Author: Archive

U.S. Postal Regulator Approves Online Filing

Posted by | May 21, 2002 | |

The U.S. Postal Rate Commission, bowing to modernity, wants parties filing documents with it to do so electronically over the Internet. ‘This will allow the commission and others to apply modern technology to certain routine procedures,’ the Postal Rate Commission said in a proposed rule published Tuesday. ‘This should reduce the burden and expense associated with traditional hard copy filing,’ the commission said, specifying postage as one of the areas where savings will be achieved. The commission said it has ‘preliminarily concluded that it is feasible and desirable to make electronic filing of documents over the Internet the standard procedure for filing official documents with the commission.’

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Koizumi vows to privatize

Posted by | May 21, 2002 | |

Prime Minister Junichiro Koizumi reiterated his determination Tuesday to privatize Japan’s postal services as the Diet began deliberations on a package of four government-sponsored bills on the issue.
The House of Representatives started debate on bills to allow private firms to begin offering mail services and to establish a new public corporation in 2003 to take over the three state-run postal services — mail, postal savings and “kampo” life insurance.
Koizumi told the lower house plenary session that allowing private firms into the industry would be “a milestone toward the eventual privatization” of the three postal services.

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Frances La Poste says needs to increase financial products to compete

Posted by | May 21, 2002 | |

Martin Vial, president of La Poste, said an increase in the variety of financial products offered by the postal network, including the ability to offer credit to clients, is necessary for the group to compete in an increasingly liberalised market.
French law prohibits La Poste from offering credit, but Vial said he hopes to create partnerships with financial institions, similar to alliances already made with CNP Assurance or the Caisse des Depots et des Consignations (CDC).
“La Poste can no longer do everything on its own; it is necessary to form alliances and partnerships,” Vial said in an interview with French financial daily La Tribune.

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Nonaka threatens to drop support

Posted by | May 21, 2002 | |

Hiromu Nonaka, an influential politician in the ruling Liberal Democratic Party (LDP), on Tuesday openly expressed his displeasure at Prime Minister Junichiro Koizumi’s remarks Monday on the privatization of postal services, threatening to drop his support for a package of bills on the issue.
“I thought those bills should pass the Diet to ensure the smooth launch of a (planned) public postal corporation, but now that the prime minister said such a thing, maybe I should reconsider it,” Nonaka told reporters.

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Business Post announces 18.9% increase in pretax profit

Posted by | May 21, 2002 | |

Business Post, one of the UK’s leading express delivery companies, announces an 18.9% increase in pre-tax profit to £15.1 m for the year ended 31 March 2002. In a subdued economic environment, the increase in operating profit margins to 11.1% from 9.9% was a particularly pleasing result.

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New system to help HK Post Office deliver the goods

Posted by | May 21, 2002 | |

ALL 2.5 MILLION addresses in the Special Administrative Region will each be assigned a unique eight-digit postcode in the next fiscal year, in an effort to upgrade Hongkong Post’s services.
Once in place, the $11 million system will be the most advanced of its kind in the world. The first seven digits of a postcode are randomly generated for a specific delivery point. The last one enables machines to pick up input errors at the first point of entry.
This columnist tackled the need for a postcode in the territory last November, triggering a string of letters to the editor both for and against the proposition. The authority first studied the issue two decades ago. But officials are now convinced a state-of-the-art postcode scheme will benefit Hong Kong.

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Emirates Post offers money transfer

Posted by | May 21, 2002 | |

A new speedy and secure means of transferring money to anywhere through 70 post offices across the UAE has been set up. Emirates Post, and Western Union Financial Services Inc., entered into a tie-up and announced their International Money Transfer Service agreement yesterday.

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SmartMail Services Opens Miami SmartCenter to Serve Florida Clients

Posted by | May 20, 2002 | |

SmartMail, LLC, a leading provider of flat mail and light parcel shipping services, is using its work-share partnership with the U.S. Postal Service to expand its national presence, giving Florida businesses up to 17 percent discounts off of First Class postal rates and up to 5 percent discounts off of Priority rates.

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