Author: Archive

Norwegian IT services provider TeleComputing ASA lands 5-year IT On Demand contract from Itella Information AB

Posted by | Aug 18, 2008 | |

Norwegian IT services provider TeleComputing ASA said on Wednesday (13 August) that it has secured a five-year contract for IT On Demand services from the the Swedish information logistics services provider Itella Information AB.

Itella Information is a Swedish subsidiary of the Finnish postal services group Itella Group (formerly Finland Post).

The contract, valued at an estimated SEK13m (USD 2.03 million) covers all of Itella Information’s IT and related services, as well as support and data communication.

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Post Office Outreach Funding To Be Examined

Posted by | Aug 17, 2008 | |

Following concerns by the Business and Enterprise Committee, the National Audit Office is to begin a detailed analysis of the financial support available for UK post office outreach services. The Committee is concerned that outreach services which are already replacing many rural post offices, would ultimately fail through lack of funding.

The Committee demanded clarification on the relationship between Post Office Ltd and Royal Mail as well as Royal Mail’s service expectations from Post Office Ltd, plus a detailed breakdown of exactly how Royal Mail determines the cost of such services against the actual costs as delivered by Post Office Ltd.

Alan Cook, managing director of Post Office Ltd, told the Committee that Royal Mail paid Post Office Ltd, which then paid subpostmasters for the work they did. The arrangement is somewhat unique in that Post Office Ltd is a subsiduary of Royal Mail yet is unable to raise its prices to combat growing costs.

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FedEx Corp. Board declares quarterly dividend

Posted by | Aug 15, 2008 | |

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of USD0.07 per share on FedEx Corporation common stock. The dividend is payable April 1, 2005 to stockholders of record at the close of business on March 11, 2005.

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Deutsche Postbank sale decision will not drag on

Posted by | Aug 15, 2008 | |

It would be unwise to set a time frame for a decision over the sale of Deutsche Postbank, but it will not drag on for much longer, Deutsche Post’s Chief Executive told a German newspaper.

Appel said it is actually an attractive time for foreign banks to be looking at buying German banks, but the credit crisis had made financing such a deal more problematic.

Deutsche Post has been in talks for weeks with potential suitors for its majority stake in Postbank, but has not struck a deal so far. Appel repeated that Deutsche Post will not sell the stake unless the offer was good.

Sources familiar with the situation say Deutsche Bank is among interested parties along with Banco Santander and ING.

A key issue is the valuation of Postbank, whose market capitalisation has fallen to around 7.6 billion euros (USD 11.33 billion), below the sale price of above 10 billion euros that the sources said had been floated earlier this summer.

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An Post sees the point of a top-up for all mobile networks

Posted by | Aug 15, 2008 | |

Consumers in Ireland will be able to buy a mobile phone top-up that works for all networks from PostPoint retail outlets around the country.

With the current split between pre-pay and post-pay standing at 71pc and 29pc respectively, this is a welcome development for mobile phone users.

An AllCall voucher can be used to top up anyone using Vodafone, O2, Meteor or 3 and it’s valid for 12 months from purchase.

Irish company Xelcius Digital Interactive is behind the technology that will supply the AllCall vouchers through EPOS and terminal systems in PostPoint outlets.

Xelcius are providing PostPoint with generic codes that relate to the EUR 10 and EUR 20 denominations. A customer who buys a top-up gets a voucher with a unique code on it. Customers text the voucher code to a short code number. The texter then receives a text message with the top-up PIN number for the network they’re on and they top up in the normal way.

PostPoint was set up initially to complement the Post Office network and allow An Post to offer its services in a wider, more consumer-friendly fashion to the traditional network.

It enabled An Post to win a contract to provide electronic top-ups to Eircell (now Vodafone) through its network, as well as at post office counters. In April 2007, PostPoint became a subsidiary of the new retail bank Postbank, as part of the joint venture between An Post and European financial services provider Fortis.

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SNCF completes Geodis takeover

Posted by | Aug 15, 2008 | |

The EUR 600 million acquisition of freight logistics group Geodis by French rail operator SNCF has been completed with the delisting of Geodis shares from the Euronext Paris stock exchange. SNCF aims to create Europe’s fourth-largest transport and logistics group which will also be among the express market leaders in France.

SNCF, which already held 42.37 pct of Geodis’ share capital and 45.79 pct of voting rights prior to its offer, announced in early April it would offer EUR 135 per share to buy full control of Geodis. The offer, which ran through June and part of July, was supported by the Geodis board and overwhelmingly accepted by Geodis shareholders.

After increasing its holding to 98.40 pct of Geodis capital, SNCF then implemented a squeeze-out to buy the remaining shares on August 8 and Geodis shares were delisted from the Euronext Paris stock exchange on that day.

SNCF will combine Geodis, with 2007 revenues of EUR 4.8 billion, its rail freight division and several smaller transport subsidiaries, into a new group with 2008 revenues of some EUR 8 billion and about 50,000 employees. The new company will include Geodis Calberson, one of the leading express and parcels operators in France.

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Wal-Mart ends merchandise flight with DHL (U.S)

Posted by | Aug 15, 2008 | |

Wal-Mart Stores Inc. ended its agreement to have DHL fly Wal-Mart merchandise nightly from Fayetteville, Ark., shortly after DHL’s May 28 announcement that it intended to hire United Parcel Service for its U.S. cargo airlift work, according to a pilot who flew the route for ASTAR Air Cargo, a DHL contractor.
The flights typically carried 40,000 pounds of jewelry each night for Wal-Mart, Pebler said.
Wal-Mart quit using DHL for the flight from Fayetteville, where it has a jewelry distribution and repair center, because DHL had changed its flight route patterns in ways that didn’t serve all the locations Wal-Mart has, said Dan Fogleman, a spokesman for the retailer. Fayetteville, about 30 miles from Wal-Mart’s corporate office in Bentonville, Ark., was among the areas affected by the DHL route changes, Fogleman said.
Fogleman declined to say how much additional business Wal-Mart does with DHL, or whether the retailer has shifted any of its shipping business to DHL competitors UPS or Federal Express.
DHL declined to discuss its business with Wal-Mart.

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