Year: 2005

Vietnam Post and telecommunication sectors to be separated

Posted by | Oct 3, 2005 | |

Administration of post and telecommunication operations is to be partitioned in 2007 in a plan approved by the Prime Minister Phan Van Khai. The move aims to bring Vietnam’s postal services up to par with other countries in the region and spur development of both sectors by 2010. Under the approved project, the postal and telecommunication sectors are to work independently to provide internationally-recognised services. By 2010 Vietnam should have 13,000 outlets nationwide, ranging from large post offices to small village kiosks, each serving about 7,000 residents on avarage. In the PM’s decision, he stressed the emphasis the Government places on domestic and foreign economic sectors investing in postal industry development. He said the Government encourages foreign investment of up to 100 per cent.

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French Geodis strengthens express business

Posted by | Oct 3, 2005 | |

French transport and logistics group Geodis has strengthened its express business by integrating six new branches from the network of local express transport specialist France Express, it was reported on October 3, 2005. The six branches include the France Express units in Strasbourg, Mulhouse, Belfort, Epinal, Tarbes and Brest. Geodis will also acquire 100 pct of the capital of Calberson-Danzas in Clermont Ferrand, a company which is part of France Express through its subsidiary Puy de Dome Express. Via this acquisition Geodis will strengthen its express business, especially in eastern France, as well as its positioning within the France Express network, now managing 74 of the 99 regional franchises.

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Romania to sell off state postal company

Posted by | Oct 3, 2005 | |

Romania’s government on Monday launched the restructuring and privatization process of the state postal company. The Ministry of Communication and Information Technology said in a statement it was inviting bids from international consulting firms to assist in the restructuring of the company and international banks who want to advise in the privatization of the company. The government plans to sell the Romanian Post by 2008.

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Davies Turner and Pall-Ex team up

Posted by | Oct 3, 2005 | |

Logistics company Davies Turner has joined Pallet network Pall-Ex, covering the Bromley and Dartford postcodes in south-east London. The previous member for the area had left the network “by mutual agreement”, Pall-Ex said.

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Japan Post begins selling investment trusts

Posted by | Oct 3, 2005 | |

Japan Post began selling investment trusts Monday through its nationwide post office network in what Japan Post President Masaharu Ikuta called a “very historically meaningful” undertaking. The public postal entity said the sale of investment trusts got off to a “stable start” as 1,220 individuals concluded 1,452 deals worth 1.08 billion yen or an average 885,000 yen per person. Japan Post is selling three investment trusts at 575 post offices across the country. The minimum amount of investment is set at 10,000 yen.

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DHL and Air France – KLM intensify their collaboration

Posted by | Oct 3, 2005 | |

Air France – KLM and DHL Express have signed a three-year contract that covers all express delivery within the European Union. DHL Express will deliver all parcels sent to European destinations and all internal documents for the two airlines. DHL and KLM have been collaborating intensively for the last three years. Both organisations have invested in joint IT and Finance solutions.

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Belgium knows best

Posted by | Oct 2, 2005 | |

It will be as exciting as taking a stake in the Belgian Post Office. Which, in the manner of a pickled stockbroker of yore, is as if to say “dull, dull, dull”. How then to explain that CVC, one of the UK’s leading private equity houses whose annual investment returns are habitually well over 20 per cent, is taking a substantial holding in De Post/La Poste, Belgium’s state-owned postal service?

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