TNT Portugal, the Portuguese national subsidiary of TPG managed to increase its turnover by 10% to EUR 31.9 million last year. TNT Portugal is therefore now market leader within Portugal, claiming a market share of 16% in the Portuguese domestic market.
Read MoreDHL, the transport and logistics subsidiary of Deutsche Post, the German postal service, has signed an agreement with its trade unions in France concerning a plan for the restructuring of its business in France. The redundancy schemes that form part of this plan are expected to affect 10 per cent of the company’s 12,000 staff. The plans will affect the company’s freight, logistics, express and transport commission services. In total, these divisions achieve a turnover of over 1.6bn euros in France.
Read MoreFedEx chairman Frederick W. Smith told a Senate panel looking at postal reform Thursday that it has two choices: Liquidate the Postal Service as technology encroaches on its primary business or force it to compete.
Smith, whose Memphis-based package delivery and logistics company is both in partnership and in competition with the 750,000-employee government mail-delivery giant, laid out a list of proposals aimed at improving service, adjusting Postal Service pricing structures and ending the USPS monopoly by 2008.
Read MoreChief executives of package delivery giants FedEx Corp. and United Parcel Service have urged Congress to ensure that in future the U.S. Postal Service will not be permitted to leverage its mail monopoly to compete with privately run businesses.
Read MoreHong Kong. FedEx has extended its partnership with Kodak in Ltd in Hong Kong by setting up FedEx self-delivery service counters in Kodak express shops, providing more drop-off points for customers to deliver their shipments. This follows the launch of a similar partnership with Kodak in Malaysia, where eight Kodak stores offer courier services.
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