Tag: Courier/Express/Parcels

French Xaap Finance to buy 70 percent in TAT Express

Posted by | Apr 1, 2005 | |

French holding company Xaap Finance, controlled by the Papot family, will acquire a 70 pct stake in the capital of local TAT Express, the express freight transport subsidiary of French national post office La Poste, it was reported on March 31, 2005.

Xaap Finance holding will be headed by Philippe Papot, who is also president of the supervising board of French Groupe Multipap, specialised in desktop and computer-aided publishing.

TAT Express has 1,500 employees and is a subsidiary of GeoPost, the holding which regroups the main French and European parcels trademarks of La Poste group. TAT Express was founded in 1976 and since 1994 has been part of La Poste group. TAT Express has an annual turnover of 175 mln euro (USD226.7 mln) but registered a net loss for 2003, accounting for 8.84 pct of its annual turnover.

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TNT Express in Czech Republic raises sales, profit in 2004

Posted by | Mar 31, 2005 | |

Czech express delivery service TNT Express increased sales by 30.8 per cent to EUR17.7m (some Kc532m) last year, CEO for the Czech Republic Petr Chvatal told a news conference today. Gross profit went up by almost 62 per cent to EUR3.3m (some Kc100m), Chvatal said. The company expects sales to increase to EUR20m (Kc600m) and profit to EUR4m (Kc120m) this year. Sales on the entire Czech express delivery market amount to an estimated Kc4bn. Around 1.5 million consignments are dispatched annually, with the market growing by around ten per cent a year, Chvatal said.

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GLS accuses DHL

Posted by | Mar 30, 2005 | |

The British post’s subsidiary GLS has accused DHL of practising price dumping in Germany. In an interview with the daily “Die Welt”, CEO Rico Back said the Deutsche Post parcel subsidiary would undercut GLS tariffs with discounts between 8 and 10% or 20 to 30 cent per parcel. DHL would guarantee customers the same price until 2007 and exclude any increase due to higher road toll or fuel costs. Mr Back called the practice “untrustworthy”.

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Exel refuses to comment on rumours of Deutsche Post takeover bid

Posted by | Mar 30, 2005 | |

Exel PLC have refused to comment on rumours that Deutsche Post AG is preparing a bid for the group.

The bid rumour pushed shares in the logistics and freight management group 8 pence higher to 860 at 12.05 pm.

‘The company does not comment on market speculation,’ a spokeswoman for Exel said.

Exel’s share price has recently been buoyed by intense speculation about a bid, with United Parcel Service Inc (UPS) and Federal Express also mentioned as potential bidders. At today’s price, Exel would be valued at about 2.56 bln stg.

Last month, the group was subject to a round of takeover speculation after it posted a 15 pct increrase in underlying pretax profits to 170.2 mln stg.

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