Amtrak Express Parcels Ltd has today announced that it has acquired the business and assets of Nightspeed Services Ltd for an undisclosed sum. Nightspeed has been experiencing financial difficulties in recent months and went into administration earlier today. Amtrak had been in discussion with Nightspeed as one of a number of acquisition targets and was able to move quickly to bring certainty to the company and over 900 staff.
Read MorePostcomm today issued a long term licence to Red Star Parcels Ltd, to provide consolidations services (collection and sorting of mail). Red Star Parcels Ltd is owned by Lynx Express Limited and will trade as Lynx Mail.
Read MoreRoyal Mail could be broken up in one of the biggest shake-ups in its 300-year history, under plans being considered by the industry regulator. The Times has learnt that Postcomm is considering whether customers would be better served by splitting Royal Mail into two or more parts. A break-up would separate its big mail centres and delivery activities from the Post Office branch network and other retail operations. Postcomm is calculating the benefits of a split and aims to consult consumers, industry and Royal Mail itself in the new year. The regulator is concerned that Royal Mail is charging rivals too much to use its infrastructure, which is hampering competition in the postal market. It also wants more transparency in Royal Mail’s functions. The plans are being discussed as Royal Mail is braced for the opening of competition throughout the postal market in January.
Read MorePostcomm is to announce its long-awaited verdict on Royal Mail’s pricing in proportion (PIP) scheme within the next two weeks. The regulator has told interested parties to expect an imminent decision on the controversial scheme, ending months of speculation about the timing of its launch. A deadline was never formally set, but had been mooted for the beginning of August. The industry is eager to know whether PIP will be introduced alongside new price controls next April.
Read MoreRevenue & Customs has become the first key government body to drop Royal Mail for part of its work as the postal service prepares to open up to full competition. The Revenue has chosen UK Mail, part of Business Post, for the post associated with taxpayers setting up online accounts. In order to file tax returns online taxpayers have to receive security information from the Revenue in the post. The decision to stop using Royal Mail was approved by the Cabinet Office, which oversees government administrative spending. A large number of government departments, including the biggest mailer, the Department for Work and Pensions, is believed to be considering switching to rival postal groups.
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