National postal service provider Pos Malaysia & Services Holdings Bhd aims to raise its market share in the domestic courier business to 40 pct, from 30 pct currently, in the next two years, acting chief executive officer S M Alawdin Sulaiman said.
Read MoreThe Commission for Communications Regulation (ComReg) has agreed in principle to allow An Post to increase the price of a stamp by seven cent to 48 cents.
But in a decision published yesterday the regulator deferred a final ruling until An Post sets up a discount scheme to help small firms with the cost of postage. This final ruling is now due after August 15th and should open the way for price increases on a range of postal services from the end of this month.
The increases will be worth E18 million a year to An Post, which last week published its biggest annual losses of E70.5 million. An Post welcomed the ruling last night, which it described as the first major increase in Irish postal prices since 1991.
Postwatch, the consumer postal watchdog funded by the Royal Mail, spent more than pounds 414,000 on networking and travel last year – over pounds 8,000 per member of staff. The watchdog, whose lavish spending has angered the lossmaking mail delivery firm, also spent a further pounds 167,000 on furniture, according to its annual report. Royal Mail paid pounds 10m towards the watchdog last year. Postwatch was set up as a successor to POUNC, the Post Office Users Council, which cost just pounds 800,000 a year.
Read MoreTough new targets for more collection and recycling of direct (“junk”) mail were agreed today in an initiative that should also cut the amount of direct mail delivered to British homes. Government and industry have signed an historic agreement after many months of negotiation to increase the amount of junk mail that is recycled. Nearly 550,000 tonnes of paper are used in direct mail and promotions every year in the form of direct mail, door-to-door advertising material and newspaper inserts. As a result of discussions with the Direct Marketing Association (DMA), the paper and printing industries, the Royal Mail and local authorities, the Government and the DMA have signed an agreement that sets rising recycling targets.
Read MoreTPG, the Dutch postal group, yesterday replaced the head of its logistics business and announced restructuring costs, write-downs and impairment charges as it moved to improve the unit’s stuttering performance. David Kulik replaces Roberto Rossi as unit chief. The company also trimmed guidance for full-year net income growth to about 5 per cent, excluding pension payments and at constant exchange rates, from 5-10 per cent, reflecting continued “sluggish” economic conditions.
Read MoreTNT Express on track but logistics profits halve
Read MoreExpress parcels group GeoPost UK, Interlink Express and Parceline’s parent company, has won the prestigious Royal Society for the Prevention of Accidents (RoSPA) Occupational Health & Safety Award for 2003. The company received the SILVER award at a special ceremony held at the Hilton Metropole Hotel, Birmingham recently. The award recognises the company’s achievement in raising health and safety standards, and improving performance across its vast 134-depot nationwide network.
Read MoreFedEx Corp has targeted expansion into 100 more Chinese towns and cities within five years reported FedEx’s domestic general manager.
Zhong Guoyi said inland cities would be included in the company’s Chinese logistics web, with each one being incorporated into the company’s global air cargo network.
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