Profits at services run by An Post in competitive markets are subsidising growing losses in its monopoly businesses, the State company said yesterday. The disclosure of losses in An Post’s businesses reserved from competition revealed an anomaly at the company because the monopoly elements in any business are generally expected to generate strong profits
Read MoreThe An Post Group annual report reveals a loss before taxation of €6.7 million on its operations in 2001, compared to a profit in 2000 of €9.8 million. The operating loss is the first reported by the group since 1991. While group turnover went up by just over nine per cent to €625 million during the year when all three business divisions experienced a rise in revenues, these were outstripped by a 12 per cent increase – to €631.6 million – in total operating costs
Read MoreThe Geodis group has signed a major logistics agreement with IBM 5-year agreement includes the pre and postproduction logistics for the Dublin plant which manufactures IBM servers.
Read MoreIreland has no wholesale courier structure as exists in the UK, though there are probably a dozen quality independent retail operators, plus a number of mainly Dublin-based motorcycle couriers.
The market is too small for wholesalers at the airport.
It’s cheaper for the independents to wholesale in London or use DHL, ” says Joe Costigan, MD of the Connect Group.
Connect is the closest home-grown alternative to the integrators. Founded by Costigan in 1999, it serves mainly the advertising, medical and financial sectors.
Geodis has won a five-year contract to supply IBM with preand post-production logistics solutions for its Dublin plant.
Geodis is constructing a 30,000sq metre warehouse south of Dublin at Dun Laoghaire, due for completion by the end of the year.
Geodis is also in negotations with other Irish shippers over logistics contracts which will also be handled from the new facility, said a spokesman.
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