Sea freight squeezes Panalpina’s profit
Sea freight squeezes Panalpina’s profit
Read MoreTag: Switzerland
Lufthansa and Swiss quiet on takeover reports
A Zurich press report attributed to an unnamed “well-informed source” that LH is on the verge of presenting a formal takeover proposal for financially instable Swiss.
Sunday newspaper NZZ am Sonntag claimed the Lufthansa offer depended on the Swiss company managing to secure Sfr500m ($352m from its shareholders. The biggest owners of Swiss are the Swiss federal government (20.4%), UBS (10.4%), Canton Zurich (10.2%) and Credit Suisse Group (10%).
Read MoreDHL data center to relocate to Prague
DHL will move its entire U.K.-based data center and other operations from London and Basel, Switzerland, to Prague where its new IT operations headquarters for all of Europe will be built by May 2004.
A source familiar with the negotiations said the new center would be located in Prague 4, in the new development of real estate investor and developer AIG/Lincoln. The project is called The Park and its total area will be 195,000 sqm.
Among the reported tenants are also IBM, BP and GE Capital Bank. DHL made the decision after an extensive review of its options for delivering high-quality, cost-effective IT operations and other services to their business, company representatives said.
Read MoreSwiss Post and ABC Mail agree to Spanish franchises
Swiss Post has entered into a cooperation agreement with ABC Mail to establish a chain of franchises in Spain with the intention of forming a springboard into the Latin American market.
Read MoreSwiss Post International takes over EDS Export & Distribution Services AG
Swiss Post International (SPI), the international arm of Swiss Post, is buying EDS Export & Distribution Services AG. The Meilen-based company is a market leader in the distribution of newspapers and magazines from Switzerland to kiosks and sales outlets abroad. It will complement SPI which is the market leader in the international delivery of subscription newspapers. With the purchase of EDS, SPI will be able to offer its customers a complete international transport and distribution service for press products.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.