Tag: USA

UPS to acquire Polish Messenger Service Stolica S.A

Posted by | Feb 7, 2005 | |

UPS today announced it has agreed to acquire Messenger Service Stolica S.A., one of the leading parcel and express delivery companies in Poland. Terms of the deal were not disclosed. UPS expects to complete the transaction early in the second quarter of 2005, subject to customary closing conditions. The Warsaw-based Stolica offers customers a full suite of domestic delivery services through a strong nationwide network backed by advanced technology and an experienced workforce. The company has been operating in Poland, Central Europe’s largest economy, since 1993. Stolica’s customers include some of the most recognized brands in Poland across a broad range of industries, and company sales in 2004 totaled almost PLN 200 million (USD64 million).

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FedEx chief looks at next destination France is central to rail-hub plans

Posted by | Feb 5, 2005 | |

The founder of FedEx, Frederick Smith, is used to having his ideas laughed at until they become moneymakers. Having revolutionized the air transport business, Smith is still coming up with new ones. His latest is moving packages from planes to high-speed trains. He hopes to roll out the concept in Paris, the company’s biggest European hub, where talks have been under way with French officials for five years. It could take another five to resolve all the details, like financing and whether FedEx would have its own trains. But these uncertainties do not seem to deter Smith, who at 60 shows few signs of slowing down despite three decades of at the helm. ”I’m enjoying things a lot,” he said during a recent interview. ”We are changing the world, and it’s a real delight to watch it.” Smith was in Paris on his way to the unveiling last month of the Airbus superjumbo plane, the A380, at the Airbus assembly plant in Toulouse, France.

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US Postal Service says gains package market share

Posted by | Feb 2, 2005 | |

The US Postal Service said on Wednesday it has gained a little market share in package shipments during the last three months even as the volume of standard letters continues to decline. A spokesman for the Postal Service, which delivers mail to 142 million homes and offices, said package shipments have risen “in the high single digits” compared with a year earlier, with the lion’s share of the increase coming from two-to-three day priority shipments and from residential shippers using Internet auction service eBay Inc.’s online postage.
“It’s three things all coming together: access, making it easy to do business with us; price stability; and the good service,” said Jerry McKiernan, manager of media relations for the Postal Service. “When those three things are in combination, that’s a winning formula.”

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UPS and Canadian Union of Postal Workers begin court battle

Posted by | Feb 1, 2005 | |

A court battle between American courier giant UPS and the Canadian Union of Postal Workers began in Ontario last Monday after UPS accused Canada Post of unfairly violating Chapter 11 of NAFTA. This chapter allows corporations to seek compensation when government policies are deemed to harm their businesses. According to UPS, the fact that Canada Post is publicly funded gives it an unfair advantage over private delivery companies.

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