Maersk Logistics (a subsidiary of Maersk of Denmark) have signed a letter of intent to acquire certain assets of Distribution Services Ltd, a US company specialising in warehousing, ocean transport intermediary activities and logistics on a global basis.
Read MoreBritish postal service Royal Mail has aggressively sought U.S. catalog business for years with limited success. But since expanding its services during the past few years to include mail processing and freight consolidation, Royal Mail has signed on more U.S. catalogers
Read MoreUS parcels company UPS has warned that its third quarter profit will miss industry estimates because parcel shipments continue to decline.
Read MoreIN A COMMITMENT TO BOTH ITS CUSTOMERS AND THE COMMUNITY, UPS
(NYSE:UPS) HAS ACQUIRED A 30-ACRE TRACT NEAR DOWNTOWN ATLANTA FOR
EVENTUAL DEVELOPMENT AS A NEW PACKAGE DISTRIBUTION CENTER.
THE TRACT, LOCATED WITHIN BOTH THE FEDERALLY DESIGNATED ATLANTA
EMPOWERMENT ZONE AND THE STATE-DESIGNATED ATLANTA URBAN ENTERPRISE
ZONE, SITS ACROSS THE I-75/85 CONNECTOR AND JUST SOUTH FROM TURNER
FIELD ON UNIVERSITY AVENUE. UPS’s decision to acquire the site allows
the company to prepare for future business growth and to enhance
customer service while simultaneously providing a major commitment to
the redevelopment of this inner city area.
It makes perfect sense that an economic slowdown should hurt a company like
>United Parcel Service Inc. (NYSE:UPS – news). After all, the package
>delivery giant is exposed to just about every segment of the worldwide
>economy — from lawyers to retailers to pharmaceutical companies. Fewer
>shipments and reduced spending on high-cost premium delivery services could
>spell trouble for UPS.
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>Hurt, it will, but the world’s No. 1 package mover seems to have figured
>out how to weather the downturn better than its competitors through a
>combination of old-fashioned cost cutting and tightening of operations
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