A group of ruling Liberal Democratic Party (LDP) lawmakers concerned with postal issues decided Tuesday it will oppose the possible taxation of a new public corporation slated to take over the state-run postal services, LDP officials said.
Read MoreTraffic minister Flemming Hansen supports the listing of Post Denmark on the Copenhagen Stock Exchange, but the CEO maintains the postal service is too small, according to the business daily Borsen. Under existing law, up to 25% of Post Denmark shares can be sold.
Read MoreShares in Luxembourg-based logistics group Thiel Logistik AG dived 30 percent and struck a historic low on Monday as investors fretted about its management amid jitters about recent market scandals. Market players attributed the fall to concern about the quality of the firm and its management, and said the fall had been exacerbated by the flavour of the market.
Read MoreIn its first year, the Universal Postal Union’s Quality of Service Fund (QSF)
collected more than 14 million USD and approved a total of 27 projects in favour
of developing countries. Mr. Edouard Dayan, Director of European and
International Affairs with La Poste (France) and Chairman of the Board of Trustees, described the QSF start-up as “very promising”.
The 27 projects approved cover fields as diverse as reorganizing offices of
exchange, streamlining mail collection and distribution networks, putting in place track-and-trace systems for international mail and preparing mail quality
development plans.
Deutsche Post AG, the German postal service operator, is believed to be planning acquisitions in North and South America. It is thought to be planning to expand Danzas and DHL, its subsidiaries, by targeted acquisitions, and has put aside around 150m euros to invest in these businesses.
Read MorePostal workers are threatening a wave of 24-hour national strikes unless Consignia gives in to their demands on new delivery times.
The Communication Workers Union has given Consignia, which runs the Royal Mail, until the end of today to respond to its request that the operator should test several new delivery structures.
Post Office Ltd recently announced it had reached agreement with the Government which will enable customers to continue collecting their benefit payments in cash at Post Office branches after the switch to automated credit transfer (ACT) from April 2003.
Customers will be able to continue using Post Office branches to collect their benefit payments in cash after the switch to ACT through an existing bank account, as some people already choose to do, or through a basic bank account or a card account available at the Post Office. Real-time banking transactions will be supported by IBM technology.
THE British post office Consignia has seen its expensively acquired European parcel network ranked bottom in a customer survey against its top six rivals.
Independent market analysts Datamonitor, in a survey of 650 leading manufacturers and retailers, rated Consignia&’s General Logistics Systems seventh for overall performance.
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