Tag: Courier/Express/Parcels

Springer puts postal division up for sale (Germany)

Posted by | Dec 15, 2007 | |

Axel Springer put Pin Group, its domestic logistics subsidiary, for sale after the Berlin parliament passed a controversial minimum wage bill for the postal sector which the company claims will make it impossible to compete.

Springer, which publishes Germany’s leading tabloid newspaper Bild , said it was withholding additional funding to Pin and was prepared to sell its 64 per cent stake in the company, after the lower house of parliament adopted the minimum wage bill by an overwhelming majority of 84 per cent.

Springer said minimum wages made the cost of competing with Deutsche Post “too high”.

Pin said the company’s senior management led by Gunther Thiel, chief executive, was prepared to buy Springer’s stake and inject a high double-digit million euro figure into the business. Pin declined to comment on German press reports suggesting it had agreed to buy the stake for a symbolic EUR 1.

Springer this summer paid EUR 510m (EUR 735m) for a 48 per cent stake in Pin in anticipation of the German postal market’s full liberalisation on January 1 2008. It owns 64 per cent of Pin.

Pin, which employs more than 9,000 and pays staff between EUR 7.50 and EUR 8.20, said it would look at additional job cuts to the 1,000 announced two weeks ago.

A spokesman for Deutsche Post said the agreement “does not mark the end of competition in the German postal market. We still pay 80 per cent of our delivery staff an average hourly wage of EUR 16.63, significantly above the new minimum rate.”

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Christian Salvesen : effective date of scheme of arrangement – cancellation of listing

Posted by | Dec 14, 2007 | |

Christian Salvesen PLC (“Christian Salvesen”) announces that the Court granted an order confirming the reduction of the share capital of Christian Salvesen as part of the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007. A copy of the Court order has been delivered to and registered by the Registrar of Companies. The Scheme accordingly became effective today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the cancellation of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the cancellation of the admission of its ordinary shares to trading on the London Stock Exchange’s market for listed securities, in each case with effect from 8.00 am on 17 December 2007.

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New depot gives transport firm a 'LIFT'

Posted by | Dec 14, 2007 | |

The success of Midlands transport company LIFT, which is part of the PalletFORCE palletised distribution network, has been underlined by a move to a new 2¼ acre site in Burton-on-Trent.
LIFT, also known as Lichfield International Freight Terminal, was previously based on farmland in the village of Alrewas but the company had outgrown the premises following a consistently strong performance.
The new site is located in an industrial estate in Burton, providing improved access and logistics links to major roads. The depot comprises a 35,000 sq ft warehouse and 2,500 sq ft of offices.
“The move has basically made our operation much easier,” confirms Ron Rowe of LIFT. “Greater yard space enables us to use more forklifts and therefore improved speed and efficiency.
“We feel that the Burton Depot is the ideal base from which to grow the business further,” he adds.
LIFT has been a Member Depot of PalletFORCE since the Network’s launch in 2001, and covers the DE and WS postcodes.

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Christian Salvesen: Court order approving scheme of arrangement for recommended offer

Posted by | Dec 13, 2007 | |

Christian Salvesen PLC (“Christian Salvesen”) announces that, at a hearing today in the Court of Session, the Court granted an order sanctioning the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007 (the “Scheme Document”). A copy of the court order will be delivered to the Registrar of Companies today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the suspension of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the suspension of the trading of its ordinary shares on the London Stock Exchange’s market for listed securities, in each case with effect from the close of business on 13 December 2007.

Completion of the Transaction remains subject to confirmation by the Court of the reduction of capital which forms part of the Scheme and the registration of the Court order by the Registrar of Companies. This is expected to be received on 14 December 2007, whereupon the Scheme will become effective.

Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Scheme Document.

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John Mullen, CEO DHL Express, Excel Award for Communication Leadership

Posted by | Dec 13, 2007 | |

The winner of the 2008 IABC Europe/Middle East Excel Award for Communication Leadership is John Mullen, CEO and Board Member, DHL Express.

John has clearly made a remarkable impact on the success of his organization through his commitment to communication; has shown examples of communication at its best both internally and externally, speaking honestly in the face of problems and using the personal touch with colleagues; and has clearly put communication at the heart of his leadership style, devoting time, energy and enthusiasm to dealing openly, directly and credibly and with his many different stakeholders.

John Mullen will be presented with his award at the IABC’s Eurocomm conference in Barcelona on 4th-5th February 2008, where he will present the keynote address.

Previous Excel Award winners have been: David Radcliffe, CEO of Hogg Robinson (2004); John O’Neill, CEO of AXA Ireland (2005); and John Leggate, CIO of BP (2006).

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