As expected, the German logistics provider increased turnover by 7%
to E16.8bn (Dollars 14.66bn). Earnings before interest and taxes
went up 5.5% to E1.4bn. However, net profits, fell slightly from E1.1bn to E1.05bn. ‘The
primary reason for this was the year-on-year increase in the tax
ratio, due to the consumption of tax loss carry-forwards,’ said
chief executive Klaus Zumwinkel.
Lynx Express has entered into a three year agreement to jointly pronlote and sell a United States Postal Service (USPS) product called Priority Mail in the UK and Europe.
The parties will collaborate on branding, sales and marketing initiatives, and packaging design, with the goal being to capture a substantial share of the west bound distribution market over the next three years.
Dutch logistics and mail group TPG has reported strong first-half results.
Read MoreFrankfurter Allgemeine Zeitung has reported that “Deutsche Post AG, the German post office, is to launch its own internet portal in October for the purchasing of transport services. Deutsche Post aims to be able to arrange regular contracts with outside companies, ad hoc services between depots and complete cargo transport entirely over the internet. The portal, to be called www.portivas.de, is intended to cover all of Deutsche Post’s European transport operations. Hauliers will be invited to give details of their entire capacity in order to help arrange suitable return shipments.”
Read MoreCourt stops IFCC from doing international mail from the Canaries
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