The recession in Argentina has affected the post offices activities, which includes 80% of corporate postage and 20% of ‘occasional postage’. Last year this sector turned over Pesos $886mil through Correo Argentino and private post offices according to CNC. In relation to 1999, income dropped by 9.4%.
Read MoreCNC (Comision Nacional de Comunicaciones) is working on the changes of the
regulation for the postal sector after consultation with the Government and
private companies about the original text. Some aspects of the original text
have been modified. The recession in Argentina has affected the post offices
activities, which includes 80% of corporate postage and 20% of ‘occasional
postage’.
6 August 2001 Danzas has entered into a joint venture with Doal S.A. de C.V., its agent in Mexico. The combined company wil be known as Danzas AEI S.A. de C.V will have 300 employees
Read MoreDHL, owner of 47% of the Brazilian express services market and with a US$60mil turnover in 2000, is fearing the competition with the state owned company Correios do Brasil
Read MoreTNT Logistics has won a Euro34 million contract in Latin America. The company has signed an exclusive three-year contract with CNH Group (incorporating Case, Fiat Allis and New Holland) to design and manage an integrated logistics operation within Latin America. The Euro34 million contract covers the outsourcing of CNH’s entire Logistics activities to TNT, ranging from the import of spare parts and materials, to the warehousing and distribution of finished products and spare parts for the dealer network throughout Latin America.
CNH was established in 1999, through Fiat SpA’s Euro7.6 billion acquisition of Case Corporation, representing one of the biggest acquisitions ever made by Fiat. Last year, worldwide revenues of CNH exceeded Eurol 1.7 billion. The CNH Group is now the largest company of its kind in Brazil, incorporating Fiat Allis and Case brands for construction machinery, and New Holland and Case IH for agricultural machinery. CNH estimates
that 2001 growth in Brazil will be 10 to 15 per cent over the Euro8S2 million registered in 2000.
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