Deutsche Post exits Bank stake
Deutsche Post has sold its entire stake in Deutsche Bank, the group said on 6 July, report Reuters.
View ArticleDe Post – La Poste to move forward with Zycus
Belgium’s De Post - La Poste Belgium’s has selected Zycus for their Spend Management initiatives.
View ArticleUPS 2Q results affected by recession
UPS said its second quarter results for 2009 were “adversely affected by continuing weakness in global economic activity”, after announcing operating profit of $895m on a 16.7% revenue decline.
View ArticleDeutsche Post DHL Q2 earnings stabilise
“We are demonstrating strength in crisis.” That was the message from Deutsche Post DHL’s Frank Appel as the CEO gave his verdict on the company’s second quarter results for 2009.
View Article€12m loss at DHL Ireland
DHL Ireland lost €12m for the year ending December 2008, The Irish Independent has reported.
View ArticleTNT’s profits fall
TNT's quarterly core profit fell 45%, its fourth consecutive year-on-year decline, and the Dutch mail company boosted its cost savings target to cope with weaker demand for delivery services, report...
View ArticleAramex Q2 net profit rises 30%
Middle-Eastern based Aramex announced net profits of AED 50m for the quarter ending June 30 2009, compared to AED 38.4m for the corresponding period in 2008, representing an increase of 30%.
View ArticleAustria Post report 2Q decline
Oesterreichische Post reported a 14% decline in second quarter operating profit, in line with market expectations, and said the worst was not over for it yet, report Reuters.
View ArticleEconomy squeezes Swiss Post’s half-year profit
In the first half of 2009, Swiss Post generated Group profit of CHF 358m – 16% lower than a year ago.
View ArticleUSPS offer employee resignation incentive
USPS is offering thousands of employees cash incentives to retire or resign by the end of this fiscal year.
View ArticleKorean Post Office to help pay back Asian financial crisis loans
The government has decided today to ask the Post Office to pay insurance premiums to the Korea Deposit Insurance Corp. (KDIC), to help finance the repayment of public funds poured into ailing financial...
View ArticleRussian Postal Service needs 3bn-dollar upgrade over three years
Russia’s Federal Postal Service requires upgrades worth 1bn dollars annually within the next three years, First Deputy Communications and IT Minister Aleksandr Kiselev told a press conference on...
View ArticleRoyal Mail delays decision on size-based pricing
Royal Mail has confirmed this week that it will not be putting forward its business case on size-based pricing (SBP) to the Consignia Board until the end of the year, several months later than...
View ArticlePost Office to share burden of public fund losses
The nation’s Post Office will be required to share the burden of public fund losses with banks and other financial institutions over the next 25 years. Announcing a draft bill on the payment of...
View ArticleDHL Airways responds to unfounded claims by competitors
DHL Airways, Inc. today filed its response with the Department of Transportation to the unfounded claims made by UPS and Federal Express concerning DHL Airways’s U.S. citizenship status. “DHL Airways...
View ArticleFedEx unit wins up to 327.6 mln USD contract from US Air Force
Fedex Corp unit Federal Express Charter Programs Teaming Arrangement is being awarded a 327.6 mln usd indefinite delivery and indefinite quantity contract to provide for international airlift services,...
View ArticlePostal Service better off than expected after $1.2 billion loss this year
Thanks to an aggressive campaign of cost-cutting, including a major cut in staff, the Postal Service is finishing the fiscal year in better financial condition than anticipated. Postmaster General John...
View ArticleUK Standard Industrial Classification of Economic Activities 2003
UK Standard Industrial Classification of Economic Activities 2003 SIC Codes P:LibraryUK_SIC_Vol1(2003).pdf P:LibraryUK_SIC_Vol2(2003).pdf
View ArticleTNT, DHL in Top 50 of Netherlands Favourite Employers 2006
Dutch mail and express deliveries group TNT NV and competitor DHL are among the top 50 of the Netherlands’ most favourite employers for 2006, according to a research of local consultancy firm De...
View ArticleUPS completes global launch of billing analysis tool
UPS has completed the launch of the UPS Billing Analysis Tool, an industry-leading global expense management technology for customers that converts transactional billing data into a powerful solution...
View ArticleNew results show significant increase in direct mail volumes for the travel...
New figures today revealed that the travel sector has experienced a 7.8 per cent increase in direct mail volumes. During the second quarter this year, volumes rose to 52.04 million, up from 48.28...
View ArticleDeutsche Post sees profit falling
Deutsche Post said it expects underlying earnings to fall in 2009 as the global economic crisis further chipped away demand for mail and logistics services in the first quarter. Deutsche Post said it...
View ArticleUPS CEO stumps for free trade
UPS CEO Scott Davis told the US Chamber of Commerce in Washington, on 26 February that the US and its trading partners would be making a huge mistake if they responded to the recession by adopting...
View ArticleUPS launches $2bn notes in two-part sale
UPS has launched $2bn notes in a two-part sale, according to IFR, a Thomas Reuters service. UPS has launched $2bn notes in a two-part sale, according to IFR, a Thomas Reuters service. The offering...
View ArticlePoste Italiane reveal 2008 results
The Poste Italiane Group announced a positive operating performance for the seventh consecutive financial year, recording a net profit of €882.6m (up 4.6%) and operating profit of €1.5bn. The Poste...
View ArticleSolid performance down on previous year at Swiss Post
Swiss Post has turned in a solid set of results for 2008. Group profits of 825m Swiss francs were down 84m Swiss francs on the previous year (909m). Swiss Post has turned in a solid set of results for...
View ArticleBusiness Post Group reveal revenue growth
Business Post Group announced that group revenues for the financial year, ending 31 March 2009, increased by some 7% on the previous year. Business Post Group announced that group revenues for the...
View ArticleDeutsche Post says volume declines stabilise
Deutsche Post DHL said the market downturn in its industry may have hit its lowest point in the first quarter, in which the company posted a slightly positive operating profit. Deutsche Post DHL said...
View ArticleUSPS announce $1.9bn loss
Economic uncertainty continues to take a toll on the financial condition of the USPS, with 6 May’s announcement that it suffered a net loss of $1.9bn during its fiscal second quarter. Economic...
View ArticleRoyal Mail profits almost double
Royal Mail has seen its annual profits almost double, as all four parts of the business went into the black for the first time in 20 years. Royal Mail has seen its annual profits almost double, as all...
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Austrian Post reveal Q1 loss
Austrian Post has seen their total revenue for Q1 of 2009 drop by 2.4% (€14.7m) from the same period last year, to €595.2m Austrian Post has seen their total revenue for Q1 of 2009 drop by 2.4%...
View Article“Good progress” at Business Post
Business Post has made “good progress … despite the challenging trading environment”, after publishing their financial results for the last year. Business Post has made “good progress … despite the...
View ArticleSwiss Post announce Q1 drop
In the first quarter of 2009, Swiss Post generated Group profit of CHF 198m despite the difficult economic climate. In the first quarter of 2009, Swiss Post generated Group profit of CHF 198m despite...
View ArticleUSPS decline worsens due to delivery flaws
According to the unaudited numbers released by the USPS, the agency faces a net loss of $2.67bn year-to-date, reports DM News. According to the unaudited numbers released by the USPS, the agency faces...
View ArticleFedEx taking $1.2bn in charges
FedEx will take some $1.2bn in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses. FedEx will take some $1.2bn in...
View ArticleFedEx post fourth quarter results
FedEx Corp has reported a loss of $2.82 per diluted share for the fourth quarter ended May 31, including $3.46 per diluted share of previously disclosed charges. FedEx Corp has reported a loss of $2.82...
View ArticleCorreos results show decline
Spanish postal operator, Correos, has revealed gross profits of €107.1m for 2008 – 28.4% down on the previous year. Spanish postal operator, Correos, has revealed gross profits of €107.1m for 2008 –...
View ArticleGLS release latest results
General Logistics Systems released its 2008/9 results and despite tough economic conditions in the second half of the year the group continued to grow and invest in its European network. General...
View ArticleFuel surcharges help FedEx, rivals
NEW YORK (AFX) – Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the...
View ArticleUPS Board Sets Dividend
The Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and...
View ArticleExpeditors International Of Washington, Inc. EXPD's 8-K renders few surprises
EXPD released monthly 8-K. Yesterday EXPD released its 8-K in response to investor questions related to its 2Q:06 report on August 1st. There were no real surprises. Mgmt reported that strong air and...
View ArticleFedEx beating UPS in delivering stock growth
At first glance, United Parcel Service Inc. and FedEx Corp. seem alike. The two shipping giants compete for some of the same customers, and their operations are sensitive to trends in the world...
View ArticleTNT expects to earn Euro 1bn abroad
TNT Post expects a turnover of Euro 1bn from its European networks (eight countries outside the Netherlands) this year, according to the Financieele Dagblad. This is double the figure booked in 2005....
View ArticleEmirates Post reports 30% profit increase in 2008
Emirates Post Group announced a 30% increase in net profits for last year. According to preliminary results, in 2008 the group’s net profit rose to Dh247m. The company has said it will increase the...
View ArticleInterview with Allan Leighton
Having safely delivered Asda into the hands of Wal-Mart, he famously quit the top job at the superstore to 'go plural'. His non-exec backlist features lastminute and Leeds United, and his current CV...
View ArticleFedEx Corp. Announces Stock Repurchase Program
FedEx Corp. Announces Stock Repurchase Program From BUSINESS WIRE, September 24th, 2001 MEMPHIS, Tenn., Sep 24, 2001 (BUSINESS WIRE) — FedEx Corporation (NYSE: FDX) today announced that its Board of...
View ArticleLETTER: Royal Mail fiasco is all down to EU ruling
Sir – The destruction of the Royal Mail was referred to three times in the Western Daily Press on Tuesday. Your leading article rightly points to the disastrous affect on post offices when the...
View ArticleLeighton faces fine for posting late accounts
Allan Leighton, the chairman of the Royal Mail appointed by the UK Government who called the postal service a “chronic failure’, faces the embarrassment of being fined for his own slowness in...
View ArticleGPX expands shipping services in major cities
Greyhound PackageXpress (GPX), a division of Greyhound Lines, Inc., is expanding its shipping services with United Parcel Service’s Authorized Shipping Outlets (ASOs) to offer its customers more...
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