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UPS Sustainability Report Charts Gains Toward Centennial Goals

Posted by | Jul 31, 2006 | |

UPS today released its fourth annual Corporate Sustainability Report tracking the company’s progress on balancing a variety of economic, social and environmental objectives.

The report, based on 2005 data, shows UPS has continued to pursue its business sustainability goals by posting improvements in several important areas such as improved environmental practices throughout its operations, reduced on-the-job injury rates and increases in global employee volunteerism and charitable giving.

The full text of UPS’s Corporate Sustainability Report is available at www.sustainability.ups.com.

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Emirates Post engaged in Dh190m expansion plans

Posted by | Jul 31, 2006 | |

DUBAI — Emirates Post is engaged in the construction of new post office buildings and customised buildings worth more than Dh190 million for its expanding business activities in the UAE. The new post offices with modern design and facilities will help Emirates Post use technology more efficiently to adopt global best practices in postal operations, said a top official of Emirates Post.

Emirates Post has begun work on a Dh100 million postal operations hub next to the existing mail sorting centre at Ramoul, adjacent to the Dubai International Airport. The building, scheduled for completion in June 2007, will house a highly advanced mail sorting facility, direct marketing, postal training and courier operations. The tallest structure currently being developed by Emirates Post is the Al Wahda Post Office Project in Sharjah. The Dh22 million project, due for completion by June 2007, has 10 floors.

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India's postal network largest in the world

Posted by | Jul 31, 2006 | |

Minister
Ajmer: India’s postal network is the biggest in the world with one lakh fifty five thousand post offices, Union Minister of State for Communication and Information Technology Shakeel Ahmed said here today.

At the time of freedom only 23 thousand post offices were functioning, he told reporters after offering a ‘chadar’ at the shrine here of Sufi saint Khwaja Moinuddhin Chisti.

He said postmen would now also the verify voter list, new names in the voter list and address verification for mobile connections.

BJP leader and former union minister Shahnawaj Hussain, who also paid homage at the shrine, said an airport was essential in the city.

He said that during NDA rule, he had tried his “best” for getting an aerodrome sanctioned but the state government “did not sanction” free land for the purpose.

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Paying for post by shape and size 'will cause chaos'

Posted by | Jul 31, 2006 | |

The introduction of new postage rates for letters and parcels will cause increased queues at post offices and confusion for consumers, a consumer watchdog claims.

Postwatch said that Pricing in Proportion (Pip) which is being fully introduced next month, will lead to increased pressure on post office counters, where queues are already growing.

The new plan means that customers will be charged for the size and thickness of the letter they are posting, rather than simply its weight.

A campaign to inform customers begins today, with a paper template being posted to every address in Britain.

A Postwatch spokesman said that, in the short-term at least, queues at post offices were likely to become longer as people struggled with the new rules and worked out the price they would need to pay.

“Royal Mail needs to work hard to inform people what is going on,” he said. “We are keeping an eye on how queuing goes in the longer term.”

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Chaos looms over major postal service shake-up

Posted by | Jul 31, 2006 | |

The biggest shake-up in Britain’s postal service for more than 165 years has ‘the makings of a mega-disaster’, consumer groups will warn today.

In just three weeks’ time, new rules will affect the price of approximately one in five items sent in the post with a stamp.

For the first time, people sending anything through the post will have to think about the size and thickness, not just the weight.

This week the Royal Mail will begin the biggest-ever mailout with letters about the new ‘Pricing in Proportion’ going to the UK’s 27 million addresses.

Earlier this month, a GBP10 million TV and newspaper advertising campaign began trying to explain the changes to millions of people who know nothing about them.

There will now be three types of mail – a letter, a large letter and a packet.

A letter must weigh less than 100g; be less than 5mm thick; and the size must not exceed 240mm x 165mm. If so, it will still cost the price of a standard first or second class stamp.

A large letter must weigh less than 750g; be less than 25mm thick; and the size must not exceed 353mmx250mm. If so, it will cost from 44p up to GBP1.31 to send first-class.

Anything bigger is a packet and will cost from GBP1 if sent first-class.

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Presidents for Japan Post's Successor Firms Named

Posted by | Jul 31, 2006 | |

Japan Post Corp. President Yoshifumi Nishikawa on Monday announced the appointments of the officials who will become the presidents of the four companies to be created through the breakup of state-owned postal services provider Japan Post.

The four companies, to be created with the start of a 10-year postal privatization process in October 2007, are set to take over Japan Post’s mail delivery, post office network management, “Yucho” banking and “Kampo” insurance services, respectively. Japan Post Corp., the planning company to prepare for the breakup, is set to become the holding company for the four firms.

Nishikawa named the four chief operating officers for the four new companies. As presidents, they will execute business operations under the leadership of already appointed chief executives, who will serve as chairmen.

Hiroaki Dan, 58, now doubling as vice president of both Japan Post Corp. and Japan Post, is named COO of the mail delivery firm.

Motoyuki Terasaka, 59, president of Sumi-Sei General Insurance Co., is named COO of the firm managing the post office network.

The post of COO for the Yucho bank will go to former Financial Services Agency Commissioner Shokichi Takagi, 58, now vice president of Japan Post Corp.

Former Bank of Japan official Izumi Yamashita, 58, currently Japan Post executive, will become COO of the Kampo insurance firm.

Nishikawa also said preparatory firms for the Yucho bank and Kampo insurance firm will be set up as early as August this year.

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Japan Post plans service expansion after privatization

Posted by | Jul 31, 2006 | |

Japan Post Corp. submitted to the government on Monday [31 July] outlines of its 10-year postal privatization road map that includes plans to have its postal savings bank provide loans to individuals and its postal life insurance firm offer health and casualty insurance policies.

The postal savings bank will have 232 outlets while the postal insurance company will operate 81 outlets, and both will offer their services also at the postal group’s network of 24,000 post offices across the nation, the outlines show.

Japan Post plans service expansion after privatization

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Stamps.com Sending Positive Messages

Posted by | Jul 31, 2006 | |

The U.S. postal business seems to be passe — but not for Stamps.com (Nasdaq: STMP). In fact, with its software tools for consumers and businesses, Stamps.com has put together a fast-growing enterprise.

In the second quarter, Stamps.com posted a 42% increase in revenues, to $20.2 million. Net income nearly doubled to $4.2 million, or $0.17 per share. This includes a $696,000 charge for expensing stock options. Free cash flow was about $4.3 million in the second quarter, and the company has about $117 million in the bank.

Stamps.com’s core business is its PC Postage software, which lets users print up electronic stamps and offers delivery confirmation, signature confirmation, collect-on-delivery, and so on. A majority of customers pay a monthly convenience fee of $15.99.

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