Tag: Mail Services

US Postal Service expands reach of money transfer service

Posted by | Nov 23, 2004 | |

Sure Money(R), the Postal Service’s international wire transfer service, also called Dinero Seguro(R), has expanded its reach to Latin America and the Caribbean.

Available to Mexico since 1996, Sure Money now provides customers with the ability to transfer money to nine additional countries. They are the Caribbean country of the Dominican Republic; and the Latin American countries of Argentina, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua and Peru. “Postal money orders have long been a favorite way for people to send money to friends and relatives internationally,” says Chief Marketing Officer Anita Bizzotto. “And Sure Money provides an electronic alternative that reduces the time it takes to receive the funds from days to minutes.”

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German Regulator OKs 2005 stamp prices

Posted by | Nov 23, 2004 | |

The German telecommunications and postal services regulator RegTP Tuesday said it approved a 0.7% overall cut in 2005 stamp prices proposed by German mail delivery company Deutsche Post World Net AG. The new prices for letter delivery will take effect Jan. 1, 2005, and will be valid until Dec. 31, 2005, RegTP said. Since parts of its business are still without competition, Deutsche Post can’t set its own pricing for letters without regulatory approval.

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US Postal Service looking for rate increase

Posted by | Nov 23, 2004 | |

The US Postal Service will seek approval for a 10 percent increase in postage rates early next year, according to a report published Wednesday. First-class stamps, which have risen 12 percent since 2001, would increase to at least 41 cents, the Wall Street Journal reported in a story on its Web site. The last price increase was in 2002. According to the report, the unusually large size of the expected rate increase stems partly from the demise of proposed legislation that would have allowed the postal service to take advantage of about USD3 billion a year in pension-fund savings resulting from a change in how it contributes to a federal retirement fund. The legislation also would have freed the service from future pension payments to employees who previously served in the military.

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PPA and UK Royal Mail reach deal on size-based pricing

Posted by | Nov 23, 2004 | |

Royal Mail chief executive Adam Crozier has announced an agreement between Royal Mail and the PPA on size-based pricing. Speaking at the PPA’s CEO Conference, Crozier said that the two organisations had reached an agreement on the last outstanding issue that had divided the pair. This concerned the tolerance threshold of the surface of a mailing piece of 10mm thickness or above, where if the threshold was exceeded the item would be classed as a packet rather than a large letter, resulting in a substantial increase in costs. The PPA has succeeded in convincing the Royal Mail to increase this threshold from 4mm to 5mm.

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