Tag: Worldwide

Government to grant Royal Mail’s wish list

Posted by | Nov 13, 2005 | |

The Government is set to inject around pounds 2bn to help plug the Royal Mail’s gaping pension-fund deficit. Bosses at the state-owned postal service are understood to be confident that the Government has listened to their concerns about the pounds 4bn black hole in the final-salary pension scheme and that it will help out with the cash injection. In addition, although no final decision has been made, the Government is expected to back Royal Mail chairman Allan Leighton’s controversial plan to hand over 20 per cent of the business to its staff, and to green- light an investment programme of nearly pounds 2bn. The Royal Mail wants the money to improve sorting systems. It is also likely that Postcomm will soften its stance on price controls.

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Deutsche Bahn supervisory board approves planned Bax buy

Posted by | Nov 13, 2005 | |

Deutsche Bahn AG’s supervisory board yesterday approved plans to acquire US logistics firm Bax Global in a move designed to strengthen the company’s international freight operations, sources said. Bax, a unit of US security company Brink’s, could cost Deutsche Bahn up to 1 bln eur, the sources said. It has around 12,000 staff and deals mainly in air and sea freight. The move would help Deutsche Bahn strengthen its logistics arm Schenker.

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Will FedEx gun for No. 4 TNT?

Posted by | Nov 11, 2005 | |

As shares of the world’s fourth-largest package carrier fizzled Thursday, Wall Street matchmakers couldn’t resist thinking FedEx Corp. would be the perfect suitor. Dutch transportation company TNT NV lost more than 5 percent of its stockholder value Thursday, a day after a private German investor said he was putting together a group, including an unnamed strategic investor in the logistics field, to buy it. When nothing materialized, investors began jumping ship. Analysts say it’s very possible FedEx is the strategic investor, interested in buying the express delivery or logistics division, or both.
“It would give FedEx a strong presence within Europe and the ability to offer comprehensive logistics and supply chain solutions,” said Jon Langenfeld, analyst at Robert W. Baird & Co. While UPS has also been touted as a possible suitor, the move makes more sense for FedEx because UPS already has a strong presence in Europe and a logistics platform for nonpackage solutions. FedEx would not comment.

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Ex-top banker Nishikawa to head key firm for Japanese postal system privatization

Posted by | Nov 11, 2005 | |

The government said Friday it has picked former Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa as president of a holding firm to be established in October 2007 for the privatization of Japan’s postal system. The government expects Nishikawa, 67, who is known for his leading role in tackling the disposal of bad loans at banks, to show his expertise and leadership. But his selection may be a shock for workers at Japan Post, the public corporation in charge of postal services, as the banking industry Nishikawa once represented is a strong critic of the state-run postal system, calling for a reduction in postal savings services. At a news conference held to announce the appointment, Heizo Takenaka, minister of internal affairs and communications, said Nishikawa accepted the post in a meeting with Prime Minister Junichiro Koizumi on Friday.

Nishikawa, who also attended the press conference, expressed his resolve to push forward with the privatization, Koizumi’s pet policy.

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Global mail services seen as new frontier for RFID

Posted by | Nov 10, 2005 | |

Postal and courier mail services are expected to become the second largest market for radio frequency identification item-level tagging following the retail sector, according to a research firm.

The technology already is being deployed at carriers to secure access to vehicles, trailers, and sorting and shipping areas. “We see a strong move toward revamping total postal systems to make it much easier to send and receive the correct package more promptly with better cost and security control,” said Peter Harrop, chairman at research firm IDTechEx on Thursday. “That is why Arabia is rolling out smart post boxes, and Korea is looking to change its receiving and shipment to a holistic system with near real-time traceability.”

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