Increased demand has led George at Asda, the clothing retailer, to open two new distribution centres, in Oldham and Essex, to be managed separately by Tibbett & Britten and DTS Logistics. The new warehouses will allow an extra 600,000 units per week to be moved. Tibbett & Britten will handle 50% of the retailer’s distribution, while George and DTS Logistics will each deal with 25%.
Read MoreFebruary 2002 Posten AB bought 10.1% in Sign On an IT forms producer and has entered a working agreement with Sign On
Read MoreDeutsche Post AG (G.DPW) faced Wednesday the threat of a legal dispute with a leading German industry group seeking repayments for letter costs. The German Association of Wholesale and Export Traders said it would demand repayments from Deutsche Post in a forthcoming complaint over monopoly letter prices to the state court of Berlin.
Read MoreDeutsche Post AG (G.DPW) confirmed Wednesday that it has launched a cost-cutting program, but the partially privatized mail group denied it is planning a reorganization. Earlier Wednesday, daily newspaper Die Welt said Deutsche Post had begun a cost-cutting program that could lead to a broad restructuring of the group, including the creation of a holding company.
Read MoreThe banks say they want close ties with La Poste (F.PST) but no longer see how they can incorporate it into Eulia, the two-way alliance they set up last year. As a result, France’s powerful national post office could end up looking elsewhere for the partner it needs to develop its banking business. ‘Eulia has been set up with two partners. Even with just two, it’s already difficult,” says Alexandre de Lestrange, an analyst who follows La Poste for ratings agency Standard & Poor’s. A lot of decisions have been taken, management has been appointed, teams have been put in place. It’s not going to be easy to start all over again three months on.
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