UPS Logistics Group has agreed to acquire a 75% stake in Uni-Data AG, a leading logistics provider for the high-tech industry in Europe. Terms of the cash transaction were not disclosed. UPS anticipates the acquisition will be profitable but that it will have a negligible impact on earnings.
Read MoreThe State Postal Bureau (China Post) is struggling to become profitable as it adapts to the market economy. Once the most profitable government arm, the bureau has suffered huge losses in recent years as people increasingly turn to the telephone and e-mail for communication instead of writing letters.
Starting next year, the bureau will have to survive without any government subsidies or assistance from associated companies in the telecoms sector. The bureau aims to become profitable over the coming year. The EMS (express mail service) business is the major revenue source of China Post, but is under severe competition from international and domestic delivery companies.
Read MoreTurnover – £38.7m
Number of employees – 1129
Fleet – 516
Number of depots – 23
Location of hubs – Birmingham, London West, Manchester
Read MoreRenewed romours concerning a possible DHL Worldwide Participation in Airbourne Express.
Read MoreThe United Parcel Service subsidiary UPS Logistics Group (UPS LG) is taking over 75% of the German company Uni-Data AG in Schwaig.
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