The introduction of roadside letter boxes is key to maintaining the viability of Ireland’s postal services, according to the chief executive of An Post.
John Hynes said the scheme would save An Post millions of euro per year and help to stave off a financial crisis at the company as it would cut down on delivery times and costs in rural areas.
Read MoreRoyal Mail’s plans to compensate brand owners for late deliveries could see direct marketers recoup more than GBP36m a year if it fails to meet national targets.
The proposal may be given the green light at a board meeting next month. It would enable bulk mailers to claim 1 per cent off their Royal Mail bills for every 1 per cent the postal operator fails to meet national delivery targets – up to a maximum of 5 per cent.
If the scheme had been in place this year, it would have cost Royal Mail GBP36m, according to Postcomm figures.
Read MoreGeopost may acquire other parcels companies in the UK. Chief executive officer Colin Millbanks said, “We are not averse to making an acquisition of our own,” in a press conference last week, “but we will not disrupt the progress we are already making. The price has to be right and ft would have to be focused on our strategy.”
Read MoreBob Russett is known for loud ties, loud waistcoats — and receiving an MT Special Award for outstanding contribution to the industry at the Royal Albert Hall last year. He was the first recipient of the award since 1996. Jack Semple finds out what makes him tick.
Read MoreRoyal Mail has had to defer stamp price increases due to Postcomm extending the consultation time over price controls. Royal mail’s strategy on price increases may be out of step at a time when successful competition is all about customer satisfaction and fulfillment.
Royal Mail has postponed a price increase on first and second-class stamps until next month. This follows UK postal regulator Postcomm’s decision to extend the consultation period for price control until March 21. Royal Mail hoped to increase basic first class postage to 28p and second class to 20p on April 17. This would generate an additional GBP170 million – money that should be used to aid the desperately needed and long overdue restructuring of the company.
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