Tag: UK

UK Postcomm modifies Speedmail International’s long term licence

Posted by | Jul 14, 2004 | |

Postcomm today modified the long term licence held by Speedmail International
Limited. The modification introduces a requirement for accounting separation into the licence. This is because Speedmail International Limited was purchased by Deutsche Post Global Mail (UK) Ltd in January 2004. Postcomm’s policy is that licensees which are owned by postal operators that are dominant in their domestic market should provide separate financial accounts for their licensed business. This will enable Postcomm to monitor possible unfair cross-subsidisation of competitive services from monopoly services to provide the relevant information to the appropriate authorities should the necessity arise.

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TPG buys out Turkish Logistics joint venture partner KOC

Posted by | Jul 14, 2004 | |

The mail, express and logistics company TPG N.V., through its subsidiary TNT Logistics Turkey, has signed an agreement to acquire full ownership of TNT Lojistik ve Dagitim Hizmetleri A.S by buying the remaining 50percent shares of the joint venture partner Koç Group. The joint venture is one of the leading logistics providers in Turkey and activities include warehousing, inbound logistics, container management and distribution.

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Strong start for Business Post arm UK Mail

Posted by | Jul 14, 2004 | |

Business Post, the express delivery company, said yesterday that trading had been “very satisfactory” so far this year, and that its new UK Mail division had got off to strong start.

Earlier this year the company struck a landmark deal with Royal Mail to use its delivery network, its first step into the UK letters business. Since May 10 Business Post has collected and sorted mail from its business customers and paid Royal Mail 13p a letter to deliver them to domestic addresses, its annual meeting was told yesterday.

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UK TNT’s award

Posted by | Jul 13, 2004 | |

TNT has been acclaimed as the best international express delivery company for the second consecutive year. The company, which has its UK headquarters in Atherstone, was named International Express Operator of the Year at the annual IFW Freighting Industry Awards. It also received the Business Improvement Award 2004.

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