Nightfreight says that its QuorumValue product, launched in July last year, has done more than (pounds sterling)1m-worth of business from 858 customers in less than six months.
The service is aimed at a mix of consignment types that might otherwise be split among customers. A typical mix might include satchels, standard parcels and packages, IDW (irregular dimension and weight) consignments and pallets.
Read MoreSummary of presentation to MUA members re Postcomm price proposals – by John Park of Intellect
P:LibraryPostalPostComm Formal DocumentsPostcomm presentation to MUA on price proposals.pdf
The trade union of Austrian state-owned postal company Oesterreichische Post AG decided on January 16, 2006 to oppose the initial public offering (IPO) of the post office up to the decision of state-holding and privatisation agency OeIAG on the sale, which is expected not sooner than in mid-March 2006. Trade union head Gerhard Fritz and his deputy Manfred Wiedner gave no detail on the plans for future action, except for a protest march, which will take place on January 19, 2006. Fritz did not exclude the possibility of a strike.
Read MoreDeutsche Post AG will announce the sale of its 18 hotel properties to an unnamed Munich investor this week, the Sueddeutsche Zeitung reported, without saying where it obtained the information. The newspaper did not say how much the company will receive for the properties, which were originally built to house employees travelling on business. It noted, however, that Deutsche Post has received at least 200 mln eur in recent years from the sale of such non-core assets.
Read MoreGerman private equity investor Cornelius Geber said on Monday a consortium planning a bid for Dutch mail and logistics company TNT NV was almost ready, sending the target company’s shares higher. Geber first signaled interest in TNT in November. British newspaper The Business reported on Sunday that he would prefer a friendly takeover, but was prepared to go hostile if the Dutch government, which owns 10 percent of TNT, opposed a deal. Geber, who has ties to US private equity group Blackstone, told Reuters the consortium was nearly ready, but declined to comment on whether a bid would be hostile or friendly. TNT has a market value of about 12 billion euros (USD14.5 billion). “We’re working on the topic,” he said. “The consortium stands almost complete.”
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