Year: 2003

Stamp price increase curbed by regulator

Posted by | Jun 14, 2003 | |

AN POST cannot rely on price increases to bolster its financial position intimes of difficult market conditions, the Commission for Communications Regulation said yesterday.

Responding to an application from the postal service for a 7c price increase in the price of a domestic stamp, the regulator said a price increase to help the company return to profitability was “not the full solution” and that An Post would have to increase the volumeof mail delivered while also cutting costs.

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Public comment on stamp costs sought

Posted by | Jun 14, 2003 | |

An Post’s proposals for stamp price increases have been published and opened to public comment by the Commission for Communications Regulation (ComReg).

The application made by An Post to ComReg includes an increase in stamp prices from 41c to 48c. It is understood that this price increase, coupled with other proposed price rises, will result in an increase of 5 per cent of An Post’s turnover.

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Computerworld ranks UPS among best places to work in technology

Posted by | Jun 13, 2003 | |

In a significant jump from the previous year, UPS has been ranked No. 20 on the 2003 list of “Best Places to Work in IT” by Computerworld magazine.

The ranking, up from No. 60 in 2002, cited UPS for increased employee satisfaction, proper training and development and the use of modern technologies that offer employees exciting challenges. The magazine published the results in its June 9 issue.

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TNT Latvia Delivery Co plans 2003 sales up by 36%

Posted by | Jun 13, 2003 | |

TNT Latvia courier service and logistics company expects its annual turnover in 2003 to reach two million euros at a 36 percent growth from 2002.

TNT Latvia director Martins Gerkens told the press upon continued successful growth company’s financial results this year could be even better.

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Postcomm treads the access price tightrope

Posted by | Jun 13, 2003 | |

In trying to liberalise the postal services market, Postcomm faces the prospect of a legal challenge by Royal Mail over the access price. The timetable may slip if it fails to set a mutually acceptable benchmark. David Reed reports

Has the starting gun for the race to open up the postal services market injured one of the runners? Or is it just a false start? As clients await the chance to send direct mailshots at a lower cost, postal services licence holders may have to wait for the outcome of legal action to find out if the race is even on.

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Japan Post May Dent Banks' Mutual-Fund Business: Taking Stock

Posted by | Jun 13, 2003 | |

Japanese banks face a rival in the mutual-fund business, less than five years after the government let them sell funds. The newcomer: Japan Post, the state-owned postal agency that holds a sixth of the nation’s 1,400 trillion yen (USD11.9 trillion) in personal savings.

Banks and brokerages may lose business when Japan Post starts selling funds, as it expects to do by March. The government, which must gain lawmakers’ backing for the move, is counting on postal savers to shift money into funds, boosting a stock market that reached a 20-year low in April.

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UK Royal Mail demands ACAS disputes body

Posted by | Jun 13, 2003 | |

Royal Mail chairman Allan Leighton is calling for an ACAS-style arbitration service to settle disputes between the postal operator and watchdog Postcomm. At the moment they can only be settled through a Judicial Review.

Leighton, who was due to appear before a House of Lords’ Select Committee hearing this week, but failed to show up, is already threatening to take Postcomm to court over final access pricing (PM last week).

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UK Post Office invests in promotion

Posted by | Jun 13, 2003 | |

The Post Office is to invest up to pounds 10 million promoting its outlets as the hub of the community to stem a predicted decline in customers. The ad campaign is being developed by Publicis and Joshua.

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