Deutsche Post World Net AG is to be asked by the German Cartel Office to clarify whether or not its parcel unit Transoflex holds a market dominant position, Financial Times Deutschland said, citing a cartel office spokesman. It said because of this development, it is very likely that Deutsche Post might have to divest its 24.8 pct stake in Transoflex.
Read MoreThe Belgian carrier group ABX Logistics has unofficially confirmed negotiations concerning the sale of its parcel service.
Read MoreAt today’s Annual General Meeting, Neil Benson, Chairman, made the following comments:
“Trading in the first quarter of the current financial year has been in line with our expectations. Our service performance is at its highest level for over two years. Preparations for the start of the FedEx contract on 3 September are well advanced.
Four of the thirteen members of the management team of Van Gend and Loos, the Dutch distribution company of German business Deutsche Post, have left.
Read MoreExpress companies are a reliable bellwether of economic health. In difficult times, their customers either reduce shipments or switch to slower, less expensive modes. And if further evidence were needed of the slowdown in the US economy and its increasing impact on the rest of the world, then fourthquarter figures from FedEx provide it.
Read More
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.
