P&O Trans European, a unit of Peninsular & Oriental Steam Navigation aquired and undisclosed majority interest in Unispedition & Transport GmbH. Saarbruecken-based provider of logistics services.
Read MoreAlbateam, a consortium comprising TNT, Wallenius Lines and Autologic Holding, aquired and 80% interest in Compania de Flete y de Transport (CAT) logistics company from Renault SA. Terms were not disclosed.
Albateam also aquired the Compaignie dAffrement ed de Transport (CAT) from Renault
Read MoreWith deepening weakness in most major air cargo markets, early August was probably not the best of times for Cargolux to take delivery of its eleventh B747-40) freighter.
But then in thirty years of existence, the Luxembourg-based carrier has been nothing if not creative about coping with the vagaries of international air markets.
“One advantage of being a cargo airline is that we can be quicker and more flexible in reacting to market demand,” says Pierre Wesner, vice president Europe, Middle East and Africa, for Cargolux. At the moment, that means switching capacity from the Asia Pacific to the Middle East and CIS.
Royal Mail could lose its near-monopoly on the delivery and collection of letters in the UK before the end of the decade following a EU deal struck in Luxembourg last night.
The company, already facing limited competition in the recently liberalised British postal market, will be forced to accept a wave of new rivals in 2003 and 2006 respectively after ministers from all 15 EU member states agreed to a phased-in abolition of national postal monopolies with a view to creating a harmonised EU single market in the sector.
Deutsche Post AG has welcomed a postal market liberalization accord among European Union governments, saying its sales and earnings opportunities abroad would increase as a result. The 15-member E.U. agreed Monday to the further gradual opening of its EUR80 billion-a-year postal market. It didn’t fix a firm date for full liberalization.
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