Bax Global acquire Austrian Forwarder
BAX Global of the US have acquired the air/ocean operations of Schier, Otten & Co. of Austria. This gives BAX a presence in Vienna, Linz and Graz.
Read MoreTag: Austria
Deutsche Post Set to Buy Austria's Cargoplan
Deutsche Post AG is close to reaching agreement on the takeover of Austria’s Cargoplan-Gruppe. A spokesman for the German postal services giant confirmed Wednesday that his group was “in talks on the acquisition of a logistics group”. But he added that a deal had not yet been finalized.
Meanwhile, the tug of war over Deutsche Post’s minority shareholding in courier service Transoflex continues. Antitrust concerns could end up forcing Deutsche Post to sell its 24.8% stake in the company.
Way to pay on the cards
UPU, the union of postal services, is developing a payment system for B2C e-commerce for use in countries that do not use credit cards or whose residents will not give credit card numbers over the Internet
Read MoreBrussels set to block Lufthansa deal
The European Commission is understood to want Lufthansa, Germany’s national air carrier, and Austrian Airlines to find a competitor for almost all of the direct routes between Austria and Germany as the price for clearing their alliance. The Commission is concerned that an alliance between the two airlines would eliminate competition on almost all routes between Austria and Germany.
Read MoreFEDMA Survey Finds Strong DM Growth in Europe – Germany in the lead
Total DM spending in the European Union in 1999 totaled more than 42 billion euros ($36.8 billion at current exchange rates of about 90 cents) with direct mail accounting for the lion’s share — 26.5 billion euros.
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