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TRANSPORTS' WORLDWIDE
* Denmark - TNT now considers sale of forwarding business
The Hague,Denmark -Transport Intelligence -1 August 2006: -- Dutch based mail, express and logistics group TNT has released 2nd Quarter results showing a company in reasonable shape. Overall revenue was up 5.8% and operating income grew by 10.7% at €342m, but TNT’s legacy problems with tax, interest payments and the cost of discontinued operations have depressed profits. After tax and exceptional items, profits are €1 million less than those of the last quarter, at €209m. TNT Group’s net debt has also increased as a result of a share buy-back last year...
* UK - Union urges strike over transfer to DHL Exel
London,UK -Transport Intelligence -1 August 2006: -- UNISON, the UK's largest health union, is to ballot staff at NHS Logistics for strike action over government plans to privatise the service. Staff at the five depots are angry at the proposed transfer of the entire organisation to DHL Exel Supply Chain... NHS Logistics is a not-for-profit organisation supplying hospitals, GP surgeries and patients with more than 43,000 items including essential surgical supplies and products...
* Denmark - Unions condemn TNT over Logistics sale process
The Hague,Denmark -Transport Intelligence -1 August 2006: -- Trade unions who met with TNT in The Hague have condemned the company for refusing to begin negotiations on the future of the 36,000 workers of its soon to be sold logistics division...
* UK - TDG results show falling UK revenues
UK -Transport Intelligence -1 August 2006: -- European logistics provider TDG has announced its results for the first half of the year 2006. Revenues in the UK fell although the outlook for the full year is better...
* Germany - Politics to determine Schenker and Bax Global's future
Germany -Transport Intelligence -July 24, 2006: -- As Deutsche Bahn (DB, Schenker and BAX Global) strive to present a new joint identity, the future of the entire DB Corporation hangs in the balance, waiting for a political decision that may determine the conglomerate’s future...
* USA - UPS results prompt dramatic share price fall
USA -Transport Intelligence -July 24, 2006: -- The Stock Markets have reacted badly to UPS' latest quarterly results, with the share price dropping a record 15%... However although the results may not be as stellar as some others recently published, the business is still performing well...
posted by Unknown @ 1:11 PM
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