An Post has moved to distance itself from charges being levied on people receiving air-mail parcels from the United States. The company has received hundreds of complaints about the charges and a spokeswoman said it “expected hundreds more” in the weeks after Christmas. She stressed An Post was no longer responsible for the delivery of air-mail parcels from the US and this service had been taken over by a private contractor. The contractor, General Logistics Systems, Ireland (GLS), is a Dublin-based subsidiary of the Royal Mail in Britain. The United States Postal Service (USPS) signed an agreement with Royal Mail over a year ago to deliver air-mail packages from the US to 23 countries in Europe.Read More
Royal Mail’s regulated compensation scheme for items delayed in the post comes fully into force from January 1 04. The company has already implemented most of the new arrangements (from October 6 2003) in line with regulator Postcomm’s determination. Royal Mail is one of the few postal companies in the world to pay compensation for delay to mail.Read More
Effective January 1, 2004, Uwe Doerken will become Executive Chairman of DHL USA. He takes over from Carl Donaway, who has held this position since the merger of Airborne with DHL this summer.
Carl Donaway will be leaving the company in early 2004 to pursue other business opportunities. Mr. Donaway led the Airborne organization through many years of successful development in the US market, culminating in a historic merger announcement this summer.Read More
FDX announced its intention to purchase Kinko’s for $2.4 billion in cash
from Clayton, Dubilier & Rice. The deal is expected to close in C1Q:04.
Comments from Bear Stearns
Comment from Barry Hansen: Paul, something else for Deutsche Post to ponder. Airborne is in with Office Max, but I don’t see that as a great fit. People do not go there to do office type work, but to buy office type supplies. Barry
Postal Authority director-general Yossi Shelley trimmed manpower slots by 230 positions (including seven or eight highly paid executives), slashed overseas travel, cut back phone expenses, dispatched superfluous secretaries from executive offices to post-office teller courses – and survived.
Union heads threatened, senior officials complained to the communications minister and workers went out on sanctions, but Shelley got his way.
“There is still fat, as in any other government body,” he conceded.Read More
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