US Postal rates are likely to remain the same for another four years, thanks to money freed up from a retirement fund that the Postal Service had been overpaying.
Rates for postage last went up in June, and postal officials said they didn’t expect another increase until 2004. But they stretched their estimate Tuesday after announcing details from a new financial review.
Read MoreAnnouncement of the Swiss Postal Service’s intention to reduce the existing 11 sorting centers to just four facilities triggered disgruntlement and some vehement protests among postal workers and the unions. So last Tuesday Federal Councilor Leuenberger declared that alternatives to the radical restructuring plan would be examined. To that end, according to an announcement from the Ministry for Environment, Transportation, Energy and Communications (ETEC), the Council has invited the cantons involved, along with labor and management, to consultations on the matter. The talks will take a closer look at the massive social and regional impact of the planned postal restructuring and discuss other possibilities for reorganization. The ETEC has so far released no further details about possible alternatives.
Read MoreTibbett & Britten Group plc, launches a new local logistics service for shopping centers and retail parks that is set to assist the way retailers in such facilities manage their supply chains. The Group has invested an initial GBP0.5 million in setting up the first such operation at Bluewater in Kent.
Read MoreThe rumored acquisition of the Estafeta courier company by UPS (United Parcel Service) is now seen as a serious proposition, with the US company readying to become the leader of the Mexican market, which moves 490,000 m tons of packages per year. UPS plans to open its second distribution center, in Monterrey, which will help make its costs and operations more efficient. The company is also developing its First International Bank operations, as well as improving its security systems.
Read MoreNovember 2002 Deutsche Post through DHL Canada is to acquire Mayne Group Canada on Jan. 31 2003 pending government and regulatory approval,
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