Gati records 63% profit jump despite “sluggish” economy
Indian express company Gati Ltd has achieved a 63% increase in net profits for the first three quarters of its 2011-12 fiscal year.
Read MoreAuthor: Ian Taylor
Regulatory approval for PostNord’s Green Cargo Logistics takeover
Scandinavian postal operator PostNord said today it has received clearance for the acquisition of Sweden’s largest third party logistics company.
Read MoreDHL Global opens EUR 27m logistics centre in Brussels
DHL Global Forwarding has opened a new EUR 27m logistics centre at Brussels Airport, which it is bringing together all its Belgian air freight operations.
Read MoreNon-traditional services filling in for letters in postal revenues
The Universal Postal Service has said its latest research shows that for the world’s postal operators, non-traditional services are “quickly filling the gap” in revenues as letter volumes slide.
Read MoreUK jumps 10 places in European postal rate rankings
Norway and Denmark continue to have the highest domestic letter rates in Europe, according to the latest annual survey by Deutsche Post DHL, but the UK has seen the biggest hike in its ranking since last year.
Read MoreThe week that was: 11 May 2012
Rounding up the top stories of the week in the mail and express industry, as reported in Post&Parcel, including a change of plans for USPS, plus latest Deutsche Post, PostNL and Pitney Bowes results…
Read MoreUK watchdog criticises shortcomings of Post Office “Locals”
UK watchdog Consumer Focus has issued a new report highlighting “unresolved problems” in proposals to update and streamline British post offices.
Read MorePackage service growth fails to keep USPS losses from spiraling
The US Postal Service has recorded a net loss of $3.2bn for the first quarter of the year, bringing the fiscal year’s total loss so far to $6.5bn.
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