Courier companies are worried over the impact of the proposed Indian Post Office (Amendment) Bill, 2002, on their business prospects. The proposed amendments, they fear, will monopolize express delivery of letters and documents with the Department of Posts, hitting their business.
Read MoreFederal Express Corporation of the US has signed an operational agreement with Prakash Airfreight Pvt Ltd following Blue Dart’s recent alliance with DHL Worldwide Express. The agreement to cooperate in India becomes effective from October 1, when Federal Express’ prior contract with Blue Dart expires.
Read MoreJapan’s ordinary mail services remained in the black in fiscal 2001 for the second consecutive year with revenues topping expenses by 10.7 billion yen, an increase of 6.6 billion yen from the previous year, the postal ministry said Friday.
Read MoreDrop off services will be provided at local post offices in Singapore under a tie-up between Singapore Post and FedEx Express. The tie-up was initiated in view of growing demand for express courier service from small- and mid-sized companies in the republic.
Read MoreThe government has decided on 14 members of a preparatory committee to set up a public corporation to take over state-run postal services, the posts minister said Thursday. Public Management, Home Affairs, Posts and Telecommunications Minister Toranosuke Katayama said he will officially appoint the 14 members Friday.
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