Tag: USA

Australia Post acquires PrintSoft

Posted by | Aug 10, 2005 | |

Australia Post today announced that it has acquired the global operations of PrintSoft, including PrintSoft Americas Inc., effective July 1, 2005. PrintSoft is a global leader in providing variable print software solutions for corporate, financial, utility, direct marketing and service bureau environments. This will be the first time that Australia Post has owned a business operating in the United States. In 2002, Australia Post and PrintSoft jointly developed Australia Post’s successful Post eLetter service, enabling clients to create letters, invoices, statements and postcards on their desktops, then securely submit them electronically to the Australia Post service bureau, where they are automatically aggregated, sorted and produced with bar codes for optimal production and postage saving.

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DHL announces plans to expand facility near Columbus, Ohio

Posted by | Aug 9, 2005 | |

DHL plans to spend USD4 million to expand near Rickenbacker Airport, a move that will create 150 jobs. The express delivery and logistics company said the investment will be made over five years at its DHL Columbus Commerce Park on Spiegel Drive, north of Rickenbacker. The facility has 120 employees, a mixture of DHL workers and employees contracted through a company that is a partner of DHL. The additional hires primarily will be contract employees, DHL spokesman Robert Mintz said. DHL will expand its 320,000-square-foot warehouse at Rickenbacker by more than 20 percent. DHL uses the facility to provide logistics services, such as warehousing, inventory management, packaging and transportation management. “The primary reason for this expansion is growth in our third-party operations,” said John Robinson, director of logistics operations. “It allows us to expand for our current clients and accommodate new clients.”

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GAO urges better training for handling suspicious US mail

Posted by | Aug 8, 2005 | |

The US Postal Service needs to develop more detailed training to prepare its workers to handle suspicious mail more carefully, the Government Accountability Office said Monday.

The GAO cited mistakes in the handling of a letter containing the poison ricin that was found in the Greenville, S.C. post office in October 2003.

The letter, which contained a sealed vial, was labeled “Caution: Ricin Poison,” GAO noted.

It said the letter was discovered around midnight and postal officials double wrapped it and removed it to an area away from workers, but did not call postal inspectors until the next day. Inspectors then called in local emergency officials and the letter was sent to the state health department and later to the federal Centers for Disease Control and Prevention in Atlanta.

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UPS completes acquisition of Overnite

Posted by | Aug 5, 2005 | |

UPS today announced it has completed the acquisition of Overnite Corporation for USD43.25 per share, or approximately USD1.25 billion in an all-cash transaction. Overnite shareholders approved the transaction yesterday. Based in Richmond, Va., Overnite reported net income of USD63.3 million in 2004 on revenue of USD1.65 billion. The carrier serves more than 60,000 customers in the less-than-truckload (LTL) and truckload (TL) segments. It has operations in the U.S., Canada, Mexico, Puerto Rico, Guam and the U.S. Virgin Islands.

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US Overnite investors accept UPS offer

Posted by | Aug 5, 2005 | |

Shareholders of trucking company Overnite Corp. on Thursday overwhelmingly approved a proposed USD1.25 billion acquisition by UPS Inc., the world’s largest package delivery company.

The cash transaction, which values Overnite shares at USD43.25, is scheduled to close Friday. The buyout already has been approved by the Federal Trade Commission.

The combination will expand UPS’ ground transportation in North America. As a result, Atlanta-based UPS will become a top motor freight carrier and will better compete against rivals such as FedEx Corp.

Both UPS and Overnite agreed to the deal on May 15.

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