MILITANT Post Office workers were yesterday warned they could face at least 100,000 job losses and privatisation of mail deliveries in Glasgow and Edinburgh if they refuse to improve their industrial relations record. The new postal watchdog predicted that both postal staff and management were “running out of time” to end the lengthy series of stoppages, and said they appeared “simply incapable of change”.
Read MoreHONGKONG Post has threatened a postage increase after its United Kingdom counterpart allegedly exploited a loophole to set up a delivery company in the SAR, causing it to lose $9 million in the first three months of the year. Incoming mail from the UK plummeted 36 per cent in the period compared with that of last year, Hongkong Post said. It attributed the drop to a new practice – established in October – under which mail from the UK is brought in by the company and selectively delivered to major business areas and densely populated areas
Read MoreKLM Royal Dutch Airlines reported operating income of EUR 277 million for the fiscal year ending on March 31, 2001, almost three times as much as the EUR 95 million it posted in previous year.
Read MoreLured by the huge potential market of China, foreign and domestic delivery companies have been racing to get a bigger bite of the growing pie. UPS started direct flights to China in April, 12 years after it began operations in the country, becoming the second US express carrier after Federal Express (FedEx) to operate direct flights. UPS will operate six Boeing 747 flights a week between the two countries. The company served the China market through Hong Kong in co-operation with Sinotrans, its China-based partner, before being granted direct air rights by the US government in January. Grabbing about 5% of China’s express delivery market, UPS posted a 45% growth in 2000 over the previous year in its China business.
Read MoreAccording to industry rumours, the Brussels based global company ABX Logistics International Group is thinking of selling its current parcel post activities to the Belgian Post of to General Parcel, which is two-third owned by the British Post.
Read MoreMay 2001 – Consignia purchased 25.1% of the General Parcel agent in the Czech Republic from its German owner. The consideration was reported to be £1m.
Read MoreEuropean Court of Justice, ruling in appeal by Poste Italiane against TNT Traco unit of TNT Post Group (Netherlands), finds a state postal service has the right to collect fees from an express-mail company delivering mail in the state service’s territory (S)
WALL STREET JOURNAL, 18th May 2001
THE Red Star rail-based express parcel delivery firm is to close with the loss of 260 jobs.
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