Deutsche Post will not take a stake or majority in Austrian Post AG as planned. Speculations regarding an interest by the Deutsche Post to acquire the British logistics company Exel, are considered by analysts as unrealistic. “It is very unlikely”, said Raymond Maguire at UBS Warburg in London, explaining that the Deutsche Post does not have enough money to finance such an expensive takeover.
Read MoreThe U.S. Postal Service is withdrawing a notice in the Federal Register because its wording suggests that a plan to identify senders of bulk mail is the first step to identifying the senders of all mail. Stephen M. Kearney, vice president of pricing and classification for the Postal Service, said the notice “has caused misunderstanding in some quarters. Sender-Identified Mail: Enhanced Requirement for Discount Rate Mailings, a notice intended to clarify business customer information, will be reissued,” Mr. Kearney said in a statement.
Read MorePostwatch welcomes the regulators decision to relax its licences to allow the
companies concerned to provide additional services to strike hit customers.
However Postwatch believes this will only provide limited assistance to a few
customers. Therefore Postwatch regard this as an initial step to be quickly followed by a recommendation to the Secretary of State that she use her statutory powers to suspend the licensing regime
Deutsche Post World Net have began exclusive negotiations with Deutsche Bank and Morgan Stanley in regard to a mandate as global co-ordinators for the planned Postbank IPO. The chairmen of the management boards of Deutsche Post and Postbank, Dr Klaus Zumwinkel and Prof. Dr Wulf von Schimmelmann, had announced the institute’s plans for going public on 29 September.
Read MoreIn a bid to recover the huge amounts being owed it, the Nigerian Postal Service has set up a debt recovery committee to help them recover over N4.5 million owed by customers in Akwa Ibom State.
Disclosing this in Uyo recently, the Territorial Manager of NIPOST, Mr. Anthony Eromo-sele, said that the huge debt portfolio has made it difficult for NIPOST to effectively discharge its functions.
He further added that of N4.5 million owed to NIPOST, N2.5 million was owed by the state government parastatals and ministries while the balance of N2 million is owed by federal parastatals, local governments, secondary schools and members of the public.
Read MoreUnofficial mail strikes have spread around England, with ministers refusing to rule out intervention if the strikes escalated.
Two-thirds of London’s 28,000 postal workers again stayed at home and wildcat industrial action erupted at Royal Mail offices in Milton Keynes, Coventry, Preston and Portsmouth.
The strike started in west London, triggered by the suspension of a van driver, but has since spread across London and the south-east.
Read MoreNorwegian postal services company Posten Norge AS has said that it would increase the postage rates for both letters and parcels beginning 1 January 2004.
The postage rate for domestic letters would increase from NOK5.50 to NOK6.00.
Read MoreLicensed postal operators other than Royal Mail will be able to carry any mail they wish from 31 October, following a determination on that day by Postcomm. The determination is in response to escalating unofficial strike action in London and some surrounding areas. The determination will enable four long-term licence holders to provide unrestricted mail services to any customer and one interim licence holder to provide a wider range of services to existing customers. Under normal circumstances, competitors of Royal Mail are limited by their licences to providing relatively large bulk mail services for business customers. Today’s determination removes these restrictions for a period. Holders of long-term licences are Hays Commercial Services Ltd, TPG Post (UK) Ltd, UK Mail Ltd and Express Ltd. The interim licence holder concerned is TNT UK Ltd.
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