OCA dispute
Staff at Organización Coordinadora Argentina (OCA) have been engaged industrial action in protest at the non-payment of pension contributions and wages, according to local reports.
Read MoreTag: OCA
Competing on all fronts
In Argentina’s fully competitive mail market, OCA is the leading competitor to the national post, the Correo. John Modd got an insight from president and CEO Alfredo Romero.
Read MoreExpress firms aim for double-digit growth in South America
As South America’s leading economies expand in 2007, the top international express companies are laying out their strategies for healthy growth in this key emerging market.
Foreign express companies are upping their activity in South America this year, expanding their networks and product and service offerings in the belief that optimistic economic growth forecasts for the region will hold good. DHL has restructured its Latin American operations in anticipation of double-digit growth, while TNT is expecting the same following its purchase of Brazil’s Mercurio. UPS expanded its routes and increased the frequency of services between the region and the rest of the world at the beginning of this year, while FedEx is upgrading cargo-carrying capacity to the region through fleet upgrades and targeting small-and-medium-sized enterprises (SMEs) in six top countries.
Read MoreOCA up for auction
The 10 banks that started administrating the postal company OCA just a few weeks ago are to put the company up for auction.
These banks are the main creditors of the Exxel Group, owner of OCA. Credit Suisse, First Boston, Deutsche bank of America, UBS, Citibank, Rio, Bisel, ING and JP Morgan Chase Manhattan lent US$195million to the Exxel Groupin 1997 for the acquisition of OCA which provides clearing services with a nearly 80 percent market share
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