Author: Archive

UK Stamp price rise 'unjustified'

Posted by | Mar 31, 2003 | |

Royal Mail will today be given the freedom to increase the price of a first class stamp by 3p to 30p over the next two years, consumer lobby Postwatch
claimed in an attack on the industry regulator last night. “Postwatch is not convinced that a correct balance has been struck between the interests of consumers and those of Royal Mail in the regulator’s current proposals,” it said. “Consumers are being asked to pay significantly more than the 1p:1p originally proposed, with little justification by way of hard evidence or sound logic.”

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German Deutsche Post snaps up Securicor Omega for £167M

Posted by | Mar 31, 2003 | |

Deutsche Post, the German postal group, yesterday stepped up its rivalry with the Royal Mail in the UK’s rapidly deregulating parcels sector by taking control of Securicor Omega in a deal worth pounds 167m.

The German postal service bought the remaining 50% stake it did not own in the post and logistics business from Securicor. Deutsche Post refused to say whether it was also interested in mail assets coming up for sale at Hays.

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Sell the Mail, urges UK Blairite Think-Tank

Posted by | Mar 30, 2003 | |

The Institute of Public Policy Research, Labour’s favourite think-tank, will tomorrow urge the Government to consider privatising Britain’s postal service. In a report written by Dan Corry, the one-time special adviser to former Transport Secretary Stephen Byers, the IPPR will claim that in public hands the Royal Mail may be unable to compete in the deregulated postal market.

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Global Mail Service Expanded

Posted by | Mar 29, 2003 | |

The US Postal Service is expanding its agreement with Royal Mail Group’s parcel delivery company, General Logistics System (GLS) for delivery of Global Express Mail (GEM) to Europe from 6 to 14 countries. GLS currently delivers GEM items to 6 countries: Austria, Denmark, Germany, France, Netherlands, and Sweden. The 8 additional countries to which GLS will deliver GEM items effective March 29, 2003, are Belgium, Italy, Liechtenstein, Luxembourg, Malta, San Marino, Switzerland, and Vatican City. Note that San Marino and the Vatican City are being added to the countries that can be reached using GEM.

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SingPost gets SGX approval for listing

Posted by | Mar 29, 2003 | |

Singapore Post (SingPost), a wholly owned unit of Singapore Telecommunications Ltd, said yesterday it has received approval from the Singapore Exchange for a mainboard listing. News indicating the imminent listing of SingPost has been coming in at regular intervals over the last few months. A terse statement from SingTel said that the SingPost divestment is the result of a strategic review of its assets.

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UPS wants U.S DOT to examine DHL's purchase of Airborne

Posted by | Mar 28, 2003 | |

United Parcel Service Inc. has asked the government to investigate the planned acquisition of Airborne Inc. by German postal service Deutsche Post AG’s DHL express mail arm.

Atlanta-based UPS said Wednesday in a filing with the U.S. Department of Transportation that the $1.05 billion deal reached Tuesday raises questions about the degree of control that Deutsche Post is able to exert on the domestic express package and cargo market.

Also Thursday, the union representing 489 DHL pilots took issue with comments made by one of the shipping company’s top executives.

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High hurdles for DP-Airborne deal

Posted by | Mar 28, 2003 | |

Deutsche Post World Wide AG must negotiate a tricky political and regulatory environment if it hopes to secure approval for its proposed $1.05 billion acquisition of Airborne Inc. The deal raises a host of political issues, including state-sponsored monopolies, national security and free trade. The German government owns a majority stake in Deutsche Post, which has led to charges that the postal giant is using monopoly profits from German mail delivery to subsidize U.S. operations. Also in question: whether Deutsche Post and its U.S. unit, DHL Worldwide Express, can structure the deal to avoid a U.S. ban on foreigners controlling domestic airlines, including cargo carriers.

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