TNT Express on track but logistics profits halve
TNT Express on track but logistics profits halve
Read MoreTag: Courier/Express/Parcels
GeoPost UK wins health and safety award
Express parcels group GeoPost UK, Interlink Express and Parceline’s parent company, has won the prestigious Royal Society for the Prevention of Accidents (RoSPA) Occupational Health & Safety Award for 2003. The company received the SILVER award at a special ceremony held at the Hilton Metropole Hotel, Birmingham recently. The award recognises the company’s achievement in raising health and safety standards, and improving performance across its vast 134-depot nationwide network.
Read MoreFedex to target 100 more Chinese areas within 5 Years
FedEx Corp has targeted expansion into 100 more Chinese towns and cities within five years reported FedEx’s domestic general manager.
Zhong Guoyi said inland cities would be included in the company’s Chinese logistics web, with each one being incorporated into the company’s global air cargo network.
Read MoreDutch Logistics group TPG intensifies restructure
Dutch mail and parcels firm TPG, the world’s second-largest logistics group, delivered second-quarter results yesterday that were better than expected and stepped up efforts to restructure its logistics operations.
The group, which owns Atherstone parcels carrier TNT, employs over 160,000 people in 62 countries and serves over 200 countries. During 2002 the company reported sales of GBP8.2 billion, an increase of 5% over the previous year.
Chief executive Peter Bakker hailed the performance of the mail and express businesses but said: ‘Logistics continues to produce disappointing results but I am confident that major improvements will be made in the future.’
Read MoreSagawa Express sets up nationwide delivery joint venture in China
Japan’s parcel delivery company Sagawa Express Co Ltd said it has set up the first nationwide distribution firm in China with local partner China Poly Group Corp. Poly-Sagawa Logistics Co Ltd, a 50-50 joint venture, was established in Shenzhen in June with USD10.8 million in capital and aims to start operations in September, having already received government approval, the companies said.
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