Lynx Express remains committed to rail despite last week’s closure of the Red Star operation it acquired in 1999. Together with TDG and GB Railfreight, the company is part of the Minimodal consortium which won £1m ( t1.6) in last year ‘s Strategic Rail Authority (SRA) competition designed to stimulate and incentivise innovative thinking about rail transport.
Read MoreUnited Parcel Service staked its claim to the forwarding and customs brokerage business Thursday when it closed on its acquisition of Fritz Cos., and revealed that it had also acquired a stable of smaller customs brokerage companies specializing in trade with Canada and Mexico.
Those companies will be combined with Fritz and UPS’s existing freight forwarder business in a new, as yet unnamed unit, with an estimated $750 million in annual revenue.
Read MoreDHL Worldwide Express saw first quarter 2001 turnover rise 21 percent to 6.3 billion pesatas, a new high, the company said on Wednesday.
Read MoreEmployees are finding out exactly what “stringent cost controls” really means at Memphis-based FedEx Corp. as the economy continues to deteriorate its core overnight air express business. For instance, approximately 150,000 employees, including management, of FedEx Corp., the holding company, and its FedEx Express and FedEx Services units have had their profit sharing benefits suspended indefinitely. Profit sharing will not be paid out for the second half of fiscal 2001 as well as for the entire fiscal 2002 unless the company’s business improves significantly, confirmed Shirlee Clark, FedEx spokesman, Monday.
Read MoreUnited Parcel Service Inc. has acquired the Bellevue-based IShip.com unit of Stamps.com Inc. for an undisclosed amount.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
