Tag: UK

UK Royal Mail 'still talking about rail'

Posted by | Oct 15, 2003 | |

Allan Leighton, chairman of Royal Mail, will today tell MPs that the postal organisation is talking to seven potential suppliers about continuing to transport mail on the railways.

The Royal Mail scandalised unions and environmental groups in June by concluding that air and road were cheaper options for delivering post, and that the network’s mail-train services will stop by the end of next March. This was despite the fact that it had signed a 10-year contract for its rail services, ending in 2006.

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Deutsche Post urges privatization to ease US expansion

Posted by | Oct 15, 2003 | |

Deutsche Post, the global mail, express and logistics group, has urged the German government to speed its privatization to ease regulatory problems facing its U.S. parcel delivery operations. The sale of further shares in Deutsche Post, which is still 62% government-owned after an initial public offering in 1999, “would help us qualitatively, particularly in the U.S., ” chief financial officer Edgar Ernst told the Financial Times of London.

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New look Target comes of age

Posted by | Oct 13, 2003 | |

Target Express saw a 4% improvement in top-line revenues in the year to September and, with margins running atmore than 10%, has increased profits by more than £1m. MD Paul Murray said: We need to keep above 10% and I will be focusing on growing existing accounts rather than chasing market growth.

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