Christian Salvesen PLC, the European logistics group,
reported a 17.4 pct fall in underlying pretax profit, blaming its German and
Spanish operations, where the downturn in the industrial market place combined
with the ongoing impact of the sharp rise in fuel prices a year ago, has
resulted in poor performances.
Battered by the terrorist attacks and a declining economy, the Postal Service saw its first drop in volume in a decade and finished the fiscal year with a $1.68 billion loss.
Managers are scrambling to cut expenses, seeking help from Congress and discussing the possibility of speeding up a rate increase.
“The economic recession, the Sept. 11 attacks and the anthrax attacks tossed our financial situation up in the air,” Postmaster General John Potter said Tuesday.
Global Crossing (NYSE: GX) has begun the implementation of a fully managed wide area network for the Royal Mail in the UK under a contract with Lockheed Martin Integrated Systems worth an estimated GBP23 million. Royal Mail is the nationwide postal service operated by holding company Consignia.
Read MoreChristian Salvesen PLC, the European logistics company, has been selected by
Tesco to operate its southern frozen consolidation centre, following a
nationwide tender and assessment programme carried out by Britain’s leading
supermarket chain.
Colin Millbanks, head of French-owned GeoPost UK, dismissed remarks by Consignia chief executive John Roberts that ‘our costs are running ahead of income’. Said Mr Millbanks: ‘It is not about costs. Parcelforce Worldwide does not charge enough in the marketplace. ‘It is offering ridiculous rates that are endangering the position of the other players. Tom Bell, managing director of TNT Express Services in the UK, agreed that Parcelforce’s ratecard was ‘wrongly calibrated’.
Read MoreDecember 2001 – Deutsche Post through Danzas has acquired SGS (Scandinavian Garment Service), a Danish garment logistics company whose turnover is Euros 31.1m
Read MoreState-owned express carrier Parcelforce Worldwide is in crisis talks with its unions after taking a £201m hit in exceptional half year losses, compounded by a decade of losses and a £50m writedown 18 months ago.
Read MoreFor internationally operating firms in industry and commerce, the Fiege Group can offer integrated supply chain management with the same high quality standard in all the countries involved in a transaction. And, in cooperation with our customers, the reach of these products to an intercontinental level. Even now we are certainly one of the market leaders in contract l gistics. especially for warehouse management.
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