Tag: GLS

US investor ups stake in new German parcel shop chain

Posted by | Mar 1, 2006 | |

New German parcel shop chain Paketeria said its planned expansion throughout Germany has been boosted with a further financial investment by a US investment group. Paketeria, which cooperates with GLS and TNT, currently has several branches in the Berlin area but aims to expand to 1,000 franchise outlets across Germany by end-2007.

The US investment group Wilmington Scientific, funded by investor John Moore, has raised its financing of the company, Paketeria said in a statement. The size of the investment and of the US company’s stake in Paketeria was not disclosed. “We see a promising market for the future in the Paketeria franchise concept,” Moore was quoted as saying.

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Letter volumes fall but UK Royal Mail Group’s overall profit rises 20% with boost from European parcels business

Posted by | Nov 17, 2005 | |

Royal Mail Group today announced a 20.5% increase in operating profit to GBP159 million for the first half of 2005-06 but warned that profits in its letters business had fallen as growth in addressed mail volumes went into reverse.
Allan Leighton, Royal Mail Group’s Chairman, said the downturn in letters profits and volumes meant the biggest part of the Company was no longer contributing to the Group’s overall growth in profitability. The Group operating profit of GBP159 million in the six months to the end of September 2005 was a GBP27 million improvement on the same period a year earlier. But the increase was driven by better financial performance in General Logistics Systems (Royal Mail’s European parcels business), Post Office Limited and Parcelforce Worldwide. Operating profit in the letters business had fallen as addressed mail volumes declined for the first time in a quarter of a century.

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GLS to open 150 Parcel Shops in Belgium

Posted by | Nov 15, 2005 | |

General Logistics Systems (GLS) plans to open 150 ‘parcel shops’ in Belgium, the company said on November 15, 2005. The first parcel dispatch outlets will be open in Brussels, Ghent and Antwerp by the end of 2005. The company aims at having 100 parcel shops in Belgium by 2007. The outlets will be opened at the newspaper stores of local shopping centres. The company opened its first parcel shops in Germany in 1997. Currently it operates 2,500 outlets designed under the parcel shop concept.

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GLS invests 20 million euros in scan technology

Posted by | Nov 1, 2005 | |

From October 2005 onwards, General Logistics Systems B.V., Amsterdam (GLS), is introducing approximately 18,000 new mobile terminals with scan function and 5,000 scan stations throughout Europe. “In cooperation with IBM and Symbol Technologies we have developed a special technology that offers customers advantages for parcel and express shipments that are unique in the market”, says Rico Back, CEO of General Logistics Systems B.V., Amsterdam (GLS). The technology will be introduced gradually. GLS is investing approximately 20 million euros.

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Parcel giants bid for Royal Mail’s Euro arm

Posted by | Oct 30, 2005 | |

Royal Mail is under intense pressure from the Treasury to sell its successful European parcels business, GLS, as well as billions of pounds worth of property. Ministers and officials have told Allan Leighton, Royal Mail’s chairman, that the company must raise cash to help fill the pounds 4bn hole in its pension fund. “There is no way that we can simply write a cheque for billions to sort out the pension fund when the company is sitting on assets worth a fortune,” said a government member. Leighton has received approaches from the world’s largest logistics businesses, FedEx, UPS and TNT, all of which want to buy GLS. “We could sell it tomorrow,” said an executive close to Royal Mail. Leighton is determined to retain GLS. He believes Royal Mail’s future prosperity relies to an extent on its ownership of an unregulated, international business such as GLS.

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