Sinotrans Ltd chairman Zhang Bin said the company’s joint venture with courier service provider TNT Holdings will end when the agreement expires in May.
The decision to end the partnership was reached three years ago when TNT expressed an intention to seek a three-way partnership.
Read MoreMost European consumers are satisfied with the quality of essential services such as post, telecommunications, gas, electricity and water, though levels of satisfaction vary according to the service and 40 % feel prices are still too high.
Read MoreThe European Commission has asked the Government for more information about the awarding of the social welfare payments contract to An Post.
Read MorePolestar has signed an £18m (€27m), five-year distribution contract with SOL, renewing a previous three-year agreement.
Read MoreRoyal Mail’s rivals are considering making a formal complaint to the Competition Authority in Brussels which could lead to VAT being put on bulk business mail and parcel delivery. Representatives from Business Post, Dutch postal operator TPG and Hays DX held a meeting in Brussels earlier this month to argue that the current legislation, which exempts Royal Mail from charging VAT, gives it an unfair advantage.
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