USPS 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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Japan Post records 40% profit increase thanks to cutbacks
Japan Post Group has achieved a 40% year-on-year increase in its net profit in the six months up to September, thanks to extensive cuts in labour costs.
Read MorePostNord suffers "dramatic" drop in letter volumes in third quarter
Scandinavian postal operator PostNord has said its results for the third quarter of the year underline the need for “profound” changes in the organisation to respond to declining mail volumes.
Read MoreEcommerce inspires 70% profit boost in Deutsche Post third quarter
Deutsche Post lifted its forecast for the rest of 2011, after making a 70% increase in net profit in its latest quarter partly thanks to strong growth in parcel volumes.
Read MoreSlow retail activity hampers Swiss Post profits in third quarter
Swiss Post has reported a 3% decline in its profits for the third quarter of the year because of a decline in its over-the-counter business.
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