A New York federal judge has vacated a temporary restraining order on two US accounts holding USD11 million linked to former Argentine postal service operator Correo Argentino SA. The accounts were frozen on claims by a foreign creditor of the Argentine government that the accounts were actually owned by the federal government and as such, could be used to satisfy an outstanding judgment related to defaulted sovereign bonds.
Read MoreChief executives of package delivery giants FedEx Corp. and United Parcel Service have urged Congress to ensure that in future the U.S. Postal Service will not be permitted to leverage its mail monopoly to compete with privately run businesses.
Read MorePitney Bowes Inc have announced that eBay, The World’s Online Marketplace, selected Pitney Bowes as the technology provider for a completely browser-based online postage solution that gives both eBay.com and PayPal customers quick and easy access to shipping services. The new online postage solution simplifies the process of calculating and paying for postage and accessing shipping services offered by the U.S. Postal Service (USPS).
Read MorePitney Bowes Inc has announced that eBay, The World’s Online Marketplace,
selected Pitney Bowes as the technology provider for a completely
browser-based online postage solution that gives both eBay.com and PayPal
customers quick and easy access to shipping services. The new online postage solution simplifies the process of calculating and paying for postage and accessing shipping services offered by the U.S. Postal Service (USPS).
Deutsche Post is considering a push into the US market to boost growth at Europe’s largest postal group. The company’s strengths have hitherto lain in Europe and in the increasingly competitive Asian airfreight market, through its DHL operation. Deutsche Post had little presence in the US until last year’s USD1bn purchase of Airborne Express, which provided it with a ground operation to complement DHL’s airfreight business. “The internationalisation of our mail business is not imaginable without the US market”, said Klaus Knappik, head of Deutsche Post’s international mail division.
Read More
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.
