Tag: Mail Services

Concern at increase in UK Postwatch spending

Posted by | Jan 4, 2005 | |

Royal Mail is understood to be concerned at the rising expenditure at Postwatch, the consumer group. Accounts for Postwatch in the last financial year showed that Pounds 4 million was spent on staff costs; Pounds 1.7 million on council and secretarial expenses; Pounds 430,000 on networking, travel and subsistence; and Pounds 564,000 on office costs. Staff costs have risen from Pounds 2.7 million and the cost of “other administration” has jumped from Pounds 5.5 million to Pounds 6.2 million. Postwatch has also taken out leases of Pounds 1.65 million to cover the cost of IT and property, and has a deficit of Pounds 261,000. Royal Mail provides more than Pounds 10 million funding a year to Postwatch, but relations between the two have become acrimonious.

Read More

German cartel office clears Deutsche Post buy of some KarstadtQuelle logistics

Posted by | Jan 4, 2005 | |

The German cartel office has approved Deutsche Post World Net AG’s takeover of part of troubled retailer KarstadtQuelle’s logistics operations, according to cartel office spokeswoman Anja Scheidgen. She said the clearance applies only to ‘internal warehouse logistics operations that supply individual stores.’ She said Deutsche Post has not filed for cartel office approval to take over the other parts of KarstadtQuelle’s logistics operations.

Read More

German government shifts Deutsche Post shares to federal bank

Posted by | Jan 3, 2005 | |

The German government is to reduce its stake in mail carrier Deutsche Post to 8 per cent in a transaction that gives a federal bank, KfW, 48.5 per cent of the stockmarket-listed logistics group. KfW confirmed Monday the sale would go through this month. Berlin had been widely expected to force-march the privatization of the former post office since it needs to reduce net public borrowing. Originally set up as a post-war reconstruction fund, KfW is regularly used by the government as a halfway house in privatizations, as it can wait till prices improve before passing the shares on to private buyers. Its assets do not count as state-owned. A spokeswoman at KfW confirmed the price to be paid in this month’s transaction would be 1.7 billion euros. At present KfW owns 36.5 per cent of Post, which has absorbed the DHL courier group into its overall brand, Deutsche Post World Net.

Read More

Norway Post buys a stake in OptiMail

Posted by | Jan 1, 2005 | |

With its purchase of 7% of Optimail, Norway Post has extended its stake in the swedish mail market. It is already a part owner of CityMail Sweden. Citimail owns 11.7% of Optimail and the two private mail companies operations are linked: Optimail sorts international and domestic mail for distribution by CityMail while Optimails SwedMail business handles mail in the Swedish markets.

Read More

Koizumi resolved to privatize Japan Post from April 2007

Posted by | Jan 1, 2005 | |

Prime Minister Junichiro Koizumi expressed determination on Saturday to begin the process of privatizing the state-backed Japan Post in April 2007. While noting that Japan will be in a critical stage for achieving a successful outcome of his reform policy, Koizumi said in a written New Year’s statement that he is “resolved to privatize Japan Post” from April 2007. He also reiterated his hope that the Diet will pass a set of bills to privatize Japan Post during its next ordinary session to begin in January. Under the government plan, Japan Post will be split into four entities in charge of mail delivery, postal savings, postal insurance and post office management, all under a new holding company, when the 10-year process begins in April 2007.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest