Regulators give Japan Post green light to buy Toll Group
Regulators in Japan have given the go-ahead to Japan Post’s proposal to buy Australia-based logistics giant Toll Group. State-owned Japan Post offered $5bn for the Melbourne-based company in February, in an effort to expand its international business considerably on the road to becoming a significant global logistics player. By buying Toll Group, Japan Post could immediately increase its own revenue by as much as 30%. The acquisition is expected to be implemented on 28 May 2015.
SingPost, Axa broaden insurance offerings
Singapore Post will offer a wider range of insurance policies at its post offices. It is partnering insurance provider, Axa, to introduce general insurance solutions starting from Tuesday (Apr 14) at its post offices. The new services are part of SingPost's efforts to remodel its post offices to provide a more digital and seamless retail experience to its customers.
UPU urges Posts to “step out of comfort zone to build their future”
Director general of the Universal Postal Union, has urged the 750 delegates attending the organization’s 2015 World Strategy Conference in Geneva to “step out of our comfort zone and test new ideas upon which we can build the future of the Post”. According to the UPU, the “phenomena forcing public postal services to redefine themselves for the 21st century” include “’postal activities increasingly focused on logistics and financial services instead of traditional mail, the growth of e-commerce and the rise of parcel volumes, and changing consumer behaviours”.
eBay said postage costs, delivery issues hampering SME growth
eBay has said small online businesses in the UK believe postage costs and delivery issues will be the major limiting factor to their growth this year. In a poll commissioned by eBay, 74% said the cost of overseas shipping would be an obstacle in their ability to reach new customers outside the UK. Among other issues cited by businesses surveyed as potentially limiting their growth over the next 12 months, 25% said increasing competition, 10% said staff and pension costs, while 7% mentioned concerns about a lack of suitable staff.
Japan: Delivery by bus, taxi to help rural shoppers
The government has decided to lift a ban on home-delivery services using taxis and buses operated by municipalities as a way to help “shopping refugees,” or people who have difficulty shopping in depopulated areas. It will become possible for these vehicles to deliver articles regularly as the governmentplans to review regulations of the road transportation law as early as thissummer. Major supermarkets often have a home-delivery service option, but the service often is not economically viable in depopulated areas. With the deregulation, it will become possible for elderly people without a car to order items from a supermarket by phone and have those goods delivered to their homes by bus or taxi.