Tag: USA

Ascom & Neopost Announce the Closing of Ascom Hasler

Posted by | Apr 4, 2003 | |

Ascom, the internationally active Swiss high-tech Group and Neopost, the number two world-wide supplier of mailing solutions, today announced the closing of the acquisition of Ascom Hasler, the number three world-wide supplier of mailing systems. Following the closing of Ascom Hasler North-American operations on February 28, 2002, this is now the second and last step of the transaction that is being processed, with the acquisition of Ascom Hasler’s operations outside North America.

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USPS May Reduce Rates for Capital One

Posted by | Apr 3, 2003 | |

The US Postal Service has proposed special discounts for large credit-card company Capital One Financial Corp., the nation’s heaviest user of first-class mail, in hopes of generating new revenue. It is the first time the world’s largest mail system has offered reduced rates specially created for just one customer. Thousands of businesses already get standardized price breaks for sorting their mail by ZIP Codes and other chores that shrink the post office’s workload. But the agency wants to do more for companies that could help it resist the invasion of e-mail and electronic bill-payment systems.

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U.S. 3PL market grows 7%

Posted by | Apr 3, 2003 | |

U.S. third-party, contract logistics business grew at a faster rate than the domestic economy in 2002 for the eighth consecutive year, according to consultant Armstrong & Associates.

Gross revenue, net revenues and net income all increased. Gross revenue rose 6.9 percent, while net revenue, which subtracts expenses paid to transportation carriers from gross revenue, was up 7 percent.

Net income increased from 1.7 percent in 2001 to 3 percent in 2002. That compares with 2.4 percent growth for the U.S. Gross Domestic Product last year, according to the U.S. Department of Commerce.

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New Legislation: USPS to Cut Pension Payments

Posted by | Apr 3, 2003 | |

The Senate passed legislation yesterday to allow the U.S. Postal Service to scale back some of its pension payments, a move that would keep postal rates flat until fiscal 2006. The House is scheduled to consider an identical bill today. Under both bills, the Postal Service would keep billions of dollars it would have paid into the Civil Service Retirement System fund, which covers employees who joined the agency by 1983. Projected savings include USD 2.9 billion this fiscal year and USD 2.6 billion in fiscal 2004, according to USPS estimates

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EGL Inc. Acquires Miami International Forwarders

Posted by | Apr 1, 2003 | |

EGL, Inc. announced that it has acquired Miami International Forwarders (MIF) companies, a privately held international freight forwarder and customs broker based in Miami, Florida. MIF is among the market leaders in logistics in Florida with a specialty in apparel and a strong presence in the Caribbean and Central and South American markets. MIF is also very active in customs brokerage, ocean forwarding, warehousing and local pick-up and delivery services.

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