Year: 2005

Resignation of UK DX Services Chief Executive

Posted by | Sep 12, 2005 | |

The Board of DX Services plc announced on 16 August that Peter Brougham, Chief
Executive had tendered his resignation and that this resignation had been
accepted. It has now been agreed that Peter, who will continue to run the Company whilst the Board carries out its search for a new Chief Executive, will not stand for re-election at the forthcoming AGM on 11 November. Consequently he will stand down from his position as Chief Executive and leave the Company on that date.

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UK Royal Mail announces date for new pricing system

Posted by | Sep 12, 2005 | |

Royal Mail has today confirmed that its new pricing system, Pricing in Proportion (PiP), which means mail will be charged by size as well as weight, will come into force on 21 August 2006. The date was selected following feedback from a number of Royal Mail’s customers. An extensive communications campaign, explaining the new pricing system, will take place prior to the change.

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Koizumi seeks reforms push

Posted by | Sep 12, 2005 | |

Junichiro Koizumi, Japan’s prime minister, on Monday sought to press home his advantage after a massive election victory on Sunday, saying he wanted to push postal privatisation through parliament within two weeks. Party officials said the Liberal Democratic party, which now has a two-thirds majority in the lower house, might take the unusual step of submitting the bills to the upper house first to save time. Its strength in the lower house means it can pass the bills even if the upper chamber rejects them. Mr Koizumi called a snap poll last month after the upper house voted down his bills, turning the election into what he said was a referendum on privatisation of the post office, the world’s biggest bank.

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PWC Buys GeoLogistics

Posted by | Sep 12, 2005 | |

PWC Logistics strengthened its position in the Middle East with the USD454 million acquisition of global freight forwarder and third-party logistics provider GeoLogistics of Santa Clara, Calif. GeoLogistics will continue to operate under its own name as a wholly owned subsidiary of Kuwait-based PWC. Senior management will remain in place. “Freight forwarding is a service that will continue to grow at impressive rates and one where strong market participants will continue to distance themselves from their midsize competitors,” said PWC Chairman Tarek Sultan. “GeoLogistics will significantly increase PWC Logistics’ global forwarding capabilities, especially within, to and from the Middle East.” It’s PWC’s third acquisition of 2005.

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Poczta Polska half year results

Posted by | Sep 12, 2005 | |

Polish postal copany Poczta Polska ended the first half of 2005 with a 320 mln Polish zloty (USD100.8 mln/81.7 mln euro) net profit, up from 278 mln zloty (USD87.5 mln/71 mln euro) a year earlier. Revenue stood at 3.276 bln zloty (USD1.0 bln/837 bln euro) for January to June 2005, compared to 3.26 bln zloty (USD1.0 bln/832 bln euro) in the corresponding period of 2004.

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