Author: Archive

US Post offices to encourage public recycling

Posted by | Oct 13, 2003 | |

A Colorado congressman is drafting legislation that would require post offices across the country to encourage the public to recycle unwanted mail by allowing local organizations to place recycling containers in post office lobbies.

“Placing recycling containers at these facilities would not only provide a convenience to postal patrons, it would also encourage the recycling of tons of unwanted mail and keep these materials from filling up local landfill space,” said Rep. Mark Udall, D-Colo.

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Stocks gain on encouraging Motorola earnings

Posted by | Oct 13, 2003 | |

Better-than-expected profits from Motorola lifted Wall Street higher Monday as investors grew more optimistic that third-quarter earnings in general will be strong. The Dow Jones industrials rose nearly 90 points to a 16-month high.

Volume was light as the bond market was closed for Columbus Day and Japan’s financial markets were closed for a national holiday.

“It’s a bit of a surprise to see this much strength on a low volume day. You have to give credit to the Motorola numbers,” said Peter Dunay, chief market strategist at Wall Street Access, a New York-based brokerage firm.

But he added, “It’s really anticipation that’s driving the market. Most analysts are now expecting even more from earnings, which could put the market under pressure.”

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Spain Correos to sell property to fund investment

Posted by | Oct 13, 2003 | |

As part of its ‘optimisation’ plan, Correos, the Spanish post office, is to reorganise its property assets in Spain, valued by some experts at between €780m and €1.1bn. To carry out the task, the postal operator has hired the services of the law firm Garrigues and the consultancy Irea, with the first step being the drawing up of an inventory. Correos is thought to occupy some 7,000 buildings in Spain, 1,600 of which it owns and the rest of which are rented.

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Nigeria Post moves to enhance speedy mail delivery

Posted by | Oct 13, 2003 | |

Nigerian Postal Service (NIPOST) last week joined the rest of the 188 members of the International Postal Union (IPU), to mark the World Post Day with a resolve to further enhance speedy mail delivery.

It said following its discovery that many of the post offices are in Nigeria located in the outskirts of major towns and cities thereby making patronage of such post offices very difficult, management has directed area postal managers to evolve means of bringing postal services closer to the people.

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New Poczta Polska director plans to extend company's services

Posted by | Oct 13, 2003 | |

Tadeusz Bartkowiak, who was appointed the new head of Poczta Polska (Polish Post) last week, plans to increase PP’s income, implement new services and win new sources of financing for the company’s development. At the moment about 65 percent of the company’s income comes from traditional postal services, such as letter and post card delivering. In the future the share of these services in the income may be reduced to 35-40 percent, mainly as a result of the appearance of new services. Bartkowiak wants his company to start providing e-services and to increase its presence on financial services markets.

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French banks resist post office expansion

Posted by | Oct 12, 2003 | |

French banks are resisting plans by the state-run post office to extend its financial services products.The chairmen of Frances three largest listed banks, Crédit Agricole, BNP Paribas and Société Générale visited Francis Mer, the finance minister, last week to voice their opposition to plans by La Poste to market stand-alone mortgages through its network of more than 17,000 offices. Under its current statutes, the post office can only offer mortgages to holders of special property-linked saving schemes.

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