Tag: Courier/Express/Parcels

TNT and the State of the Netherlands have reached agreement on the transfer of the Special Share

Posted by | Nov 16, 2006 | |

TNT and the State of the Netherlands have reached agreement on the transfer of the Special Share following the ruling by the European Court of Justice on 28 September 2006 that the Special Share contradicts EU law.

The State will transfer the Special Share to TNT for free and both parties have agreed to terminate the special control rights and the other arrangements that are related to the States shareholding in TNT. On its next Annual General Meeting of Shareholders TNT will propose to cancel the Special Share and have its articles of association changed accordingly. Until such date TNT has agreed to neither exercise the rights attached to the Special Share nor sell the Special Share.

Read More

TNT sells freight management to GEODIS

Posted by | Nov 16, 2006 | |

TNT N.V. today announced that it has signed a Sale and Purchase Agreement (SPA) to sell its freight management business unit to French logistics service provider GEODIS SA. The transaction has an enterprise value of euro 460 million, cash and debt free. TNT estimates cash proceeds of above euro 400 million. The transaction will bring TNT a book gain of well over euro 150 million and is expected to close in the first quarter of 2007 subject to regulatory clearances. Final amounts will be calculated on the basis of completion accounts.
Peter Bakker, CEO of TNT stated: “We bought the business in 2004 primarily based on a rationale related to Logistics. As part of our Focus on Networks strategy we studied the relationship to our express and mail delivery networks and decided that selling the freight management business is the best way forward and will allow TNT to focus on the many growth opportunities that our network businesses offer. I congratulate GEODIS with the acquisition of this excellent business and wish the management and employees continued success.”
Pierre Blayau, Chairman & CEO of the GEODIS group stated: “We are very excited by the acquisition of TNT Freight Management, which is a valuable company and a perfect fit with GEODIS business model. I am pleased to confirm that Jeff Hoogesteger will remain CEO of TNT Freight Management from Headquarters maintained in the Netherlands”.

Read More

DHL deepens commitment in Vietnam with USD 14 million investment

Posted by | Nov 16, 2006 | |

DHL, a leading express delivery and logistics company, today announced an investment of USD14 million for infrastructure upgrades and service expansion in Vietnam from its Express business, as well as a commitment to increase its strategic presence around Vietnam for the DHL Logistics arm.

Under the newly formed DHL-VNPT joint venture, DHL Express will be investing USD14 million into Vietnam, which is earmarked for new facilities in Hanoi, Ho Chi Minh, Haiphong and Danang, as well as fleet upgrades, direct service expansion to key industrial zones, and new vehicles.

The expansion in Vietnam totals DHL’s Asia Pacific investment to more than USD1.7 billion. The logistics infrastructural announcement in China, the expansion of the Incheon facility in South Korea and, within the week, the inauguration of the new Bangkok hub, are part of DHL’ s recent announcements that further reiterate the company’s commitment to the Asia Pacific region.

Read More

DHL consolidates its presence in the Basque Country with the purchase of Transportes Eganaberri

Posted by | Nov 16, 2006 | |

DHL Iberia, the world leading transport and logistics company , has recently acquired the Egañaberri transport company.

This operation was completed at the end of October and means the Bergara depot’s integration into the DHL group, as the Egañaberri transport company operated in that town under the DHL Express trademark as DHL’s representative in West Gipuzkoa, serving the whole of the Deba Valley.
In this way, the two DHL Express centres covering the province of Guipuzcoa (San Sebastian and Bergara) now belong to the DHL Group.

With this operation, DHL has consolidated and strengthened its presence in the Basque Country, where it recently opened new premises at Bilbao airport and the air hub for Spain, Portugal, South-West France and Noth Africa, in Vitoria.

Read More

DHL expects a growth of 10% a year in Thailand

Posted by | Nov 15, 2006 | |

Express and logistics giant DHL expects to grow more than 10 per cent a year in Thailand following the opening of its new facility at Suvarnabhumi Airport, The Nation reports.

DHL has spent USD22 million (Bt805 million) on the logistics hub inside the airport’s Customs Free Zone, which – at more than 12,000 square metres – is five times larger than its previous facility at Don Muang Airport.

DHL has been expanding its network and capacity throughout Asia, and the Bangkok hub has been designated the gateway to Indochina, said Scott Price, DHL’s Asia-Pacific chief.

With economies growing and exports surging, Indochina’s logistics business is poised for increased growth, Price said.

He said neither the political situation nor the baht’s appreciation had had an effect on DHL’s expansion in Thailand.

The Bangkok hub will boost service efficiency and speed up cargo processing. It has the capacity to handle more than 23,000 pieces per hour and more than 6 million shipments a year and will employ more than 200 workers.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


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.

Subscribe to the Magazine

 

Pin It on Pinterest