Fresh from a record profit result, Australia Post has signalled it has at least $200 million to spend on expanding its business beyond the traditional snail mail.
Australia Post managing director Graeme John said the group was subject to confidentiality agreements, and refused to be drawn on whether Mayne Group’s Loomis operations were in its sights.
Read MoreSingapore Posts postal service SingPost has bought the remaining 29% in dropbox firm First Cube, making it the sole owner of the company. SinPost paid about S$474,000 for the stake and said the acquisition would allow it to integrate First Cubes infrastructure operations into its own business.
Read MoreTNT Express has unveiled faster services between Europe and the USA and Canada by introducing improved next day deliveries to nine business centres across North America, including New York, Washington, Chicago and Toronto.
Read MoreDart Group expands passenger air service
Read MoreAlberto Nunez Feijoo, chairman of Spanish post office Correos y Telegrafos, said the group expects to close 2003 with a profit of Euro 41.1m. This is 14.9% higher than the profit predicted for 2002 said nedia reports from inside the country.
Read MoreItalian postal services group Poste Italiane closed the first half of 2002 with losses of Euro 62m compared with losses of Euro 44m in the same period last year. But with regard to delivery quality, Italys communications minister, Maurizo Gasparri, said the post had exceeded predicted targets for the half year.
Read MoreRussia’s Communications and IT Ministry expects to increase the number of public access Internet outlets at Russian post offices to 3,000 by the end of 2002, First Deputy Minister Alexander Kiselyov told reporters Wednesday.
Kiselyov added that the ministry hoped that Russia would have about 5,000-7,000 public access Internet outlets in 2003.
Read MoreAustralia Post today achieved a record profit after tax of $A297 million ($US163.8 million) for the financial year 2002, as its chairman Linda Nicholls said the company was one of the best performing postal services in the world.
She said the quality of the corporation’s earnings improved markedly with underlying trading performance up by more than $A49 million ($US27.02 million).
The profit after tax was reached off total revenue of $A3.758 billion ($US2.07 billion), up from the previous year’s revenue of $A3.748 billion ($US2.07 billion).
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