Tag: North America

Company won't increase its offer to buy ABX

ASTAR Air Cargo Holdings LLC said Wednesday that it still wants to buy competitor ABX Air Inc., but will not increase its offer of USD 7.75 per share for ABX, the cargo airline.

ASTAR also extended until the close of business on July 27 its deadline for receiving a response from ABX Air’s board of directors to the purchase offer, which could total more than USD 450 million. ABX said on Tuesday 17th July that its board is reviewing the offer and expects to respond this week.

John Dasburg, president and chief executive officer of Miami-based ASTAR, said he regards his company’s purchase offer as fair, even though Wall Street investors have pushed ABX’s stock price above USD 8 per share periodically since ABX revealed the ASTAR offer on June 28.

Shares of ABX closed at USD 7.91 on Wednesday, down 4 cents.

Dasburg, in a letter Wednesday to the ABX Air board of directors, said ASTAR’s original offer of USD 7.75 per share is fair in light of market prices of ABX stock prior to ASTAR’s offer. Dasburg also suggested that ABX’s value would suffer if the company should reject ASTAR’s bid.

ASTAR Air Cargo flies air cargo between the United States and destinations in Europe and the Middle East. It directs flight operations from Wilmington, and has other operations in New York, Los Angeles and Miami.

ABX is a major employer in Clinton County and surrounding counties with a work force of about 7,500 people at the Wilmington hub.

ASTAR was formed in 2003 after the spinoff of DHL Airways from DHL Worldwide Express.

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Volkswagen group tips DHL for award

German automaker Volkswagen has tipped DHL Exel Supply Chain for its Volkswagen Group Award for outstanding supplier performance in Mexico for 2006, the logistics services provider has announced.

The annual award is given to the Volkswagen supplier that achieves the company’s highest total weighted performance score in the areas of logistics, service, quality, compliance, on-time delivery, cost and communication. This is the second time DHL Exel Supply Chain has earned the award.

In addition to logistics, Volkswagen Group Awards are presented to suppliers for product quality, technological development, environmental initiatives and business entrepreneurship.

DHL Exel Supply Chain operates two Volkswagen facilities in Mexico, including a sequence center and a cross-dock facility near the company’s Puebla manufacturing plant.

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Pitney Bowes receives USPS CASS certification on SmartMailer and AddressRight Pro software solutions

Pitney Bowes Inc. announced that its SmartMailer 7 and AddressRight Pro mail management software solutions have received U.S. Postal Service CASS certification for the upcoming Cycle L requirements, scheduled for release on August 1, 2007.

The U.S. Postal Service estimates it spends nearly USD 2 billion each year handling mail that cannot be delivered as addressed. In an effort to cut this cost in half by 2010, the Postal Service is becoming much more stringent on discounts offered to mailers designed to encourage greater accuracy of their address lists. Starting on August 1, 2007, postal automation discounts will only be applicable to mail pieces with a confirmed primary address through the DPV and LACSLink products. Pitney Bowes’ CASS Certified SmartMailer 7 and AddressRight Pro software will include both capabilities.

The DPV™ product verifies that an address is recognized as a valid delivery point by the Postal Service and helps identify inaccurate, incomplete or erroneous addresses. LACSLink™ processing provides mailers with a converted physical address when a 911 emergency system has changed a rural-style address to a city-style address.

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U.S. Postal Service is investigating the possibility of closing Waco’s mail sorting plant

Waco leaders, residents and veterans spent several years trying to convince Veterans Affairs officials to not close the Waco VA Medical Center.

Now the U.S. Postal Service is investigating the possibility of closing Waco’s mail sorting plant, a move that could cost the jobs of up to 240 processing clerks while worsening local mail service.

Postal officials must not allow a deterioration of local mail service.

It’s difficult to imagine how trucking the daily average of 326,000 pieces of mail in the Waco processing plant to Austin and Fort Worth could improve pickup and delivery services for Waco customers.

If a Waco resident or business simply wanted to mail a bill or letter across town, the USPS consolidation plan being studied would have all local mail taken first to Austin or Fort Worth for processing before being trucked back to Waco for local delivery.
Postal service officials announced they had begun a study to maximize mail delivery efficiency and cost savings by consolidating the Waco plant’s operations in January 2006.

The postal service has conducted 52 similar consolidation studies across the country since 2004. Nine of those studies resulted in consolidations, 30 were canceled and 13 are ongoing.

Earlier this year, consolidation studies in Bryan and McAllen were halted after postal officials determined it would negatively impact service quality.

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Postmaster General Discusses 'Vote By Mail' at Conference

Mail can play an important role in helping citizens chose their elected officials and the U.S. Postal Service has resources officials need to create Vote by Mail programs.

Those were the two main points shared by Postmaster General John E. Potter during a keynote address at the National the Association of Secretaries of State (NASS) summer meeting here. Stressing proven experience, commitment and available resources, Potter said the Postal Service is a ready partner in states’ efforts to reach voters and conduct elections through the mail.

Founded in 1904, NASS is the nation’s oldest, nonpartisan, professional organization for state officials. The summer meeting, “A First-Class Experience,” is hosted by Bill Bradbury, Oregon’s Secretary of State. Oregon is the only state in the nation to vote exclusively by mail. Twenty six additional states are considering Vote By Mail initiatives.

The Postal Service plays no role in how elections are carried out in the United States, although it is fully authorized to inform and educate election officials about available USPS products and services.

Those services were put to the test last year when the Postal Service worked closely with the Louisiana Secretary of State and other officials to help locate and deliver election and voting information to tens of thousands of residents displaced by hurricanes Katrina and Rita in time for statewide elections as well as the New Orleans mayoral race.

The Louisiana legislature declared June 2, 2006, “United States Postal Service Day,” recognizing the dedication and commitment Postal Service employees showed after the hurricanes and specifically acknowledging successful efforts in the elections.

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