Tag: USA

TNT joins Cargo 2000

TNT Freight Management, the international air and ocean logistics unit of TNT Logistics, joined Cargo 2000, the International Air Transport Association interest group focused on electronically streamlining the air freight delivery process. “We are putting strong emphasis on process optimization and consistency and quality of data,” said Hakan Nilsson, chief information officer for TNT Freight Management. “We have come to the conclusion that our own initiatives in this area aligns perfectly well with Cargo 2000 and have high hopes that Cargo 2000 is now at the point of breaking through a barrier.”

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Senators Collins and Carper react to Postal Service's statement in opposition of postal reform legislation

Senators Susan Collins and Thomas Carper, who are coauthors of the Senate postal reform legislation, have released the following statement reacting to the Postal Service’s last-minute opposition to the bill: We are extremely troubled and disappointed that at the very last minute, the Postal Service is attempting to block action on our bill – the first attempt at modernizing our postal system in more than three decades. While no legislative product is perfect, we believe this bill, which is the product of years of debate and compromise among a number of interested parties, gives the Postal Service the tools necessary to survive and thrive in the 21st Century. We’re also outraged that the Postal Service would mislead Senators about what’s in S.662 in an effort to block it. Nothing in the bill would lead to rate increases. In fact, S.662 includes a strong rate cap that would prevent the Postal Service from raising rates each year by more than the Consumer Price Index.

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US Post Office management opposes Reform Bill

After more than a year of seeking legislation to update how the post office is run, postal management said Wednesday both the House and Senate bills should be scrapped and the whole process started over. Failure to win approval of provisions opposed by the Bush administration could lead to as mush as a 20% increase in postage rates, postal officials said. “We believe there are critical elements missing from this bill, as well as numerous burdensome provisions that would make it extremely difficult for the Postal Service to function in a modern, competitive environment,” the governing board of the Postal Service said in a letter to Sen. Susan M. Collins who chairs the committee on government affairs. The House reform bill approved last year contains similar provisions. “We’ve worked long and hard with House and Senate staff … to try to get corrections to the legislation and we just have literally reached the end of that rope,” postal senior vice president Tom Day said in a telephone interview. The problem centers on provisions for an escrow account and retirement benefits.

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US Postal service delivers data quality

Can you put a cost on bad data? The US Postal Service (USPS) can. The USPS reported that it spent UD1.8 billion dollars processing undeliverable as addressed mail in 2001. The main culprit was incorrect and outdated addresses on business-to-consumer mail. Since this kind of mail accounted for 80% of the mail stream last year, the USPS is working with companies to clean up corporate mailing lists. Their goal is to reduce undeliverable as addressed mail by 50% by 2010, and they hope to achieve this through new USPS technology, education and policy change. Even companies that don’t do a lot of mailing could potentially get help with their data quality initiatives.

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FedEx Express to acquire express business of Chinese transportation company DTW Group

FedEx Corporation announced today that its FedEx Express unit had signed an agreement with Tianjin Datian W. Group Co., Ltd. (“DTW Group”) to acquire DTW Group’s 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group’s domestic express network in China for USD400 million. FedEx and DTW Group entered into a joint venture agreement in 1999. JPMorgan acted as exclusive financial advisor to FedEx. PricewaterhouseCoopers acted as exclusive financial advisor to DTW Group. The acquisition will include: DTW Group’s 50 percent share in the International Priority express joint venture, converting the joint venture into a wholly FedEx-owned company; the DTW Group assets used to perform International Priority services; and DTW Group domestic express assets from 89 DTW Group locations.

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