Tag: USA

US Postmaster General renews call for freedom to set prices

Posted by | May 29, 2003 | |

If the Postal Service is to be run like a business, it needs the freedom to set its prices like a business, Postmaster General John Potter said Thursday. Potter told the President’s Commission on the Postal Service that his agency is hampered by the complex 16-month process involved in setting rates. The post office, because it has a monopoly, should still be subject to review, he said, but that process “should not stifle the ability to meet customer preferences and finance the national mail system for the future.” Potter suggested that the Postal Service’s governing board be allowed to set prices for mail service, with an after-the-fact review by an outside agency. His comments came at the final public session of the commission, convened by President Bush to review the operations of the Postal Service and make recommendations for its future. Its report is expected by the end of July.

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DHL Airways to re-brand as Astar Air Cargo

Posted by | May 27, 2003 | |

DHL Airways today announced that the Miami-based cargo airline is launching a re-branding program, and changing its name to ASTAR (pronounced A-Star) AIR CARGO, INC. The re-branding will commence immediately and the name change will become effective upon completion of the acquisition of DHL Airways by a U.S. investor group led by Chairman and CEO John Dasburg. In the coming months, the charter cargo airline will incorporate the ASTAR name and logo throughout all of its marketing and operations functions.

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DHL Airways sells off to investor group for USD57 million

Posted by | May 22, 2003 | |

DHL Worldwide Express has agreed to sell its DHL Airways unit to an investor group led by John Dasburg, chairman and chief executive of the U.S. airline, for USD57 million. The deal, which is expected to close by June 30 subject to approval by the U.S. Department of Transportation, is unlikely to silence claims by rivals FedEx Corp. and United Parcel Service that the airline does not comply with U.S. ownership laws.

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Universal Express' Subsidiary Private Postal Network Changes its Name to WorldPost

Posted by | May 22, 2003 | |

Universal Express, Inc. announced today that effective August 30, 2003, its subsidiary, Private Postal Network, Inc., will be known as WorldPost(TM). The WorldPost Network of over 9,000 independently owned and operated private postal stores will continue its mission of improving cash flows and building national recognition for members of its private postal system.

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US mail discount move spurs flurry of inquiries

Posted by | May 21, 2003 | |

The price break that the Postal Rate Commission has recommended for Capital One Financial Corp. could pave the way for other issuers to trim costs on the billions of credit card solicitations they mail every year. The commission recommended May 15 that the Postal Service’s board of governors grant a special volume-based discount for Capital One. The governors are to vote June 2. News of the commission’s action, the first of its kind, spread fast. “We’ve heard from every credit card company we can think of,” said Mike Plunkett, the Postal Service’s manager of pricing strategy.

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