Canada Post reports a profit before tax in 2016 of $55 million after solid growth in parcels

OTTAWA – Canada Post’s commitment to help Canadian businesses grow through e-commerce led to strong growth in the Parcels line of business in 2016. By partnering with retailers to deliver innovative and convenient delivery, shipping and returns experiences to Canadians, the Canada Post segment solidified its position as Canada’s No. 1 parcel company. The Canada Post segment’s profit before tax of $55 million compares to a profit before tax of $63 million in 2015. Continue reading

Royal Mail faces strike threat after pension scheme closure

Royal Mail is facing the threat of industrial action following its decision to close its defined benefit pension scheme, affecting 90,000 members.

The privatised UK postal operator announced on Thursday that its £7.4bn defined benefit scheme will close to future accruals after March 2018, saying that “there is no affordable solution to keeping the plan open in its current form”.

Source: Royal Mail faces strike threat after pension scheme closure

Stamp collectors furious over pen strokes replacing date cancellations on Dutch stamps

Stamp collectors are furious at PostNL‘s decision to stop stamping the date on stamps and to strike them through with a pen instead.

‘It’s a disaster for stamp collectors,’ said Martijn Bulterman, chairman of the Dutch stamp traders association NVPH. By putting a pen stroke through the stamps they are ‘effectively being ruined’, Bulterman told the Telegraaf. Continue reading

Royal Mail shares hit after sharp drop in letter volumes

From the Financial Times:

Shares in Royal Mail dropped more than 5 per cent after the group reported a drop in letters delivered before the festive period as business uncertainty in the UK hit junk mailings.

Rising parcel numbers failed to make up for the chronic decline in paper-based correspondence at the postal service’s core British business, pushing the division’s revenue down 2 per cent in the nine months ending on Christmas Day.

Read the full story: Royal Mail shares hit after sharp drop in letter volumes

Canada Post welcomes Lunar New Year with stamp issue

OTTAWA – Canada Post will greet the Year of the Rooster with a two-stamp issue, the ninth in its most recent series honouring the Lunar New Year.

A Permanent™ domestic-rate stamp featuring a rooster image, with its chest proudly puffed out, is paired with an international-rate stamp offering a close-cropped profile view of the rooster’s stately face. Both images are created from lines of gold foil. Continue reading