Customers are taking advantage of incompetence at the Royal Mail by sending letters free of charge to residential addresses across Britain by simply marking them “Freepost” -normally used by businesses that have paid for a licence.
The scam is thought to be used by a growing number of people and could be costing the postal service thousands of pounds a year in lost revenue.
Read MoreLeipzig-Halle airport, Germany, is hoping that it will be chosen as a base by DHL, the subsidiary of German postal service operator Deutsche Post that specialises in express deliveries and logistics. DHL is currently based in Brussels, but says that it will be able to deal with the increasing volume of deliveries only if the airport there is extended and remains in operation during the night. However, there is opposition to these plans.
Read MoreCashFlowNews.com reports that EBITDA for FedEx Corporation for its quarter ended May 31, 2004 was USD1,042,000,000, a 27percent increase over the year earlier same quarter when FedEx generated USD822,000,000 in EBITDA. FedEx has generated thirty-four consecutive quarters of positive EBITDA. EBITDA for the most recent quarter also reached a eight year high.
Read MoreHongkong Post plans to make the city an international mail-transit hub to generate revenue and promote its world-class airport and logistics services.
It has already landed its first big client – the US Postal Service.
The self-financing government body, which is attempting to diversify, said it would also launch a one-stop service for customers to order and send mooncakes to mainland relatives for the Mid-Autumn Festival.
Read MoreUnited Parcel Service Inc, which has seen double digit growth in China in the past three years, is aiming to become the first US airline to set up a hub on the mainland.
A landmark aviation deal set to be signed by the US and China tomorrow will allow US carriers to establish hubs in China provided they meet certain requirements, including 72 weekly flight movements in and out of the country.
Read MorePostcomm is hunting for a new chief executive following the departure of Martin Stanley.
The postal regulator has begun the trawl for a replacement in the wake of Stanley’s appointment as chief executive of the Competition Commission. He will take up the post this autumn.
Nigel Stapleton, Postcomm chairman, says: “Martin has led Postcomm since its inception, and his contribution to its achievements over the last four years has been immeasurable.
“We aim to recruit a chief executive who will ensure Postcomm’s culture and values are maintained, so we can build on the work we have started and achieve our aims.”
Read MoreLa Poste, the French national postal operator, and representatives from the country’s press companies yesterday signed a new four-year contract following 18 months of negotiations under the aegis of the state. For the state, the objectives of the agreement are to assure the equality of all publications and readers in postal distribution, as well as press plurality. For the press, the objectives are the provision of a quality delivery service to customers and a reasonably-priced subscription service. La Poste must prepare for the complete deregulation of the postal market in 2009.
Read MoreUpdate on USPS’ European Parcel Delivery Contract
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