State-owned Chunghwa Post is to transform into a logistics-centered business to stem financial losses, company chairman Wang Kwo-tsai (王國材) said yesterday.
The transition is inevitable as the company fights a global decline in postal services, he said at an event marking the firm’s 129th anniversary.
The company’s income would primarily come from logistics, while mail delivery would be the secondary source, Wang said.
Photo: Lin Chih-yi, Taipei Times
Postal workers are this year to begin delivering packages directly to the doors of recipients, as part of Chunghwa Post’s new corporate mission, he said.
Chunghwa Post expects to complete the construction of the A7 logistics zone in New Taipei City’s Linkou District (林口) by the end of the year, Wang said.
The company has begun searching for contractors to provide state-of-the-art technology for the planned postal processing facility, he said, adding that the facility would have automated sorting and improved storing efficiency to make Chunghwa Post a competitive player in the logistics sector.
The company’s priority this year is to roll out a door-to-door delivery for corporate and individual clients, and a digital platform for corporate clients that need to transport bulk or urgent materials, Wang said.
The latter would be available to big businesses, online-based vendors and small farmers, he added.
This year, the company also aims to create an algorithmic delivery system for the delivery of vendors’ and farmers’ merchandise or products, and to open 100 pick-up locations that are open 24 hours, Wang said.
Chunghwa Post would establish a shopping platform for vendors and customers, and introduce new services for small farmers, such as expediting gift deliveries, he added.
Apps and Web sites for digital or credit card payments, and mail insurance are being developed, he said, adding that the company plans to link those to government services.
The company must be more efficient in utilizing its funds by including mailing risk management, lowering mail insurance values and joining the government’s tech innovation projects, Wang said.
Chunghwa Post must gather the courage and resolve to overcome the challenges ahead, he added.
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on
RSS