Tag: Courier/Express/Parcels

TNT UK: new charge has little impact

The introduction by TNT Express of a new minimum invoice charge of GBP25 will not affect the vast majority of the company‘s customers, says divisional managing director, Chris Atkinson. TNT Express says it is introducing the charge in the wake of significant increases in operating costs over the past 12 months, particularly in relation to insurance premiums, London congestion charges and the Working Time Directive. Only a small minority of its customer base is likely to be affected by the move since most customers already meet the GBP25 per invoice threshold.

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United Pallet Network ‘in talks‘ with ANC

Melton Mowbray, Leicestershire-based United Pallet Network says it met with ANC to discuss the parcel carrier‘s wish to develop into the pallet sectork either through a strategic alliance or by delveoping its own network. UPN managing director Andrew Spencer told Motor Transport: ‘Representatives from ANC did come and pick our brains but nothing has been continued.‘ ANC says: ‘We are continally reviewing our service offerings and the market situation to ensure ANC provides the very best available service, exceeding our customers‘ expectations.‘

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More from Nightfreight

Nightfreight says it made over seven million deliveries last year, a 34% rise in volumes since its management buy out in February 2001. Turnover increased by 10% to £98.1m and operating profit rose by 17% to £9m, equal to 9.2% of turnover in 2002.

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TNT Express plans new asian cargo hub at Incheon

TNT Express plans to use a new cargo terminal at Incheon International Airport as its Northeast Asian logistics hub according to Ministry of Construction and Transportation. It follows a similar move in July by industry leader DHL.

The new terminal for TNT is to be built on a lot covering 6,600sqm at a cost of USD6 million.

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Rentokil Initial (including Initial City Link) interim Results for the half year to 30th June 2003

RENTOKIL INITIAL CONTINUES TO DELIVER
STRONG ORGANIC GROWTH AND CASH FLOW

* Turnover from continuing operations increased 6.5% to #1,222.2m.

* Profits before tax increased 7.4% to #200.5m.

* Earnings per share up 12.3% to 7.85p.

* Strong operating cash flow at #118.1m.

* Interim dividend up 10.8% to 1.75p.

* Excellent performances in Security and Parcels Delivery.

* Greater focus on European Hygiene and Security in the future.

* Board expects strong growth in earnings per share for 2003 in line
with market expectations.

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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

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