Nightfreight says it made over seven million deliveries last year, a 34% rise in volumes since its management buy out in February 2001. Turnover increased by 10% to £98.1m and operating profit rose by 17% to £9m, equal to 9.2% of turnover in 2002.
Read MoreTNT Express plans to use a new cargo terminal at Incheon International Airport as its Northeast Asian logistics hub according to Ministry of Construction and Transportation. It follows a similar move in July by industry leader DHL.
The new terminal for TNT is to be built on a lot covering 6,600sqm at a cost of USD6 million.
Read MoreRENTOKIL INITIAL CONTINUES TO DELIVER
STRONG ORGANIC GROWTH AND CASH FLOW
* Turnover from continuing operations increased 6.5% to #1,222.2m.
* Profits before tax increased 7.4% to #200.5m.
* Earnings per share up 12.3% to 7.85p.
* Strong operating cash flow at #118.1m.
* Interim dividend up 10.8% to 1.75p.
* Excellent performances in Security and Parcels Delivery.
* Greater focus on European Hygiene and Security in the future.
* Board expects strong growth in earnings per share for 2003 in line
with market expectations.
International Logistics Network says it has already signed up 30 members for a planned new pallet distribution network, despite keeping a low profile. The company was established in April and has its registered office in Kenilworth, Warwickshire. It says it has also secured a 6,500sq m hub in the West Midlands.
Read MoreSummary of European postal liberalisation progress
Read MoreBusiness leaders today voiced concern about the prospects of a postal strike as 160,000 workers started voting on whether to take industrial action in a row over pay.
Talks aimed at resolving the dispute broke down last night, with the Royal Mail accusing the Communication Workers Union of “going backwards” and asking for more money.
The union said the Royal Mail had treated workers with “total contempt” as the attempted peace talks at the conciliation service Acas ended with the two sides further apart then ever.
The British Chambers of Commerce said today it was “very concerned” at the threat of a national strike.
Policy adviser Matthew Knowles said: “A cheque arriving in the mail on time can mean the difference between life and death for a company, especially a small firm.”
Read MoreUnion leaders have pressed ahead with a strike ballot of 160,000 Royal Mail workers, despite management warning that a stoppage would be “commercial suicide”. Allan Leighton said the group had lost £611m and needed to put an extra £100m a year into its pension fund. He said: “In this context, the 14.5% on the table is an incredibly good offer, the best for 10 years. “It’s important that every-one understands that a vote to strike will result in a strike and that the company will not, at any stage, be able to improve its offer.”
Read MorePosten’s adjusted operating earnings for the six months ending in June were SEK298m, an improvement compared to the previous year of SEK48m despite a provision of SEK168m relating to the closure of two terminals. Posten continues cost-cutting to improve profitability. The central administration has been downsized during the spring. Further, a restructuring program has been initiated that will lead to additional efficiency enhancements. A new business strategy will be shaped this fall encompassing Posten’s vision, business idea, goals and strategies as well as an action plan for the future.
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