Tag: USA

Fedex chairman sold 100,000 shares

Posted by | Dec 28, 2002 | |

Frederick Smith, FedEx Corp. chairman, sold 100,000 shares of stock in the world’s biggest air-express firm, according to a Securities and Exchange Commission filing yesterday. Mr. Smith had previously indicated in a filing with the SEC that he may sell up to 200,000 shares for a total of about US$10.6-million. Mr. Smith sold the shares on Dec. 19 at prices ranging from US$53.59 to SUS$54 a share, the SEC filing showed. He directly held about 15.7 million shares and indirectly held another 4.1 million shares.

The company had more than 298 million common shares outstanding as of the end of September.

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Clippership version 8 addresses UPS and FEDEX January 6 rate changes

Posted by | Dec 19, 2002 | |

Kewill Systems (LSE: KWL), the leading provider of multi-carrier transportation management and supply chain control software and services, announced today the release of Clippership Version 8.0, supporting the UPS and FedEx January 6, 2003 rate changes. Clippership Version 8.0 also supports compliance for the new UPS package processing requirements for U.S. domestic Hazardous Materials shipments and is certified to support new PLD 7 functionality with UPS.

Clippership Version 8.0 supports a variety of UPS and FedEx services affected by the January 6, 2003 rate changes. Due to new hazardous regulations mandated by UPS, Clippership Version 8.0 includes new screens specifically designed to collect all required information for UPS hazardous materials processing. In addition, Clippership now supports the Windows XP platform and includes compliance changes in support of DHL Change Order issues. Kewill has also embedded SMC3’s RateWare(r) within Clippership to expand its existing LTL rating support and provide customers with one comprehensive solution to manage compliance for both parcel and LTL shipments.

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Former Lucent CFO to join Citigroup as top strategist

Posted by | Dec 18, 2002 | |

Citigroup Inc’s revolving door has spun again, ushering in the second senior female executive and second former telecommunications manager to join the company since October.

Citi said Tuesday that it had hired Deborah C. Hopkins, a consultant and a former chief financial officer of Lucent Technologies, to head corporate strategy. Ms. Hopkins, 48, will also join the management committee.

Sanford I. Weill, Citi’s chairman and chief executive, has been reshaping his 46-person management committee for some time, and many of the moves have been reactions to probes from regulators about conflicts of interests in the company’s investment bank.

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R.R. Donnelley Logistics to Open Large, Fully-Automated Distribution Facility In York

Posted by | Dec 17, 2002 | |

R.R. Donnelley Logistics, a leader in print, mail and package distribution, is enhancing its consolidation and distribution network by opening a 670,000 square foot facility in York, PA. The move is part of the company’s business strategy to continuously improve service and expand capacity to support the rapidly increasing demand for its services.

The new “Super Center” will be completed in a phased approach. In phase one, the new facility will combine R.R. Donnelley Logistics package operations in the Northeastern region of the United States. Customers in the Northeast will see their home delivery service improve by up to two days within the region, and one day for the balance of the country.

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