USPS "exigent" rate rise may take months to decide, regulators warn
US regulators said today that any move by the US Postal Service to seek an “exigent” increase in postal rates could take months to review.
Read MoreYear: 2011
NAC launches "universal address" module for mail sorting systems
Canadian geocode developers NAC Geographic Products, Inc., has released a new software module to allow mail sorting systems to make use of its “universal address” post code.
Read MoreUK Mail first-half profits down as challenges grow in 2011 market
UK Mail Group has seen revenues increasing 5.7% but profits down 8% year-on-year in the six months up to the end of September.
Read MoreDeutsche Post ordered to raise prices in German mail unit
Deutsche Post has been ordered to raise postal rates within its low-budget business mail subsidiary First Mail within Germany.
Read MoreSameday courier firm CitySprint agrees largest acquisition yet
UK sameday courier company CitySprint is continuing its acquisition trail with plans to acquire the courier operations of London-based Lewis Day.
Read MoreSwiss Post eyes opportunity from Channel Island ecommerce
Swiss Post International is seeing a considerable business opportunity ahead with a “significant” number of UK internet retail distributors now considering relocating to Switzerland.
Read MoreUSPS to run out of cash in 2012, even without federal payments
The US Postal Service looks set to run out of cash by October 2012, even if it refuses to pay its $11.1bn government obligation to prefund future healthcare benefits for its retirees.
Read MoreUSPS records $5.6bn loss, thanks to deferred healthcare payment
The US Postal Service released its financial results today for the full 2011 fiscal year, reporting a $5.6bn loss for the 12 months up to the end of September.
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