Korea Post aims to rebound with better postal service
Korea Post will focus on improving its service quality, rather than launching new businesses. The move is part of the organization's efforts to balance between the public and private sector in its business.
Australia Post records full-year loss of $222 million
Australia Post announced a full-year loss after tax of $222 million ($352 million before tax). Group revenue remained stable at $6.37 billion, with parcels revenue up 3.6 per cent to $3.21 billion, for the first time delivering more than half of total revenue. Despite recording a full financial year loss, Australia Post Managing Director and Group CEO Ahmed Fahour said the business had now made important headway reforming the letters service.
More POPStations as SingPost eyes rise in e-commerce
SingPost intends to double the number of "POPStation" parcel-holding facilities over the next few years from 100 to 200, as demand for e-commerce delivery services picks up. The company also intends to offer online shoppers and businesses more delivery options.
China Post and Russian Post sign cooperative agreement
Russian Post’s General Director Dmitry Strashnov and Li Guohua, the President of China Post Group, have signed an agreement to strengthen cooperation between the two organizations and work together on the development of cross-border trade. The agreement was signed on 3 September, during the course of Russian President Vladimar Putin’s visit to China. The two postal operators intend to deliver mail by rail with goods trains and passenger-trains.
The U.S. Postal Service and Alibaba agree to collaborate on cross-border e-commerce
Packages shipped from China are about to get a boost from the U.S. Postal Service due to a recently MOU signed by Cainiao, the logistical arm of China’s Alibaba Group and the USPS. An agreement between the two parties means U.S. consumers could receive overseas packages from Alibaba’s global marketplace AliExpress faster.