Tag: Worldwide

TNT sells freight management to GEODIS

Posted by | Nov 16, 2006 | |

TNT N.V. today announced that it has signed a Sale and Purchase Agreement (SPA) to sell its freight management business unit to French logistics service provider GEODIS SA. The transaction has an enterprise value of euro 460 million, cash and debt free. TNT estimates cash proceeds of above euro 400 million. The transaction will bring TNT a book gain of well over euro 150 million and is expected to close in the first quarter of 2007 subject to regulatory clearances. Final amounts will be calculated on the basis of completion accounts.
Peter Bakker, CEO of TNT stated: “We bought the business in 2004 primarily based on a rationale related to Logistics. As part of our Focus on Networks strategy we studied the relationship to our express and mail delivery networks and decided that selling the freight management business is the best way forward and will allow TNT to focus on the many growth opportunities that our network businesses offer. I congratulate GEODIS with the acquisition of this excellent business and wish the management and employees continued success.”
Pierre Blayau, Chairman & CEO of the GEODIS group stated: “We are very excited by the acquisition of TNT Freight Management, which is a valuable company and a perfect fit with GEODIS business model. I am pleased to confirm that Jeff Hoogesteger will remain CEO of TNT Freight Management from Headquarters maintained in the Netherlands”.

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United Nations Advisors Group aims to expand access to financial services for the poor and micro entrepreneurs

Posted by | Nov 16, 2006 | |

Leading financial experts from around the world gathered in Halifax, Nova Scotia on Thursday to discuss strategies for improving access of the world’s poor to loans, savings, insurance, remittances and other financial services. Currently two to three billion people are excluded from financial services worldwide, services that could have a dramatic effect on improving livelihoods and ending poverty.

It was the second official meeting of the United Nations Advisors Group on Inclusive Financial Sectors, which consists of 25 representatives from governments and policy makers, regulatory authorities, central banks, commercial banks, microfinance institutions, development organizations, donor agencies, academia and civil society. The Group is engaging the active participation from this broad range of participants.

The Advisors Group, which has a two-year mandate, provides advice and guidance to the UN and aims to help remove the barriers that prevent the poor from accessing a broad range of financial services on a sustainable basis. Its objectives are to address specific constraints that are limiting access to financial services, to explore and expand opportunities to broaden and deepen the financial services sector in countries worldwide and to firmly establish access to financial services as an integral part of the global development agenda.

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DP World confirms GBP 1.5bn investment in London Gateway Project

Posted by | Nov 16, 2006 | |

Dubai World chairman Sultan Ahmed Bin Sulayem has confirmed that DP World plans to invest GBP 1.5 billion in the London Gateway Project.

The London Gateway project will include a world-class port capable of handling the largest deep-sea container ships, as well as the UK’s largest multi-modal business and logistics park.
The London Gateway developments will contribute significantly to the UK government’s wider Thames Gateway regeneration program.

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Premium forwarding service has record first year

Posted by | Nov 14, 2006 | |

More than 105,000 customers have taken advantage of the U.S. Postal Service’s Premium Forwarding Service (PFS), that allows mail to be forwarded from a permanent to a temporary address for up to one year.

Available to all customers for a little more than a year, PFS exceeded its initial goal of 100,000 customers, and has found favor with “snow birds,” those who seek warmer climates during the winter, according to tracking data. The service is so popular, the data shows, that the number of new subscribers more than doubled in September (6,866) from the previous year (2,787).

PFS is a personalized service for sending all mail from a primary residential address to a temporary address using Priority Mail packages. Express Mail, First-Class Mail or Priority Mail packages too large to fit inside the Premium Forwarding Service package are rerouted separately at no additional charge. PFS is available only for domestic mail.

The service is designed for residential customers who want to receive all of their mail at a temporary address, including a Post Office Box, regardless of the distance. The average duration of the service is about six weeks.

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Packaging For The Environmentally Motivated Consumer

Posted by | Nov 14, 2006 | |

PaperNuts.com is pleased to announce the launch of its broad line of environmentally friendly packaging products featuring PaperNuts. PaperNuts products are perfect for use by shippers and packagers who are looking to reduce environmental pollution and take an earth friendly stance.

The new and novel PaperNuts® based on proven European technology are welcomed by the vast majority of people who open packages, who are frustrated by the annoyance and inconveniences of static cling and waste associated with polystyrene shipping nuts also known as packing peanuts . Many package shippers are equally frustrated by the contamination of their work and receiving areas caused by plastic loose fill and the dust it generates. commented Jonathan Gropper who is part of the team introducing PaperNuts.com to the US and Canadian markets. Mr. Gropper further added: The mission of PaperNuts.com is to produce effective, useful packaging products for use by shippers and consumers in order to reduce environmental pollution without sacrificing safe product shipment and storage. Other products available at PaperNuts.com include: Recycled Kraft Paper, and Gray Bogus paper.

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