Author: Archive

UK Royal Mail set to miss post target

The Royal Mail is expected to miss its target for delivering post on time as complaints about the service continue to be made by customers.

The organisation has a target of delivering 92.5percent of first class letters a day after they were posted, but it is set to miss the figure by up to 4percent. Officials admitted today that the service had been experiencing problems, especially in London, because of changes to deliveries.

“It is not good enough, and improving it is our number one priority,” said a spokesman.

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Japan Post logs huge profit for 1st year

Japan Post has said that it logged a huge consolidated profit for its first year, which ended March 31.

Its group net profit came to 2,302 billion yen and recurring profit to 2,621.2 billion yen on operating revenue of 24,713.6 billion yen. By sector, the postal service generated a net profit of 27.6 billion yen. Though revenue decreased from the previous year, when the government’s Postal Services Agency handled the country’s mail, postal savings and postal insurance businesses, cost-cutting effects led to the first black ink in two years.

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UK London postal chiefs apologise to MPs

London postal chiefs have been forced to apologise to MPs for the “Third World” state of deliveries.

A furious confrontation has erupted behind closed doors between MPs and Royal Mail executives over late mail, lost post and service cutbacks that have caused chaos. Details of the row emerged as new figures reveal standards in the South-East have slumped badly, with fewer first-class letters being delivered on time – and many parts of London getting a slower service than remote Scottish islands.

In almost every part of the capital, letters and packages missed the target for 92.5 per cent to be safely delivered by the next day.

The Royal Mail apology came after a private Commons meeting between London Labour MPs and three senior executives – London area director Roger Baynes, external relations head Melanie Corfield and government relations head Mick Fisher.

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Business Post set to take loads off UK roads

Express delivery company Business Post is turning to rail to escape the problems of congestion on the UK’s roads.
It has started a three-month trial using EWS’s rail express parcels service from Walsall in the West Midlands to Aberdeen, joining DHL which has been using the service since January under a three-year deal.

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GeoPost moves in on Spanish Seur heartland

GeoPost is to take a significant stake in Spain’s leading courier and express network Seur (Servicio Urgente de Transporte).
The 60percent stake in Seur’s Madrid franchise accounts for around 20percent of the network’s overall business.

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FedEx founder named chief executive of the year

Chief Executive magazine has named FedEx chairman, president and CEO Fred Smith chief executive of the year.

Smith, who founded FedEx in 1971, was recognized for building a USD25 billion company that “virtually invented an entire industry, transformed other sectors as diverse as manufacturing, retail and transportation and heightened expectations of globalisation.” Smith was chosen from 150 nominees. The judges based their final selection on long-term company performance, operational excellence, global leadership, continuous innovation, corporate responsibility, resilience, integrity and consistency.

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Finland Post faces tough slog with Digital Mailbox

Finland Post is scaling down expectations for its Netposti digital mailbox service and has discontinued some of the value-added services surrounding it.

The post signed up about 150,000 people in the first 20 months but in the following 20 months it only managed to recruit 61,000 for a total of 210,000 users.

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US Fedex Freight announces general rate increase

FedEx Freight will implement a 5.9 percent general rate increase effective June 30, 2003. The increase will be applied by the company’s two operating units, FedEx Freight East and FedEx Freight West. FedEx Freight, the U.S. leader in regional less-than-truckload (LTL) freight services, is a subsidiary of FedEx Corp. (NYSE: FDX).

This increase applies to intra- and interstate traffic, including Canadian trans-border and other international lanes, as well as accessorial and minimum charges. Various additional adjustments will be made to select lanes and service areas.

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