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UPS to Acquire Menlo Worldwide Forwarding

Posted by | Oct 5, 2004 | |

UPS and CNF Inc. today announced UPS has agreed to acquire Menlo Worldwide Forwarding, Inc., a subsidiary of CNF, for USD150 million in cash and the assumption of approximately USD110 million in long-term debt. Menlo Worldwide Forwarding is a global freight forwarder that provides a full suite of heavy air freight forwarding services, ocean services and international trade management, including customs brokerage. It had USD1.9 billion in gross revenues in 2003. The acquisition reinforces UPS’s strategy of providing broad supply chain solutions to enable global commerce. As a result of the acquisition, UPS will expand its global capabilities and add guaranteed heavy air freight services around the world, enabling customers to reach the global marketplace faster. This also means UPS will introduce new time-definite products such as overnight, two-day and deferred heavy air freight in North America.

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Deutsche Post unit DHL to deepen tie-up with eBay

Posted by | Oct 5, 2004 | |

Deutsche Post World Net AG’s unit DHL is deepening its tie-up with eBay by launching a pilot project that will allow DHL to pack, store and deliver more products auctioned on the internet.

The pilot project will start by the end of this year, the spokesman said.

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UK Royal Mail pulps undelivered post

Posted by | Oct 5, 2004 | |

Royal Mail is to destroy all undelivered business post that does not have a return address on the envelope. The new policy comes into force from today and will affect millions of letters. It has sparked outrage among companies which claim they were not told of the change and fear it will cost them heavily in lost business. It is the latest in a series of costcutting measures by Royal Mail that have angered customers. In the past all undelivered post was sent to a Royal Mail office in Belfast where staff opened letters to try to discover the identity of the sender. Royal Mail said that axing the service for business post will save on the GBP10 million a year it spends dealing with 12 million undelivered items of post.

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Pitney Bowes US set to buy Ancora Capital

Posted by | Oct 5, 2004 | |

Pitney Bowes Inc., the world’s largest producer of postage meters, said Monday it plans to purchase assets of Ancora Capital & Management Group LLC, which has a mail facility in Baltimore.

The Stamford, Conn.-based firm plans to pay about USD35 million in cash and assumed debt for the provider of first-class, standard-letter and international mail processing and presort services. Ancora, headquartered in San Fernando, Calif., has five operations in southern California, Pennsylvania and Maryland.

The assets will become part of Pitney Bowes’ PSI operation and its national presort network, the nation’s largest with 25 locations, including one in Rockville.

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TietoEnator signs outsourcing agreement with Finland Post

Posted by | Oct 5, 2004 | |

Finnish-Swedish IT company TietoEnator Corporation said on Tuesday (5 October) that it had agreed with Finland Post Corporation (Suomen Posti Oyj) to build a Datacenter, a new central server environment that would house all the Post’s business-critical IT system environments.

The aim of the project is to improve cost-efficiency and control in the Post’s IT services, TietoEnator said.

Under the outsourcing agreement TietoEnator Group would take on nine employees from Finland Post’s subsidiary IT Optimo on the date of signing.

The servers, currently operated by several service providers, would be moved to TietoEnator immediately the project starts.

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TPG eyeing stake in Belgium’s La Poste

Posted by | Oct 5, 2004 | |

TPG NV is watching developments on the European postal markets ‘with great interest’ and will carefully consider any opportunity that may arise, said TPG spokesman Tanno Massar.

His comments follow a report in Belgian financial daily De Tijd that said Belgian Prime Minister Guy Verhofstadt will tell parliament next week that the publicly-owned postal service De Post/La Poste may look for a private partner.

Analysts consider TPG a likely candidate to acquire a stake in the Belgian postal service.

‘We’ll have to wait and see how the situation develops. At the moment, it is only a draft proposal,’ Massar said.

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Belgian PM to approve private partner for De Post/La Poste

Posted by | Oct 5, 2004 | |

Belgian prime minister Guy Verhofstadt will tell parliament next week that the publicly-owned postal service De Post/La Poste may look for a private partner, reported financial daily De Tijd citing the draft speech.

The postal service will be allowed to find a ‘stable industrial’ partner with a long-term strategy, the partner said.

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Look at mail outsourcing, Indian PM tells postal dept

Posted by | Oct 5, 2004 | |

“In most developed countries, labour-intensive postal operations like sorting and classifying mail are outsourced to lower cost countries. It is time for India Post to examine whether it could also provide such services, particularly in view of the success India has had as a destination for IT-related business process outsourcing,” he said while addressing the inaugural function to mark 150 years of the Indian postal system.

He said the postal department must focus on value addition and cost control at the same time. “Meeting the twin challenges of technology and competition would require the department to look minutely at the users to ensure they get substantial value from its products and prevent them from migrating to other communication channels,” the prime minister said.

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