Fight for letters market begins
26th May 1994, Page 8
26th May 1994
Page 8
Page 8, 26th May 1994
— Fight for letters market begins
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Keywords :
Royal Mail, Postal System Of The United Kingdom, Express Mail, Parcelforce, Mail, Downstream Access, Tnt N.v., Michael Heseltine, Green Paper On Postal Reform, Politics, Business / Finance
• Private parcels carriers have entered the fight for a share of the letters market following Trade Secretary Michael Heseltine's decision to privatise Royal Mail along with Parcelforce.
A Green Paper to be published next month is expected to include a proposal to float 51% of the two divisions in the private sector, with the Government retaining a minority shareholding.
TNT Express (UK) is interested in a licence to provide a postal service carrying around 30 million letters a day—half the Royal Mail's current voltune. "We're looking for downstream access to the local network where we would collect from senders and deposit in Royal Mail depots for final delivery", says chief executive Alan Jones.
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People:
Michael Heseltine, Alan Jones