Private Equity in The Picture August 14, 2008
Posted by jzaldua in express, logistics, mail, postal, transportation.Tags: express, FedEx, logistics, mail, postal, private equity, TNT, transportation, UPS
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This Private Equity News article names some of the PE players that could potentially pick up TNT’s Post division, should the trade buyer decide to acquire only the Express division.
CVC would be a credible contender, imho, because of their industry and regional expertise.
Edit: Didn’t realise that link needed a subscription. Two alternate links for similar content:
$15 Billion Offer for TNT in The Works? August 12, 2008
Posted by jzaldua in express, logistics, transportation.Tags: competition, express, logistics, TNT, transportation, UPS
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While I was riveted by Olympic boxing and the events in the Caucuses, the The Sunday Telegraph broke the news of UPS’ talks with TNT about acquiring the Dutch based express and postal company.
Both companies’ shares rose slightly on the news.
<TNT rose 59 cents, or 2.4 percent, to 25.36 euros in Amsterdam on Aug. 8. The shares have dropped 10 percent this year, valuing the company at 9.34 billion euros. UPS added $2.44, or 3.9 percent, to $65.70 in Nw York. Its stock has dropped 7.1 percent in 2008, valuing the carrier at $67.3 billion.>
Source: Bloomberg
I have to admit, my money was on FedEX, not solely because of all of the seekingAlpha postings I’d been reading.
La Poste to Consider Privatisation July 8, 2008
Posted by jzaldua in competition, liberalisation, mail, postal, privatisation.Tags: competition, deregulation, La Poste, mail, postal, privatisation
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According to this Reuters article, La Poste intends to privatise partially in order to raise money in preparation for deregulation of the French postal market.
The offering is aimed at raising between 20 and 30 billion Euros, which would value La Poste at at about 10 billion Euros, half that of its rival Deutsche Post.
Claude Guant, Sarkosy’s chief of staff, began the campaign to convince the french public of the necessity to privatise.
Deutsche Post to Give Back 1 Billion Euros to Shareholders July 3, 2008
Posted by jzaldua in express, logistics, transportation.Tags: Deutsche Post, DHL, express, logistics, transportation
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<The European Union’s second highest court Tuesday said Deutsche Post did not have to repay 572 million euros in state aid received by the German government, as ruled by the European Commission in 2002.
The EU Commission had ruled that Deutsche Post had used the money to subsidise its parcel operations instead of using it to provide the universal service it is obliged to offer to ensure mail is delivered to remote regions.
Adding interest, Deutsche Post can now claim back 1 billion euros.>
For the rest of the Forbes article, click here.
Appeal to Prince of Wales on “Royal” in Royal Mail June 30, 2008
Posted by jzaldua in mail, postal.Tags: mail, postal, royal mail
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<The Carmarthenshire-based Llanwrda Post Office Action Group has written to Prince Charles, claiming: “Royal Mail through its actions towards citizens is no longer deserving of holding the title Royal.”>
The community group is appealing to Prince Charles to strip the “Royal” from Royal Mail’s title because of its actions toward communities.
For the rest of the article, click here.
Appel Turns Down Alternatives June 30, 2008
Posted by jzaldua in express, logistics, transportation.Tags: Deutsche Post, DHL, express, logistics, transportation
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According to this Record Herald article, the CEO of Deutsche Post was willing to carry on further conversations on mitigating the impact but felt that there were no viable alternatives.
This phone meeting took place last week on Wednesday between Ohio’s Lieutenant Governor Lee Fisher and Frank Appel.
UPS Hits Lowest Point Since April 2003 June 26, 2008
Posted by jzaldua in express, logistics, transportation.Tags: express, FedEx, logisticis, transportation, UPS
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<UPS (nyse: UPS – news – people ), which blamed the continuation of high fuel prices and slumping domestic demand for the reduction, set a new 5-year low Tuesday. Rival FedEx Corp. (nyse: FDX – news – people ) recorded its lowest stock price in nearly two years Tuesday.
Both companies are considered prime indicators for the performance of the overall U.S. economy.
UPS fell 34 cents to $61.92 in afternoon trading, after hitting as low as $61.68 earlier. FedEx shares added 50 cents to $80.48.>
For the rest of the Forbes article, click here.
Deutsche Post Drops on UPS Profit Warning June 26, 2008
Posted by jzaldua in express, logistics, transportation.Tags: Deutsche Post, DHL, express, FedEx, logistics, tranporstation, UPS
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A Disk Containing Records of Nearly 1 Million Ambulance Calls Lost June 24, 2008
Posted by jzaldua in express, logistics, transportation.Tags: express, information security, logistics, TNT, transportation
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The Telegraph article excerpt below:
<The information was supposed to be couriered by TNT from Scotland to Manchester two weeks ago, but never arrived at its destination and a search has failed to find it since.
The disk contained records of 894,629 calls to the Paisley Emergency Medical Dispatch Centre (EMDC), near Glasgow, spanning from February 2006.>
Although the tape has not been found, the Scottish Ambulance Service states that the disk was encrypted and password protected.
Naturally, these precautions have reduced the potential scale of the impact, particularly when compared to last years loss of personal details of 25 million UK residents. I write potentially because most commercial password and encryption countermeasures are obstacles to sophisticated cracking efforts and can, given enough resources and time, be overcome.
