Royal Mail has warned that it may shortly be forced to raise the price of postage to help plug the pounds 4.6bn hole in its pension fund. The revelation comes just seven weeks after the state-owned mail company increased the price of first- and second-class stamps by a penny. It is understood that Royal Mail is considering a further 1p rise – which would generate pounds 170m a year – to shore up its pension fund, which has 400,000 members.
Read MoreThe Scottish Parliament has scrapped controversial plans to privatise its internal postal system after an outcry from MSPs. The service, which is currently operated by the Royal Mail, is instead to be taken over by the parliament itself. The existing Royal Mail employees working at the parliament will be offered the chance to stay on and become part of the parliament’s own staff. There were widespread protests earlier this year when it was claimed an English firm, Business Post, based in Slough, was poised to win the GBP 1 million contract to deliver MSPs’ mail.
Read MoreThe Royal Mail plans to kick off a pilot program to provide Internet access through kiosks at post office branches. The pilots will be launched in partnership with Internet café chain easyInternetcafe in the next two months at some unspecified post offices. A Royal Mail spokeswoman said the Internet pilots would last a year. The pilots are designed to assess the demand for Internet access service at the post office. Depending on the response, the post will expand the Internet access service. It has yet to decide on the number of post offices where it’ll offer the pilots or the pricing during the trial. “We’re still working out the finer details,” a spokesman said.
Read MoreContrasting fortunes for Exel, TDG
Read MoreAmerican express service firm FedEx may establish an international air transport center in Chu Lai Open Economic Zone in the central province of Quang Nam (Vietnam). Speaking at a conference held in HCMC yesterday to announce the Government’s decision on establishment of the country’s first such zone, the provincial government said it would work with FedEx over the project soon.”I have met FedEx representatives and found that the corporation has shown keen interest in building such a center for Asia,” provincial Chairman Nguyen Xuan Phuc told the conference.
Read MoreTNT Express, the leading business to business express carrier has today announced a partnership agreement with Baghdad’s largest courier company IKE Express to provide door to door delivery services to and from Iraq. TNT Express is the first international express company to link up with an Iraqi national operator since the lifting of UN sanctions and the partnership will provide more reliable services for customers in the region.
A new daily TNT Express road service from across the border in Amman, Jordan is now carrying documents, parcels and air freight into Baghdad with operations expected to extend to Basra as well as other Iraqi cities in the next few months. All delivery drivers engaged in the partnership with IKE Express wear TNT Express uniforms and vehicles carry TNT livery with all operations being controlled by the TNT Express global link computer system.
Read MoreBusiness Post Annual Report 03
year ending 31/3/03
The Board of An Post has appointed Mr Donal Curtin to be the new chief executive of An Post. He will take up his position on July 14 upon the retirement of Mr John Hynes. Mr Curtin has had a distinguished career at senior management and operational level in the ESB where he held the position of Commercial Director as well as several high level posts in its subsidiary ESB International (ESBI).
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