KLM trebles operating income
KLM Royal Dutch Airlines reported operating income of EUR 277 million for the fiscal year ending on March 31, 2001, almost three times as much as the EUR 95 million it posted in previous year.
Read MoreTag: Europe
Will ABX sell off parcel post?
According to industry rumours, the Brussels based global company ABX Logistics International Group is thinking of selling its current parcel post activities to the Belgian Post of to General Parcel, which is two-third owned by the British Post.
Read MoreConsignia buys stake in Czech parcel company
May 2001 – Consignia purchased 25.1% of the General Parcel agent in the Czech Republic from its German owner. The consideration was reported to be £1m.
Read MoreEU COURT RULES TNT MUST PAY FEES IN ITALY
European Court of Justice, ruling in appeal by Poste Italiane against TNT Traco unit of TNT Post Group (Netherlands), finds a state postal service has the right to collect fees from an express-mail company delivering mail in the state service’s territory (S)
WALL STREET JOURNAL, 18th May 2001
Red Star closure hits 260 jobs
THE Red Star rail-based express parcel delivery firm is to close with the loss of 260 jobs.
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