Profits at services run by An Post in competitive markets are subsidising growing losses in its monopoly businesses, the State company said yesterday. The disclosure of losses in An Post’s businesses reserved from competition revealed an anomaly at the company because the monopoly elements in any business are generally expected to generate strong profits
Read MoreThe Saudi Cabinet recently approved the transfer of its state-run postal services to a joint public-private sector company. The Kingdom’s Supreme Economic Council (SEC) approved the move as part of a series of decisions designed to speed up the pace of privatization in the country.
Read MoreA second transportation company made it known Wednesday that onerous conditions attached to a postal deregulation bill will keep it from entering the mail delivery business.
An official from Seino Transportation Co. made the announcement during a meeting of the public management, home affairs, posts and telecommunications division of the LDP’s Policy Research Council.
Toshiaki Hashimoto, a senior Seino Transportation official, was quoted as telling the meeting that it would be difficult for the firm to offer nationwide mail delivery services at the uniform rate used by the government-run postal service.
“The postal service has infrastructure and systems that were developed over a long period of time,” he said, “and it is difficult for a private firm to make investments to that extent.”
TNT Express today outlined its European network expansion plans over the next three years. At a briefing in London, Alan Jones, Group Managing Director TNT Express, announced plans to open twelve jet stations that will increase the number of airports used in Europe by TNT Express from 55 to 67 and extend the TNT Express road network to an additional seven countries.
Read MoreAirborne Inc today announced it has assumed operations of its former service partner in France, Pagtrans SA, effective immediately. The new company will operate as Airborne Express France. “This acquisition increases Airborne’s presence in France, enhancing service for our valued customers throughout Europe,” said Bruce Grout, Senior Vice President, International Services.
Read MoreShares in Federal Express fell almost 11 per cent in early New York trading yesterday, after the world’s largest express package company said first-quarter earnings would miss Wall Street forecasts, even though fourth-quarter earnings more than doubled.
Read MoreArticle by Cary Baer of DMA USA on USPS and the universal service obligation
Read MoreDelivery firms say the failure to define mail hinders liberalization. Ambiguity surrounding the definition of postal mail has long confounded potential newcomers to the mail delivery sector and is now threatening to derail postal deregulation, one of Prime Minister Junichiro Koizumi’s pet reform projects.
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