Tag: Sernam

French parcel service on block

The French state railway company, Société Nationale des Chemins de Fer Français, said Wednesday, Nov. 24, it was inviting bids from logistics operators for wholly owned parcel delivery service Sernam SA. The Paris-based train operator said its 44%-owned logistics company, Géodis SA, intended to bid, and that accordingly, Géodis executive chairman Pierre Blayau was being suspended from the SNCF board. The auction is the latest step in the consolidation of European logistics businesses. The seller would not say which investment bank is organizing the auction. SNCF was emphatic that it aimed to find an industrial buyer rather than a private equity firm to acquire Sernam.

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Transport logistics operators call on EU to stamp out unfair state subsidies

Associations representing privately-held transport and logistic operators said they called on the European Commission this morning to stamp out unfair subsidies to their publicly-owned counterparts and to put an end to the misuse of those subsidies. In particular, the associations are concerned about state subsidies to Deutsche Post AG’s unit DHL, Belgium’s SNCB’s ABX Logistics, La Poste’s GeoPost and SNCF’s road haulage unit Sernam. Two associations – Germany’s Wettbewerbsverein and France’s HALTE – said they asked the commission to beef up regulations and implementation and to take a proactive role towards state aid, putting an end to ‘unjustifiable competitive advantages’ enjoyed by the public companies. The commission is already examining two cases in this area.

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Sernam deal null and void

The French government has authorised SNCF to buy back, for a token €1, the 15% stake Geodis acquired in parcels firm Sernam 18 months ago.
The stake was the first stage in Geodis, whose main shareholder is also SNCF, taking majority control of Sernam from 2006 and ensuring its survival.

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Messagerie-express company information

Messagerie-express company information & figures (in French) for La Poste / ColiPoste / Chronopost International / Taxicolis / TAT Express / Geodis / DHL France / Mory Team / TNT Express / ABX Logistics / France Express / Graveleau / Gefco / Schenker / GLS / Extand / Sernam / UPS / Exapaq / Heppner / Hays DX / XP France / Alloin / CAT France /
L13957

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