DHL-Sinotrans, a 50/50 joint venture between the world’s leading express and logistics company DHL and China National Foreign Trade Transportation (Group), recently announced the establishment of the Taizhou Branch in Eastern China’s Zhejiang Province.
During the last four months, DHL-Sinotrans increased branches in china from 39 to 50.
Read MoreThe Latvian public services regulator decided to approve a postal license for Latvia’s a/s Diena, publisher of one of the country’s leading daily newspapers.
The company has been licensed to deal with express parcel and express mail correspondence throughout the territory of Latvia. The license is valid for one year.
Read MorePortuguese postal service CTT-Correios de Portugal will invest 20 mln euro (25.2 mln) in the improvement of its corporate image, it was reported on January 21, 2004. The process will include, among others, the creation of a new company logo for CTT’s post offices and changes in the company’s car park. The programme will continue until 2006. Some 8.0 mln euro (D10.07 mln) of the total will be invested in new outfit for the CTT’s employees. The new image will help the company in its program for expansion to foreign markets scheduled to start in 2004, it was added. CTT eyes entering Spain and Brazil.
Read More· Turnover for the whole year of 2003 was MSEK 307.9 (245.0)
· OptiMail’s profit after tax for 2003 was MSEK 12.0 (26.8*)
· Earnings per share for the whole year of 2003 were SEK 0.90 (1.96*)
· The Board of Directors proposes a dividend of SEK 0.50 per share
*The profit for 2002 is including capital gains (MSEK 18.4) from the sale of CityMail Sweden AB.
Read MoreJapan Post President Masaharu Ikuta has rejected calls from the Japanese Bankers Association for the abolition of the postal savings system, saying the system is indispensable for maintaining the nationwide postal network.
“Eighty percent of ‘tokutei’ post offices do not conduct mail delivery and they rely on postal savings and ‘kampo’ (life insurance) for most of their revenue,” Ikuta said.
“The postal network can no longer exist if postal savings are abolished,” he said.
Read MoreThe Paris finance ministry is postponing the publication of a report on the savings products offered by La Poste, the French post office, and Caisse d’Epargne and Credit Mutuel. The aim of the study, commissioned in the autumn of 2003, was to see if the commission paid to these groups by the state is in line with the real costs of the products.
Read MoreSeven weeks into its Carrier Pickup pilot program, the U.S. Postal Service has received over 650 requests to pick up more than 17,500 packages in the six participating districts, the agency said. Carrier Pickup is a USPS service that lets customers go online to request next-day package pickups. There is no pickup fee because the packages are picked up from the customers as part of the carrier’s normal delivery route. Packages must be prepared with the appropriate postage and ready to go before they are picked up.
Read MoreTrade unions have warned of massive job cuts at the Swiss Post Office as part of plans to reorganise the country’s postal services.
A union leader said up to 1,500 positions were at risk over the next three years.
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