The express and delivery company EBX Express Brasil, owned by businessman Eike Batista, suspended operations last Thursday. The company was aiming to be the main player in the domestic express market in Brazil, with sales of US$ 1 Billion in five years and the capacity to compite with Correios’ express product Sedex, and deliver goods purchased over the internet.
Read MoreBrazil’s federal postal system ECT plans to launch an online mall dedicated to small- and medium-sized enterprises (SMEs) in October. In addition, it has formed partnerships with 750 Internet companies, 15 of which account for 95% of B2C postal deliveries, and the US$18mn initiative is expected to become a new revenue maker for the postal service.
Read MoreThe Brazilian post office Empresa Brasiliera de Correios e Telegrafos (ECT) is to tender out a contract for the right to sell insurance through its post office network.
Read MoreThe Cash-strapped Mexican postal service, Sepomex, is working on the design and creation of an address database that will be used to create the domestic postal directory.
Read MoreTPG NV said it signed a six-year deal with Correos de Chile, the Chilean post office, to work on domestic and international express delivery.
The companies will offer services in Chile under shared brand names. The brand launch is scheduled for the fourth quarter of this year.
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