Pitney Bowes Inc. has acquired Lanham-based Group 1 Software Inc. for about USD321 million.
Group 1, which designs postal and direct mail software, will become a wholly owned subsidiary of Pitney Bowes’ Global Enterprise Solutions division pending approval by stockholders.
Read MoreKuehne & Nagel deal sees ProLogis grow again
Read MoreEwals emerges as buyer for Acumen
Read MoreUPS ranks highest in business customer satisfaction for domestic air, ground and international delivery, according to the J.D. Power and Associates 2004 Small-Package Delivery Service Business Customer Satisfaction Study(SM). This study is based on 913 telephone interviews with shipping managers and other business personnel at U.S. businesses that have at least 10 employees at a specific location and spend USD10,000 or more annually to ship small packages (up to 150 lbs.). UPS performs particularly well in all three segments in the areas of shipping and delivery, delivery drivers, delivery tracking and communication.
Read MoreEurotunnel board deposed in shareholder revolt
Read MoreTransport operator FirstGroup is in talks with postal chiefs about putting mail back on the railways, it has emerged.
First subsidiary GB Railfreight (GBRf) is in “advanced negotiations” with Royal Mail about a deal which could see trains moving post between London, the north west, the north east and Scotland. Royal Mail controversially announced last June that it was ditching rail altogether, after 173 years of using the railways, in favour of road and air transport.
The state-owned postal group said it had been unable to agree a financially viable deal with incumbent operator English Welsh & Scottish Railway.
Read MoreAnalysts appear hesitant to rerate Singapore Post Ltd.’s stock, considering the postal company’s plan to roll out financial services starting in June. SingPost, which is 31per cent-owned by Singapore Telecommunications Ltd., also faces long-term uncertainty amid government plans to liberalise the postal sector in 2007.
Read MoreAt least 250 jobs will be lost as government moves to restructure Posta Uganda in order to improve its competitiveness. Formerly Uganda Posts Limited, one of the successor companies of Uganda Posts and Telecommunications Corporation Limited, Posta Uganda will have its regional offices reduced from 12 to just four in the restructuring process that started in February.
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