The labour union representing United Parcel Service’s 2,500 pilots on Thursday said the world’s largest package carrier had been “overly optimistic” about resolving a long-running contract dispute and that a near-term resolution was not in sight.
Last month, UPS and the Independent Pilots Association announced they would seek a federal mediator after nearly two years of talks had failed to produce an agreement.
Read MoreHermes Versand, the postal service operator owned by German mail order group Otto, is to set up 10 parcel machines in Hamburg, Munich and Dusseldorf together with its co-operation partner Siemens, the German technologies group, and will thus intensify its competition with Deutsche Post, Germany’s leading postal service operator and former monopoly.
Read MoreAltadis SA affiliate Cia de Distribucion Integral Logista SA said it has reached a preliminary agreement to acquire La Poste Group’s Geopost Logistics Holding (GLH) for 12.8 mln eur.
In a statement, Logista said the acquisition is subject to regulatory approval and the ‘execution of the share purchase agreement’.
Read MoreUPS has reported an 18.2percent gain in net income for the second quarter on a 7.8percent increase in revenue with strong growth in its global small package business. In addition, the company raised its future guidance and expects full year 2004 earnings growth to approach 20percent.
Previously, the company’s guidance called for 2004 earnings at the upper end of a 12-to-18percent range.
Read MoreThe Post Office has started to sell car insurance and hopes to capture 5 per cent of the competitive UK market within three years. It is the second product after personal loans to be launched as a result of the Post Office’s recently launched joint venture with the Bank of Ireland, through which it aims to become a significant force in the financial services market.
Read MoreThe Italian Post Office has launched a Self Service project to reduce post office queuing time. Most bills are paid at the Post Office, with around EUR800m of transactions per year. They offer Post Office counters little added value, while queuing is often a waste of time for the user.
Read MoreThe PPA said its suggestions were more cost-reflective than the existing proposals and would enable publishers to accommodate different sizes without being faced with heavy costs – allowing them to budget more effectively with their advertising and promotional plans.
Read MoreThe U.S Postal Service scored the best overnight delivery score ever in the history of the external First-Class Mail (EXFC) measurement program. The EXFC assessment, which is measured independently by IBM Consulting Services, was announced during the agency’s Board of Governors meeting in San Francisco.
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