Shares increase in Deutsche Post
Shares in Deutsche Post, the German post office and logistics company, increased by 20 per cent last week, after rising to 14.12 euros by Friday lunchtime.
Read MoreTag: Worldwide
UPS won’t have to pay back taxes
United Parcel Service Inc. won’t have to pay $1.8 billion in back taxes, as a federal appeals court declined the Internal Revenue Service’s request to hear further arguments on the matter. A U.S. Circuit Court of Appeals in Atlanta rejected the IRS’s request that the entire court revisit the case. In June, a three-judge panel of the court overturned a 1999 ruling that ordered the world’s largest package-delivery company to pay the tax bill.”
Read MoreDeadline to speed up An Post postal deliveries
Ireland’s “telecom regulator’s office has set a deadline for An Post [the Irish post office] in a bid to speed up next day delivery of mail. The Office of the Director of Telecommunications Regulation (ODTR), which also regulates An Post, has set an interim target for 2002 of a next day delivery of 92pc nationally for all mail and 94pc for all local post. Up to now An Post has not been meeting its own target of 90pc next day delivery for all mail. The ODTR has called on the An Post to submit a plan by April 2, 2001 that would include detailed costed proposals for a target of 97pc next day delivery for first calls letters from January 1, 2003. According to research by Irish Marketing Surveys, 73pc of Irish businesses believe that all business should have the choice of a first class service with next day delivery and a cheaper second class service with delivery within three days.
Read MoreCorreos v Agencia L
European sources have reported that “Agencia L, the Spanish company which handles business correspondence, has broken its exclusive contract with Correos y Telegrafos, the Spanish state-owned postal operator, as a result of ‘increasing unfair competition practices’, which, according to Correos, the company has implemented in recent months through an ‘illegal discounts policy’.
Read MoreConsignia faces fine as mail delivery record slips
According to the Daily Telegraph (UK), “Consignia may be penalised by Postcomm as much as 10% of its turnover as the former Post Office failed to meet its delivery targets in the first quarter. The company reported that only 86.1% of first class mail met the next-day delivery guarantee for the period, a figure that Consignia needs to bring up to the regulator’s 92.1% threshold for the financial year. Reliability this September will be affected by the terrorist attacks in the US, which grounded the company’s postal fleet and led to a week-long delay of US deliveries. Disrupted rail services in the UK has also affected Consignia’s schedule.”
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