China Postal Group (CPG) plans to set up an insurance company, which will be the country’s fi rst insurer with sole investment from the postal sector, Wu Dingfu, chairman of China Insurance Regulatory Commission (CIRC), said. Wu said the commission is currently dealing with the application submitted by the CPG for establishing an insurance company. China’s postal sector, boasting 36,000 outlets nationwide, simply serves as the sales agent of insurance products for the moment, … [Read more...] about China Post plans insurance company
Emirates Post handles record mail volumes
The average number of mail being sorted at Emirates Post’s facility in Ramoul crossed one million per day during the fi rst week of April, against the normal average of between 500,000 and 800,000 pieces, Arabian Business reported. The increasing volumes have prompted the company to increase its sorting capacity by acquiring more advanced machines, which are due to be installed by the end of the year, with a capacity of 3 million pieces of mail per day. In another development, … [Read more...] about Emirates Post handles record mail volumes
Minister no longer supports postal monopoly
Indonesia’s Minister of Information and Technology, Sofyan A. Djalil, has pledged support to the members of the Indonesian Express Delivery Companies’ Association (Asperindo) after earlier issuing a circular letter that had put the sector in jeopardy in the last few months. The circular had stressed the monopoly of state-run postal fi rm PT Pos Indonesia (Posindo). Djalil said he apologised to the members of the association as he was unaware of the impact that the circular … [Read more...] about Minister no longer supports postal monopoly
French post office adjusts strategy
The French post office is adjusting its strategy and will once again concentrate on its core business – carrying letters. It is planning to sell its air transport subsidiary Europe Airpost – which was known by the name Aeropostale until the year 2000 – to South Africa’s Imperial Holdings, owner of the airline Safair, this semester. Jean-Paul Bailly, La Poste’s president said that, together with state-owned rail operator SNCF, La Poste has plans to establish a … [Read more...] about French post office adjusts strategy
GCC postal units mull unified service
Senior officials from postal service providers across the GCC gathered in Dammam, Saudi Arabia, last month to discuss the creation of a unified, region-wide delivery service. According to a report in the Arab News daily newspaper, the offi cials discussed “fi nal details” of a plan to create a single company that would provide surface and airmail services throughout the GCC. However, in a nod to the glacial speed of delivery that customers currently endure in the GCC, the … [Read more...] about GCC postal units mull unified service
Posindo to expand package service
Amidst stiffer competition in logistics sector, state run postal company PT Pos Indonesia (Posindo) said it will expand express package service to 40 cities in Indonesia. President Director Hana Suryana said that at the moment mail and express services do not reach all cities in Indonesia, although this business has the potential to grow. Posindo is in a better position to compete with other companies because it has 2,500 branch offi ces throughout the country. Suryana also said … [Read more...] about Posindo to expand package service
