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 ArticleUPS Contract Ratified, Employees Approve Six-Year Deal
As anticipated, UPS (NYSE:UPS) employees represented by the International Brotherhood of Teamsters have approved by a wide margin the new six-year contract negotiated in July. According to the union,...
View ArticleWatchdog raps Royal Mail
Royal Mail came under fire from the postal watchdog yesterday, after it emerged that almost two-thirds of its services were performing less well than at the end of last year – including first class...
View ArticlePostComm allows Deutsche Post to set own price levels
Deutsche Post will be allowed to set its own prices when it breaks into the UK business post market, posing an aggressive threat to Consignia’s fading monopoly. The regulator is set to grant a one-year...
View ArticleUPS, FedEx in air war with DHL
The nation's two largest package carriers are trying to keep the world's largest package carrier out of the country. United Parcel Service Inc. and FedEx Corp. filed separate petitions in August asking...
View ArticleDeutsche Post to buy the rest of DHL
In an effort to secure for itself a concrete place in the international parcel business, Deutsche Post is set to purchase the remaining shares of express air courier DHL International of Brussels....
View ArticleFedEx and UPS hold fire on surcharge
Transport giant Federal Express will wait until Oct 1 before introducing an additional charge to cover an overtime fee imposed by the Customs Department. However, its rivals DHL International...
View ArticleLatvijas Pasts Postal Co works at 1.8 mln Lats profit in first half of year
Latvijas Pasts postal company operated at 1.8 million lats (EUR 3.04 mln) profit in the first half of 2002, company chief executive said. Andrejs Droiskis said this year’s semi-annual profit is 0.2...
View ArticleSwiss Post subsidiary MailSource invests in the UK
MailSource, Swiss Post’s subsidiary for the management of internal company postal services, is building up its market position after a two-year start-up period in Switzerland, Liechtenstein and Italy:...
View ArticleExpress operators win postal dispute break
The State Council has suspended certification requirements for express operators working on the mainland, but carriers are viewing the move as temporary and subject to change. The council shelved a...
View ArticleExpress operators win postal dispute break in China
The State Council has suspended certification requirements for express operators working on the mainland, but carriers are viewing the move as temporary and subject to change. The council shelved a...
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