Tag: Courier/Express/Parcels

UPS settles Overseas Partners class action

Posted by | Aug 2, 2004 | |

United Parcel Service Inc. has agreed to provide vouchers to its customers to settle a consolidated class action lawsuit that alleged UPS overcharged shippers for excess-value package insurance written by a Bermuda-based company owned by UPS employee-shareholders.
Atlanta-based UPS was hit with 27 such lawsuits across the country after a U.S. Tax Court judge ruled in 1999 that Bermuda-based Overseas Partners Ltd. was a “sham” intended to divert taxable UPS income from the excess-value program. A panel of the 11th U.S. Circuit Court of Appeals later overturned the ruling, finding that OPL served a legitimate business purpose.

The class actions continued, though, after being consolidated before U.S. District Judge Richard Berman in New York. Judge Berman on Friday approved the terms of a settlement, under which UPS would pay no cash but would grant customers covered by the deal vouchers good for future UPS shipments.

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US RR Donnelley Agrees to Sell Package Logistics Business

Posted by | Aug 2, 2004 | |

R.R. Donnelley & Sons Company announced today that it has reached an agreement to sell its package logistics business to Heritage Partners, Inc., a Boston-based private equity firm that is the principal owner of American Package Express (APX). The agreement is subject to regulatory approval and is expected to close by the end of the third quarter, 2004.

Under terms of the agreement, RR Donnelley will receive cash in exchange for the assets and liabilities of its package logistics business, which includes CTC Direct, Inc., a wholly-owned subsidiary of RR Donnelley. RR Donnelley’s package logistics business consolidates and mails small parcels to homes in the United States. RR Donnelley will retain its print logistics, fulfillment and distribution businesses and will continue to provide third-party logistics management services.

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DHL eyeing airport ecozone in Philippines

Posted by | Aug 2, 2004 | |

Global logistics company DHL wants the government to declare part of the Ninoy Aquino International Airport (NAIA) as a special economic zone where businesses will be entitled to various incentives, a reliable source said over the weekend.

DHL Worldwide Express (Philippines), Inc. aims to convert a property close to the airport into an ecozone but “it is not big enough to qualify” under Philippine Economic Zone Authority (PEZA) rules, the source said.

Because of this, authorities are considering various options, first of which is to combine an airport lot owned by the Manila International Airport Administration or MIAA and the DHL property.

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DHL sees express logistics market share in Asia growing 1-2 pct annually

Posted by | Aug 2, 2004 | |

DHL said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations. ‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.

Mullen said the company’s share of the Asia Pacific express logistics market currently stands at about 40 pct with FedEX having a 29 pct market share and UPS and TNT Express with 19 pct and 12 pct, respectively.

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DHL sees Asian express logistics market share grow 1-2percent

Posted by | Aug 2, 2004 | |

DHL, which Deutsche Post World Net AG wholly owns, said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations.

‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.

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