A tough year for British flag carrier’s finances has been made worse by terrorism. British Airways World Cargo saw half year revenues fall 13.8% to Pounds 271.8m (Dollars 390m). BA World Cargo carried 387,000 tonnes in the six months ended September, down 18% compared with 471,000 tonnes in the same period of 2000.
Read MoreNovember 2001 TPG has acquired 100% stake in Cargotech, a leading Turkish logistics company.
Read MoreExpress parcel delivery specialist Initial City Link has invested in a new system which uses hand-held technology combining a bar code scanner with a digital camera to track consignments and provide evidence of delivery.
Read MoreTDG has been awarded a three-year multi-million pound distribution contract for Home Shopping Europe, the TV shopping channel.
Read MoreThe French post office said it is reviewing
the future of its business to business parcels unit, DPD France. The French
postal utility was responding to a report in the Le Monde newspaper which
said it was considering the closure of DPD France.
Post Danmark, the Danish post office, has issued a profit warning for this year, reducing profit forecasts by about DKr600m from forecasts matching last year’s profits of DKr313m.
Read MoreSchweizerische Post, the Swiss post office, will grant a pay rise of 3.2 per cent, but rejects further material demands by the communication workers’ union. The union informs that it intends to contact the arbitration commission, arguing that the post office is not following up moderate demands.
Read MoreThe Belgian cabinet has called for two reports to be drawn up into Belgian postal services operator La Poste. The first report, which will be put together by La Poste’s administrative board, will concern modernisation and management plans for the group. The second will analyse La Poste’s financial situation. Many ministers believe that the two reports constitute only the first stage in the government’s attempts to bring the management of La Poste back under control.
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