CONSIGNIA, the owner of Britain’s post-office network, is preparing to announce the bloodiest set of full-year results in the 360-year history of the mail service.
Next month, the company is expected to reveal headline losses of more than Pounds 1billion. Some insiders fear the losses could be as high as Pounds 1.3billion because the group will be including a raft of exceptional items to cover its restructuring programme.
26.4.02
Palletways have been acquired in a management buy out with Support from 3i who have invested £6million in the business
Postal services commission Postcomm has entered the liberalisation row by attacking Consignia’s attempts to slow the deconstruction of its monopoly.
As tension mounts over the forthcoming postal strike, a letter leaked to Precision Marketing reveals that Postcomm chief executive Martin Stanley is accusing Consignia of putting ‘inappropriate’ pressure on MPs, by using the organisation’s financial difficulties to scare the Government into stalling liberalisation.
A parcel company yesterday made more than two thirds of its staff redundant after collapsing amid financial difficulties. Blue Band Express Ltd, based at Ecclefechan near Dumfries, shed 450 jobs across the UK after calling in receivers
Read MoreLYNX Express and the United States Postal Service are now offering a ange of new logistics products to the transatlantic market. This article explores the potential of the partnership and how these two organisations are combining to provide the simplest way to the USA.
In recent years the worlds’ postal services have been diversifying in a drive to augment their traditional mail and light package activities with logistics and enhanced physical distribution operations. It is therefore no surprise that the largest of these players, the United States Postal Service, is extending its proposition with a series of alliances across the globe.
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