The Brazilian postal service company Correios (Empresa Brasileira de Correios e Telegrafos) is launching two express delivery services in Rio de Janeiro, Sedex Hoje (local deliveries in the same day) and Sedex Mundi (deliveries to 215 countries), investing RD30mil resources in equipment. Those two new services are included in the Sedex line, with Sedex, e-Sedex and Sedex 10.
Read MoreABX Air announced today that it has been awarded a contract by the US Postal Service to manage an air network to transport mail during the busy holiday season. The network will include ABX Air aircraft as well as those of other operators. ABX Air will also provide logistics services and hub operations in support of the network. The contract calls for ABX Air to be compensated at a fixed price on a per-day basis and is expected to generate gross revenues of approximately USD5.1 million.
Read MoreAn Post has extended the deadline for expressions of interest in a severance or retirement package being offered to staff at its SDS parcels division, which it is planning to close. Last night, the company confirmed that 216 SDS staff had already expressed an interest in taking an offer of severance or early retirement. The company wants to transfer 180 SDS workers into the An Post business and shed the remaining 270 jobs at the parcels division. The parcels division will then be reintegrated into the parent company in January.
Read MoreThe German government is to sell to institutional investors a stake in mail carrier Deutsche Post that is worth up to 1 billion euros (1.32 billion dollars), government-owned bank KfW said Monday. KfW, which handles many federal-government portfolio investments, is overseeing the placement. It said only institutional investors would be able to bid for the stock. Deutsche Post shares are freely traded on the Frankfurt and other German stock exchanges.
Read MorePostwatch, the consumer watchdog for postal services, has reviewed Royal Mail’s performance over the past two Christmases. We found that whilst 2nd class performance dipped slightly, 1st class performance declined dramatically, to the point that more than three in every ten letters posted 1st class failed to be delivered the following working day. Postwatch recommends customers use 2nd class stamps at Christmas.
Read MoreWilliam Armsted Robinson founded Document Handling Limited, one of the nation’s first courier services, and sold it for USD57 million last year. Competitors United Parcel Service and Federal Express, which fought the sale, wanted Robinson to testify that he was merely a financial front for the minority owner, Germany’s Deutsche Post. The US Department of Transportation eventually ruled against their claim and allowed the sale. In a transcript of his sworn confidential deposition, obtained by The Associated Press, Robinson said he had no idea how he came up with his USD60 million asking price for the company. But when he was offered $37 million, he said he responded, “Just forget it, we’re going fishing.” He testified he disregarded a financial analysis that valued the company at up to USD118 million _ more than double its ultimate sale price. And Robinson couldn’t explain why he was paid USD51 million for his 55 percent share of the company, while Deutsche Post was paid USD6 million for the remaining 45 percent.
Read MoreThe head of DHL express delivery in Asia is applauding efforts by Thailand and Singapore to speed up economic reforms in Southeast Asia, but he warns that if the region doesn’t work better as a group, less developed nations will lag farther behind. John Mullen, chief executive officer for DHL Express America, Asia Pacific and emerging markets, said in an interview Saturday with The Associated Press that Southeast Asia has to make it easier for foreign companies to invest in the region. Faster customs procedures are also needed, Mullen said at the Association of Southeast Asian Nations summit in the Laotian capital, Vientiane. “Singapore and Thailand have been really aggressive in leading the charge” for freer markets, he said. “But the disadvantage of that is that if you end up with a two-speed ASEAN, that tends to marginalize the slower-paced countries even further.”
Read MoreDirectors and management at An Post are consulting libel lawyers following a strongly worded letter from the Communications Workers Union (CWU) to bossesat the troubled semi-State. After the workforce at SDS, An Post’s courier subsidiary, had picketed Thursday’s board meeting which confirmed an earlier decision to close it down, recriminations are beginning to fly between both sides in the continuing industrial relations warfare. Sources at An Post insist that the letter from the union accused managers of “an act of sabotage”, of “misrepresenting the financial position of SDS” and told the directors that they had been “coerced by misinformation”.
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