Tag: Europe

Securicor opens new Dublin site

Securicor Distribution has opened and 18000 sq ft storage and office facility near Dublin Airport. It enables Securicor to develop its short and long term storage capability, pick and pack facilities, inventory management and delivery services.

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Fastrack Group aquires Jacobs Holdings – Ontime Logistics Business

“UK – Fastrack Group PLC (FG), parcel delivery company majority-owned by Goldpower Ltd, agreed to acquire the Ontime Logistics
Business of Jacobs Holdings PLC in exchange for 61,548,387 new FG shares, valued at 4.77 mil pounds ($6.96 mil). The shares
were valued based on FG’s closing stock price of 0.0775 pounds ($0.113) on Oct 3, the last full trading day prior to the
announcement.”

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New TNT depot

A new investment of £4.3 million at Edinburgh Airport by TNT Express Services represents the company’s single biggest investment in Scotland. The depot provides local businesses with a focal point for business mail and express parcel delivery services and serves companies throughout Edinburgh, Dundee, Perth and Fife.

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United States compensation package worries european carriers

European all-cargo carriers will keep a close watch on the Dollars 500m compensation fund available to their US counterparts in the wake of the terrorists attacks on New York and Washington.

Mixed with sympathy for their US colleagues is the privately expressed fear that Congressional funds will bolster a weakened US all-cargo industry while European airlines receive nothing from Brussels.

‘We are keeping a low profile at the moment,’ said one European air freight industry observer who asked not to be named. ‘This is a sensitive time and we don’t want to be labelled anti-American. It would not help matters.

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