Tag: USA

Fireworks Prank Destroys U.S. Mailbox Along with Hundreds of Mail Pieces

A fireworks prank destroyed hundreds of pieces of mail that had been placed in a mail receptacle outside a Clarksville, Tenn., post office. A mailbox located outside the Ringgold Mill Post Office was found engulfed in flames around 2 a.m., when station manager, Luis Sierra arrived for work.

Sierra was able to put the blaze out using a fire extinguisher. Sierra’s quick action came too late to salvage the mail in the receptacle. It is estimated that 100 to 200 mail items were destroyed. Sierra told reporters that he was certain it was caused by fireworks due to the odor of sulfur.

Sierra told reporters that he opened the box while it was still burning, the heat was so intense from the metal it could have cooked meat. He says incidents such as this are the reason fireworks are banned in some places. Each year several pieces of mail are destroyed due to firework pranks such as this.

Postal Service officials request that anyone who used the second mailbox receptical located outside the Ringgold Mill Post Office contact them to aide in listing items that were lost and arrange for letters of lost mail.

Tampering or vandalizing a mailbox is a federal offense, which can be punished with up to twenty-five years in prison. No arrests have been made in connection with the prank, officials request that anyone having any information regarding the incident contact either the Ringgold Post Office or the Postal Inspection Service.

The city of Clarksville has a policy that fireworks are only permissible from July 1 through July 5 each year, and must be ignited between 6 p.m. and 10 p.m. Outside the city limits there are no fireworks restrictions.

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Deutsche Post reviving US air cargo ambition

Deutsche Post has quietly revived a plan to invest in the US air cargo industry which was dropped four years ago in the face of regulatory opposition.

The company last month acquired a 49 per cent stake in Miami-based Astar Air Cargo, which in turn launched an unsolicited bid for Ohio-based ABX Air. Both companies derive most of their business from long-term contracts with Deutsche Post subsidiary DHL.

The proposed deal follows years of wrangling over Deutsche Post’s role in the US air cargo business, which is subject to the same constraints over foreign ownership as passenger airlines.

DHL agreed to sell its 25 per cent stake in Astar – then known as DHL Airways – to a group of US investors in 2003 after rivals such as UPS and FedEx claimed it had broken the ownership laws.

DHL’s USD 1.05 billion purchase of Airborne Express was also subjected to similar scrutiny, and the air cargo company was spun off to shareholders and renamed ABX, while the German group kept the ground-based parcel business.

Astar, which is headed by former Northwest Airlines chief executive John Dasburg, also tried to acquire ABX in 2003, and the talks were revived last December before the Miami-based group last week made an unsolicited USD 7.75 a share proposal to acquire its rival, citing “unusual volume and pricing activity” in ABX stock.

ABX was asked to respond to a proposal which valued the company at USD 454 million. Its shares climbed 12 per cent in the wake of the announcement and were trading just above USD 8, fuelling speculation of a rival offer from management.

DHL said it expected no problems in securing regulatory backing for the two deals involving its suppliers.

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DHL expands in Columbus, Ohio

DHL announced the opening of a new service center facility to meet the growing needs of customers in Columbus, Ohio and surrounding communities. DHL has invested USD 2.1 million in the state-of-the-art service center facility which serves local package pickup and delivery operations in the area.

The new, 54,000-sq.-ft. service center combines a 5,500-sq-ft facility 45 miles east of Columbus and a 20,000-sq.-ft facility near Port Columbus International Airport into one larger operation. Shipments that flow in and out of the new service center are routed directly through DHL’s principal air and ground hub in Wilmington, Ohio – one hour by road from Columbus.

The new facility was built to allow individual letters and packages to flow directly onto and off of vehicles from a conveyor belt system. This new “loose-load” operation will enable greater operational efficiencies, leading to quicker loading and unloading of freight, increased capacity on line-haul vehicles, earlier deliveries and expanded pickup cutoff times for customers in the area.

The new service center will serve package pickup and delivery operations for Columbus, Ohio and surrounding towns, including Mt. Vernon (North), Piketon (South), and Bethesda (East). The facility will handle a wide variety of shipments – including domestic and international parcels as well as palletized, loose-load and container freight.

DHL will continue to maintain its 50,000-sq.-ft service center facility located in the western part of Columbus at 2250 International Street.

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RSM EquiCo Capital Markets Leads Negotiations as WIT Postal Logistics Is Acquired by Sopris Partners

Sopris Partners has acquired WIT Postal Logistics, a privately held mail distribution outsourcing company. Transaction terms were not disclosed.

RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to WIT Postal Logistics.

“Sopris Partners will play an active role in helping to manage and grow the company,” said Brian Boyle, managing director of RSM EquiCo Capital Markets and head of the firm’s Chicago office. “Sopris brings strategic sales and marketing experience to the company, while adding operational experience to WIT’s B2B service model. Sopris’ philosophy is to work with business owners that want to preserve their company’s culture, while also providing liquidity to shareholders or new capital for growth.”

About RSM EquiCo Capital Markets

RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to USD 1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

About WIT Postal Logistics

WIT Postal Logistics is a non-asset postal logistics company. Its products and services are targeted primarily for mailers, parcel shippers and fulfillment enterprises, as well as individual companies with special needs for processing, delivering and tracking volume mail or general commodity products.

About Sopris Partners

Sopris Partners is a private investment firm focused on small- to mid-sized companies. WIT Postal is the firm’s first investment, and Sopris Partners will play an active role in managing it.

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DHL subsidiary to bid for US cargo airline

Astar Air Cargo, a US cargo airline in which DHL Express, the express and logistics subsidiary of German postal service operator Deutsche Post, holds a minority stake, has launched a takeover bid on US rival ABX. Astar is offering USD 7.75 per share in ABX, which puts the value of the company at USD 455m; it is possible that the company may have to up its bid, however, as shares in ABX climbed to USD 8.07 following the announcement of the offer.

ABX was part of US transport company Airborne, which has since been taken over by DHL Express, until 2003; DHL is still virtually the airline’s only customer, representing 95 per cent of turnover. Over 95 per cent of the volume of freight transported by Astar is also for DHL. A spokesperson for Deutsche Post has welcomed the bid, saying that considerable improvements in efficiency are expected.

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