Parcel delivery company DPD Switzerland has appointed Hans Fluri, 53, chairman of the board of directors. DPD Switzerland is a 100 pct subsidiary of French express and parcels company GeoPost, which is owned by French postal group La Poste. DPD Switzerland also appointed former director of Swiss Post, Jean-Noel Rey, vice-chairman of the board of directors and Georges Champoud CEO. Rey will also be responsible for DPD strategy and marketing.
Read MoreJapan Post and TNT NV announce today that they will enter into a strategic co-operation, aimed at jointly realising a leading position in the Asia Pacific express and logistics market. The co-operation will build on the strengths of TNT’s global network and Japan Post’s strong domestic position and reputation.
The first steps of the co-operation include the launch of co-branded international premium express products to customers in Japan. For this purpose Japan Post and TNT will establish a joint venture. This JV is based on the current international express activities of TNT to and from Japan and Japan Post’s domestic presence as well as its strong relationships with Japanese corporations. Starting from this joint effort, both parties aim to enlarge and strengthen this co-operation in the Asia Pacific region as a next step.
TNT reports revenues increase of 9%, operating income up 37% in Express and earnings per share 5% higher. CEO Peter Bakker commented “I continue to be pleased with the good progress of Express, which hit another record third quarter margin. Mail delivered as expected with solid execution of the masterplans, which have now brought us almost EUR200 million of cumulative savings, and European Mail Networks achieved a revenue growth of 34% this quarter. In Logistics, we moved ahead with the refocusing of our French operations, and have received offers for large parts of this business. In the rest of Logistics, partly resulting from an unexpected law change in Italy, margin pressure remained, although we did see some positive signs in business development.”
Read MoreRoyal Mail is under intense pressure from the Treasury to sell its successful European parcels business, GLS, as well as billions of pounds worth of property. Ministers and officials have told Allan Leighton, Royal Mail’s chairman, that the company must raise cash to help fill the pounds 4bn hole in its pension fund. “There is no way that we can simply write a cheque for billions to sort out the pension fund when the company is sitting on assets worth a fortune,” said a government member. Leighton has received approaches from the world’s largest logistics businesses, FedEx, UPS and TNT, all of which want to buy GLS. “We could sell it tomorrow,” said an executive close to Royal Mail. Leighton is determined to retain GLS. He believes Royal Mail’s future prosperity relies to an extent on its ownership of an unregulated, international business such as GLS.
Read MoreThe state owned Portuguese mail service provider CTT Correios de Portugal would like to generate sales of EUR 175 million in the express mail sector in 2006, according to its president Luis Nazare. CTT took over the Spanish CEP company Tourline Express about a year ago.
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