Author: Archive

USPS proposes rule on postage meters

Posted by | May 10, 2004 | |

The USPS has proposed a rule that would amend the regulations that define a postage meter and its components and a manufacturer and/or distributor of postage meters.

The proposed rule also puts forth the responsibilities of any authorized person or entity to notify the USPS upon a change in ownership or control, or bankruptcy or insolvency, and identifies factors the USPS will consider in acting upon requests for changes of approval or ownership or control of an approved manufacturer or distributor.

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Deutsche Bank still mulling Postbank takeover for Eur 6 bln

Posted by | May 9, 2004 | |

Deutsche Bank AG is still considering a complete takeover of Deutsche Post World Net AG’s retail bank Postbank AG, which has 12 mln customers, for EUR 6 bln, reported the Welt am Sonntag newspaper, citing a Deutsche Bank supervisory board member.

‘Yes, we are working on it,’ the board member said.

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Privatise UK Mail without the pension fund

Posted by | May 9, 2004 | |

What is to be done with the Royal Mail? It hangs round the taxpayer’s neck like an albatross. And if a recent Channel 4 documentary is to be believed, it is even more doomed and lawless than we had suspected. There are rumours of fresh attempts to privatise it. That would help, if it were feasible. But is it?

The question is as much financial as political. At the operating level, the Royal Mail of course loses money: pounds 227m before tax last year. But as often with such organisations, much of the problem lies with an off-balance-sheet subsidiary which dwarfs the business itself – the pension fund.

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Postal Union action to hit Australian Postal Services

Posted by | May 9, 2004 | |

Australia Post workers, members of the Communications Electrical and Plumbing Union (CEPU), will stop work for 24 hours in NSW, Victoria and Queensland on Thursday for mass meetings to discuss further industrial action on enterprise bargaining.

The action is part of the first national postal strike in almost 20 years.

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UK Posties to get GBP 1,000 bonus from Royal Mail profits

Posted by | May 9, 2004 | |

The Royal Mail will say it is on track to make a GBP400m operating profit this year, triggering a cash bonus of at least GBP800 for each of its 200,000 employees, when it reports last year’s financial results within the next three weeks. Leighton has told staff that if the company makes profits of GBP400m for the year ending in March 2005, all staff, with the exception of himself, will receive the bonus. “We’re on course to make pounds GPB400m this year,” said an executive close to the company. “The payout to each of our 200,000 people will probably be GBP1,000.”

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Japan Post adds China Express Mail Service

Posted by | May 8, 2004 | |

The Asahi Shimbun In a bid to keep pace with Western private-sector rivals such as DHL and FedEx, Japan Post on Monday will launch a faster express mail service to Shanghai from selected post offices in Tokyo and Osaka.

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