Australia Post Not Expecting Reforms To Affect Revenues
Australia Post sees no reason why postal reform legislation should cause a revenue slump
Read MoreTag: Australia
Saturday Morning Trial for Post Office
Australia Post is running a four-month trial of Saturday morning trading at the Neutral Bay Junction Post Shop on the corner of Military Rd and Barry St.
If it is successful, the extended times will become the standard operating hours.
The office is now opening on Saturday between 9.30am and 12.30pm and Australia Post says all normal services will operate.
Read MoreAustralian Postal Service to face late delivery fines
Australia Post and direct mail agents will be forced to compensate customers for late delivery and could face fines from a federal government-appointed ombudsmen if a new government initiative is approved. Communications minister Richard Alston has released the discussion paper, which outlines the role of the new office, which would be funded by the postal industry but administered by a separate board.
Read MoreToll takes $20m Mayne express to success
Toll Holdings shares are expected to rally today following the company’s acquisition of a stake in the Mayne logistics group.
Toll’s share price could bounce as much as 5 per cent as retail and institutional investors give the thumbs-up to the purchase of the Mayne Express freight company for $20 million.
Jason Smith, transport analyst with Solomon Smith Barney, told The Australian: “The stock is expected to open strongly as the company’s increased earnings are reflected in analysts’ upgrades.”
Read MorePublishers take issue with rising postal costs
Postal issues continue to be a headache for publishers the world over and price based reform is currently under review by operators in the UK, US and Australia.
In October representatives from the Periodical Publishers Association’s (PPA) postal committee urged the UK’s national postal operator, Royal Mail, to find an acceptable way forward on the size-based pricing issue which continues to threaten the country’s magazine industry.
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