Phileo Allied which has proposed to acquire the entire equity interest in Pos Malaysia, said that the principal activity of Pos Malaysia after the aquisition, was to provide postal and related services.
Read MoreSix leading transportation service and technology providers have formed a joint venture aimed at providing small and medium shippers with the same quality of service that large shippers are able to command – and at similar prices.
United Airlines, American Airlines, Roadway Express, UTi Worldwide, Unisys Corp. and G-Log are partners in the venture, to be called Integres Global Logistics.
Read MoreConsignia has expanded its presence in the Danish distribution market by acquiring a majority share holding in Stafetten, an express courier company providing specialised delivery services to Danish business customers, it was announced today.
Read MoreAir France said net profit rose 19% in its latest fiscal year to a record €421 million ($360 million). The company said that strong sales growth helped offset a rise in fuel prices and the cost of integrating regional carriers. Revenue rose 19% to $10.5 billion. For the fiscal year ended March 31, 2001, operating profit rose 23% to $378.5 million. That matched analysts’ expectations
Read MoreLufthansa AG and Deutsche Post AG, Germany’s state-controlled postal service, have formed a joint venture for online purchasing. The venture, called Trimondo GmbH, will create an Internet marketing Web site to obtain supplies in Europe. More than 100 companies will use the site to market over 2 million items, ranging from tools to computer accessories, according to a Bloomberg report.
Read MoreTNT Logistics has come an agreement with the Brazilian airline TAM, one of the country’s leading airfreight carriers. This cooperation will offer a broad range of logistics services to manufacturers that have production lines in Brazil, with TAM taking care of airfreight and cargo distribution and TNT of warehousing and road haulage.
Read MoreSeur, express parcels services firm, sets up new depot in Coslada, Spain,
with investment of Euro2.25 mil
Shares in parcels delivery group Business Post dropped 9 percent today as it warned first-half growth would be hit by slowing demand from its hard-pressed computer hardware customers.
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