Tag: Europe

Post office closures reach record levels

Posted by | May 9, 2001 | |

THE Government yesterday faced fresh embarrassment over its pledge to save the post office network, as new figures showed that closures are running at record rates. New figures produced by the Department of Trade and Industry yesterday showed that a net total of 547 post offices closed in the year to the end of March – the highest figure for more than 20 years. The number of closures is well above the 381 recorded in the previous year, which was itself a major increase on the previous average of around 200 closures a year.

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TPG acquires CD: a leading Mail distributor in the UK

Posted by | May 9, 2001 | |

TPG (TNT Post Group have acquired 90% of CD Marketing Services Group Ltd, TPG’s first purchase in UK mail market. CD do unaddressed mailing to 80% of the UK and also lists.It is the holding company for Circular Distributors Ltd. and Lifecycle Marketing Ltd. The group’s turnover in their last financial year was EUR 50 million

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Kuehne & Nagel gains in 1Q

Posted by | May 8, 2001 | |

Kuehne & Nagel International AG, the Swiss-based forwarding and logistics company, showed improved first-quarter earnings and revenue, despite the economic slowdown in North America. The company said its gross profit increased 10.2% in the first three months of the year to 373 million Swiss francs (about $220 million). Revenue jumped 12.2% in the period to about $1.2 billion.

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