A new service announced today by UPS, UPS Exchange Collect, helps exporters and importers accelerate payments and reduce the risks associated with international trade transactions. UPS Exchange Collect is an easy-to-use, technology-based electronic payment option that synchronizes the movement of goods, information and funds between exporters and importers.
Read MoreIf the new Federal Transport Law (FLT) is approved foreign parcel services and courier firms could request that the government set up a controversy-resolution panel under the framework of the North American Free Trade Agreement (Nafta), acknowledged the Chairman of the Chamber of Deputies Transport Commission, Eugenio Orestes Pérez Cruz. This was confirmed by Ernesto Romero president of the National Association of Courier Companies, which includes Fedex, UPS and DHL.Orestes Pérez Cruz said that foreign companies felt that they were affected by certain elements of the new transport bill.
Read MoreRR Donnelley has acquired Momentum Logistics Inc a Florida-based provider of package distribution services in the Southeastern United States. The acquisition gives R.R. Donnelley Logistics direct access to hundreds of local entry points in the U.S. Postal Service (USPS) network in the Southeast. The investment improves capabilities, enables further growth in package logistics and improves the efficiency and control of print shipments for RR Donnelley’s print customers.
Read MoreThe U.S. Postal Service may push for its next increase on postage rates as early as next month and two years sooner than scheduled, according to postal officials. The Postal Service has yet to convince Congress to pass legislation reducing its contribution to a federal-government retirement fund. The agency is burdened by USD3bn in debt, and a Congressional approval of the bill could delay the next rate increase until 2006.
Read MoreThe Competition Commission has sent an issues letter to the main parties, Neopost SA (Neopost) and Ascom Holding AG (Ascom) in its inquiry into the proposed acquisition by Neopost of certain assets of Ascom.
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