Japan Post raises mail rates for first time in 23 years

/ Jun 1, 2017

Japan Post raises mail rates for first time in 23 years

Japan Post, a unit of Japan Post Holdings, raised mail rates Thursday in the first full-fledged hikes since January 1994, excluding markups on consumption tax increases.The rate for standard postcards has been increased by ¥10 to ¥62. Rates for other items, such as envelopes ...

Nov 2, 2015

Japan Post's IPO a decade in the making

The opening of sales Wednesday of shares in Japan Post, whose origins date back to 1871, has been a decade in the making.The initial public offering will make it the biggest IPO in the world this year — the biggest, in fact, since Alibaba ...

/ Oct 8, 2015

Singapore Post tests drone mail service

Singapore Post said it has used a drone to deliver mail to an island community, joining postal services in other countries such as Finland that are testing unmanned aerial vehicles to deliver packages.The test flight took five minutes and carried a letter and a ...

FedEx indicted on new criminal charges in online pharmacy case

Aug 16, 2014

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp. faces a new charge of conspiring to launder money in a U.S. criminal case over the company’s drug deliveries for rogue online pharmacies despite warnings from law enforcement.The latest indictment, filed in court on Friday, said FedEx accepted payment from several pharmacies ...

USPS revenue up but losses linger as overhaul bill appears to stall

Nov 18, 2013

USPS revenue up but losses linger as overhaul bill appears to stall

The U.S. Postal Service recorded its first revenue increase in five years, but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to figures released Friday.The continued losses dampened the good news about increases ...

Jul 29, 2013

World's post offices look to reinvent selves

There was a time when your local post office would mainly sell stamps and deliver letters. No longer.To counteract the turmoil brought on by email and text messages, postal services worldwide have reinvented themselves, taking on the technological revolution that once looked to cripple ...

Jul 25, 2013

Bill to revamp U.S. post office set to advance

A Republican plan to stabilize the financially struggling U.S. Postal Service by dropping Saturday letter delivery, phasing out door-to-door service and removing no-layoff clauses from future union contracts was headed for passage by a key House committee Wednesday.The agency lost close to $16 billion ...