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Consignia blames strikes for poor record on first-class deliveries of mail

Jeremy Cope, group managing director for mail services at Consignia,
the state-owned company that runs Royal Mail, said last Friday the
number of first-class letters delivered the following day fell to
just 86.5% in the three months to June 30. Cope said the performance was unacceptable, but blamed it on railway
problems in April and May, and an unofficial dispute that involved
tens of thousands of workers

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Global Posts Launch Venture Capital Operations

Three of Europe’s largest national postal services are stepping up their venture capital activities as they jostle to retain a leading role in a once plodding old industry. ‘New technologies are creating new business opportunities,’ says Martin Vial, chairman of France’s state-owned postal monopoly, La Poste. ‘If we don’t take part in this business, someone else will.’
Germany’s Deutsche Post AG, privatized last year and listed on the Frankfurt stock market, has already established its own 50 million euro corporate venture capital fund, Deutsche Post Ventures.
And the Netherland’s TPG — formerly known as TNT Post Group — which is also now a publicly traded company, last month committed 100 million euros to a corporate venture fund called LogiSpring, aimed at backing young technology companies in the logistics sector.

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