Exel, the world leader in supply chain management,
announced today that it has recently acquired 100% of All Cargo Logistics (”
ACL”), a leading Austrian air freight forwarder. It is expected that the
acquisition will be earnings enhancing, before goodwill amortisation, in 2002.
Audited net assets at 31st December 2000 were #0.4m.
German Parcel, the German subsidiary of UK postal operator Consignia, and the national partner businesses in the General Parcel group will deliver parcels from the US to Europe with immediate effect following an agreement between Consignia and the United States Postal Service (USPS).
Read MoreConsignia is to reveal detailed plans within three weeks to shed up to 30,000 jobs. The redundancy programme will lead to one of the biggest culls of middle management in British corporate history. Up to 10,000 “suits” are expected to lose their jobs as part of the shake-up. The board believes that huge savings can be achieved by stripping away layers of “inefficient” middle management.
Read MoreAccording to union sources, 600 jobs are to be cut this year at the 21 financial centres of La Poste, the French post office. These centres currently employ about 20,000 people.
Read More11th January 2002 Posten Norge has acquired the remaining 20 per cent of the Shares in Transport Systems International (TSI), the Swedish postal and transportation company.
Read MoreNorthgate is looking at expanding its rapidly growing commercial vehicle hire operations into Europe, where it has already identified acquisition targets.
Steve Smith, chief executive, said: “We are focusing on the French and Spanish market and have already had preliminary discussions.”
Read MoreChanges proposed in 2001 which would have brought the weight limit on reserved services directly from 350g to 50g were too much too soon for An Post. The revised two-step agreement is “acceptable”, according to An post spokesman Mr John Foley. An Post expects one-third of revenues from its letter division will be exposed to competition next year and 40 per cent from 2006. This is still a much larger slice of the industry than in other European countries, because a higher proportion of mail in the Republic is destined to go abroad.
Read MoreDeutsche Post is expect.ed to raise its stake in DHL Worldwide Express to 72 percent early in 2002, DIlL Iiiternational (UK) Ltd managing director David Coles said.
Deutsche Post has a 46.3 percent shareholding, which will rise to 51 percent and then to 72 percent over quickly next year, he told journalists.
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