An undisclosed settlement has been agreed between Tibbett & Britten and Mothercare over the performance of the formers Daventry warehouse which left some Mothercare stores without crucial product lines over Christmas.
Read MorePosts minister Toranosuke Katayama said Sunday the government will overcome opposition from some ruling Liberal Democratic Party (LDP) lawmakers and submit to the Diet by the end of April two bills aimed at opening up mail services to the private sector in 2003.
“LDP members always hold heated debates but they will unite in the end,” said Katayama, minister of public management, home affairs, posts and telecommunications.
In an interview with Handelsblatt, the logistics chief of United Parcel Service (UPS) outlined the U.S. giant’s plans to expand its logistics business in Europe.
“We’re aiming for 30% annual growth in the sales revenue of UPS Logistics Group for 2002 and the subsequent years,” said Joseph Pyne, the member of the UPS board with responsibility for UPS LG.
Read MorePOST Office owner Consignia is threatening to take legal action unless the regulator, Postcomm, agrees to slow the introduction of competition and allow a 1p increase for first and second-class mail deliveries.
And chairman Allan Leighton warned this weekend that he will demand yearly postal increases of 2p or even 3p if this growing competition hits Consignia profits.
Opening up to competition at the speed required by Postcomm would cost Consignia £750m between now and 2006, he told Financial Mail.
THE PRICE of a first-class stamp will have to rise by up to 3p a year if the postal regulator presses ahead with “fast-track” plans to open the market to competition, Consignia warned yesterday.
In its formal response to Postcomm’s proposals, the state-owned postal service called for an immediate 1p rise in first and second class letter prices and a much more gradual introduction of competition.
NOTHING VENTURED, nothing gained. Consignia is pushing its luck in asking the postal regulator to allow it to raise postage prices immediately and hang on longer to its letter monopoly at the same time. Just to put the icing on the cake, it slipped out an increase in special delivery and parcel prices yesterday.
The Royal Mail needs a price increase, not because the universal service is about to collapse but because of its own rank inefficiency. By its own admission, costs are pounds 1.2bn too high. Its answer is to make the customer pay more. This would be cheeky at the best of times but it is quite breathtaking when the Royal Mail is failing to meet its target for next day delivery of first-class letters.
Postcomm ought really to send the posties away with a flea in their ear. Unfortunately, Allan Leighton, the Asda boss turned Consignia chairman, has done a sufficiently good job putting the wind up ministers with his dire warnings about what would happen to the one-price-goes-anywhere service that the regulator will probably relent.
Read MoreConsignia warned of stamp prices spiralling out of control as it repeated demands to increase the cost of a first-class stamp from 27p to 28p.
The Royal Mail operator said yesterday that it had no choice but to ask the regulator for an immediate increase to cope with the threat of new competition in the letters market.
But in its formal response to the regulator’s competition proposals, Consignia warned that this rise might not be enough to stave off a financial crisis caused by the ending of its monopoly.
Courier Company TNT Express Worldwide s.r.o., Bratislava, (TNT) grossed SKK 4.8 million last year. “The company’s turnover in mail service soared by 92 percent to SKK 123 million over the year. The original plan counted on 60-percent turnover growth,” finance director of company Katarina Baginova told SITA.
TNT is the third largest courier company in Slovakia in the sector of express distribution, logistics as well as providing mail services. It employs 78 people and runs 34 motor vehicles. Among its largest clients are Volkswagen, Molex, Honeywell and Sony.
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