MAIL regulator Postcomm today gave its strongest indication yet that the introduction of competition to Consignia will be delayed until well into 2003.
In what is being seen as a victory for Allan Leighton, the new chairman of the Post Office and Royal Mail group, regulator Graham Corbett today signalled he is prepared to let up on the pace of market liberalisation to allow the heavily-lossmaking Consignia get its act together.
Nightfreight review of performance and trading results
In February 2001, Nightfreight plc was the subject of a management buy-out backed by Barclays Private Equity Limited. Nightfreight plc was de-listed from the stock exchange, taken into private ownership, and the Group now operates as Nightfreight Holdings Limited.
The Taylor Barnard name is to disappear as TNT Logistics splits its business into two divisions – dedicated and multi-user – which will combine TNT Logistics, TNT Network Logistics, TNT Newsfast and Taylor Barnard. The new dedicated and muli-user divisions will be known as TNT Logistics and TNT Network Logistics, although TNT Newsfast is to retain its name.
Read MoreThe U.S. Postal Service next week will announce a plan to restructure the nation’s mail system to make it operate more like a private business.
Postal Service officials say the planned revamping of mail service could have a broad effect on the $900-billion-a year mailing industry, affecting everything from the way people choose to send correspondence to thousands of postal jobs.
The most likely scenario would allow Postal Service administrators to decide rates and service changes without the nearly year-long regulatory procedure currently required by the agency’s 1970 charter.
Letter from Geraint Davies MP: Important that Consignia competes in a fair market.
Reply from Graham Corbett, Postcomm: Analysing cost of universal postal service
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
