Majestic Wine Warehouses has launched a nationwide delivery service, called Gift Solutions, using Amtrak’s specialist wine service.
Majestic has only made deliveries in-house to addresses near its shops, which it will continue to do. Distribution will be from Majestic’s centre in Enfield to destinations across the UK.
Deutsche Post on Wednesday upped earnings guidance after closing its GBP3.8bn (USD4.5bn) deal with UK logistics group, Exel. The company now expects operating profit to reach EUR3.7bn compared to earlier guidance of EUR3.6bn. The company is set to benefit from reduced costs for health care as a result of new legislation relating to health insurance which will reduce its costs by about EUR70m a year.
“As a one-time effect in 2005 the reduction in our annual obligation to fund future shortfalls led to a reversal of health care provision with a positive earnings before interest and tax impact of of about EUR1bn.”
But Deutsche Post added that the impact would be offset by EUR0.7bn of new provisions for new “optimisation measures”, such as the creation of a new global corporate services division, creating a net benefit of about EUR0.3bn.
Read MoreDeutsche Post World Net today completed the acquisition of U.K. logistics company Exel plc, becoming the global No. 1 in air freight, ocean freight and contract logistics. Just one month after Exel’s shareholders welcomed the offer, the company’s equity capital was transferred in its entirety to Deutsche Post World Net. The combination of the two companies creates a group with some 500,000 people and about 55 billion euros in annual sales. “This acquisition marks a historic step for Deutsche Post World Net. By bringing together these two powerful, high-quality organizations, we are creating the largest logistics company in the world. Our Group will set the future pace in the forwarding and supply chain industries, enabling us to serve even better the global needs of our customers,” said Deutsche Post Chief Executive Officer Klaus Zumwinkel. “The transaction has been carried out in a very positive and constructive atmosphere. Within very short time, our two management teams have developed a deep understanding and mutual trust. Our top priority now is to combine DHL Logistics and Exel in a rapid and efficient manner.”
Read MoreC&D Express Transport in Sheffield started operating for Fortec; it’s the first Pallet Network, on Monday this week.
Read MoreRoyal Mail today announced the appointment of Stephen Agar, currently the Group’s Regulatory Affairs Director, as Director of its Wholesale arm, which deals with letters which are collected and sorted by Royal Mail’s competitors before being handed to Royal Mail for final mile delivery. Mr Agar will report to Ian Griffiths, the Managing Director of Royal Mail Letters, who joins the company early in 2006.
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