Pitney Bowes Inc. have acquired substantially all of the assets of International Mail Express, Inc. for USD29 million. With annual revenue of approximately USD54 million, IMEX consolidates letters and flat-sized mail headed to international addresses to reduce postage costs and expedite delivery.
Read MoreExpress delivery company Business Post is turning to rail to escape the problems of congestion on the UK’s roads.
It has started a three-month trial using EWS’s rail express parcels service from Walsall in the West Midlands to Aberdeen, joining DHL which has been using the service since January under a three-year deal.
GeoPost is to take a significant stake in Spain’s leading courier and express network Seur (Servicio Urgente de Transporte).
The 60percent stake in Seur’s Madrid franchise accounts for around 20percent of the network’s overall business.
Chief Executive magazine has named FedEx chairman, president and CEO Fred Smith chief executive of the year.
Smith, who founded FedEx in 1971, was recognized for building a USD25 billion company that “virtually invented an entire industry, transformed other sectors as diverse as manufacturing, retail and transportation and heightened expectations of globalisation.” Smith was chosen from 150 nominees. The judges based their final selection on long-term company performance, operational excellence, global leadership, continuous innovation, corporate responsibility, resilience, integrity and consistency.
Read MoreUnited Parcel Service Inc. plans to expand its business in Japan by creating an extensive distribution network, UPS Chairman and Chief Executive Officer Mike Eskew said.
In an interview with media organisations, Eskew said that the company will boost its number of distribution centers in Japan to several thousand in five years from the current 72.
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