Dutch group TPG, which owns TNT, says it has launched cost-cutting measures across its poorly-performing logistics business. The comment came as the group reported a 2.8% rise in net profit to £147m in its first quarter results.
Read MoreAny disputes over DHL’s intended takeover of Airborne Express appear to be taking place in Washington, not among shippers in the rest of the United States. While FedEx and United Parcel Service are ramping up their battle against DHL’s planned expansion, claiming that the smaller competitor is an unfair and illegal front for Germany’s market-grabbing postal monopoly, groups representing shippers say the deal could bring important new competition to the domestic express market.
Read MoreApril 2003 City Sprint have taken over the business of MPC logistics. MPC logistics was formed by Marc Chauveau and was part of the Sentinal Business Services Group. Sentinel were reported to be in difficulty and the document storage elements of Sentinel’s business have been transferred to Recall – a subsidiary of Brambles.
Read MoreIt is no secret that the world airline industry has been plunged into its deepest crisis yet. To be sure, the industry has always been highly cyclical, and past downturns have claimed some of the most storied names in commercial aviation. But most of those carriers clearly were among the weakest members of the herd. This time, some of the largest airlines in the world face the very real prospect of bankruptcy, followed by liquidation, if they cannot persuade creditors and unions to restructure costs before the cash runs out. After the disastrous 2001 and the leveling off of last year, 2003 is turning out to be a year of painful lessons for many people.
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