Tag: Europe

Deutsche Post to redeem exchangeable bonds into Postbank shares before maturity

Posted by | Jun 30, 2006 | |

Deutsche Post AG said it is redeeming the three-year exchangeable bonds it issued in 2004, by allowing bondholders to exchange them for Deutsche Postbank AG shares one year before the issue matures in July 2007.

In a statement, the post office group said bondholders can exercise their right to exchange the bonds for Postbank shares from July 3-23 this year. Once all the bonds are exchanged for Postbank shares, the banking unit’s free float will increase to 49.9 pct from the present 33.3 pct, while Deutsche Post’s stake in the unit will be reduced to about 50.1 pct.

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A part of FedEx distribution in France managed by Geodis

Posted by | Jun 28, 2006 | |

FedEx chooses Geodis to perform pick up an delivery operations in France

As of January 1st, 2007, FedEx and Geodis will enter an operational agreement until 2010

FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX) and the world’s largest express transportation company, and Geodis, one of the leading companies of logistics services in Europe, signed an operational agreement for a 3 year period.

“Through this agreement Fedex acknowledges Geodis’s position as the leading domestic express network in France and a supplier with a high level of service quality, as a result of our Total Customer Satisfaction policy. We will draw on our industrial resources, exclusive Track & trace system and our commitment to permanent innovation to manage these operations”, said Denis Zimmer, Senior Vice-president French regions at Geodis.

As of January 1st, 2007 Geodis will perform through its domestic Express groupage network pick-ups and deliveries for FedEx customers in designated areas in France, not directly served by FedEx. FedEx customers will benefit from Geodis’ quality of service and extensive ground infrastructure in those areas of France.

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Geodis teams up with Paris City Council

Posted by | Jun 28, 2006 | |

Jean Depraeter, Executive Vice President with the Geodis Group and Advisor to the Chairman for the Groupage and Express businesses, signed a charter of best practices for the transportation and delivery of goods (in french) drafted by Paris City Council and transport companies at a ceremony attended by Bertrand Delanoé, the mayor of Paris.

The charter will become effective as of 1 January 2007 and comprises a number of commitments from the different parties involved.

On the one hand, the transport company signatories will undertake to:
– limit delivery times to a maximum of 30 minutes in order to minimise disruption to traffic and local residents;
– use delivery vans that comply with the latest European standards.

On the other, Paris City Council is to:
– establish three coordinated time slots for deliveries;
– adapt and improve dedicated delivery zones.

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ANC Logistics wins 3-year contract with Hagemeyer

Posted by | Jun 28, 2006 | |

ANC Logistics (ANCL) has won its biggest contract yet – worth GBP15 million over three years – covering the provision of in-night, next-day and same-day distribution services for Newey and Eyre, the main trading division of electrical distributor, Hagemeyer UK. ANC Logistics has also taken on more than 140 staff who were either employed by Hagemeyer or the previous distribution services provider.

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