Jose Damian Santiago, the chairman of Spanish postal services provider Correos, and the general manager of leading German bank Deutsche Bank in Spain, Antonio Rodriguez-Pina, signed an agreement to launch a new brand in the Spanish market, Bancorreos. Bancorreos will offer banking products designed for clients of Correos.
Read MoreGermany’s Verdi trade union is demanding a pay hike of 4.5% for some 130,000 employes of the former state-owned postal company Deutsche Post AG, the union announced Friday. Verdi said it is aiming for a 12-month contract. Initial talks between the union and employers are scheduled for April 28. “The domestic economy has to gain momentum. If the employees are to spend more money, then they need a significant pay hike,” Verdi vice head Rolf Buettner said.
Read MoreDeutsche Post has founded a joint venture in Japan with Yamato, Japan’s largest private postal company. The new company, which will operate under the name Yamato Dialog & Media, will be involved only in direct marketing by post initially, as the Japanese state-owned postal operator still has a monopoly on the market for the delivery of letters.
Read MorePalletways now has 27 members a week feeding freight into the international service that it launched in January.
European development manager John McCormick says the number is growing all the time. The present single-deck trunk to Nijmegen is running at capacity and he predicted that not only a second but also a third trunk will be introduced by Easter.
Palletways is considering adding a double-decker, although it willl have to meet Dutch height limits.
Growth of the service is meeting what were challenging targets, he said. “Ten to 15” members already had their own international services and use Palletways only for top-up, if at all; the other 85 members – the vast majority – had never had an international product to sell, he says.
Read MoreUPS today announced the start of direct air service from Shanghai to Europe along with the addition of three new flights connecting Shanghai to the US and another new flight between Qingdao and Incheon, Korea. “UPS now flies to more points in China than any other US airline, freight or passenger,” said David Abney, president, International Operations. “These new flights are part of our strategy to expand our service options, stay ahead of customer needs and solidify our position as the leader in the world’s fastest growing market.”
UPS will utilize MD-11 aircraft to fly from Shanghai to Cologne five times a week. In addition to the new service to Europe, UPS has added three new frequencies on its Shanghai-US route, increasing to nine times per week the number of non-stop flights on that lane. The number of UPS flights into Qingdao, a major port and manufacturing center, now has increased to six per week.
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