Sideco Americana S.A.’s creditors have demanded immediate payment on $125 million of 9.125% defaulted bonds due 2002, in a bleak chapter of the Argentine company’s insolvent subsidiary Correo Argentino SA’s long-running dispute with the government.
Read MoreThe Brazilian state owned mail and express services company ECT (Empresa de Correios e Telegrafos) expects the Banco Postal to start operations in late 2002′ first half.
Read MoreDanzas has created a South American trucking network offering customers time-definite, door-to-door deliveries in six countries: Brazil, Argentina, Chile, Uruguay, Paraguay and Bolivia.
Read MoreProposals to reform the law governing the Mexican Postal Service (Sepomex) would not only harm large courier companies, but would put some 5 thousand small companies with local and regional coverage at risk of bankruptcy, reported Mexico City daily Reforma .
Read MoreProposals by Mexican legislators to reform the Postal Service Law in order to provide more support for the Mexican Postal Service (Sepomex) were opposed by the nation’s private courier industry.
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