Tag: Europe

TNT wins customer direct contract from Sainsbury's worth undisclosed amount

Posted by | Aug 4, 2006 | |

TNT NV said it has signed a contract with Sainsbury’s PLC to handle about 20 million mail items in an effort to modernise the UK’s supermarket’s customer postal communications and generate cost savings.

Sainsbury’s will use TNT to deliver most of its customer direct mail through TNT Post’s 48-hour service for pre-sorted mail, with the UK’s Royal Mail continuing to carry out the final sort and delivery to customers homes nationwide.

No financial details were disclosed.

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3i completes ABX Logistics buyout

Posted by | Aug 4, 2006 | |

British financial investor 3i said that it has completed the takeover of Belgian-based ABX Logistics for an undisclosed sum following this week’s clearance for the deal from the European Commission. But, as previously reported, the domestic Belgian business has been left under the ownership of Belgian Railways.

3i said in a statement that it and funds which it has advised have completed the acquisition of ABX Logistics’ international trucking, air and sea freight forwarding activities, including those to and from Belgium, and its contract logistics business. The deal was previously valued at about €80 million by Belgian media.

But the acquisition excludes the local road distribution business within Belgium which represents less than 3% of total group turnover. This business includes the original ABX Logistics domestic parcels operation.

ABX Logistics, with turnover of €2.5 billion and a workforce of circa 10,000 people, has returned to profit following restructuring and downsizing over the past few years. 3i said it is backing the existing management team, led by Laurent Levaux, Chief Executive Officer.

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Post office® boosts Instant Saver rate to 5%

Posted by | Aug 3, 2006 | |

From 29th August 2006 the Post Office® is increasing the rate on its Instant Saver account from 4.75% to 5.0%*, in line with the new Bank of England base rate rise.

The rate will be available to new and existing Instant Saver customers.

Richard Norman, Head of Savings, said: “The Post Office® is committed to offering customers great value and we want to pass this new rate on to savers as soon as possible so they get the most out of their money.”

Post Office® Instant Saver is guaranteed to remain within 1.0% of the Bank of England base rate and the account offers six free withdrawals a year with a flat fee of just GBP 1 for future withdrawals.

Instant Saver is available at all of the UK’s 14,300 Post Office® branches, by telephone and online. Withdrawals can be made both at branches and ATMs, offering unrivalled choice and convenience.

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Royal Mail price changes

Posted by | Aug 3, 2006 | |

Households across Scotland are to be sent information about Royal Mail’s new pricing policy, which will come into effect later this month.

The leaflets explaining the scheme, which will take into account the size and thickness of mail as well as its weight, will be sent over the next fortnight.

Royal Mail is also spending GBP10million publicising the changes which will mean 85% of mail will be cheaper or will cost the same. The changes, which will come in on August 21, will also benefit business. For more information visit a post office branch, call 08456 113113 or log on to www.royalmail.com/size

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5,000 new bikes for the Royal Mail

Posted by | Aug 3, 2006 | |

The Royal Mail has saddled itself with a bill for pounds 3m by buying 5,000 new bikes for postmen and women.

The British-built Pashley Mailstar models will replace older bikes in the postal organisation’s 33,000-strong fleet.

The Communication Workers Union welcomed the move and claimed it had persuaded the company to end an “embargo” on replacing bikes.

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