All articles tagged with #royal mail
Royal Mail has temporarily halted sending packages to the US due to the end of a customs duty exemption, following US tariffs introduced by Donald Trump. The new rules require tariffs on low-value packages, leading to a pause in shipments and the launch of a new paid service. Other postal services worldwide have also suspended shipments to the US, impacting e-commerce exports.
Postal services including Royal Mail and DHL are suspending some US deliveries due to new import tax rules that eliminate the duty-free exemption for parcels over $100, leading to disruptions as companies adapt to the updated regulations signed into effect by the US government.
The owner of Britain's Royal Mail has accepted a £3.6 billion ($4.6 billion) takeover offer from Czech billionaire Daniel Křetínský's EP Group. The deal, which values International Distribution Services (IDS) at £5.2 billion ($6.6 billion) including debt, includes commitments to protect public service aspects of the postal service. No major job losses are planned, and Royal Mail will maintain its name, branding, and six-day-a-week delivery obligation. The Communication Workers Union has expressed cautious optimism but calls for improved employee relations and service restoration.
Czech billionaire Daniel Křetínský's EP Group has acquired Britain's Royal Mail for £3.57 billion, raising concerns about the future of the historic postal service and its employees. The deal, which includes commitments to maintain services and employee benefits, comes amid political sensitivity and a potential Labour Party government.