Palletways UK has launched an Italian division with 30 dedicated member depots, operating from a 2,400 sq metre hub in Verona. The network will offer express palletised freight services including next day, economy and timed delivery options throughout the whole country. Palletways UK was formed in 1994 and currently has 80 regional transport companies as members.
Read MoreThe Italian government is to launch the second tranche of its property securitisation operation next week. The operation, which will run until the end of the summer, is designed to reducing gross expenditure by 4bn euros. The properties involved are residential buildings owned by seven prudential insurance companies, the Italian railway company FS and the Italian post office Poste. The properties of these last two are worth 334m euros and 324m euros respectively. The application forms will be sent to Italian banks on May 15.
Read MoreUk parcels and freight distributor, ANC has confirmed it is in talks with the Italian and Spanish post offices, over forming a two-way partnership for deliveries in another’s market.
Read MoreEuropa Worldwide Services has opened a £1.7m (€2.8m) hub in Brussels, enabling it to guarantee exporters to Belgium and the Netherlands next-day delivery.
A 7,000-pallet transit warehouse will be used principally by exporters and importers trading consumer goods in the Benelux countries, Italy, Spain and the UK.
Poste Italiane, the company which runs the Italian post office, closed 2001 with net losses of 74m euros, 318m euros less than in 2000.
The gross operating margin amounted to about 675m euros and Ebit is positive by 198m euros. In 2000 Ebit was in the red by 52m euros.
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