Consignia — formerly the Post Office — has confirmed the appointment of Allan Leighton as interim chairman. He takes over from Neville Bain, whose contract expired at the end of last year and his tenure will last three to four months until the Department of Trade & Industry find a successor.Read More
The government will submit two bills to the Diet aimed at fully opening mail services to the private sector in 2003, when a new public corporation is created to take over state-run postal services, government sources said Friday.
The bills are based on a report by an advisory panel submitted to posts minister Toranosuke Katayama in December.
Eurofrut plc, a U.K. company that imports fruit from South Africa and distributes it to supermarkets across Britain, now is financing its business and moving its product through UPS.
Through its own U.K. subsidiary, UPS Capital advances Eurofrut up to 85% of the value of its invoices within one business day of issuance compared to the 28 – 35 day delay in receiving payment that is standard in the grocery-supplier industry.
The Government today warned Consignia it had “no alternative but to improve” postal services.
Trade and Industry Minister of State Douglas Alexander told the Commons it was determined to see improvements in the company and was taking “active steps” to bring them about.
Consignia came under fire from MPs at question time with accusations of “persistent failure” to deliver quality services to millions of homes and businesses.
Sideco Americana S.A.’s creditors have demanded immediate payment on $125 million of 9.125% defaulted bonds due 2002, in a bleak chapter of the Argentine company’s insolvent subsidiary Correo Argentino SA’s long-running dispute with the government.Read More
Italian parcels company Direzione Gruppo Executive (DGE), which is 100 percent controlled by General Logistics Systems (GLS), aims to be among the top three international parcels operators in Italy in two to three years, a senior executive told Reuters on Thursday.Read More
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