Year: 2003

Sweden Post To Begin Operations In Australia

Sweden’s Posten AB intends to take up business operations on the Australian letter market in conjunction with the UPS subsidiary Mailboxes Etc. (MBE). Last week saw the announcement of a co-operation between Direct Link, a subsidiary specialising in international mail, and MBE.

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USPS eases rule for non-profit fund raising associated press

USPS has announced a rule change to permit non-profit organizations to have professional fund-raisers handle their mailings.

Use of the lower postage rates allowed for non-profit groups had been limited to mail sent by those organizations themselves.

Under the change, effective Nov. 13, professional fund-raising businesses will be allowed to mail at the lower rates when they are sending mail for qualified charities.

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Astar COO: no DHL influence here

An Astar Air Cargo executive told a Department of Transportation hearing that DHL Worldwide Express has no influence over its operations. Gary Hammes, who took over as chief operating officer of Astar Air Cargo, formerly DHL Airways, just six weeks ago, testified that while DHL pays to maintain Astar’s fleet and contributes 90% of revenues, it does not interfere in day-to-day operations.

The hearing in Washington came as part of the ongoing investigation into whether Astar’s ownership skirts U.S. law. FedEx Corp. and United Parcel Service have charged that DHL Worldwide of Brussels and parent Deutsche Post Word Net, the German postal and logistics giant, illegally control American-owned Astar.

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Argentina's postal service gets reprieve from judge

Argentina’s postal service, one of the emblematic big privatizations of the 1990s, convinced an appeals court to give it more time to reach agreement with its creditors to restructure $300 million in debts.

Meanwhile, the Argentine government – which is the firm’s largest single creditor – made it plain that it sees a new tender for the concession as the definitive solution.

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Australia Post earns $330m

There are fewer letters and parcels in the mail, but Australia Post still managed to lift its net profit 11.4% in 2002-03.

Despite total mail volume waning almost 20 million items to 5.26 billion, the profit came in at $330.8 million.

The Federal Government-owned Australia Post also provided $304.3 million in dividends to the Government, up from $291.8 million.

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