Ministers were accused by the Tories today of presiding over a “devastating deterioration” in postal delivery services.
Shadow minister Michael Fabricant said the Royal Mail failed to meet all 15 delivery targets for the last financial year.
The scrapping of the second delivery was causing “havoc” for mail order and other businesses.
Read MoreSingapore Post says the revised commission structures, business reorganization and one-time restructuring cost at a European joint venture are not likely to have a significant impact on SingPost’s overall performance for the current financial year. Previously, SingPost had expected restructuring of the joint venture, called Spring, to cut net profit for this financial year by as much as SD6.5 million. The losses would have largely come from the gradual write-down of its initial start-up cost. But SingPost now says it plans to adopt a new rule proposed by Singapore’s accounting authorities which does not require goodwill to be gradually written down.
Read MoreRoyal Mail chiefs stand accused of seriously depleting London’s network of post offices.
Figures obtained by the Standard show more than a quarter of the capital’s branches are set to go. Since December 2002, 190 post offices in the capital have either been shut or earmarked for closure. Another 120 may also be at risk.
Critics claim the cutbacks will change permanently the face of London’s high streets. They say post offices are crucial to the commercial future of some areas.
Read MoreFrances Groupe La Poste, the parent company of GeoPost, has reported turnover up 5.2percent to EUR2.2bn for 2003 for its express companies. Operating profits increased from EUR58.4m in 2002 to EUR82.4m in 2003 for the division.
Read MorePINSENTS DELIVERS DEAL FOR VENDORS IN £89 MILLION NIGHTFREIGHT SBO
Read MoreSea freight sector awaits impact of new US security regime
Read MoreThe Post Office® has signed up with Cable & Wireless to provide a fixed line phone service for millions of customers throughout the UK. The Post Office® has also chosen Inkfish to provide call centre support and Servista for customer care and billing services for the new venture. Called Post Office® HomePhone, the new service will be available to 21 million customers who use BT as a fixed line telephone provider and will launch early next year.
Read MoreThe US CEP and ogistics giant FedEx Express is expanding its activities in Spain and has opened a new branch in Barcelona. In tandem with the state-owned Spanish airport operator Clasa (Centros Logisticos Aeroportunarios SA), FedEx has signed an agreement on the purchase and construction of a logistics platform in the freight terminal at Barcelonas international El Prat airport. Costing EUR 2 million, the new building will have a working area of 3,800 sqm.
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