Tag: Europe

Experian in talks to sell transaction processing unit

Posted by | Sep 10, 2008 | |

Experian Group Ltd.said it’s in “advanced” talks about a sale of its transaction processing activities in France.
Discussions are taking place with Doc@Post, a unit of French postal service operator La Poste, and private-equity firm Advent International.
Experian said in January it would conduct a strategic review of the French division and its fit with other activities as part of efforts to cut its costs and streamline operations. The unit processes cheques and credit card payments for banks and financial institutions. Revenue from the division for the year ended March 31, 2007, was USD 308 million compared with USD 3.49 billion for the entire company.
Experian fell 12.75 pence, or 2.9 percent, to 430.25 pence in London, valuing the company at 4.41 billion pounds (USD 7.74 billion).
The company in May boosted its target for annual savings to USD 110 million, from the USD 80 million announced in January. The plan should deliver savings of USD 50 million in fiscal 2009, the company said.

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DHL Express Global CEO testifies before House Committee on the judiciary

Posted by | Sep 9, 2008 | |

DHL Express Global CEO John Mullen testified before the House Committee on the Judiciary regarding the company’s potential contract with UPS for domestic air lift and related services. The proposed agreement with UPS is part of DHL Express’ U.S. restructuring aimed at enabling the company to remain a viable competitor in the U.S. market.

During the Hearing, Mullen stated that the pending deal with UPS does not violate antitrust laws and does not decrease competition in any way. He added that the contract is a pro-competitive vendor-services agreement for air and related services only. “DHL would retain complete control over every customer-facing aspect of the business and remain an independent and viable competitor in the U.S. air express delivery sector retaining full control over our ground operations, as we do today,” Mullen stated.

The potential execution of this pending agreement will affect DHL employees, as well as those of DHL’s current air service vendors, ABX Air and ASTAR Air Cargo at the Wilmington Air Park. DHL is sensitive to this situation and therefore has agreed to provide a generous USD 260 million severance, retention and other benefits, USD 225 million of this voluntarily, to impacted DHL, ABX and ASTAR employees.

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trans-o-flex to re-brand as trans-o-flex Logistics Group

Posted by | Sep 9, 2008 | |

trans-o-flex has unveiled its new group brand name as trans-o-flex Logistics Group to deliver on its strategy of international expansion in Europe.

The re-branding of trans-o-flex will be carried out step by step. The new logo and company name of trans-o-flex Logistics Group will be introduced to Germany as well as to the foreign subsidiaries like Belgium and the Netherlands. German-language logos such as “Schnell-Lieferdienst,” “Logistik-Service,” “Transport-Logistik” or “Linienverkehr” will no longer be used.

The express company will change all slogans and service descriptions into the English language in order to represent its internationality. The branding will be changed on letterheads, business cards, buildings, vehicles and driver uniforms as new supplies or modernisation become due.

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DPD expanding in Estonia

Posted by | Sep 9, 2008 | |

DPD is expanding capacity for its fast-growing business in the Baltic region with a new parcel sorting depot in Tartu, southern Estonia.

The new 1,500 sqm facility is four times bigger than the company’s previous depot and has increased its capacities to handle more than 3,000 parcels per hour. The new sorting terminal has 31 gates for couriers’ vehicles to handle loading and unloading of parcels.
According to DPD, the need for the new southern Estonian depot has come from the company’s fast growth. In the Baltic’s biggest and well-developed depot and delivery network DPD has more than 600 couriers and 30 depots. Investing in the expansion of parcel sorting depots supports the company’s strategy of aiming at the market leadership for next day deliveries and additional services in the Baltic region.

In 2007, DPD increased its import volume to the Baltic countries of Estonia, Latvia and Lithuania by 40 pct to around ten million parcels. In domestic shipping within the Baltic states, the three country organisations DPD Eesti, DPD Latvija and DPD Lietuva have a market share of as much as 46 pct.

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French Postal Workers Issue Strike Call for September 23

Posted by | Sep 9, 2008 | |

The six trade union federations are organizing a joint day of action against the planned privatization of the postal service.

Last week, Jean-Paul Bailly, the president of the public sector company, confirmed his plan to convert the postal service into a private corporation on January 1, 2010, with the sale of shares a year later. “This official announcement has confirmed the government’s intention to privatize the postal service and to ride roughshod over all opposition,” the joint declaration of the six union federations says.

For the unions, “this year’s” mobilization of postal workers, customers and local elected officials has demonstrated attachment to the public postal service and to guarantees for postal personnel. The union federations “are reiterating their demand for a public debate.” They intend to circulate a petition among customers to back up the postal strike, and to address themselves “to all the elected officials and political parties” in view of obtaining their backing. The union federations have opted for decentralized demonstrations on September 23 so as to bring out as many protesters as possible.

Jean-Paul Bailly rejected the expression “privatization” during his announcement, arguing that the law guarantees the postal service’s public service mission, and that the government will maintain a stake of over 50 percent.

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