February 8 – Rasmala Buyout Fund a Dubai based company has bought Aramex for around $60m. The purchase ws made by tender offer for the Aramex shares which were traded on NASDAQ through Cayman Isles and Bermuda subsidiaries. Fadi Ghandoor the former main shareholder in Aramex has taken up 28% of the shares of the Cayman Island cpmany acquiring the shares.
Read MoreIncreases to the tariff card offered by Consignia at Heathrow have prompted some operators to withdraw from using the company. On certain destinations the rate has increased dramatically for Consignias Country Sort and Zone and Format Services.
Read MoreGerman Parcel, the German subsidiary of UK postal operator Consignia, and the national partner businesses in the General Parcel group will deliver parcels from the US to Europe with immediate effect following an agreement between Consignia and the United States Postal Service (USPS).
Read MoreThe U.S. Postal Service announced Wednesday it will use a subsidiary of the British post office to deliver Express Mail and air parcels throughout Europe.
The deal involves packages designated for delivery in either four or six days to 23 European countries, post office vice president James P. Wade said. The new deal is between the post office and General Logistic Systems, a subsidiary of Consignia, which is the new name adopted by the British post office.
Read MoreConsignia will today announce a key contract with the US Postal Service to handle all its airborne parcels from the US to Europe. The deal will mean that all US airborne packages will go through Consignia’s network of European parcel companies, starting at its hub in Amsterdam, rather than going to individual countries
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