FedEx makes $2bn Kinko’s acquisition
FedEx makes $2bn Kinko’s acquisition
Read MoreTag: USA
Judge rules for DHL in US airline case
Judge rules for DHL in US airline case
Read MoreAn Post moves to distance itself from US parcel costs complaints
An Post has moved to distance itself from charges being levied on people receiving air-mail parcels from the United States. The company has received hundreds of complaints about the charges and a spokeswoman said it “expected hundreds more” in the weeks after Christmas. She stressed An Post was no longer responsible for the delivery of air-mail parcels from the US and this service had been taken over by a private contractor. The contractor, General Logistics Systems, Ireland (GLS), is a Dublin-based subsidiary of the Royal Mail in Britain. The United States Postal Service (USPS) signed an agreement with Royal Mail over a year ago to deliver air-mail packages from the US to 23 countries in Europe.
Read MoreUwe Doerken appointed executive chairman of DHL USA
Effective January 1, 2004, Uwe Doerken will become Executive Chairman of DHL USA. He takes over from Carl Donaway, who has held this position since the merger of Airborne with DHL this summer.
Carl Donaway will be leaving the company in early 2004 to pursue other business opportunities. Mr. Donaway led the Airborne organization through many years of successful development in the US market, culminating in a historic merger announcement this summer.
Read MoreFDX/Kinkos Initial Thoughts
FDX announced its intention to purchase Kinko’s for $2.4 billion in cash
from Clayton, Dubilier & Rice. The deal is expected to close in C1Q:04.
Comments from Bear Stearns
Comment from Barry Hansen: Paul, something else for Deutsche Post to ponder. Airborne is in with Office Max, but I don’t see that as a great fit. People do not go there to do office type work, but to buy office type supplies. Barry
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