A formal decision will be made this week on whether to grant An Post a price rise in domestic postage rates, which could be worth some E18 million in a full year.
The company has sought a range of increases including a rise of 7c to 48c on the basic stamp.
The Commission on Communications Regulation (ComReg), has recognised the need for increases in the company’s domestic postal rates, with prices “geared to costs” as EU regulations demand.
Read MorePost Malaysia Bhd wants to increase its share in the domestic courier market from 30% currently to 40% in the next two years. Its chairman Datuk Annuar Maaruf said the bigger market share will be achieved via its new services, Poslaju On Demand Pick-Up Service and Domestic Time Certain Service (TCS).
Read MoreSinotrans Ltd, a Chinese freight forwarder, will procure a 50 percent stake in a joint venture with United Parcel Service.
Sinotrans said it will pay US$652,200, through its 70 percent-owned unit Shanghai-listed Sinotrans Air Transportation Co Ltd (Sinoair), for the stake from its controlling shareholder, state-run, China National Foreign Trade Transportation Group, Corp.
Read MoreGarmin International Inc., in its first major acquisition, said on Thursday that it had agreed to buy a subsidiary of United Parcel Service Inc. for $38 million in cash.
UPS Aviation Technologies Inc. designs and makes communication, navigation and surveillance products for the general aviation and air transport industries. The company, based in Salem, Ore., employs about 150 people, including 50 engineers.
Read MoreDHL, the world’s leading international air express company, business logistics solutions provider and air express pioneer in Malaysia, expanded its operations in Iraq to help assist in the country’s revival.
DHL is the first express and logistics company to operate in Iraq following the lifting of economic sanctions.
In a statement here, DHL said air express services were being offered through DHL Express, and heavy freight and logistics through DHL Danzas Air & Ocean.
Read MoreDeutsche Post, the German national postal service operator, is reported to have announced plans to increase charges for parcel deliveries for business customers, with effect from September 1. The price increase comes in reaction to road tolls for HGVs.
There is reported to be some uncertainty regarding the exact date on which the new toll is to be introduced. While the German government had envisaged August 31 as a launch date, the EU Commission has expressed reservations regarding the toll plan.
Read MoreState-owned New Zealand Post is pumping another $40 million into Kiwibank to help it grow even bigger, after 150,000 customers flocked to the new bank in just over a year. “It is now clear to us that the future of Kiwibank is as a much larger bank,” NZ Post chief executive John Allen said yesterday. But ACT NZ finance spokesman Rodney Hide damned the extra $40 million capital injection as proving the “critics right”, while the National Party’s Gerry Brownlee said Kiwibank was being “propped up” by taxpayers.
Read MoreMail, express and logistics company TPG N.V., has announced today that it has, through its TNT Logistics division, successfully won a five-year EUR 113 million contract to distribute healthcare supplies for the English National Health Service on behalf of the NHS Logistics Authority. TNT Logistics has worked in partnership with NHS Logistics for the last five years. The UK business unit of TNT Logistics will continue to operate a dedicated vehicle fleet from NHS Logistics’ seven distribution centres. The contract employs over 300 people and 200 vehicles are operated throughout England.
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