A Belgian judge on Friday gave Sabena, the struggling national airline, an effective stay of execution, when she granted it protection from its creditors until 30 November, but expressed severe doubts about its ability to survive
Read MoreThings are about to change in Germany’s letter-delivery market. German private postal group Hermes Versand (part of Otto Versand) is planning to create a joint-venture this year with EP Europost AG. Europost is the German subsidiary of TPG Post Groep of Holland
Read MoreA strategic alliance has been formed between Bibby Distribution and air and sea freight specialies Wilson Logistics Group.
Read MoreTPG has established a joint venture with Hermes Versand to deliver mail in Germany. The company will be called EP Europost AG and Co KG. Hermes Versand is part of the german publishing Group Versand and will hold 29%. TPG will hold 71% of the shares.
Read MoreSCOTLAND could lose up to 1,600 jobs under a massive cost-cutting scheme announced yesterday by Consignia, owner of the Post Office, Royal Mail and Parcelforce.
Consignia intends to cut Pounds 1 billion off costs and cut its total UK workforce by 20,000.
Unions described the move as the most ruthless attack on costs in the Royal Mail’s 350 year history and said they would vigorously oppose them.
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