The Ausdoc document management group has begun talks to sell its core courier and mail businesses.
Ausdoc chairman Michael Butler said the talks involved the DX Express courier unit, the Australian Document Exchange, upon which the company was founded, and the GoMailroom management business.
First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, today announced that its Western Union Financial Services subsidiary has signed a multi-year contract with Australia’s national postal service. Australia Post, which currently issues Western Union International Money Orders(R), will begin offering Western Union Money Transfer(R) services in each of its approximately 3000 on-line locations by the end of 2002.
Read MoreAustralia Post has beefed-up its service offering, striking a deal with American Express enabling customers to access travellers cheques and foreign exchange through 2,900 postal outlets around Australia.
In addition, customers will be able to cash their Travellers Cheques commission-free at the same outlets.
TNT Australia has embarked on a restructuring under new chief executive Roger Corcoran to return the Dutch-owned express freight company to profitability, focus on its core business, and win back market share from rivals such as Toll Holdings and Mayne Group.
Read MoreAustralia Post has emerged as frontrunner to buy Ausdoc’s $NZ200million ($167.2 million) New Zealand courier and express freight business Freightways Express Ltd, in a move that would signal an Australasian expansion strategy by the postal giant.
Ausdoc, a document logistics group, announced on Tuesday that it was in exclusive negotiations to sell the New Zealand business as part of a break-up strategy.
Ausdoc said a binding sales agreement would be reached in the next fortnight.
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