German Parcel, the German subsidiary of UK postal operator Consignia, and the national partner businesses in the General Parcel group will deliver parcels from the US to Europe with immediate effect following an agreement between Consignia and the United States Postal Service (USPS).
Read MoreThe terrorist attacks and the slipping economy combined to cause the biggest drop in mail volume in more than 30 years, the Postal Service reported yesterday. In the first quarter of its fiscal year — Sept. 8 to Nov. 30 — mail volume was 2.8 billion items below the same period last year.
Read MoreThe U.S. Postal Service announced Wednesday it will use a subsidiary of the British post office to deliver Express Mail and air parcels throughout Europe.
The deal involves packages designated for delivery in either four or six days to 23 European countries, post office vice president James P. Wade said. The new deal is between the post office and General Logistic Systems, a subsidiary of Consignia, which is the new name adopted by the British post office.
Read MoreConsignia will today announce a key contract with the US Postal Service to handle all its airborne parcels from the US to Europe. The deal will mean that all US airborne packages will go through Consignia’s network of European parcel companies, starting at its hub in Amsterdam, rather than going to individual countries
Read MoreThe U.S. Postal Service said Tuesday it plans to cut up to 20,000 jobs this year, citing disappointing financial figures for the first quarter of the 2002 fiscal year. The cuts come on top of 11,600 positions cut last year when the postal service lost $1.7 billion for the fiscal year ended Sept. 30, 2001
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