The State’s post offices are technically insolvent and will quickly
become bankrupt without a change in the way they are funded, a new
report says. Published yesterday by the Minister for Public Enterprise, Ms
O’Rourke, the report says the ‘only real option’ for financing An
Post’s losses is for the State to pay a subvention to the company
The Direct Marketing Association (The DMA)announced today its support of Chairman Dan Burton’s (R-IN) House Government Reform Committee hearing to review the finances and operations of the United States Postal Service (USPS). This hearing is the first step from the new 107th Congress toward, what is hoped will be, a bi-partisan effort in reforming the 31-year-old law that has put a financial straitjacket on the USPS’s ability to compete and survive.
Read MoreGERMANY: PUBLISHER TO INVEST IN MAIL DELIVERY.
Read MoreUSPS mulling end of Saturday deliveries
Read MoreThe Peruvian subsidiary of DHL expects a US$20mil turnover in 2000, as it
penetrated market niches that allow a 175 growth on sales, compared with
2000.
On the eve of a House Government Reform Committee hearing on Postal Service performance, executives of three airfreight carriers announced that their companies will step up opposition to an unprecedented agreement between the U.S. Postal Service and Federal Express.
Read MoreApril 3, 2001 — TNT Post Group NV said its unit PTT Post, which runs the Dutch postal service, will open 300 postal service centres or “Business Points” for corporate customers. The move looks to offset the PTT’s plans to close some post offices and transfer services to supermarkets and shopping centres. While retail settings will better serve consumers, business clients have expressed a preference for the local service points, TPG said.
Read MoreAllan Leighton has been appointed to the new post office company, Consignia Holdings Plc, as one of five non-executive directors, with effect from Monday 2nd April 2001
Read More
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