Deutsche Post is set to go on with its continuous growth strategy with the acquisition of Italian parcel operator Casa di Spedizioni Ascoli. This is not the only deal Deutsche Post has in the pipeline, as the acquisition of the remaining 50% of Securicor Distribution could also follow.
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Read MoreFedEx Custom Critical, Inc., North America’s largest time-specific, critical-shipment carrier and a subsidiary of FedEx Corp, is changing the name of its CharterAir division to Air Expedite. The new name reflects the expanded portfolio of expedited air services offered by this division.
“The name change was definitely a customer-focused decision,” said Kevin McClellan, director of Air Expedite. “We want our customers to understand that we offer much more than dedicated charter services. We utilize our surface fleet and our alliances with our sister FedEx operating companies to provide services that simply can’t be found anywhere else.”
Read MoreDeutsche Post World Net will be acquiring Casa di Spedizioni Ascoli S.p.A., Milan effective January 15, 2003. This parcel company is a former subsidiary of trans-o-flex-Schnelllieferdienst GmbH, Weinheim. Approval has been granted by the responsible anti-trust authorities.
Read MoreUnited Parcel Service Inc which is trying to find extra revenue and trim costs wherever it can amid a slump in deliveries, imposed a new penalty on customers who pay their bills late, the Wall Street Journal reported on Monday.
Read MoreDeutsche Post is close to acquiring the remaining 50 per cent stake in Securicor’s UK parcels distribution business. The German postal operator is seeking to streamline its express, freight and logistics services under one roof and to close remaining gaps in its pan-European delivery network. “We are in the final stages of securing a deal – it is imminent,” said a person close to the talks. Deutsche Post is expected to pay up to €300m (£192m) for the 50 per cent it does not already own in Securicor Distribution.
Read MoreExel, the world leader in supply chain solutions, has been awarded a GBP1.3m a year contract with Oxford University Press (OUP), the world’s largest university press publisher, to provide global freight management services to and from the UK and around the globe.
Read MoreThe Periodical Publishers Association has warned of a bleak outlook for the A3 weekly tabloid magazine market if the Royal Mail goes ahead with plans to charge more to deliver large or oddly shaped items.
The Royal Mail has tabled the idea as part of a consultation process with the magazine industry designed to help the postal service from haemorrhaging over £1m per day. It would mean a 30p 1st class surcharge on larger items.
Read MoreDeutsche Post, the semi-privatised German postal authority, said Monday it planned to buy the Italian parcel service Casa di Spedizioni Ascoli later this week.
Confirming media reports to that effect, Deutsche Post said in a statement it planned to buy the Italian with effect from Wednesday.
“The acquisition will increase and improve our position in the Italian express delivery market,” the German company said.
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