Author: Archive

Deutsche Post Monopoly Extended

Posted by | Mar 28, 2001 | |

March 28, 2001 — The German government has decided to extend Deutsche Post AG’s lucrative domestic letter monopoly by five years through the end of 2007, waiting until European Union regulations for postal markets are established. The monopoly on the delivery of letters and catalogues was scheduled to run out at the end of 2002. According to government spokesman Uwe-Karsten Heye, however, Germany wanted to wait for European-wide legislation on the postal markets before allowing Germany to open up.

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Autologic to acquire 40% of CAT and most of Axial

Posted by | Mar 27, 2001 | |

Auologic to acquire,40%of CAT from Renault in consortium with Wallenius Lines and TNT with Renault retaining a 20% stake – cost £47.6m. Also to buy substantially all of Axial from Tibbett & Britten for £74.5m – £59.5m in cash balnce in new Autologic shares. To be financed by Rights Issue of 1 for 2 at £4/share to raise £51m.

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DANZAS IBERICA RAISES TURNOVER BY 20.2%

Posted by | Mar 27, 2001 | |

Danzas Iberica, the Spanish transport company, recorded a turnover of 188.08m euros (Pta31.294bn) in the year 2000, a 20.2 per cent increase on the previous year, according to managing director Felipe Corcuera

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TPG signs letter of intent with CTT Correios

Posted by | Mar 27, 2001 | |

TNT Post Group NV (TPG) announced today the signing of a Letter of Intent with CTT Correios to explore a potential long term strategic alliance, which will mainly focus on domestic and international express delivery services within and from Portugal.

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U.S. Postal Service and Pitney Bowes Form Mailing Industry Task Force

Posted by | Mar 27, 2001 | |

March 27, 2001 — United States Postal Service Deputy Postmaster General John Nolan and Michael J. Critelli, Chairman and CEO, Pitney Bowes have announced at the National Postal Forum in Orlando, FL, the formation of a Mailing Industry Task Force. The primary goals of the task force are to assess the current role and value of hard copy mail in business and consumer communications, evaluate the competitive environment affecting the industry’s future, and identify opportunities for future growth.

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