BAX sees first profit since 2000
BAX Global recorded its first operating profit in two years during the fourth quarter of 2001 despite a 17% drop in revenue.
Read MoreYear: 2002
Promoting effective competition in UK Postal Services
Promoting effective competition in UK Postal Services
Read MoreGermans target Royal Mail
The German post office is likely to apply for a licence to collect business mail in the UK following the publication of plans to open the market to competition.
Deutsche Post is the largest in a group of postal and distribution companies thought to be queueing to enter previously closed parts of the UK market now that the regulator, Postcomm, is to end the postal delivery monopoly held by Consignia, formerly the Post Office.
Regulator to Address Concerns About Deutsche Post Pricing
Germany’s Regulatory Agency for Telecommunication and Posts (RTP) plans to introduce a new price-capping procedure to address concerns about the pricing policy of postal services group Deutsche Post AG, Handelsblatt has learned.
RTP vice-president Gerhard Harms said the details of the procedure, the conditions that must be followed, will be decided shortly. The approval for current prices runs out at the end of 2002.
Lazard to advise government on Consignia
Lazard, the investment bank, has been hired by the government to advise on the restructuring of Consignia, the renamed Post Office. The bank’s mandate is to review the restructuring plan put forward by Consignia’s board. It will also advise the government on companies that bid to take over parts of the post-office operation.
Read MoreExel wins Panasonic contract
With immediate effect the London-based Exel group has taken over the distribution of products and additional logistics services in Western Europe for the leisure electronics giant Matsushita Electric Industrial Co. Ltd of Japan (MEl) and its famous brand name Panasonic. Central organisation is handled through the Exel distribution facility at Veghel (Netherlands). which coordinates and handles processes all over Europe.
Read MoreU-Freight: A stake in China
The globally operating US transport and logistics group U-Freight has acquired a 50% stake in Shanghai Rijin International Freight Co. Ltd., thereby strengthening its presence in China.
Read MoreConsignia finds fame in noteriety
CONSIGNIA leaders have a small crumb of comfort at the end of an otherwise dreadful week – most of their customers at least know who they are.
A survey for the company has found that, for the first time since it changed its name last year, a majority of the UK population recognises the new title for the Post Office.
After weeks of making headline news for all the wrong reasons the profile of the Consignia brand has risen to its highest-ever level, with 55 per cent saying they knew the name.
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