Lane group has exchanged contracts on a sale and leaseback of its property at Portbury.
Proceeds net of costs will be £3.9m and there will be an ongoing rental obligation for 15 years to the break clause, starting at £325, 000 a year. Bank facilities are confirmed, subject to the completion of the sale and leaseback.
DX Services PLC said its newly appointed chief executive Paul Kehoe has bought 5,000 ordinary shares in the British mail delivery company at 323.50 pence each, and now holds 11,500 shares, or 0.014 pct of the issued capital. Kehoe was appointed DX Services chief executive last month.
Read MoreTNT NV said it intends to start a strategic alliance with Germany’s Hermes on the distribution of parcels and other mail. The combining of distribution operations on the German market is slated to start in the first quarter of next year. The deal does not involve any exchange of finances, a TNT spokesman said.
Later, TNT and Hermes might start what the spokesman called a ‘joint production operation’, which – at a later stage – might also be expanded to the French and English distribution markets, where Hermes and TNT are also active.
Austrian postal company Oesterreichische Post AG has concluded a cooperation agreement with German freight company trans-o-flex for the delivery of business shipments within Austria and those eastern European countries where Post AG is represented, the company said on December 12, 2005. Under the terms of the agreement Post AG will handle all shipments between business customers under the market name “EURODIS”, starting January 1, 2006. tran-o-flex, in its turn, will deliver all Post AG shipments in Germany.
Read MoreThe future of Canada’s public post office will be decided by a private trade tribunal operating from the World Bank headquarters in Washington D.C. The hearings over our post office will run from December 12-17th.
The Canadian Union of Postal Workers (CUPW) and the Council of Canadians (the Council) are concerned that the tribunal, which is looking at a complaint filed by United Parcel Service (UPS), could issue a decision that has disastrous implications for postal and other public services.
UPS is using Chapter 11 of the North American Free Trade Agreement (NAFTA) to demand financial compensation of 185 million CDN from Canada’s federal government. This amount will double if UPS wins damages to date.
UPS claims its investments are being limited by Canada’s publicly funded network of mailboxes and post offices. It believes this network gives Canada Post an unfair advantage when delivering parcel, express and courier services that are in competition with private courier services.
Read MoreDHL Global Mail France has recently appointed Alain Halvick, 51, manager of automatic data processing and digital information, it was reported on December 9, 2005.
At the position, Halvick will be in charge of developing and implementing electronic solutions for automatic data processing, electronic invoicing, electronic data interchange (EDI), archiving of digital content and electronic document management.
At DHL Global Mail France Halvick is a subordinate to the general management and will work in close collaboration with the teams of Deutsche Post World Net in France and Germany. Deutsche Post World Net is the parent company of express services provider DHL.
Read MoreThe decision of TNT to put a ‘for sale’ sign on the majority of its worldwide logistics activities has prompted a series of questions from industry observers and analysts.
Much of the speculation revolves around the identity of likely potential buyers and whether the logistics business will be sold as one entity or hived off in pieces to several purchasers.
There are also questions about the timing of the move by the Netherlands-based mail, express and logistics group, and the reasons behind it.
Announcing its decision largely to withdraw from logistics during next year, TNT stated last week that a strategic review of its businesses had concluded that the group’s strength lay in designing, implementing and running de- livery networks in the mail, express and freight management sectors.
Read MoreTNT Express is growing its vertical markets business by focusing on key Middle East sectors including oil and gas, telecoms, IT, electronics, banking and retail. Newly-appointed National Major Account Manager, James Edgeworth, will spearhead the company’s vertical markets division. Edgeworth, who has worked for TNT for over five years in various senior level sales positions, will focus on driving and growing the company’s customer base and market share in its key vertical sectors. ‘TNT is now servicing these sectors with specialist key account managers who have industry knowledge and a better understanding of our clients’ business,’ said Bryan Moulds, Country General Manager, TNT UAE. ‘This structure is already in place in Europe and the Middle East is now large enough to adopt the same specialised segment strategy. Our dedicated team of specialists will improve order to deliver cycle times and help customers reduce the total supply chain costs.’
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