Author: Archive

French post office hopes to enter consumer credit sector

The French post office (La Poste) is believed to have asked the
French finance ministry for permission to extend its range of
financial services to damage insurance and consumer credit. The
ministry is said to be in favour of the insurance proposal, but
opposed to the idea of La Poste’s distributing consumer credit.

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Germany to sell remainder of Deutsche Post

The German government plans legislation to free the sale of its remaining stake in Deutsche Post World Net, the recently-privatized global mail, express and logistics company. The German cabinet is set to approve changes in existing legislation which requires the government to hold a majority stake of 50% plus one share to ensure Deutsche Post provides a full service.

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UK – Eurocargo breakthrough

In early July, ABX LOGISTICS (UK) LIMITED signed an agreement giving it ownership of the European Freight Forwarding Division of Nightfreight International Logistics Ltd.

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Pitney Bowes Launches Delivery Management Centers for Managing Inbound And Outbound Mail And Parcels

Pitney Bowes (NYSE: PBI) Global Mailing Systems, the world leader in mail and document management technologies, introduced three new Delivery Management Centers. Each of these solutions couples a reliable hardware platform with advanced software that enables customers to manage all of their mail and parcels — inbound, outbound and intra-company. The result is a reduction in shipping costs, the elimination of manual processes, and a heretofore unmatched level of control.

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TNT quietly builds US presence

Despite investing over $20 million in the US, it has no plans to take on FedEx,
UPS. The brouhaha over Deutsche Post’s takeover of DHL Worldwide Express has
overshadowed recent initiatives by TNT to expand its business in the U.S.
While DHL, whose ownership status is being challenged by FedEx and United
Parcel Service, hopes to play in the same league here as the two giant
integrators. TNT has no such aspirations. Still, TNT, whose customers include Abbott Laboratories, Pepsico, Playboy and the World Bank, has quietly ramped up its presence in the U.S. Over the past two years, it’s invested $20.5 million in the U.S., primarily in technology, depots and trucks.

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