Author: Archive

Privatised Japan Post to be under jurisdiction of Three government agencies

Posted by | Aug 14, 2004 | |

Units of a privatised Japan Post are expected to come under the jurisdiction of three separate government agencies to ensure equal competition with the private sector, government sources said.

Japan Post is currently under the supervision of the Public Management, Home Affairs, Posts and Telecommunications Ministry.

After privatisation, a 10-year process the government hopes to begin in 2007, only postal business would stay under the ministry’s jurisdiction, they said.

Read More

China Post launches overnight express mail service

Posted by | Aug 13, 2004 | |

China Post announces that it will formally launch overnight Express Mail Service (EMS) to make mails arrive on the following day among 27 provinces and 136 medium and big cities of China.

Overnight ENS means that the postal planes shuttle between the distributing center-Shanghai City-and seven important points-Beijing City, Guangzhou City, Shenzhen City, Xiamen City, Shenyang City and Wifang City of China and Osaka of Japan- to collect and deliver mails efficiently.

Read More

Citibank and Pakistan Post sign distribution network deal

Posted by | Aug 13, 2004 | |

Citibank N.A. Pakistan and Pakistan Post have signed an agreement to create a wider distribution network and new alternative collection points for Citigroup corporate customers across the country.

According to an announcement, chairman Pakistan Postal Services Management Board, Agha Masood Hasan and Citigroup Country Officer Zubyre Soomro attended the signing ceremony.

Speaking on the occasion, Aga Masood Hasan said that under this landmark agreement, Pakistan Post will provide corporate customers of Citigroup the convenience of making cash and cheque deposits through 81 general post offices and post malls all over Pakistan.

Read More

Canada Post boss quits ahead of firing

Posted by | Aug 13, 2004 | |

Canada’s highest-paid bureaucrat quit his 400,000dollar-a-year post, pre-empting his anticipated firing for racking 2 million dollars in receiptless travel and hospitality expenses.

Andre Ouellet faxed his resignation letter two days after meeting with Revenue Minister John McCallum, who hinted he was prepared to fire the crown corporation president after an audit showed he had run up hundreds of thousands of dollars in expenses annually for the last eight years without receipts.

Read More

UK Royal Mail loses 5p on every first class stamp

Posted by | Aug 13, 2004 | |

Royal Mail loses an average of 5p for every First Class stamped letter posted by members of the public and small businesses, the company said.
The average loss for Second Class stamped letters posted in the UK’s 120,000 pillar boxes is even higher – 9p a letter.
The GBP247 million losses incurred on personal letters, greeting cards and the stamped mail posted by small businesses last financial year were covered only by the profits generated by bulk business mail, said Royal Mail’s Chief Executive, Adam Crozier.

Read More

UPS board sets quarterly dividend

Posted by | Aug 12, 2004 | |

The Board of Directors of UPS have declared a regular quarterly dividend of 28-cents per share on all outstanding Class A and Class B shares.

The dividend is payable Sept. 8, 2004, to shareholders of record on Aug. 23, 2004. The board acted during a regaularly scheduled meeting.

Read More

Palletways in Europe push

Posted by | Aug 12, 2004 | |

Palletways is to launch a major European expansion drive, new chief executive James Wilson told Motor Transport in his first – and exclusive – interview. Maintaining a strong UK focus, following a refinancing deal with Phoenix Equity Partners, is also crucial to the network’s development plans. “We are in the middle of the planning phase and are looking at a number of different models. We are determined to learn from the experience of UPS and FedEx who copied their US models into Europe, which maybe wasn’t the best way. We are keen to expand but the model needs to reflect the marketplace,” says Wilson. “Palletways has the scale to support a European plan and has a blank sheet of paper so it can reflect the new emerging markets.”

Read More

TNT parent TPG ponders UK Hays DX bid

Posted by | Aug 12, 2004 | |

TPG, the Dutch postal operator which has embarked on a big expansion programme in Britain, is considering a bid for the DX mail business of Hays, the services group. The richly profitable Dutch group, which trades as TNT Mail in the UK, plans to challenge Deutsche Post to be Royal Mail’s biggest competitor.

Hays, which is transforming itself into a specialist recruitment business, said in June it would demerge DX by the end of this year in a move that could value the mail operation at GBP250m-GBP300m.

Former chief executive Colin Matthews said then that Hays had decided against selling DX but would consider a “credible and compelling” offer.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest