Tag: Sweden

Swedish Post Office to sell its Bank

Posten (the Swedish Post Office) will sell its girobank to Nordbanken AB for approx. USD400m. This will give it a cash pile to invest elsewhere (it says it will be used to strengthen its finances).

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Scania says global slowdown will hit profits

Scania, the Swedish truckmaker, on Friday warned that profits would fall sharply this year amid declining European truck sales and economic turmoil in South America. The manufacturer, in which Volkswagen holds a 34 per cent stake, claimed it was the victim of “a global cyclical slowdown” and slowing investment by transport companies.

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Scandanavian Survivor – How Wilson Logisitics avoid a merger

he Wilson Logistics Group sells airfreight, seafreight and logistics services through a network of subsidiary companies in 29 countries. A total of 2,145 employees work in 130 offices. Net sales reached SEK 5.5 million ($550 million) in the year 2000, on which a profit of SEK 115 million ($11.5 million) was recorded.
The net sales breakdown per business area in percentage terms during the year 2000: airfreight 50%, seafreight 37%, logistics 9% and sea/air 4%. The net sales per region: Northern Europe including UK 37%, Central Europe and Middle East 19%, Asia 17%, North America 140%, Latin America 8%, and Australasia 5%
The customer base comprises 27, 000 clients of which the largest include multinational Scandinavian manufacturers such as Atlas Copco, Bang & Olufsen, Lego, SKF and Volvo. New customers last year included Electrolux and ITT Flygt.
Wilson offers transport solutions with different lead times: Express, Priority, Regular and Economy in the airfreight, as well as Full Container Load (FCL) and Pipeline in the seafreight. The service range within the Logistics area includes purchasing, supply chain management, distribution and outsourcing.
Notable IT-solutions within the eWilson programme are Wiltrack for customer monitoring of consignments, Wilshipper for customer booking via Internet, Wilnet which is Wilson’s Intranet, and Wildoc, a web-based system for clients lacking their own EDI links.

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