Christian Salvesen cautions on profits
Christian Salvesen cautions on profits
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Danzas' Intercontinental and logistics arms record double-digit growth
Danzas, the forwarding and logistics major owned by Deutsche Post, reported double-digit growth in 2001 at Danzas AEI Intercontinental, its ocean and air freight forwarding arm, and Danzas Solutions, its integrated logistics services business unit.
Read MoreUSPS' 2Q Loss Was $303 Million
The U.S. Postal Service had a second-quarter net loss of $303 million, $123 million greater than planned, USPS chief financial officer and executive vice president Richard J. Strasser Jr. told the agency’s Board of Governors at its monthly meeting yesterday. Strasser also said the USPS expects continuing loss in volume during the third quarter, which ends May 22. He said the USPS could lose as much as $800 million in the third quarter if the economy fails to improve enough to increase mail volume. The postal service’s second quarter was from Dec. 1 to Feb. 22.
Read MoreUSPS Rate Increase Will Generate $4.16 Billion
The U.S. Postal Service’s Board of Governors yesterday accepted the Postal Rate Commission’s recommendation to increase postal rates an average of 7.7 percent on June 30. The increase will generate $4.16 billion in additional revenue for the USPS. Regular Standard Mail rates would increase an average of 7.8 percent; Nonprofit Standard, 6.6 percent; Commercial Enhanced Carrier Route Standard Mail, 6.2 percent; and Nonprofit Enhanced Carrier Route Standard Mail, 6.5 percent.
Read MoreKoizumi gives up on lifting legal ban on post privatization
Prime Minister Junichiro Koizumi has given up on eliminating a legal clause banning the privatization of the new public corporation slated to take over the government-run postal services in 2003, posts minister Toranosuke Katayama said Tuesday.
Koizumi, a strong advocate of the privatization of postal services, recently informed the ministry that he now feels “it doesn’t matter if the clause exists or not,” Katayama said.
The law was passed by the Diet in June 1998 to reorganize the then 22 national government offices into 13 entities.
Costello objects to An Post Fianna Fáil ad
LEGAL action was yesterday taken against An Post to stop them stamping post with the Fianna Fáil logo.
Labour Senator Joe Costello served the postal company with a summons and threatened to seek a court injunction next week if it does not stop putting the FF logo and election slogan on his post.
The postal company was criticised last month for allowing Fianna Fáil exclusive use of its mail-franking service. It means that all mail posted in the State which goes through automated post centres – about 70% of all letters and packages – carries the party name, logo and slogan. The novel approach to grabbing the voters’ attention costs Fianna Fáil €9,500 a month and is booked for March, April and May.
3,000 urban post offices face closure
Post Office managers will today receive details of a government-backed restructuring plan which is expected to result in the closure of up to 3,000 urban branches.
The cuts, equivalent to one third of the urban network, will be accompanied by a Pounds 200m rescue package from the Treasury designed to compensate the owners of sub-post offices and limit the impact on rural areas.
There are more than 18,000 sub-post offices run by independent managers through a franchise arrangement with Consignia, the renamed Royal Mail group.
Cranleigh Freight Services Company Profile
Cranleigh Freight Services celebrates its 25th birthday this year and is “proud to have got where it is, ” says MD Julie Phillips.
Justifiably so, for the company is not just surviving, but thriving. Turnover leapt from £8m (€13m) to £12m (€19m) last year, led by home delivery, which now accounts for 35% of business, and international contracts.
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