The U.S. Postal Service have announced that FedEx Express, will on July 1 take over the delivery of its overseas Global Express Guaranteed packages from DHL Worldwide Express.
“About 7,400 Postal Service locations will offer the new co-branded service. As demand for this product grows, so will the number of Postal Service access points,” the USPS said.
Read MoreMail and logistics company TPG N.V.’s UK subsidiary TNT Mail has signed a two-year agreement with Express Dairies, a trading division of Arla Foods UK plc, the UK’s leading dairy company, which will see Express Dairies delivering addressed heavier weight letters and packets for TNT Mail’s customers. The agreement with Express Dairies enables TNT Mail to deliver large non- time sensitive mail items to over six million UK households. The partnership will offer businesses a service for large bulk letters and heavier addressed packages.
Read MoreGeoPost (Russia), a subsidiary of La Poste Group (France), acquired Armadilo Business Posylka (Russia), a subsidiary of Swedish Post (Sweden). Specialists notice it is a part of a larger deal proposed to strengthen pan-European operations of La Poste Group. It acquired also Yurtici Kargo (Turkey), Masterlink Express (Poland), BLS Lithuania (Lithuania), BLS Latvia (Latvia), and BLS Estonia (Estonia). Sales of the group of enterprises acquired exceeded euro35mil in 2003.
Read MoreJapan Post and Chinese postal authorities failed to reach an accord Tuesday [8 June] on a planned business tie-up aimed at opening business offices in each other’s country.
The two sides had originally planned to sign the tie-up accord during the day’s meeting between Japan Post President Masaharu Ikuta and visiting senior Chinese postal officials.They will continue discussions Wednesday, but it is unclear if they can reach an agreement on the tie-up.
Read MoreEmirates Post is considering door-to-door postal delivery service. The Executive Council (EC) asked the postal authority to study the proposal, the National Consultative Council (NCC) was told.
Read MoreAccording to a valuation carried out by Enskilda Securities, Norway Post Group is worth NOK 7.7 billion. This is an increase of NOK 2.2 billion, or 41 per cent, from last year.
“This development in value shows that Norway Post is making great progress. Compared with the largest companies on the Oslo Stock Exchange, we are doing well,” says Norway Post chief executive Kaare Frydenberg.
One of Norway Post’s four overall objectives is a competitive development in value. “We are pleased that this objective is now being met,” Frydenberg says.
Read MorePostcomm have defined five areas of service, currently provided by Royal Mail, which the company needs to provide as the universal postal service. This means these services must be provided at an affordable flat rate price.
In future the universal service will be made up of the following five postal services:
Priority and non-priority mail services.
A non-priority parcels service up to 20 kilos.
A registered and insured service.
A range of support services to ensure the security and integrity of mail.
International outbound service.
Deutsche Post has set an ambitious subscription price range of Euros 31.50-Euros 36.50 for shares in its retail banking unit Postbank, the biggest German initial public offering for more than three years. The price range, agreed between Deutsche Post and its bankers Deutsche Bank and Morgan Stanley late yesterday, values Germany’s biggest retail bank at between Euros 5.2bn (Dollars 6.4bn) and Euros 5.9bn – well above most fund managers’ estimates.
But Klaus Zumwinkel, Deutsche Post chief executive, said he was confident the mail and logistics group “had found the right price range” for Postbank, which he called a “solid growth-oriented investment”.
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