Tag: USA

Courier announces sale of courier custom publishing

Posted by | Dec 17, 2002 | |

Courier Corporation (Nasdaq:CRRC), today announced the sale of the assets of its wholly-owned subsidiary, Courier Custom Publishing, Inc. to ProQuest Information and Learning Co. of Ann Arbor, Michigan. Courier Custom Publishing provides customized teaching materials including multi-publisher coursepacks as well as out-of-print book reproductions and books authorized by professors for classroom use. The proceeds of the sale were $1.5 million and will result in an after-tax gain of approximately $0.8 million or $.15 per diluted share in Courier’s first quarter which ends on December 28, 2002. The sale is expected to increase the company’s previous earnings guidance for fiscal year 2003 by $.15 per diluted share (the amount of the gain) to $3.50 to $3.65 per diluted share and reduce previous guidance on fiscal year 2003 sales to $209 to $215 million.

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USPS Trims Customs Fees for Parcels to EU

Posted by | Dec 16, 2002 | |

The U.S. Postal Service said Friday that parcels delivered in the European Union that are subject to Customs duties and taxes will be assessed an administrative fee of only 9.50 euros ($9.44) for customs clearance. This is a reduction from the 17 Euros ($16.88) that was previously charged.

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Express industry praises U.S.-Chile free trade agreement

Posted by | Dec 11, 2002 | |

The Air Courier Conference of America (ACCA) today applauded the proposed U.S.-Chile Free Trade Agreement’s commitment to assuring fair competition in the express delivery market. The trade agreement’s terms were successfully finalized between U.S. and Chilean representatives earlier today. “We are extremely pleased with the recognition of express delivery services as a unique service sector and with the important commitments to maintain market access for our industry,” said David Spence, chairman of ACCA’s International Trade Subcommittee. Spence, who is also Senior Counsel, FedEx Regulatory and Legal Affairs, added, “The agreement will ensure fair competition between public and private providers of express delivery services.”

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Commission to review US Post Office

Posted by | Dec 11, 2002 | |

The postal system, whose last overhaul was in the 1970s, could face major changes in the future as its mission and operations come under review from a commission set up Wednesday by President Bush.

The U.S. Postal Service is in tough competition from private companies and technology, including electronic commerce and e-mail, over the Internet.

The commission will consider ways to make the postal system more efficient and financially viable. A report, including recommendations, must go to the president by July 31.

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