Consignia, the state-owned post office group, has been criticised for cutting jobs at a time when the market for home deliveries is set to boom, thanks to online shopping.
Read MoreDecember 2001 TPG has bought Bleckmann, the Dutch based Garment Logistics provider. This will complement TNTs existing retail logistics operations including hanging garment SCM.
Read MorePosten reduces its stake in Torget Posten today announced its decision to reduce its stake in shopping portal Svenska Torget AB. Emerging Technologies (ET), a minority owner in Torget since 2000, will acquire shares representing 45 percent of Torget from Posten. After the deal, ET will own 80 percent of the outstanding shares, Posten will retain a 15 percent stake, and minority interests will hold the remaining 5 percent. The operations agreement between Torget and Posten AB will not be affected by the changes. – The decision to sell a majority of its shares in Torget is an expression of Posten’s strategy to focus on core operations, said Agne Pettersson, Chairman of Torget AB and Vice President of Posten. Coincident with its increased ownership, ET will make appropriate staff adjustments that complement changes already made by Torget and that reflect current market conditions. The company’s goal is to avoid job cuts.
Read MorePriority Mail Service in the US (In Spanish)
Read MoreDeutsche Post is to amalgamate the national distribution activities of Danzas Belgium into a separate judicial structure called Speedpack. The new company unit will form part of Van Gend & Loos Euro Express.
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