assume his new position with effect from 1 November 2001. Supervisory Board Chairman Morris Tabaksblat is convinced TPG has appointed the right man for the job: ‘Peter Bakker has a broad experience in several management positions in the industries TPG is active in. In the past 5 years he has played a key role in the international expansion and stock exchange listing of the group. Peter’s leadership will drive TPG to a further strengthening of its leading position in Mail, Express and Logistics.’ Peter Bakker is looking forward to his new challenge with confidence: ‘It is a great challenge to take over the position of Ad. In my new position, I will provide continuity in the way we manage our business, and build on the strategy that makes TPG the wonderful company it is.’ The Supervisory Board will announce the appointment of a successor to Peter Bakker in the position of Chief Financial Officer of TPG in due course.” (Source: TPG)
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Read MoreThe German parcel service provider German Parcel (GP) intends to expand its European network. GP managing director Rico Brack recently told the German daily broadsheet Die Welt that his firm was planning acquisitions this year in Spain, Italy and Scandinavia.
Read MoreCorporacion Cormar SA (Danzas Group owns a 34% stake) merged its logistics activities in Panama with Logistics Services (Panama) SA
Read MoreSupply Chain Management (SCM) has changed the division of labour among man ufacturi ng, commerce and the service industry like no other management concept. Companies that cooperate in the context of such concepts are usually rewarded by major reductions in costs and improvements in their competitiveness.
Read MoreEven though DHL International, a subsidiary of the Deutsche Post World Net (DPWN), increased its turnover during the first six months of this year by 9.4% to EUR 2.4 billion, the company still made a loss.
Read MoreCANBERRA, Sept 27 AAP – The federal government today accused Labor of having a cunning plan to fully privatise postal services if elected to government.
Backbencher Jan McLucas (ALP, Qld) had written a letter to the community on behalf of the Labor caucus seeking feedback on the likely impacts of a fully competitive postal service, the government said.
“We hear a lot about how little the Labor Party seems to be interested in policy and that’s why I was particularly attracted to something that came across my desk the other day,” Communications Minister Richard Alston said.
Read MoreTaiwan plans to corporatize its Directorate General of Posts that is currently governed by the transport ministry, by June next year, an official at the ministry said Friday. The official, who declined to be named, said the ministry is also considering a Ministry of Finance suggestion to turn the posts unit into a financial holding company, as its businesses encompass postal services, accepting deposits and insurance and funds transfers.
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