Post Danmark has decided to sell its shares (49 percent) in Morgendistribution Danmark to 365 Media Scandinavia, who will thus become the sole owner. Last year, Post Danmark committed itself to establishing Morgendistribution Danmark due to the opening of an entirely new market for household distribution of free newspapers, etc. early in the morning. Post Danmark has now concluded that its expectations for this market cannot be fulfilled. This is because, among other things, the … [Read more...] about Post Danmark sells distribution unit
Airports
Pilots strike over Europe Airpost sale
Pilots and ground staff at Europe Airpost were on strike last month following news that France's La Poste is to sell the mail, cargo and passenger airline. The strike caused delays to night post and, during the day, passenger transport. La Poste director general Jean-Paul Bailly confirmed the pending sale of Europe Airpost. He said that La Poste had decided to sell the company and move the transport of mail to TGV high-speed trains under a plan to set up a joint subsidiary with national … [Read more...] about Pilots strike over Europe Airpost sale
Indian postal department to use RFID
If all goes well, the Indian postal department (DoP) will be the first organisation to use radio frequency identification (RFID) technology for its express parcels and logistics posts, the Financial Express reported. To realise its ambition, the department proposes to make huge investments in the cutting-edge technology. The department has already put forward a proposal of Rs 12,000 crore to the planning commission during the 11th Five Year Plan. "The postal department with over … [Read more...] about Indian postal department to use RFID
More networking at AFA2007 Conference
The format of the Air Freight Asia Conference, which was previously structured on two full days of five sessions each, has undergone some changes to give delegates more time for networking. "Based on feedback, which we received after the event in Shanghai last year, we felt that the original format of the conference, which included cocktail receptions and buffet dinners in the evening, was no longer appropriate," said Air Freight Asia organiser Nol van Fenema. … [Read more...] about More networking at AFA2007 Conference
Airport CEO to deliver AFA 2007 keynote address
The keynote address at this year's Air Freight Asia Conference will be delivered by the recently-appointed Chief Executive Officer of the Hong Kong Airport Authority, Stanley Hui. "As chief executive of Dragonair Airlines for many years, Stanley has been at the forefront of promoting the air cargo industry in general and the role of Hong Kong as a crucial air cargo hub in North Asia in particular," said Air Freight Asia 2007 organiser, Nol van Fenema. "With his background and … [Read more...] about Airport CEO to deliver AFA 2007 keynote address
General Atlantic withdraws from EGL deal
General Atlantic has pulled out of a proposed equity purchase deal with EGL due to an expected shortfall in EGL's fourth quarter 2006 results. General Atlantic has withdrawn as an equity sponsor from the offer made to acquire all outstanding equity interests in EGL by James Crane, the company's largest shareholder, CEO & chairman of the board, and General Atlantic. EGL expects to release its Q4 results on February 28, 2007. Although the company has not completed the preparation of … [Read more...] about General Atlantic withdraws from EGL deal
