New Zealand Post will be laying off some head office staff. Communications Manager Richard MacLean says the redundancy is a result of a restructure of the company’s corporate section. He has declined to say how many staff will lose their jobs.
Read MoreThe US Postal Service has unveiled proposed new pricing incentives that would effectively reshape the future of mail and provide benefits to both business customers and the Postal Service. The current pricing structure for postal products relies primarily on a weight based system. The new plan – sent to the Postal Rate Commission (PRC) as part of a 2007 price adjustment proposal package – combines weight with shape to allow the Postal Service to better align prices with processing costs to ensure every type of mail covers its costs. Price changes would not occur before May, 2007.
Read MoreThe Postal Service said today it wants to raise the price of a first-class stamp by 3 cents – to 42 cents – and proposed a “forever” stamp that people could use as hedge against future rate increases. The changes would take effect in the spring of 2007 if approved by the independent Postal Rate Commission. “A forever stamp would help ease the transition to any future price adjustments,” board Chairman James C. Miller III said. Postmaster General John E. Potter said the agency would not be making a rate change if it were not necessary. “The Postal Service is not immune to the cost pressures affecting every household and business in America,” he said.
Read MoreBear Stearns initial analysis on Q1 06 results
Read MoreAustrian Post has entered the Slovak postal market with the acquisition of the direct marketing company Kolos. This is its second market entry in Central Europe following the takeover of Feibra in Hungary last autumn.
Read MoreTNT NV expects to complete the sale of its Logistics business in the second half of 2006, CEO Peter Bakker said on May 3, 2006. After the sale TNT will announce what it intends to do with the divestment proceeds. There are different opportunities – an additional share buyback, a distribution of a one-off dividend and/or investments in a further growth – the CEO added. Bakker declined to comment a statement of UPS, the world largest package delivery company and a leading global provider of specialised transportation and logistics services, that it was ready for an extremely large acquisition.
Read MoreAllan Leighton, Royal Mail’s chairman, has raised the stakes in the controversy over employee share ownership by asking for support from the 180,000 workforce.
Mr Leighton is this week writing to all Royal Mail’s staff about the scheme, which has angered the main postal union and caused widespread concern among Labour politicians. He has asked for their backing in a move that he hopes will kill off arguments against the scheme, which many see as the first step towards privatisation. Mr Leighton’s appeal comes as the Communication Workers Union is preparing to ballot its members over whether they want Royal Mail to remain in public ownership.
TNT reports 14.2% operating income growth with operating income up 30.5% in the Express business egment and in Mail over 4% revenue growth with an operating margin of almost 22%. CEO Peter Bakker said “We are pleased with the developments in Q1 of 2006. In all key areas of our Focus strategy, good progress has been made. Our businesses performed well, tax issues were further mitigated and the Logistics divestment is in progress. Our performance clearly supports the strategic direction that we started with our Focus strategy.”
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