Austrian Post will spend another EUR 100m this year on its infrastructure, including new automation and sorting technologies as it seeks to continue cutting costs and raising efficiency.
Read MoreThe US Postal Service signaled its intent to default on another multi-billion dollar payment to the federal government this September, as it recorded a $1.87bn loss in its latest quarter.
Read MoreFinland’s national postal operator Itella Group is to merge its post and logistics businesses as part of its cost-cutting plans.
Read MoreCanada Post Group made a $58m pre-tax loss last year, according to the company’s latest annual report, out yesterday.
Read MoreMoving from six to five days of delivery per week has helped profits surge at the Dutch postal service, PostNL.
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