Tag: Mail Services

US Postal Service begins e-waste recycling program

In an effort to improve electronics recycling in the United States, the US Postal Service is developing a free national collection program for small electronic items.

The program, now in a pilot stage, provides courtesy envelopes with pre-paid postage for patrons to deposit their unwanted digital cameras, printer cartridges, MP3 players, cell phones, and PDAs. International recycling company Clover Technologies Group processes the devices in its U.S. and Mexican facilities and then refurbishes and resells them if possible.

Now limited to select cities, including Chicago and Los Angeles, the program may expand nationwide in the fall, and it eventually may accept a wider range of devices. ‘It doesn’t cost us anything because [Clover] is paying for postage on the envelope,’ said Joanne Veto, a post office spokesperson. ‘For us, it’s a really smart thing to do.’

The program would be a de facto national electronic recycling program, the first for the United States. As the only industrialized nation not to ratify the 1989 Basel Convention, which requires its signatories to notify developing nations of incoming hazardous waste shipments, many environmentalists have criticized the country for its lack of action to reduce the international spread of electronic garbage, known as e-waste.

Americans discard at least 2 million tons of household electronics each year, according to the U.S. Environmental Protection Agency. Less than 20 percent of that e-waste is recycled, although state-led initiatives are beginning to improve this recycling rate. Once recycled, however, e-waste is frequently sold to brokers who ship it to the developing world, where it is often dismantled with little regard for worker safety, then burned in the open air or dumped into bodies of water.

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Royal Mail evidence to the independent review of the postal services sector

Royal Mail has now submitted its second set of evidence to the Independent Review of the UK Postal Services Sector. The company’s submission is outlined in the letter below, which was sent yesterday, along with its evidence, to Richard Hooper CBE at the Review Panel. The Management Summary is also attached.

Dear Richard

We are pleased to submit our second set of evidence for the Independent Review of the UK Postal Services sector. As you know, Royal Mail and its people believe passionately in the one-price-goes anywhere Universal Service at the heart of a vibrant UK postal market – and your review will be central in determining whether it can survive. The Universal Service connects us all together, it creates the opportunity for businesses to connect to each other and to consumers, it allows everyone to participate in the growing internet economy no matter where they are. It is literally part of the social fabric of this country and preserving it is not just an important priority but an essential one.

The Universal Service is, however, now in the red for the first time, having made an estimated loss last year of around GBP 100 million. We therefore wholeheartedly agree with the sentiment expressed in the Review Panel’s first report earlier this month “that the status quo is not tenable”. The Review Panel’s first report makes clear that a key part of the problem is the way in which the industry is regulated: the current regime was designed for a market in which volumes continue to rise yet the reality is that the overall UK postal market is declining, Royal Mail’s ability to compete with other mails operators is severely limited by regulatory constraints, and mail is increasingly competing with other communications media including broadband. It is clear that the postal services industry is not adequately responding to the fundamental market decline as the internet economy grows, and we agree with the Review Panel’s view set out in their interim report, “that the way in which the postal sector is regulated will need to change”.

Our firm belief is that a healthy, efficient and profitable Royal Mail is critically important for the future of the Universal Service and for the industry as a whole. Our Shareholder has given us support and investment over the last few years but we recognise that Royal Mail must do all it can to accelerate its transformation plan and take radical action to modernise and reduce costs in order to underpin the Universal Service in a declining market. As you have already concluded in your initial response, the overriding criterion is to “ensure that a universal service is sustainable” which is underpinned by five criteria:

• A high standard of service for customers
• An appropriate regulatory regime to protect customers where barriers to entry mean that there is limited competition and choice
• A regulatory framework which encourages fair and innovative competition where no barriers exist
• A stable financial future for Royal Mail
• The incentive for Royal Mail to modernise its operation, making it much more efficient, and change its culture

Royal Mail wants to ensure that there is a clear, deliverable and sustainable solution to the issues facing the postal industry and it is our hope that all stakeholders commit to delivering it quickly. Royal Mail believes that the solution has 13 key elements which, if implemented, would secure the Universal Service and help create a vibrant future for postal services within the wider communications market:

1. Royal Mail accelerating the pace of our cultural and operational transformation in a declining market.
2. The Universal Service confirmed as a high-quality, six-day, first and second class service which is geographically uniformly priced with existing high quality of service targets.
3. The Universal Service comprising stamp mail with product and price regulation for stamp and meter mail only to allow Royal Mail to continue to champion

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TNT offers talks while postal workers strike

Postal company TNT has invited postal workers’ unions to meet on Friday in an effort to end the impasse over their wage demands.

The invitation comes on the second day of a new series of industrial action, which began on Monday 19th May in The Hague and affects Nieuwegein.

TNT hopes the unions will attend the meeting to try and break deadlock. The CNV union says it would be impolite to turn down an invitation.

Postal workers want a rise of 3.5 pct in wages this year. TNT is offering 1.5 pct this year and another 1.5 pct in 2009.

A 30-hour general strike is planned for May 28.

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Japan Post Bank to invest Y1 trln overseas

Japan Post Bank, the country’s largest bank, plans to invest at least 1.0 trillion yen (USD 9.59 billion) in overseas assets in the financial year to next March, the Nikkei newspaper reported on Tuesday.

The report, citing no sources, said Japan Post Bank plans to invest in European and U.S. corporate bonds including securitised products through overseas asset management firms, tapping their expertise in investing in attractive, but high-risk corporate bonds.

The report said Japan Post Bank itself plans to invest in triple-A rated corporate bonds.

The report gave no details about allocations by currency or product type. It cited BlackRock as a possible asset mangement firm Japan Post Bank could cooperate with.

The report said the bank plans to gradually boost the amount it invests overseas, while seeking to limit market impacts.

Japan Post Bank is one of four business units created within state-owned Japan Post on Oct. 1 to begin a 10-year privatisation process.

At the end of September, the bank held some 181 trillion yen (USD 1,735 billion) in postal savings, of which nearly 90 percent was invested in domestic bonds, with only marginal shares in stocks and foreign assets. (USD 1=104.31 Yen)

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China Post Group wins approval to set up life insurance unit

The China Insurance Regulatory Commission (CIRC) said it has given its approval to China Post Group, a 10 bln-usd company formed out of the State Postal Bureau, to set up a life insurance unit in Beijing.

In a statement dated April 30, the CIRC said the unit will have registered capital of 500 mln yuan.

China Post is expected to operate its insurance business through the postal network.

The group has a 50-50 insurance joint venture, Sino-French Life Insurance Co, with France’s CNP Assurances.

Sino-French Life reported premium income of 8.16 mln yuan in the first three months.

(1 USD = 7.0 Yuan)

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