Fuel prices are latest threat to USPS bottom line
USPS, already facing a $6bn budget deficit for this fiscal year, could find itself in an even deeper hole if fuel prices continue to rise, postal officials told Congress on 20 May.
Read MoreYear: 2009
Israelsen to leave post
Europe’s longest serving chief executive of a postal service, Helge Israelsen, has announced he will step aside after 21 years at Post Danmark.
Read MoreFedEx Kinko’s quits UK market
FedEx Kinko’s has exited the UK market with the sale of its five UK sites to Printing Investments, which trades as The Color Company, for an undisclosed sum, reports printweek.com
Read MoreTNT in talks with Holtzbrinck
TNT said on 19 May it was in talks with the German publishing house Georg von Holtzbrinck about forming a possible distribution partnership.
Read MoreUSPS appointments for Gilligan and Masse
Postmaster general Jack Potter has announced the appointments of two new officers to senior USPS positions.
Read MoreAustrian Post reveal Q1 loss
Austrian Post has seen their total revenue for Q1 of 2009 drop by 2.4% (€14.7m) from the same period last year, to €595.2m
Read MoreEconomy has not hit bottom, says Postmaster General
US Postmaster general John Potter said the slumping economy that’s curbing mail volume and extending losses at his agency hasn’t hit bottom.
Read MoreHarperCollins awards new business to DHL
It is estimated that DHL will dispatch approximately two million kilograms of mail and books a year
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