Patrick Waldron has been named CEO of the newly formed joint venture between The Bank of Ireland Group and the UK’s Post Office Ltd, part of the Royal Mail Group. The operation expects to offer personal loans, savings accounts, credit cards, personal insurance and mortgages.
Read MoreThe Royal Mail has confirmed plans to scrap a service allowing newspapers to be sent first-class for the price of second-class postage.
It would disappear if the Royal Mail goes ahead with its plans to scrap the service which it says is no longer commercially viable and which costs it £7m a year.
Read MoreJP Morgan has strengthened its Greek business by winning the mandate to privatise the country’s Post Savings Bank, a year after hiring Harry Adamopoulos to run its investment banking business there. Nikos Christodoulakis, the Greek Finance Minister, was reported to have said that between 35% and 40% of Post Savings Bank will be sold in an international tender. Post Savings Bank is eventually expected to list on the Athens stock exchange.
Read More“Why Are Traditional Postal Services ‘In’ Again?”
Marjan Osvald,
Head of International Postal Affairs and Operations Logistics,
Pošta Slovenije,
PostEurop Plenary Assembly,
Basle,
Switzerland
The price of sending bulky items though the post is set to soar under radical plans being hatched by Royal Mail.
If the proposals are given the go-ahead then the price of sending an A4-sized envelope first class will rise from 28p to 46p, in a move that will anger many businesses.
Royal Mail wants to scrap the 150-year-old system of weighing parcels to determine the price of postage and replace it with a sized-based system.
Read MoreAn Post has said it realises the country’s postal service needs to be significantly improved.
New figures released by the Communications regulator reveal a quarter of all mail An Post handles arrives late.
ComReg says there has been some improvement in the service, but that An Post is failing to meet its targets of delivering 94% of mail on time.
Read MoreEmirates Post has announced that it would provide customers with optional services including the use of a large and exclusive database and printing and outsourcing services along with the recently launched Direct Mailing Service (DMS).
According to Sawsan Al Diwani, Assistant Director General, Development and Marketing Affairs of Emirates Post, the DMS was designed to help promote customers’ products and services by ensuring a responsive audience.
Read MoreUPS has announced new rates for most U.S. services effective Jan. 5, 2004. UPS commercial ground services will increase 1.9% with U.S. air and UPS Worldwide Express services increasing an average of 2.9%. The premium for packages and letters delivered to residential addresses will rise from $1.15 to $1.40.
UPS also will introduce a $1.00 delivery surcharge to commercial shipments headed to more remote ZIP codes. These ZIP codes are the same as those covered by the current residential delivery area surcharge, which was first applied in 1999 and remains at $1.75. The majority of UPS’s accessorial charges stay the same.
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