Year: 2003

UPS accelerates flow of packages around the US

As part of a continuing effort to improve customer service, UPS has completed a major upgrade of its U.S. ground distribution network, reducing the time it takes for hundreds of thousands of packages to arrive at their destination every day.

The changes, implemented over the past four months, amount to the largest time-in-transit improvement effort since 1998 when UPS became the first carrier to offer money-back guarantees on its ground service. Each modification has slashed a full day off the previous guaranteed delivery time without any change in customer rates or pick-up and delivery hours.

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Escher Group plans joint venture in the UK

Postal counter automation software vendor Escher Group plans to set up a joint venture in the UK with a leading Japanese IT vendor to address what they think is a huge opportunity in “topping up” pre-paid mobile phones.

According to Escher CEO Michael Murphy, the joint venture, which is expected to get off the ground towards the end of Q1, will leverage Escher’s flagship WebRiposte software.

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Korea Postal service wants stocks

Korea Post, the nations government run postal service, wants to be allowed to invest 5.5 trillion won ($4.8 billion) in Koreas stock markets beginning next year. The post office and its affiliated savings and insurance programs have total assets of about 50 trillion won. The agency said it expected no major opposition to the plan in the Assembly, which must approve it, and has gained the assent of other ministries for the proposal.
Until now, the postal agency has been allowed to buy stocks issued by the government or those of companies at least 50% owned by the government.

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An Post to sell mobile top-up operations

An Post is to sell off its mobile-phone top-up operations in the UK and Spain in deals that are expected to raise up to €40m.

The troubled semi-state company is also set to dispose of a number of smaller subsidiaries in an attempt to raise much-needed cash and to focus the company’s management on core activities.

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Japan LDP to set up panel to study postal services privatization

The ruling Liberal Democratic Party (LDP) will set up a special committee to discuss the privatization of Japan’s postal services, the LDP’s policy chief indicated.

LDP Policy Research Council Chairman Fukushiro Nukaga made the statement about his party’s plans during a Japan Broadcasting Corp.’s discussion program with counterparts from the ruling and opposition camps.

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Irish An Post to stop collecting tv licences

An Post is to stop collecting tv licence fees on behalf of RTE within two years, according to a report.

The business is worth more than €10m a year to the postal agency.
It is to start phasing it out next year and will have fully shed the role by 2005, the Irish Independent reports, quoting unnamed sources.

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GATS opens hub in Dubai

GATS (Global Alliance of Transportation Systems) is pleased to announce the
opening of its third mail transfer Hub at Dubai, in the United Arab Emirates.

The establishment of the Hub, which will operate under a Business Service Agreement between Emirates Post and GATS, concludes a successful trial period which commenced during 2002. The Dubai Hub is excellently located to serve all of its neighbouring countries, and provides its postal partners with an important transit hub to and from Europe and the Far East.

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Polish express market

While other economic sectors have struggled in the midst of slackening economic growth across Europe, courier services have remained largely unscathed. Although the market is no longer growing at the breakneck pace of 150% a year, as was the case in the late 1990s, it still saw an increase in both the volume and the value of deliveries in 2002.

Of the 51 companies active on the local market, 25 are recent arrivals which registered last year. Despite the increasingly crowded market, all the major operators saw their revenues grow from 20% (Servisco) to 50% (Masterlink).

The exception was Poczta Polska.

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